On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. 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. We are also disappointed with LimeFX’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions. Our experts however cannot recommend this broker over others from our trusted list. With fast processing times and no deposit fees, LimeFX makes it easy for traders to manage their funds efficiently.
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. An inactivity fee of $5 per month is applied after three months of no trading activity. LimeFX rigorously identifies, assesses, and manages each type of risk intrinsic to our operations, emphasizing a proactive approach to risk mitigation.
Versatile Broker with Competitive Spreads
- 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.
- She specializes in writing about investment topics ranging from traditional asset classes and derivatives to alternatives like cryptocurrency and real estate.
- An inactivity fee of $5 per month is applied after three months of no trading activity.
- If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.
- The MultiTerminal is intended for simultaneous management of multiple accounts.
The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. LimeFX offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The scammed by limefx 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 offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. We at LimeFX steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds.
Client Fund Segregation: A Pillar of Trust
LimeFX is primarily a European Forex broker that launched its FX and CFD products in 2010. The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and limefx courses scam Exchange Commission (CySEC). LimeFX a part of the European Markets in Financial Instruments Derivatives (MiFID), which gives it the freedom to operate in the entire European Union under the European Economic Area (EEA) agreement. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe.
This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the LimeFX MT4 platforms on Android and iOS smartphones and tablets. LimeFX employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. MetaTrader 4 is one of the most popular forex trading platforms in the world today.
Standout Features for Traders
Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes LimeFX a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions. LimeFX offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads.
Does LimeFX Have A Forex App?
The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. LimeFX, with its extensive offerings, superior trading conditions, and a robust commitment to transparency and reliability, remains a preferred choice for traders. While every broker has its unique set of pros and cons, the advantages of trading with LimeFX significantly outweigh the cons, making it a vibrant trading hub in the financial marketplace. LimeFX provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.