Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFX with the top 3 similar brokers that accept traders from your location. LimeFX does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.
Islamic Account
This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. LimeFX offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
- LimeFX maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY.
- Clients can find the provision in the Investment Services General Conditions PDF.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders.
Tradable Instruments
Whether you’re trading major currency pairs or exploring commodity markets, LimeFX provides the necessary tools and instruments to engage effectively in global financial markets. LimeFX is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, LimeFX provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice scammed by limefx for traders seeking low-cost options. In the forex market, regulatory agencies are responsible for ensuring that fair and ethical trading practices are adhered to by investment banks, forex brokers, and signal sellers. LimeFX presents a plethora of advantages including premier trading conditions, instructive educational tools, and the incorporation of the renowned MetaTrader 4 platform.
LimeFX also offers several trading calculators, helping traders count their margin, suitable size for their trades, general market exposure, and more. The broker outperforms the broader industry in almost every aspect except for trading cryptocurrencies. LimeFX has a ‘best execution policy’ (for both entities), guaranteeing to take all necessary steps to provide its clients with the most faborable price quotes under prevailing market conditions. MT4 permits algorythmic traders to use Expert Advisors (EAs) and its built-in strategy tester to create sophisticated strategies for automated trading.
Range of Tradable Instruments
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.
LimeFX’s model empowers clients with direct access to a liquid forex ECN model where everyone receives equal access to the same liquid markets with instantaneous trade execution without any delays or re-quotes. Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers. All orders are orchestrated to execution with unparalleled competitiveness and transparency.
One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. My research indicates that LimeFX’s overnight fees generally meet the industry benchmark. This is suitable for implementing longer-term trading strategies (e.g. swing trading). While an EU-based entity adheres to all the essential safety requirements, the offshore entity offers weaker client protection. It does not offer any real stocks, and its clients cannot really practice value investing with its extremely limited instruments offering.
LimeFX stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex scammed by limefx and CFDs, LimeFX provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. In the vast landscape of forex brokers, LimeFX has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define LimeFX as a brokerage choice for traders seeking precision in the forex markets. While LimeFX does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs.