The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are limefx website competent guys working. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- 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.
- Using MQL4 you can build-up your own library of custom indicators, scripts and function database.
- LimeFX has unusually competitive dealing spreads that you can gauge by opening a free demo account.
Trading
LimeFX utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (LimeFX) decided to build on their vast market experience to become the most customer centric forex broker in the business. LimeFX’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform.
Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LimeFX more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. 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. LimeFX offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. 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 offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.
Having tested hundreds of forex brokers, I feel that the LimeFX’s education section is fairly average, with a decent range of materials available but nothing that stands out. LimeFX’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. You can avoid a stop-out by depositing funds into your account. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. On the downside, LimeFX’s high fees for most withdrawal methods are a disadvantage.
LimeFX Pricing
This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. With fast processing times and no deposit fees, LimeFX makes it easy for traders to manage their funds efficiently. As with limefx review any financial transactions, the security of the information being transmitted is of fundamental importance.
Is LimeFX A Good Broker For Day Trading?
LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFX corporate accounts. LimeFX provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, LimeFX maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks.
LimeFX Customer Service
While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. 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.