LimeFX Review 2024 A Must Read Before Opening An Account

It also achieves average execution speeds below 60 milliseconds, which lessens the risk of negative slippage, and offers free VPS hosting for low-latency trading. However, it does not guarantee the segregation of client funds. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed.

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Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. The one-click trading option can be seen at the top-left corner of the image below. You can also see how to choose between market orders and pending orders. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.

i love this platform for its stability.

MT4 permits algorythmic traders to use Expert Advisors (EAs) and its built-in strategy tester to create sophisticated strategies for automated trading. Additionally, the broker achieves execution speeds below 60 milliseconds and offers VPS hosting for low-latency trading. LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFX platform.

LimeFX holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. The swift online application at LimeFX requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since LimeFX is a regulated and fully compliant broker, new traders must limefx company reviews pass account verification per AML/KYC stipulations.

LimeFX also offers several trading calculators, helping traders count their margin, suitable size for their trades, general market exposure, and more. These are available from the broker’s website with free access to all. I performed my tests on an ECN XL trading account using the desktop and mobile app versions of MetaTrader 4. The account was opened with the broker’s Central Clearing Ltd entity. Some features and services may vary depending on where you reside and which entity you open an account with.

How To Open A Demo Account

Yes, it is possible to have a profitable strategy when trading with LimeFX, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. LimeFX’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA.

1. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders.
2. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
3. To evaluate brokers, we test the accounts, trading tools and services provided.
4. LimeFX is an ECN broker and only maintains one ECN account for all clients.
5. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions.

It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities. It also offers daily market breakdowns, outlining current trading opportunities. The broker, however, does not incorporate research content limefx from third-party providers. Central Clearing Ltd does not provide services to residents of the EEA countries, the USA, and some other countries. The services are not intended for distribution to or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.