Although LimeFX does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on LimeFX. LimeFX uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. Our team rates LimeFX’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing.
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Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. 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. On the downside, LimeFX supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
Also as a trader, I live for low spreads because I can’t have the market taking most of my hard work. Also don’t get me started on how user-friendly their interface is by making sure they provide advanced trading tools so the overall experience will be very satisfactory. LimeFX supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
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LimeFX is a forex and CFD broker that offers very low trading fees and achieves fast order execution speeds. Due to its hybrid limefx reviews ECN/STP model, LimeFX has access to deep liquidity, making it a good choice for high-precision trading. LimeFX has a hybrid STP/ECN execution model with access to deep liquidity.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Islamic traders will also be pleased that a swap-free account is available upon request. Please note that the information on our website is for informational purposes only. We do not provide financial advice or investment recommendations. Perhaps, it’s one of the most significant characteristics for traders.
LimeFX Customer Service
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFX also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
- Additionally, it offers managed accounts so that trading professionals can trade on behalf of the broker’s clients.
- It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.
- We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
- Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
I am all for the LimeFX platform
Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. LimeFX’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
The broker also has a broad glossary on its website, where traders can read about hundreds of trading concepts. Notably, LimeFX has set its margin limefx forex brokers reviews calls at 100% and stop-out levels at 50%. Traders will only receive a notification to deposit additional funds or close out their losing trades after their free margin is depleted.
