LimeFX Review 2024 A Must Read Before Opening An Account

The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. LimeFX’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our LimeFX review to find out if this broker would be appropriate for your needs.

The swift online application at LimeFX requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since LimeFX is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. We have not experienced any security concerns during our many hours using the trading platform. However, traders seeking stocks or deep education and market research will need to look elsewhere.

Non-Forex Assets

1. Central Clearing Ltd does not provide services to residents of the EEA countries, the USA, and some other countries.
2. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
3. 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.
4. I noticed that these assets move in tandem and I try to make the most from this nuance.
5. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.

These limefx reviews trading conditions are ideally suited to trading system that I use. These trading conditions seem to be favorable, which means that they will suit many traders as well as me. Most likely, this is why this broker has only one option for trading conditions.

The Desktop Version of LimeFX’s MetaTrader 4 Platform

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.

The bonus

Additionally, the broker achieves execution speeds below 60 milliseconds and offers VPS hosting for low-latency trading. LimeFX has a hybrid STP/ECN execution model with access to deep liquidity. limefx broker reviews It also achieves average execution speeds below 60 milliseconds, which lessens the risk of negative slippage, and offers free VPS hosting for low-latency trading. However, it does not guarantee the segregation of client funds.

This fee is waived once trading activity resumes or the account balance drops to zero. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account. The broker publishes regular market updates and has an intuitive economic calendar.

I didn’t know it could be a better place because I was a beginner.Later I found LimeFX and switched to this broker in one day. Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one. When my money is safe, I trade much better, so I am going to stay with LimeFX. LimeFX’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LimeFX more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. I’m talking about those traders who started trading quite recently.

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. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. 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.

Categorised in: Forex Trading

This post was written by Rachel Loreland