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Platforms & Tools
I am satisfied with LimeFX’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. Our team rates LimeFX’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. All content on this site is for informational purposes only and does not constitute financial advice.
- In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.
- LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.
- 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.
Customer Reviews
This average customer rating is based on 24 LimeFX customer reviews submitted by our visitors. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. 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. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
LimeFX does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. LimeFX’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities.
Low-Cost Trading Structure
To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. 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. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users.
The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the limefx scam ECN model are competitive. I am happy with the selection of fee-free funding methods accepted by LimeFX, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker.
One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. Once these steps are completed, traders can access their account and begin trading immediately. LimeFX’s seamless process makes it easy for users to get started. All trading is conducted through desktop or mobile MT4 applications.
Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFX simple for beginners. LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. The 70+ currency pairs provide a wider range than scammed by limefx 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.