Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. I like LimeFX’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFX simple for beginners. The MT4 limefx scam MultiTerminal successfully combines market leading functionalities that combines effective trading of many accounts and with exceptional usability. The programme interface is similar to that of the MetaTrader 4 Client Terminal.
Diverse Range of Tradable Assets
Leading regulatory organizations in the EU such as the FCA, the BaFin, and the CySEC are known to create new policies and guidelines for protecting investors and for safeguarding the integrity of the European financial markets. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. LimeFX is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation. The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. LimeFX is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. LimeFX also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market.
The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market limefx review hours. All orders are orchestrated to execution with unparalleled competitiveness and transparency.
Supporting both MetaTrader 4 and MetaTrader5, FOREX.com offers traders the use of its proprietary app with web and mobile options. Screens are customizable, and traders have the option of setting up push notifications as alerts for preset market conditions. There are more than 90 market indicators, charts, news and analysis to help investors to make the best trading decisions. 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.
Does LimeFX Have A Forex App?
MetaTrader 4 is a series of platforms designed by MetaQuotes Software Corporation. MetaQuotes Software Corp. is a software development company which began trading in 2000. LimeFX’s philosophy is rooted in a commitment to transparency, security, and regulatory compliance. The platform contains some excellent back-to-basic training for beginners along with intermediate and advanced educational facilities. A demo account allows new traders to practice trading without risking their own funds.
Does LimeFX Offer Low Forex Trading Fees?
- This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.
- This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.
- The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets.
- LimeFX’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
While this type of fee is not unusual, LimeFX imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. Opening an account with LimeFX is a straightforward process designed to get traders started quickly. Immerse yourself in the realm of unadulterated straight through processing and elevate your trading journey. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
Regulated, Transparent and Fair Trading
LimeFX’s commitment to providing an ECN – STP model enables our clients to experience an unparalleled level of transparency and efficiency in forex trading. The synergy of innovative trading tools, comprehensive market insights, and a seamless trading environment makes LimeFX a preferred choice for traders seeking integrity and excellence in the world of forex trading. Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients. We prioritize providing transparent pricing coupled with competitive forex spreads and the most cutting-edge trading platforms. We equip our clients with all the essential forex trading tools needed for success, including access to MetaTrader 4 forex software. Our unique ECN bridge allows clients acquainted with MetaTrader to continue leveraging their preferred forex trading platform in a refined ECN/STP environment, ensuring a seamless fusion of familiarity and innovation.
MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. I do feel slightly let down that the LimeFX demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires.