TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. The “Education & Research” section of the broker’s website is replete with various educational resources, such as learning articles, forex news, traders corner blog, glossaries, educational eBooks, and more. There is an FAQ section that answers some of the common questions that you may have. I think there is enough to improve your trading if you are a complete novice.

• The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date.
• With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike.
• Depending on the scope of your trading and the assets you plan on trading, LimeFx might not meet your needs.
• Your trades are made on prices provided to LimeFx by its liquidity providers.
• I like how the process is all done online and shouldn’t take you more than a few minutes to complete.

There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts. A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. The broker that provides you with a competitive online trading environment and the required resources to help you get the best out of your trading. They are committed to your success, by delivering competitive pricing, via fair and transparent order processing. There main objective is to empower clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey.

User Reviews

You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. LimeFx is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience.

• LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly.
• This includes pros, cons and an overall rating based on our findings.
• If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services.
• LimeFx advertises free VPS, supporting automated trading solutions.
• That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos.

I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFx offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market limefx reviews news and trading session breaks, which LimeFx transparently displays on its website. LimeFx deploys an ECN/STP execution model and does not manipulate quotes. In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus.

LimeFx Account Types

Our team is ready to listen to your proposals and offer a customised solution. Ready-made risk warnings, regulatory license text and other content, to be placed on your online sites. Invest in cryptocurrency, stock etc make profits in every seconds that counts scheduling trade daily, weekly, or monthly.

LimeFx Demo Account

While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. One of the most ignored trading costs is swap rates on leveraged overnight positions. 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’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users.

I would always like to check a calendar prior to taking any trade decision. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection. The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers.

Forex Trading Platforms

You can practice your forex trading skills or test new strategies without making a financial commitment. Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading. These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts. However, other important tools for market analysis such as Trading Central and AutoChartist aren’t available at LimeFx. If you would like access to these industry leading signal generating tools, then GO Markets provide both.

LimeFx shows clients how to obtain the most up-to-date rates, a step many brokers omit. 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. The https://limefx.biz/ 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. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries.

Overall, LimeFx is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform. You can benefit from a range of competitive trading conditions, such as low spreads from 0.0 pips, zero commission fees and reliable execution speeds. There is only one trading account type but several payment methods for you to choose from. Beginners can take advantage of some basic educational content and see what the broker has to offer with a demo account. The broker has solutions for money managers and those of you who want to copy trading signals from other trades.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services.