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 provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts.
Low-Cost Trading Structure
LimeFX provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset limefx forex brokers reviews classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation. Our experts also factor in their hands-on testing experience into broker ratings.
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. FX CENTRAL CLEARING Ltd applies the Markets in Financial Instruments Directive. MiFID provides a harmonized regulatory environment for investment services across the European Economic Area (EEA).
Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. The one-click trading option can be seen at the top-left corner of the image below. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. Its legal documents are accessible and written in an easy-to-understand way. I’ve observed its execution performance over several days and discovered that LimeFX averages speeds below 60 milliseconds.
How do I deposit money into a LimeFX account?
- Read on to discover whether you should sign up for an LimeFX account today.
- We have not experienced any security concerns during our many hours using the trading platform.
- The broker impresses with its forex pairs offering, which is one of the largest in the industry.
- The FAQ section answers many of the most common questions, and LimeFX is transparent about its products and services.
- The absence of a dealing desk and no re-quotes ensures a seamless trading journey.
It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. Accessing the MT4 app through an LimeFX account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. LimeFX also offers a swap-free account variant for clients that cannot pay overnight interest charges due to their religious beliefs.
MetaTrader 4 offers numerous features, including comprehensive charting tools for technical analysis, a recent asset news feed, advanced order options, custom indicators and expert advisor integration. With demo account support to help new traders learn the platform, MT4 caters to investors of all experience levels. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFX offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
The broker also levies an inactivity fee on accounts that sit dormant for over 120 days. This charge is $/£5 per month, limefx forex broker effective after the qualifying period but it does not apply to accounts with a zero balance. 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. LimeFX lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
Should You Trade With LimeFX?
Investing.co.uk has been helping British traders find the right broker for over 20 years. The LimeFX brokerage and the education and signals service GoldLimeFX are not affiliated. Whether you have withdrawal problems, require help using MT4 or have a general inquiry about the broker, speedy and effective customer service is a must. In terms of safety measures, the separate login details for the MetaTrader 4 account to the LimeFX trader hub adds a layer of protection. Withdrawals are free for card transactions but subject to fees for all other forms of payment. For example, many are charged standard bank wire fees that sit between $30 and $45.
The straight-through processing in an ECN environment augments your trading opportunities and escalates your success trajectory. Clients of LimeFX can delve into forex trading instantly, leveraging live streaming and the finest executable prices in the marketplace with immediate confirmations. The absence of a dealing desk and no re-quotes ensures a seamless trading journey. With its stringent adherence to CySEC regulations, LimeFX grants clients access to a consummate Forex model STP/ECN, establishing itself as a non-market maker, distinctly separating it from Dealing Desk brokers.