There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries. The broker monitors all financial requests, making sure that they are safe.
- LimeFx is an ECN broker and only maintains one ECN account for all clients.
- The broker can accept clients from most countries but does not provide services for United States residents and/or citizens.
- These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets.
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Clients may also use their Facebook or Google accounts to open an account.
Client deposits remain segregated from corporate funds at both entities with leading international banks, but LimeFx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. LimeFx has a clean regulatory track record and established itself as a secure and trustworthy broker. LimeFx is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. LimeFx brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
LimeFx Leverage
Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. LimeFx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, LimeFx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. Users will like their experience with this broker because it charges very few fees.
User Experience
It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience. LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution.
It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. LimeFx has unusually competitive dealing spreads that you can gauge by opening a free demo account.
LimeFx Trading Hours (GMT +
This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. CySEC is a top-tier regulator that helps ensure LimeFx follows https://limefx.vip/ strict business standards and implements safeguards like negative balance protection and segregated client funds. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts.
LimeFx User Experience
LimeFx ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. MetaTrader 4 trading platform comes with its own built-in language limefx for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database.
In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.