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. 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. 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.
LimeFx provides customer support via various channels, available to assist traders responsibly with their queries or technical issues. Certainly, LimeFx offers educational materials and market analysis to enhance traders’ knowledge responsibly. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace.
- I know which system they use to send order directly to the interbank market.
- I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it.
- LimeFx ensures a user-friendly interface, allowing traders to navigate the platform easily.
- The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses.
There are a few features that indicate that LimeFx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection. 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.
First Deposit Bonus
Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. LimeFx provides responsive customer support to assist traders with inquiries or technical issues without promoting speculative trading practices. According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover. Through LimeFx and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic.
LimeFx Comparison Table
The broker doesn’t take the other side of trades, which differentiates it from Dealing Desk brokers. Client orders, stops, limits, and trades are executed with counter-parties, meaning LimeFx is firmly on the client’s side. I know which system they use to send order directly to the interbank market. 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 Customer Service
As aforementioned, there are no commission or deposit fees required with this broker. As far as investor features go, traders will find a lot offered, including a wide range of products, the https://limefx.name/ MetaTrader 4 platform, Forex tools, and Forex offers. This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform.
In fact at LimeFx we believe this ECN account is not basic at all. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience. LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call.
LimeFx Pricing
The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272). CySEC is a top-tier regulator that helps ensure LimeFx follows strict business standards and implements safeguards like negative balance protection and segregated client funds.
You can trade a dozen major indices, including the Dow Jones, NASDAQ and S&P 500 with competitive spreads at LimeFx. However, it’s disappointing that LimeFx doesn’t offer any individual stocks – a huge drawback against competitors like CMC Markets, which offers limefx website thousands of shares. LimeFx prioritizes security measures to safeguard clients’ funds and ensures a secure trading environment responsibly. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies.