It’s a good broker for intraday trading because trading conditions allow to earn on every move. 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. Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
- The 70+ currency pairs provide a wider range than many competitors.
- The pricing on the assets and execution are very appealing.But for other types of traders this broker wouldn’t be so beneficial.
- The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets.
- Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, LimeFX’s ECN XL account provides a solid, flexible option. While they could make some more account options, the only account available fits all kinds of trading strategies.. It is worth mentioning that they don’t charge trading fees,, which is rare for an ECN account.The only platform available for trading is MT4, keep this in mind. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives.
Is LimeFX an ECN broker?
LimeFX’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. In this LimeFX review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.
Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. Opening an account with LimeFX is a straightforward process designed to get traders started quickly. LimeFX does not charge specific fees for CFD trading beyond the spread.
Is LimeFX suitable for spread betting?
LimeFX offers traders the core MT4 trading platform without third-party upgrades. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. 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. 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 limefx scam supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
My Key Takeaways After Testing LimeFX’s MT4 Mobile App
No one will block your account for ultra-brief trades.The second one is fees. They have been established over a decade ago, so it they’re not going anywhere pretty easily. Compared to the industry average, LimeFX offers a high amount of currency pairs and indices, an average amount of commodities, and a low amount of cryptocurrencies. I consider the charts screen a platform’s most important feature. It facilitates technical analysis by providing an overview of price action behavior.
Additionally, traders can read about the prevailing market sentiment, important support and resistance levels, pivot points, and implied volatility. They are also presented with potential entry and exit levels, stop-loss and take-profit levels. The broker posts brief (3-4 sentences) forex news informing traders of the latest market developments.
My Key Takeaways After Exploring LimeFX’s Instruments Offering
LimeFX accepts payments via bank wire, e-wallets, and cryptocurrencies. The broker does not charge a handling fee on deposits and will reimburse its clients for any third-party processing charges. Most payments are processed within 24 limefx reviews hours, though transaction times may vary. Still, I feel that LimeFX could become a more attractive forex broker by expanding the range of tools it supports.
