As payment options vary from country to country, we suggest creating a free account on LimeFX.com to see which options are available to you. With LimeFX, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, LimeFX will use Hellenic Bank’s exchange rates, published here. Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage.
Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LimeFX is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
LimeFX Demo Account
LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. Accessing the MT4 app through an LimeFX account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, LimeFX has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. LimeFX is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge.
In addition, LimeFX maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. I use LimeFX for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul limefx broker reviews though – they are pretty dated.
Trading conditions
- 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.
- You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty.
- It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.
- The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request.
The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. This means that clients of LimeFX’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. New traders should start with the eight Forex Basics articles. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
Customer Reviews
While an LimeFX no deposit bonus does not exist, LimeFX offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFX occasionally introduces other bonuses and promotions, which have included a $50 LimeFX no deposit bonus or annual interest on free margin. LimeFX advertises free VPS, supporting automated trading solutions. The service provider is BeeksFX, but LimeFX clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage.
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. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFX offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFX transparently displays on its website.
In addition to offering free access to a Virtual Private Server (VPS), LimeFX currently offers an limefx 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.