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  • Is LimeFX a Scam? Detailed LimeFX Review Updated 2024

LimeFX scam

This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency.

Trading Instruments

  1. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
  2. This CFD trade has a 100% increase in the funds initially committed.
  3. LimeFX is one of those brokers that is committed to providing the best trading conditions possible.
  4. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
  5. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.

LimeFX has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. They are so committed to providing transparent services and making sure their traders have nothing to worry about. Also as a trader, I live for low spreads because I can’t have the market taking most limefx forex brokers reviews of my hard work.

Should You Trade With LimeFX?

I’ve been trading with LimeFX for several months straight, and I can claim that conditions here are pretty remarkable. I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.

Is LimeFX regulated?

LimeFX scam

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere. It’s essential to note that the trading limefx forex broker instruments offered under the LimeFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.

On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. This means that clients of LimeFX’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Stocks, currency and other commodities and instruments will be brought or sold by LimeFX even if no buyer or seller is lined up. Withdrawing money from LimeFX processing time varies depending on the method but averages 1-5 days.

The LimeFX team did resolve and answer our queries, but the email support from LimeFX was overall average compared to other brokers we have tested. In addition, we tested LimeFX support services in various countries and languages and found that LimeFX were able to effectively resolve our customer issues. Explore the LimeFX platform and train yourself to think systematically and logically about the markets. Furthermore, learning how to mitigate and manage investment risk is crucial.

I really started to like this straight through processing thing. The broker does not intervene, and I even get better prices than I envisioned often. Traders have access to numerous deposit and withdrawal options at LimeFX. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Here is a screenshot of the LimeFX quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

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