We log in to the Traders Hub in this broker review LimeFx to look at minimum deposits, rules, leverage, and demo accounts. As a regulated broker, LimeFx is unwavering in its commitment to offering its clients tight and competitive spreads. By doing so, we aim to create an optimized trading environment where the incurred costs are minimized, allowing traders to maximize their potential profits and maintain robust financial health. This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors. Additionally, consider the trading platforms and tools offered by the broker.
- Look for brokers that offer multiple channels of communication, such as live chat, email, and phone support.
- Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
- The trading platform provides all clients with LimeFx MT4, which is compatible with a variety of devices and major web browsers.
- Exchange rates are influenced by a variety of factors like upcoming and political environments that can affect that respective country’s economic condition.
- The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.
LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. 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.
Recommended Brokers:
We recommend forex traders consider the whole package, from regulation and trust to spreads and fees, access to trading tools, customer support and more. The Vanuatu Financial Services Commission (VFSC) provides LimeFx with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a https://limefx.vip/ subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LimeFx does not list them.
Features of LimeFx
There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. Depending on the scope of your trading and the assets you plan on trading, LimeFx might not meet your needs. This is especially limefx courses scam true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. Why settle for standard when you can have excellence at no extra charge? Make the right choice for your Forex trading investmentChoose an award-winning forex account.
A Paradigm of Integrity and Client-Centric Approach
Under the LimeFx “Education & Research” tab, you’ll also find a Forex e-book and an instructional glossary. This feature suggests that LimeFx is quite content to teach rookie traders the ropes. Retail trades are protected up to €20,000 by the Cyprus Investor Compensation Fund (ICF). At both companies’ primary international banks, client deposits are kept separate from corporate monies, although LimeFx does not identify them.
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. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. 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. LimeFx’s investment offering is excellent for forex traders but weak in other departments. LimeFx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000.
It is worth mentioning that they don’t charge trading fees,, which is rare for an ECN account.The only platform available for trading is MT4, keep this in mind. 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.