I can say that my experience with the broker is positive, although I trade here for a bit more than a week. Theres hugue adnvantage in trading in this brokers platform. Your effectively trading forex produkts for free, and this given me alot of motivation. I have working with LimeFx for more than a week and I think that it a decent solutions for scalpers and any type of intraday traders.The spreads is quite competitive. Comparatively interesting broker with own distinctive traits.in general, all conditions are quite similar to something that other brokerage companies offer, but, simultaneously, there are some differences.
I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification https://limefx.biz/ requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.
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 adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. You can withdraw your deposit to the same payment method. However, profits can only be withdrawn to a bank account or a crypto wallet.
The overall trading environment at LimeFx features a low cost structure and competitive asset selection, . LimeFx lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. 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. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
Gain trust and grow your business with customer reviews. I think every trader should pick the most suitable one. Good thing is that there are plenty of assets available at LimeFx, so I am sure you will find some for comfortable trading. I’m confident with this broker because for the time I trade with it nothing bad happened to me and particularly my depo. Of course, I mean non-trading reasons such as fraud or careless attitude to me or something like this.
Any trader who is familiar with MT4 will feel right at home with the user interface on the MT4 Multi Terminal. They have been established over a decade ago, so it they’re not going anywhere pretty easily. It establishes a transparent environment for trading with minimal interference from the broker.it is also a very budget friendly platform, which is another great advantage for a lot of traders out there.
I noticed many traders complain about absence of accounts choice, nevertheless, I just want to note that surplus of them isn’t welcomed. Brokers require tons of resources to create accounts diversification. This one decided to save this energy and it redirected it to other tasks.
A selection of free downloadable e-books and PDFs is also provided. Beginners can benefit from the step-by-step guides on forex trading basics. The current 100% First Deposit Bonus (up to $2000) promotion for non-EU clients doubles account equity with the first deposit. There are plenty of funding methods available at LimeFx, including bank cards, wire transfers, e-wallets such as Skrill and Neteller, plus alternative online payment methods like Rapid Transfer.
We also ensure all reviews are published without moderation. As the ECN XL account might be favorable for many traders, me included. I have got to say, that the set of instruments they have available for traders to deal in has to go up by a certain amount. What I am seeing is a reliable broker, a good infrastructure and platform with less assets than it deserves. Yes, our LimeFx review found that the broker is regulated by the FCA, BaFin, and CySEC. While these are all leading regulatory bodies, our LimeFx review experts highly suggest registering with one of our recommended and trusted online forex brokers instead.
Of course, I had little difficulty, but broker’s representatives helped me to deal with them. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday. If this is a concern for you, there are brokers like LimeFx who do offer 24/7 client support and crypto trading.
To make matters worse, the margin call occurred less than 2 hours after the credit was removed, leaving me no time to react.Had I been informed, I would have funded my account to avoid this drawdown. I really started to like this straight through processing thing. The broker does not intervene, and I even get better prices than I envisioned often. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice.
Rarely meet such brokers where conditions matter so much. These guys are all about the competition limefx forex broker for the cost effectiveness. They have moved tons of restrictions for new traders to get in.
This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself. I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
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