EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. LimeFX offers a variety of convenient deposit and limefx scammers withdrawal methods to accommodate traders’ needs. LimeFX does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with.
FOREX.com is one of the best forex trading platforms and LimeFX has a broad range of assets you can choose from. For the die-hard currency trader, the FOREX.com app offers 80-plus currency pairs. Traders can use MT4, MT5 or the FOREX.com proprietary web-based or desktop trading app.
Robust Regulatory Structure: A Beacon of Compliance
- Before making any trading related decision, contact a local professional financial advisor.
- I’ve been trading with LimeFX for several months straight, and I can claim that conditions here are pretty remarkable.
- CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe.
- I particularly enjoy the daily market analysis provided by in-house experts and the morning roll call, though I do feel LimeFX can improve its research by introducing regular live streams with experts and real-time trading sessions.
- The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of cryptocurrencies, and spot oil trading, LimeFX stands as a versatile trading platform. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. With the LimeFX MT4 trading arsenal at your disposal, all your energy can be channelled into implementing your trading strategies, secure in the knowledge that the suite of tools in MT4 are there to back you up.
How To Make A Forex Trade
Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers. Believing firmly in the significance of having a multitude of liquidity providers in the ever-evolving forex market, we’ve cultivated robust relationships with globally acknowledged financial institutions. We aim to provide our clients with the most competitive forex spreads available, even under turbulent market conditions and during pivotal data and news releases, ensuring a sustained trading advantage. LimeFX supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Minimum deposits vary depending on account type at the LimeFX forex broker. Our LimeFX review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively.
The alignment of LimeFX with client trades facilitates counter-party executions, showcasing LimeFX’s unwavering commitment to client interests, making it a reliable ally for traders. LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFX corporate accounts. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. LimeFX ECN XL account holders pay no commissions to trade any supported asset.
Tools & Features
Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union. This comprehensive regulatory alignment underscores our unwavering commitment to maintaining high standards of compliance, transparency, and ethical conduct. Our membership with the Investor Compensation Fund (ICF) is a testament to our dedication to providing an added layer of financial assurance. This arrangement is an integral part of our security apparatus, aimed at fortifying our clients’ confidence. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations.
Forex Fees
While LimeFX does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, LimeFX provides the necessary tools and instruments to engage effectively in global financial markets. As a regulated broker, LimeFX is unwavering in its commitment to offering its clients tight and limefx official site 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.
Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. LimeFX works off an electronic communication network (ECN), connecting market participants with funders. The ECN enables instant trading and direct contact with traders and funders.
