LimeFx Review: Is it the Best Commission Free Trades for Non-US Traders?

All of its clients receive the same access, and all trades are executed immediately, with no delays or re-quotes. 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. LimeFx offers 24/5 multilingual customer support via telephone, email or live chat.

  • If considering trading financial assets with LimeFx, evaluating the LimeFx platform is important.
  • The execution of orders is top notch and I did not see much slippage.
  • Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up.
  • On top of that, the broker provides really poor educational resources which is a huge stumbling block for beginners specifically.
  • To gain more information about the MT4 Platform, click here.

I proceeded trading’em with other brokers, but also signed up here to trade crosses only. I like that the broker offers the same leverage for majors and crosses. There is no standard withdrawal fee because each platform has its own policy regarding this matter. Some platforms set low withdrawal fees while others have high ones. It all depends on what they perceive as the risk of losing their customers’ money with them. There are no fees involved in the LimeFx withdrawal methods, and you can withdraw money with ease.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. We hope you found our review of the LimeFx brokerage firm useful. Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up.

LimeFx is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. When considering LimeFx for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LimeFx, is to assess the broker’s regulatory status and administrative body.

This means that many beginners can use this feature to learn about the many basics of FOREX trading. But even advanced users can use it to advance their knowledge about the trading world. The most commonly searched topics include learning about fundamental and technical analysis. Unlike other brokers, the FOREX brokers come with many scholarly sources. What makes LimeFx stand out from the rest is that it has resources that cover many of the basics.

LimeFx Review

The LimeFx loyalty program offers its members lucrative bonuses and benefits. LimeFx’s loyalty program is not your typical loyalty program, and it does not offer the standard reward points that are earned for every dollar spent. Instead, LimeFx offers its members different rewards depending on how often they trade. LimeFx MetaTrader manages multiple accounts for you, and expert Advisors are compatible with this tool. Accessing the platform straight from the website is a great option for users with MacOS.

  • It can be good to learn from mistakes and improve your trading skills by having some hands-on experience.
  • It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time.
  • The methods include Card payments, Bank Wire Transfers, Neteller, Skrill, Neosurf, SOfort, Rapid, paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more.
  • Overall, LimeFx is considered a low-risk and can be summarised as a trustworthy and reliable ECN and STP Forex Broker.

The LimeFx brokerage is trader-oriented, given the conditions the company offers. A large list of assets with floating tight spreads, low margin requirements and instant executions in the most reliable platform nowadays – MetaTrader4. MAM and Multi-terminal extensions are available, while scalping, hedning and alog trading is welcome. There’s only one type of the trading account, but the conditions cover all needs.

Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar. Forex trading has become popular among professionals due to its large potential profit margins and billions of dollars being traded on an everyday basis. It has been reported that there are more professional forex traders than any other type of trader. Under the LimeFx “Education & Research” tab, you’ll also find forex trade-related e-books and an instructional glossary. Apart from this amazing benefit, LimeFx comes with a loyalty program that provides a 100% bonus on your first deposit.

LimeFx MetaTrader 5 Advanced Trading Tools

LimeFx on the other hand can be used in many instruments such as Crypto, Energies, Metals, FOREX, and Indices. And, what’s best about it is that you don’t have to pay anything to open an account but you will still get tight spreads. The foreign exchange is best for investment banks as well as commercial banks that want to trade in the name of their customers. These pips sometimes go up in spikes if the platform reports trading session breaks and market news. And, if some market news event comes up, the spread will considerably widen.

It’s recommended that you check the LimeFx website before signing up. If you decide to close your LimeFx account, it’s important to do so with the LimeFx broker customer support and obtain confirmation that no remaining LimeFx fees are due. In addition, currency conversion fees may apply if the LimeFx withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LimeFx. Awareness of these LimeFx fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LimeFx funds.

You should take the security of your personal information seriously and check SSL encryption is enabled on the LimeFx trading platform to protect you on PC and mobile LimeFx platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using LimeFx web trading platforms. Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing limefx funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee. LimeFx partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.

LimeFx MetaTrader 5 on Android Devices

Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one. When my money is safe, I trade much better, so I am going to stay with LimeFx. In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus. Clients can trade using a Virtual Private Server, which LimeFx says can give them three main advantages, including accessibility, security, and speed. With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation.

I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFx offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFx transparently displays on its website.

Benefits that you can enjoy with LimeFx:

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

Therefore, LimeFx leverage magnifies both profits and losses in trading. You can trade a wide variety of instruments with LimeFx
over 120 instruments in fact. This means LimeFx are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

LimeFx Regulation and Licensing in more detail

LimeFx deploys an ECN/STP execution model and does not manipulate quotes. The customer support team offers a 24/7 service throughout the first five days of the week. This is especially important for new traders as the customer service can resolve any issue they come across.

The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, LimeFx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager.

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