I like the LimeFX trading fees in the ECN account and multi-tier leverage system. The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders. I also like that LimeFX ensures traders operate from a trustworthy and secure trading environment. The Standard Account is LimeFX‘ comprehensive offering for novice and experienced traders.
LimeFX offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. LimeFX explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. LimeFX also has a VIP program, upgrading the LimeFX trading experience significantly via up to 30% reduction in trading fees and increased cashback. The spreads are dynamic, with accounts such as the ECN offering spreads as low as 0.0 pips, reflecting the direct market access they give.
Analysis of Brokers’ Main Features
I like the LimeFX trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. LimeFX presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFX became one of the most competitive Forex brokers.
Order Execution
This affiliation accentuates LimeFX’ commitment scammed by limefx to maintaining transparency, integrity, and ethical conduct in its operations. It also serves as an assurance to clients, offering a robust Compensation Fund covering up to €20,000 per trade claim, acting as a financial cushion and reinforcing client trust. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
MetaTrader 5 Desktop
- In our tests for the Trust category, we also evaluate factors relating to stability and transparency.
- The Demo Account portrays the authentic marketplace status, easily accessible by all traders.
- The About page covers the company history, mission statement, how client funds are protected, and awards.
- The table below lists the protections and benefits by entity, regulator, and region.
LimeFX, a trusted financial market broker since 2007 and regulated by the FSA in Saint Vincent and the Grenadines, is a popular choice among more than 2 million clients worldwide. Withdrawal fees depend on the payment processor, and LimeFX processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and LimeFX account must match. Trading limefx review with a regulated broker will limit the potential for fraud and malpractice.
The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. MetaTrader is also popular due to its copy trading and automated trading features.
One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The Copy Trading service at LimeFX allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy. Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies.
The swift LimeFX online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFX does not engage in unnecessary data mining as part of its registration process. Besides research from Autochartist, LimeFX publishes quality in-house research with actionable trading recommendations.
For busy traders who require a constant connection and portfolio management capabilities, the LimeFX app is a practical tool that proves highly useful. This reliable trading system is suitable for all levels of expertise, enabling users to execute intricate strategies easily. ✅Once authenticated, you may fund your account using one of the supported payment methods. LimeFX’ two-factor authentication (2FA) usage was not explicitly mentioned on the website, although it is a typical security mechanism brokers provide.