LimeFX deposits are free, easy, and instant (if you pay by card or crypto). You could also receive a 100% bonus on your first deposit, up to US$2,000. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. But there is 0 dongs and whistles, so, again, not everyone might like it. Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
LimeFX Demo Account
- The choice of payment methods depends on the company that you open an account with, and your country of residence.
- While an LimeFX no deposit bonus does not exist, LimeFX offers a 100% first deposit bonus with a $2,000 limit.
- The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFX transparently displays on its website.
- LimeFX lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
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. 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. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it.
Is LimeFX A Good Broker For Day Trading?
The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. LimeFX has unusually competitive dealing spreads that you can gauge by opening a free demo account. LimeFX offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.
Traders have access to numerous deposit and withdrawal options at LimeFX. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. LimeFX has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework.
Range of platforms
LimeFX runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Still, LimeFX has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. LimeFX holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. The overall trading environment at LimeFX limefx review features a low cost structure and competitive asset selection, .
Customer Support
MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts. 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.
To my surprise everything was better than I expected, I didn’t have any problems with the registration process. If you have traded with LimeFX we would really like to know about your experience – please submit your own review. LimeFX does limefx company reviews not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight.
The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods. If you have experience trading with LimeFX please share your personal review of the broker and what you think are strong and weak points.
