There is no account minimum and three available base currencies, GBP, USD and EUR. Unswervingly, we refrain from operating a dealing desk or engaging in forex market-making. These pivotal elements are foundational in guaranteeing that our clients experience the utmost transparency when accessing the FX markets.

Is LimeFX a market maker?

LimeFX offers a choice of 100 tradable instruments across currency pairs, commodities, indices, and cryptocurrencies. The broker impresses with its forex pairs offering, which is one of the largest in the industry. It also achieves average execution speeds below 60 milliseconds, which lessens the risk of negative slippage, and offers free VPS hosting for low-latency trading. LimeFX offers reliable customer support to assist traders with any questions or issues they may encounter.

That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

In this way, you can give your full attention to trading, while we will take care of the safety of your funds. This model eliminates the possibilities of price or spread manipulations and assures no conflicting interests between LimeFX and our valued clients, ensuring a transparent, unadulterated trading milieu. This award, a reflection of independent endorsements by traders, underscores LimeFX’s commitment to innovation and service excellence. LimeFX’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies.

LimeFX Regulation and Security

Additionally, LimeFX provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. LimeFX offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies.

Trading Instruments Comparison

While LimeFX does not charge commissions on any markets, the platform has several other fee structures in place. One such charge is overnight fees, which can be viewed for each asset through the MetaTrader 4 platform. LimeFX offers traders the core MT4 trading platform without third-party upgrades.

1. MT4 permits algorythmic traders to use Expert Advisors (EAs) and its built-in strategy tester to create sophisticated strategies for automated trading.
2. Traders will only receive a notification to deposit additional funds or close out their losing trades after their free margin is depleted.
3. This is due to the fact that there is no central regulatory authority and the regulations are administered locally.
4. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account.
5. LimeFX’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies.

LimeFX has been operating as a legitimate broker for over a decade and has accumulated many positive client reviews limefx scam in this period. No, LimeFX is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.

However, equivalent costs are taken in the form of account management fees. The overall trading environment at LimeFX features a low cost structure and competitive asset selection, . LimeFX lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFX also limefx maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.

LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. 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. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).