Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. LimeFX shows clients how to obtain the most up-to-date rates, a step many brokers omit.
I’ve observed its execution performance over several days and discovered that LimeFX averages speeds below 60 milliseconds. LimeFX was established in 2010 and is headquartered in Cyprus, where it is licensed and regulated by CySEC. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Execution is faster than the speed of falling comets during shooting stars season, thank you guys for that.
Does LimeFX Offer Low Forex Trading Fees?
We have not experienced any security concerns during our many hours using the trading platform. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks.
Opening an Account
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. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
Non-Trading Fees
Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. In addition to offering free access to a Virtual Private Server (VPS), LimeFX currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000.
- Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.
- LimeFX maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.
- Please note that the information on our website is for informational purposes only.
- 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.
Still, I feel that LimeFX could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. LimeFX’s non-forex asset list is less competitive, with scammed by limefx the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LimeFX is behind the competition here. The account stands out as a competitive option for traders of all experience levels.
Broken down by asset class and compared to the industry average, LimeFX charges low spreads on currency pairs and indices, low-to-average spreads on commodities, and high spreads on cryptocurrencies. The broker publishes limefx forex brokers reviews regular market updates and has an intuitive economic calendar. Additionally, LimeFX’s access to deep liquidity decreases the risk of incurring negative slippage at times of heightened market volatility, which is especially important for news trading. LimeFX offers 100 tradable instruments that can be accessed via the popular MetaTrader 4 platform. With execution speeds of 60 milliseconds, LimeFX is suitable for high-precision trading. 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.