Unlike a traditional stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support.
- LimeFx lacks more trading tools, like CFDs on stocks for example, which became so popular recent days.
- Compare the markets and instruments offered by LimeFx and its competitors.
- But it’s worth mentioning here that past performance never promises a profitable future.
- The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs.
- This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
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. As for my experience of cooperation with this company, then everything is ok. calm trading and scammed by limefx nothing else. Working with LimeFx has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. The platform allows orders to be placed in a variety of ways, including trading directly from charts.
Forex Trading
It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it. I can picture my collaboration with the broker is mostly positive for me. 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. MetaTrader 4 includes all the trading functions the modern forex trader needs.
Overview of Trading Platforms
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. On the downside, LimeFx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFx corporate accounts. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable https://limefx.club/ trading environment and market conditions. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development.
The Foreign Exchange market (Forex or FX for short) is the largest and most liquid financial market in the world. According to the Bank for International Settlements, the Forex market accounts for daily tunrovers of around four trillion dollars and the market has been growing year on year. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. Perhaps, it’s one of the most significant characteristics for traders. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
I would always prefer to use a regulated broker as they can provide certain protection that an unregulated brokerage firm cannot. I am personally satisfied with this brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option.
Customer Reviews
Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFx occasionally introduces other bonuses and promotions, which have included a $50 LimeFx no deposit bonus or annual interest on free margin. LimeFx offers traders the core MT4 trading platform without third-party upgrades. LimeFx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike.
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. Whatever your level of trading experience or demands, we believe we have the right account for you. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LimeFx is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency.
LimeFx Promotions
The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFx transparently displays on its website. LimeFx deploys an ECN/STP execution model and does not manipulate quotes. I like how the company is comprised of a dedicated team of professionals with extensive experience in the financial industry. This means that they should understand exactly what we need as traders.