The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. I do feel slightly let down that the LimeFx demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.
Is LimeFx Regulated?
Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. The LimeFx ECN XL Account comes fully packed with all the features that can be expected from an ECN/STP Broker. This includes multiple available markets, access to scalping, commission-free trading, and no required minimum deposit. LimeFx provides three different account types, namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account.
Divi Theme & Page Builder 70% Off
Yes, it is possible to have a profitable strategy when trading with LimeFx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. LimeFx was launched in 2010 by a group https://limefx.biz/ of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. At LimeFx we offer range of ECN accounts to suit all traders.
First Deposit Bonus
Until recently, foreign exchange brokers did large amounts of business, facilitating interbank forex trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems, referred to as ECN. LimeFx Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro.
Learn how to successfully conduct business with LimeFx and understand our products. The same process is followed when opening a Live and Demo Account. The applicant can complete the form and set a unique password or select to open an account via their Google or Facebook accounts. The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR).
- LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below).
- I think the client dashboard and website could do with an overhaul though – they are pretty dated.
- I think I will be trading here for a long time, because I have everything I look for.
- This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.
- LimeFx deposits are free, easy, and instant (if you pay by card or crypto).
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. On the downside, LimeFx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LimeFx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size.
LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker. The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses. Though LimeFx provides only one account type and one platform, the ECN XL is a pretty strong offering that will work for traders of all experience levels.
Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. The applicant will be met with a screen that prompts them to complete their personal profile in order for the account registration to be complete. The Applicant can start the registration process by clicking on the blue “Register” button that is located at the top right of the LimeFx landing page. Today, we are excited to release Divi Quick Sites, which includes entirely automated AI website creation and premade starter sites that you can use to spin up complete Divi websites in one to two minutes. It’s the fastest, easiest way to get a beautiful WordPress website up and running, and since…
LimeFx is one of those brokers that is committed to providing the best trading conditions possible. The spreads offered by LimeFx are incredibly tight, which means that I am able to enter and exit trades with minimal slippage. This has been a game-changer for my trading, as I am able to maximize my profits. Another thing that I really appreciate about LimeFx is their dedication to providing a safe and secure trading environment. All trades are executed quickly and accurately, and their customer support team is always available to assist with any questions or concerns.
Our team rates LimeFx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. Islamic traders limefx website will also be pleased that a swap-free account is available upon request. This was recognized by the experts at MasterForex-V, who awarded Daily LimeFx Trades the title of Most Trusted Binary Options Broker.
LimeFx makes the trader-favorite MetaTrader4 trading platform available and the broker requires no minimum deposit and is known as “commission-free”. LimeFx’s ECN model provides individual traders with direct access to ‘interbank level’ bid/offer spreads on leading currency pairs. Unlike a traditional stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Within the inter-bank market, Spreads, which are the difference between the bid and ask prices for the various currency pairs are razor sharp and vary widely from spreads available to investors outside the top-tier. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro.
We score and compare forex brokers in more than 15 categories. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. There are no commissions and tight spreads sourced directly from liquidity providers. While testing LimeFx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.
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. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.