You can also limefx website see how to choose between market orders and pending orders. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. I’ve observed its execution performance over several days and discovered that LimeFX averages speeds below 60 milliseconds. ForexBrokersOnline.com earns money from affiliation deals with our partners.
- To make matters worse, the margin call occurred less than 2 hours after the credit was removed, leaving me no time to react.Had I been informed, I would have funded my account to avoid this drawdown.
- Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience.
- Some features and services may vary depending on where you reside and which entity you open an account with.
- Still, I feel that LimeFX could become a more attractive forex broker by expanding the range of tools it supports.
- 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.
Due to its hybrid ECN/STP model, LimeFX has access to deep liquidity, making it a good choice for high-precision trading. LimeFX incorporates the renowned MetaTrader 4 (MT4) platform, which is suitable for casual trading. MT4 supports basic technical analysis and automated trading via its Expert Advisors (EAs) feature.
Is LimeFX A Good Or Bad Forex Broker?
However, due to European regulations, this bonus is not available for clients from the EEA. Although LimeFX does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on LimeFX. Our team rates LimeFX’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary limefx of currency conversion fees.
This is crucially important for ensuring price transparency. It is interesting for me to cooperate with this broker cuz there’s an opportunity to hedge risks. My former broker didn’t allow this, so I am glad to be working with LimeFX now. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. I rate LimeFX’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me.
LimeFX User Experience
LimeFX has a highly informative educational section that covers the ABCs of trading. This includes multiple articles, guides, and e-books on topics related to fundamental analysis and trading psychology. The only things lacking are educational videos and webinars.
Does LimeFX Offer Low Fees?
Central Clearing Ltd does not provide services to residents of the EEA countries, the USA, and some other countries. The services are not intended for distribution to or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Its legal documents are accessible and written in an easy-to-understand way. The broker also has a clearly defined ‘Client Categorization’ policy. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
LimeFX has several advantages that may be of interest to a wide range of private investors.First of all it is scalping opportunity. No one will block your account for ultra-brief trades.The second one is fees. The overall trading environment at LimeFX features a low cost structure and competitive asset selection, . LimeFX lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. LimeFX supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
Our team is happy to see that LimeFX does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. 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. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
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