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These are useful resources, but LimeFx still lags some behind industry leaders like eToro with its comprehensive forex education academy. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. LimeFx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing.
- I have not had any problems so far and it does not make sense to change broker.
- It is relatively straight forward process to open an account at LimeFx.
- The execution of orders is top notch and I did not see much slippage.
- On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders.
- LimeFx is an ECN broker with a low-cost trading environment.
Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (LimeFx) decided to build on their vast market experience to become the most customer centric forex broker in the business. LimeFx’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience https://limefx.name/ on the popular MetaTrader 4 (MT4) platform. A responsive and knowledgeable customer support team is a hallmark of LimeFx. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, LimeFx provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills.
Cool broker with not so many instruments.
If you have traded with LimeFx we would really like to know about your experience – please submit your own review. This average customer rating is based on 2 LimeFx customer reviews submitted by our visitors. Compare the markets and instruments offered by LimeFx and its competitors.
How To Open A Demo Account
The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. LimeFx adheres to important rules set by this regulator including the segregation of client and business funds limefx website and the use of reputable international banks for the safekeeping of client money. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
Client Fund Segregation: A Pillar of Trust
If you are confident in your trading skills, you can certainly open a real account from the very beginning. If you lack courage to risk your money and then wait until you manage to meet that requirement, I advise you to practice trading various assets on a demo account with the broker. I have used many trading platforms and found LimeFx broker to be the most convenient for trader and now I trade with them all the time. Easy to deposit and withdraw funds and very responsive to my manager when I have a problem or question.
Please note, some markets may only be available via CFDs or other derivatives. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency.
The speed of transfers varies according to the payment method used. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. A good feature about this very platform is that it offers swap-free islamic accounts. But it took me too much time to find this information and I almos gave up. And it is available by request, not by default, which can take time too.
