Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions. It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising. Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week. These customer service agents will help you figure out any issue you have.
How can you evaluate those ancillary tools they offer for market analysis?
The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes.
Is LimeFx A Good Or Bad Forex Broker?
Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals. By providing a unique suite of resources, a VIP level of services, combined with world-class support 24/5, our low cost trading environment provides the ideal base to succeed. LimeFx’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers. In addition to offering free access to a Virtual Private Server (VPS), LimeFx currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit.
Introducing Brokers Partnership
However, this is not a unique feature and something that you will find most brokers provide nowadays. The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers. The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience. LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution.
What about bonus programs? i love nice surprises from brokers 🙂
The Sub IB program is allowing you to introduce additional partners under your referral, giving you both an opportunity to benefit from the trading volume of introduced clients. Once your application is approved, you will get full access to our Partners Hub and receive your referral links. As a regulated broker, LimeFx maintains a solid regulatory environment complying fully with financial laws. LimeFx Multi-Account Management program allows professional Money Managers to manage multiple accounts simultaneously and effectively.
This kind of behavior feels unethical and seems designed to make customers lose their money.I strongly advise potential users to be cautious and consider these practices before trusting LimeFx with your investments. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader. https://limefx.group/ The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. I take advantage of broker’s competitive pricing and market execution to apply trading bots. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. On the other hand, if you already have some experience then I don’t think you will learn anything new.
Indicator-based traders resemble those adhering to a predetermined choreography. They utilize technical indicators, mathematical formulas applied to price data, to generate signals for entry and exit points. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
The LimeFx MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, LimeFx also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. LimeFx has unusually competitive dealing spreads that you can gauge by opening a free demo account.
Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering limefx review from a CySEC regulated region is not able to accept a bonus. All payouts are made on time with no restrictions or delays in withdrawals.
- LimeFx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers.
- Our experts however cannot recommend this broker over others from our trusted list.
- The $0 minimum deposit also makes the forex broker accessible for new traders.
- I have never seen lower floating spreads on major currency pairs – the assets I usually trade.
- There are not as many brokers operating in Canada as we would like.
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. MT4 ultimately gives me the flexibility I need to analyze the foreign exchange market, with 9 time frames ranging from 1 minute to 1 month, 30 integrated indicators, plus 2000 free custom indicators and 700 paid options. It is one of the best forex platforms for technical traders. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.
Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with LimeFx. You can practice your forex trading skills or test new strategies without making a financial commitment. Users will like their experience with this broker because it charges very few fees. There are no commission fees, nor is there a minimum deposit, and spreads start at 0.0 pips for some assets. These cost-saving features, combined with the 24/5 customer service, make “user experience” high on the LimeFx priority list.
Embedded tick charts are an extremely useful way to determine accurate entry and exit points. Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with LimeFx has been an undeniably trustworthy experience for me.
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