LimeFX Review 2024 Pros & Cons For Forex Traders

In the vast landscape of forex brokers, LimeFX has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. 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.

I recommend adding tradingview into the…

The limefx company reviews EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFX transparently displays on its website. LimeFX deploys an ECN/STP execution model and does not manipulate quotes. The account stands out as a competitive option for traders of all experience levels.

LimeFX offers 100 tradable instruments that can be accessed via the popular MetaTrader 4 platform. With execution speeds of 60 milliseconds, LimeFX is suitable for high-precision trading. As the ECN XL account might be favorable for many traders, me included. limefx scam 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.

I hardly remember how account…

1. Five MT4 user guides and a Forex glossary section are also available.
2. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered.
3. The articles are written in an easy-to-grasp manner so that even first-time traders can quickly understand what is being said with relative ease.
4. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
5. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

I am glad to be working with LimeFX.

Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. These combine well with LimeFX’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. I take advantage of broker’s competitive pricing and market execution to apply trading bots. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. As I wrote here two years ago, the LimeFX broker is one of the best in the market.

Because I get enough stress at trading, so I don’t need it outside of it. 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.

Is LimeFX A Regulated Forex Broker?

LimeFX provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform. Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). There are no commissions and tight spreads sourced directly from liquidity providers. While testing LimeFX, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. 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.

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. The standout feature in LimeFX’s instrument selection is its forex pairs offering, which I discovered to be one of the most diverse in the industry. Traders are given access to rare exotic pairs, such as MXNJPY, CHFPLN, USDHUF, and others. MT4 is arguably the most popular platform in retail trading. However, its rugged chart screens and order-placing capabilities are outclassed by newer and sleeker platforms.

Categorised in: Forex Trading

This post was written by vladeta