Still, LimeFX has done limefx review well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. On the downside, LimeFX supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
Account Types
LimeFX has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. 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. With fast processing times and no deposit fees, LimeFX makes it easy for traders to manage their funds efficiently. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Platforms & Tools
That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. This means that clients of LimeFX’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. 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.
Versatile Broker with Competitive Spreads
The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. LimeFX does not charge specific fees for CFD trading beyond the spread. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
Unique Features
- CySEC is a top-tier regulator that helps ensure LimeFX follows strict business standards and implements safeguards like negative balance protection and segregated client funds.
- The MultiTerminal is intended for simultaneous management of multiple accounts.
- LimeFX’s investment offering is excellent for forex traders but weak in other departments.
- Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.
- It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements.
We have not experienced any security concerns during our many hours using the trading platform. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFX’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the limefx company reviews LimeFX platform. The MT4 MultiTerminal successfully combines market leading functionalities that combines effective trading of many accounts and with exceptional usability. The programme interface is similar to that of the MetaTrader 4 Client Terminal.
As with any financial transactions, the security of the information being transmitted is of fundamental importance. The LimeFX MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, LimeFX also offers the possibility to use the extended security algorithms of Public Key Cryptography.
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
