Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. scammed by limefx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
- Minimum withdrawal amounts vary based on the payment processors, but all are low.
- My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading.
- Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Minimum withdrawal amounts vary based on the payment processors, but all are low. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and LimeFx account must match. LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat.
I like its focus on trading strategies, but I need critical educational material. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. LimeFx offers 43 currency pairs, a choice suitable for most traders.
Миссия LimeFx:
A competitive ECN trading environment with audited and verified order execution. We’re committed to continuously improving our products and services, as evidenced by multiple international awards. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The secure LimeFx back office handles all financial transactions for verified clients.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services.
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LimeFx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Online broker with the
The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. I like the LimeFx trading fees in the ECN account and multi-tier leverage system. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.
Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
I highly recommend it to all traders, particularly algorithmic and high-volume traders. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate https://limefx.group/ partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.