LimeFX ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive limefx reviews than the average of around 0.3 pips at Fusion Markets, for example.

Fees & Costs

This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFX’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily.

EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LimeFX does not list them. Clients can find the provision in the Investment Services General Conditions PDF. LimeFX has a clean regulatory track record and established itself as a secure and trustworthy broker.

Trading conditions

Since LimeFX is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers. There’s no minimum deposit, and LimeFX accepts a wide range of payment methods. These include bank transfers, credit cards (Visa and Mastercard), electronic wallets, and cryptocurrency.

LimeFX Customer Service

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.

This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. LimeFX is an offshore broker established in 2010 by foreign exchange market professionals.

1. These include bank transfers, credit cards (Visa and Mastercard), electronic wallets, and cryptocurrency.
2. LimeFX’s trading account is also available without a swap, upon request.
3. LimeFX also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
4. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
5. The mobile application has proven to be stable and reliable during testing.
6. Traded here for a while initially on demo, then traded couple of months on a live account.

Range of platforms

For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. Clients’ funds are held in segregated accounts with several banks. However, you won’t be able to access a compensation fund should LimeFX go bankrupt. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. LimeFX is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform.

LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, limefx official site so it’s disappointing to find just 27 non-forex assets on the LimeFX platform.

I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs.