LimeFx Review by Forex Peace Army ⭐ Stay safe- read unbiased reviews

While LimeFx features a low selection of currency pairs and commodity CFDs, it maintains an excellent choice of all other trading instruments. LimeFx does offer multiple free demo trading accounts for beginners limefx scam to practice forex trading in a 100% risk-free environment. LimeFx offers the MT4 and MT5 trading platforms, as well as the cTrader platform, the traders favorite, and its proprietary R Trader platform.

In a show of good faith, LimeFx also provides all clients with negative balance protection and is a member of the Financial Commission, which provides protection of up to 20,000 EUR per trader. LimeFx also stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites such as MT4, MT5, and cTrader in addition to its intuitive and easy-to-set up R-trader. You can get started in minutes, and minimum deposits start at just $10. Best of all, you will not be accustomed to any spreads when trading via your ECN account. The platform is home to high levels of liquidity and fast execution speeds.

Current Promotions and Bonus Offers

Though this platform has been promoted as an upgrade to the MT5 family, it isn’t the case yet. Commissions and spreads at LimeFx start from $15 with variable spreads starting at 0.0 pips. For example, if you have a $10,000 position, you might hold just $1,000 in your account. Forex Admin is a blog where you can find an in-depth analysis of Forex Brokers, Stocks, CFDs, ETFs, and other financial instruments to make informed decisions. LimeFx Prime account doesn’t have any restriction over the number of opened positions and the maximum order volume allowed is 500 lots.

Overall, LimeFx offers fewer trading account currencies than most other large international brokers. For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at https://limefx.group/ a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made.

Does LimeFx allow scalping?

When the broker acts as a market maker, it profits from clients losses. Market orders are processed through a bridge to the liquidity provider, and LimeFx takes a commission from the provider on top of a percentage of the spread. There are overnight financing costs on leveraged positions, so make sure to swap rates.

• The broker also offers excellent customer support, with multiple channels available for assistance.
• In a show of good faith, LimeFx also provides all clients with negative balance protection and is a member of the Financial Commission, which provides protection of up to 20,000 EUR per trader.
• CTrader is a trading platform designed for ECN trading, with advanced charting tools and fast trade execution speeds.
• The bonus cannot be withdrawn, but profits can be withdrawn by completing a certain trading volume.
• LimeFx claims to offer a total of 11,700 assets for trading with the R Trader account.
• LimeFx, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.

Trading platforms include MetaTrader 4, MetaTrader 5, and R Stocks Trader; CopyFX platform is offered for copy trading. LimeFx is a forex broker established in 2009 and regulated by the FSC of Belize (CySEC for its European division). LimeFx is also a member of limefx website The Financial Commission organization participating in its €20,000 compensation fund. IFSC Belize follows the international AML (Anti-money laundering) policy, where all withdrawals must be made via the same method and for the same amount as the original deposit.

How to Open LimeFx Live Account?

As you can see from the table above, trading costs on the Prime and ECN accounts are lower than those of the commission-free accounts, and lower than those of other brokers. In fact, the Prime Account has some of the lowest trading fees in the industry, including the lowest commissions – most other brokers have an average trading cost of 9 USD per lot of EUR/USD traded. Trading costs vary depending on the account type chosen by a trader (for more detail on LimeFx account types, click here). Concluding the LimeFx review, we admit a safe broker offers quality trading solutions. LimeFx provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation. LimeFx Markets is a hugely popular online trading platform that offers both STP and ECN accounts.

ECN brokers facilitate scalping because of their automated execution. Because ECN brokers act as intermediaries between trade parties, they can execute thousands of trade orders every second. Every day, traders are becoming savvier about the unsightly business practices that some Dealing Desk brokers engage in.

LimeFx broker review

Some traders’ reviews have complained about the broker’s trading conditions. Some complaint about the spread spreading to 140 pips on the EURNZD pair. There are traders who complain about the gold price is different from the charts from other brokers. As per the LimeFx review, it does not have any commission fees for traders’ account exchanges. The 0% trading fees leverage LimeFx offers are applied to all deposits and withdrawals. Traders need to be cautious that the CFD on leverage does not amount more than the accounts deposits on LimeFx.

Significant drawbacks for traders considering LimeFx are its poor regulation and high withdrawal fees. LimeFx offers very little in the way of educational material for beginner traders, but it does provide up-to-date market analysis content and a helpful community forum. LimeFx offers a useful range of trading tools to help traders make better trading decisions. C-Trader is designed for experienced clients looking for an alternative to MT4/5 and is only available for the ECN and Pro-Standard Accounts.

The customer support team is responsive and helpful, assisting whenever needed. I have effectively diversified my portfolio with a wide range of trading instruments available, including currency pairs, commodities, indices, and cryptocurrencies. The security measures in place, competitive spreads, and low fees make LimeFx a trustworthy and profitable broker. As a hybrid broker, LimeFx is suitable for novice traders with the availability of cent account types with a low minimum deposit of only $10. Beginner traders can test their trading skills with either a demo account or a cent account.

The platform is popular among traders who prefer a more streamlined trading experience. Customers particularly praise the broker’s quality of services, stable execution, and fast funding/withdrawing. They allow clients to trade various assets, including Gold, Indices, Stocks, and Crypto. LimeFx’s copy-trading system and educational support give inexperienced traders the tools they need to begin a trading career.

Traders will also need to choose between two ECN accounts, such as ECN-Fix Spread NDD and ECN-Pro NDD. The ECN-Pro account comes with floating spreads and commission, while the ECN-Fix Spread account is commission free and offers fixed spreads. The LimeFx Group essentially has two companies under its brand, including RoboMarkets Limited and LimeFx Limited. Robo Forex offers five trading accounts, including Real, Demo, Partner, Copy FX, and Contest. Additionally, LimeFx offers up to 10% bonuses on the user’s trading account balances.

Overall, LimeFx ticks all the boxes in its trading platform offering. With MT4, MT5, cTrader, and R Stocks Trader all available, LimeFx offers support for more trading platforms than most brokers. Despite the variation, overall trading costs are higher than average on its commission-free accounts but are lower than average on its ECN Accounts. Except for the R Stocks Trader Account, all accounts have a minimum deposit requirement of 10 USD.

The trading platforms offered to the user are MetaTrader 4, MetaTrader 5, cTrader, and rTrader. The spreads, trading fees, platforms, and trading features are what make LimeFx an enticing offer to global brokers & a choice that traders would prefer. The easy-to-use proprietary platform, R Stocks Trader won ‘Best Global Mobile Trading App 2020’ from Global Forex Awards B2B. It allows the trading of over 12,000 multiple financial asset types on live markets from all over the world.

Forex traders using ECN accounts can set the trading conditions for the trades they want to make, such as choosing the type of instrument, spread, minimum trading size, etc. ECN Brokers then search through their database for providers who offer agreeable terms. LimeFx spreads and commissions begin at US Dollar 15, with variable spreads beginning at 1.3 pips.