LimeFX was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. Our team highly rates LimeFX’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. However, traders seeking stocks or deep education and market research will need to look elsewhere.
I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. LimeFX works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
LimeFX’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our LimeFX review to find out if this broker would be appropriate for your needs. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. I like LimeFX’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
Tools & Features
- LimeFX’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
- Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers.
- LimeFX’s investment offering is excellent for forex traders but weak in other departments.
- I am satisfied with LimeFX’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.
Prior to his role at Benzinga, Luke has held positions that limefx website have honed his skills in leadership and strategic decision-making. Working with LimeFX has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable.
Simple and Streamlined Process
It’s a good broker for intraday trading because trading conditions allow to earn on every move. 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. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
LimeFX uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. 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. LimeFX adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money.
LimeFX Pricing
LimeFX provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced limefx official site trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Yes, it is possible to have a profitable strategy when trading with LimeFX, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading.
Customer Reviews
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. LimeFX could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.