Trade Indices, Commodities and Currencies with a Classic, Swap free or ECN account. Market analysis, articles, video tutorials and webinars are just some of the resources made available to traders in LimeFX’s wealth of educational resources. Any trader would benefit from this generous pool of knowledge and insights from successful traders. LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment. The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades.
We may receive compensation when you click on links to products we review. I have ECN account with this broker, I opened it a few months ago, so far they seem nice. All my entries and orders were executed without
Delays and any problems. The only downside is that if you are from USA you can not trade with this broker. Other than that I have been doing good with LimeFX and I am pleased.
Besides, always make sure to learn how to use it and what the smartest way for a particular instrument is. Please note that the information provided in the table is based on general knowledge and may be subject to change. It is essential to verify the latest information and conduct thorough research before making any trading decisions. Spreads are generally competitive, although major currency pair spreads can be around 2 pips, which is relatively high.
LimeFX Review – Spreads and Payment Processes
LimeFX Europe uses HTTPS (Hypertext Transfer Protocol Secure) data encryption inside the Personal Profile portal, which ensures safe data transfer between the client and servers. The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required. LimeFX Europe Limited is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR. Traders should have a reasonable level of trust with this broker. Spreads at LimeFX Europe are floating from 0 pips with the ECN account, though average spreads start from 4 pips for major pairs and 1 point for major indices.
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- Every withdrawal is processed to the bank accounts within 24 hours through e-wallet apps such as Skrill, Neteller, and Perfect Money.
- And the ECN account, which is aimed at professional and institutional users, charges a commission of $5 per round trip per lot.
- Bitcoin and other Popular cryptocurrencies are also traded by the company, thereby becoming an alternative to the traditional forex markets that pose a high risk of economic loss.
- In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5.
Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, LimeFX offers two market-execution accounts with low minimum deposits. The Classic Account has trading costs included in the spread while the ECN Account offers tighter spreads and a small commission per trade. LimeFX, founded in 2005, is an established CFD and forex broker, where clients can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms using multiple deposit and withdrawal methods. They offer a variety of account types and forex buying, selling, and swap options while maintaining a low-cost structure. The minimum deposit is $50, and they also offer a demo account and other three accounts. Concerning the findings from this review, LimeFX is a good broker for forex markets.
LimeFX Fees (minimal spreads)
A big scam broker and need to be…
A big scam broker and need to be…
A big scam broker and need to be avoided at all costs
This broker have ecn accounts, but their ecn is not real their chart is… There is a demo mode I strongly suggest you activate first to get a hand of trading online, if it is your first time. LimeFX also has a manuscript for terms of service (AKA client agreement).
I recommend traders use it as part of their education before opening an account. LimeFX’s market analysis materials are in-depth, comprehensive, and frequently updated. LimeFX does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider.
The terminal is compatible with any operating system, including MacOS, and is accessible once you have your account login details. Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved. Yes – to start copy trading users will need an account with a minimum balance. Access the ‘Traders’ section to find all the information on any trader. Yes – it has over a decade of industry experience and is backed up by a credible reputation and customer reviews.
Still, MetaTrader 4 remains the most popular platform and has everything needed to implement successful trading strategies. With LimeFX, a demo account allows use of most of the features of a trading account and the trading platform without the need to cancel any subscription or pay any upfront deposit. Litefinance is a great and safe broker and gives good forex trading services.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. We have scanned fees (minimal spreads) that LimeFX charges when trading popular currency pairs, here is their breakdown in pips. The LimeFX VPS service has dedicated 24/5 customer support teams that can help new users get set up and install EAs and indicators directly to the virtual machines. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. LimeFX offers an average number of trading tools compared to other similar brokers.
Support Service for Customer
You will find all trading resources and educational materials that this broker offers under the “for beginners” section. Immediately, it should be understood that LimeFX does not scammed by limefx have material that caters to intermediate or advanced traders. This is not a bad thing per se, but other top-tier online brokers do cater to all traders when it comes to this.
It is the first broker to allow the lowest minimum deposits in the market. The overall review on LimeFX is positive, as the company is enabling its client to get acquainted with the complex Forex trading landscape. From its live trading features to its competitive spreads, the broker ranks high on almost every review parameter. Through its top-quality trading services and evolving asset lists, LimeFX is expected to keep being attractive for traders.
LiteFinance is a reliable company with a flawless reputation that has worked in the sphere of Forex trading since 2005. LiteFinance owes its leadership to its multiple advantages that set it apart from most brokers. The primary drawback is that some users have reported an inability to withdraw funds. Fortunately, the customer support team seem prompt to respond to reported withdrawal problems.
I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform. LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review LimeFX’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Like other forex brokers, LimeFX offers its services through online communication only. It starts with opening a new LimeFX account and making a minimum deposit to select a trading account type. To open a trading account, https://limefx.group/ users need to fill up an online registration form available on the company’s website. A KYC-based verification is conducted online, which activates the account. It takes around 2 days to get the account verified and activated.
I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies. LimeFX, founded in 2005, is an established CFD and forex broker, where clients can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. In the first list, you`ll find regulations and licenses, contacts and why to choose them. In there you`ll see “Forex trading strategies”, which compose a free library of trading systems created by experienced traders. As I have mentioned earlier, they offer a demo account, where you can learn everything about trading, learn how to use their platform without any risk.