Free Forex Bonus Forex Free Deposit Bonus Promotions From LimeFX

The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. The secure back office of LimeFX handles all financial transactions. LimeFX maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.

Is LimeFX regulated?

I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was limefx forex broker a little time to wait for the trade to be executed.

Should You Trade With LimeFX?

On the downside, LimeFX supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LimeFX offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. 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.

1. However, LimeFX has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission.
2. I can picture my collaboration with the broker is mostly positive for me.
3. LimeFX has unusually competitive dealing spreads that you can gauge by opening a free demo account.
4. LimeFX deploys an ECN/STP execution model and does not manipulate quotes.
5. I want to caution beginner traders against using a demo account as an educational tool.
6. LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.

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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. Besides the very frustrating withdrawal charge, LimeFX’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.

The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. limefx reviews LimeFX’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our LimeFX review to find out if this broker would be appropriate for your needs. LimeFX places its clients‘ funds in segregated accounts with several international banks, separate from its own accounts. LimeFX has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed.

So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.

With no minimum deposit, high leverage, and low trading costs, LimeFX is ideal for beginner traders and demanding seasoned ones alike. LimeFX brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. LimeFX strives to provide new and existing real clients various promotional offerings. Everything is created with the client in mind, helping to enhance their trading experience.