Forex Trading the Best ECN Forex Broker, Currency Trading Online

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Yes, LimeFx, just like any other broker has services that can be improved. If you try to look for flaws, LimeFx has them.But the most important thing for me is that the disadvantages of this broker are minor, and I can make a profit. I am satisfied with the quality of my order execution here.All orders I opened here and in particular over the last few days were executed without slippage.

Brokers By Licenses

LimeFx is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. I like how the company is comprised of a dedicated team of professionals with extensive experience in the financial industry. This means that they should understand exactly what we need as traders.

Deposits and Withdrawals

It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. Traders have access to numerous deposit and withdrawal options at LimeFx. New traders should start with the eight Forex Basics articles.

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However, since LimeFx is additionally authorized by the European regulator it is considered to be safe to trade with them. It’s pretty important to underline the necessity of money & data protection systems. There i everything you need to know about how they are secured. Instruments for forex, such as calculator and others is very convenient, but guys, add some stocks. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

I think it’s for experienced traders only

Demo accounts are an invaluable tool for both beginners and experienced traders to familiarize themselves with the platform and test new trading approaches. The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes.

The broker uses SSL encryption to secure data transmission and keeps clients’ funds in segregated accounts with reputable financial institutions. Both platforms are available on desktop, web, and mobile devices, ensuring traders can stay connected to the markets at all times. Well, I would say it depends on your level of experience. I would say they are more useful for beginners but less for experienced traders.

However, due to European regulations, this bonus is not available for clients from the EEA. We are also disappointed with LimeFx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LimeFx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months.

If you have traded with LimeFx we would really like to know about your experience – please submit your own review. This average customer rating is based on 7 LimeFx customer reviews submitted by our limefx visitors. LimeFx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing.

Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. 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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. There is much written about the ECN XL account they have crafted and its reputation as one of the best account types is well deserved. This had bringed me to LimeFx in the first place.Yesterday I registered an account on this platform and I was surprised that even a deposit bonus is available.

  1. Of course, I had little difficulty, but broker’s representatives helped me to deal with them.
  2. LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.
  3. Opening a Corporate Trading Account is a straightforward procedure.

Secondly, the broker has unrealistically low spreads. The broker began its work at a time when retail traders had only Forex and no stocks. LimeFx now offers trading in currency pairs, commodities, indices and cryptocurrencies. Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky. But what this broker has is debugged in work, like the most accurate mechanism.

Great platform for traders who are just starting out! Can recommend everyone who is on the same level with me. The broker has gained my trust for the time I work with it. For me reliability is of supreme importance, while trading conditions are secondary. If you work intraday, you should appreciate commission-free trading.

If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. In this LimeFx review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at LimeFx and take into account the overall experience for day traders.

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