An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders. Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important. To provide account balance safety, LimeFx keeps its clients’ funds separated from its system money and stuff account. All the clients’ funds are kept in a secure and guarded segregated account so that clients’ funds continue to be unaffected by any system crush or unprecedented hacking.
Conclusion: LimeFx’s Commitment to Responsible Trading
These elements, along with the Forex ECN XL trading account, ensure a seamless and enriching trading experience. In this LimeFx review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at LimeFx and take into account the overall experience for day traders. Due to its global and decentralized structure, the forex market has been more vulnerable to foreign exchange fraud and has had less regulation than other financial 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.
- LimeFx is an ECN/STP broker, which means that it acts as an intermediary between its customers and the market and offers direct access to the main liquidity providers, including 14 top-tier global banks.
- 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.
- MiFID provides a harmonized regulatory environment for investment services across the European Economic Area (EEA).
- While LimeFx is regulated in Cyprus by the CySEC, this licensing does not offer clients the protection of a major body like the FCA.
Accounts & Banking
Think about what it would be like if there were no law and order in the world. The absence of rules, guidelines, restrictions, and control, as well as the freedom of individuals to do as they wish. If the scenario described above were to occur, what would be the inevitable outcome? The same can be said for the forex market, an industry worth a market capitalization of over $5 trillion. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday.
Customer Support
Though LimeFx provides only one account type and one platform, the ECN XL is a pretty strong offering that will work for traders of all experience levels. LimeFx is an ECN/STP broker, which means that it acts as an intermediary between its customers and the market and offers direct access to the main liquidity providers, including 14 top-tier global banks. Thanks to this, customers of this broker can trade based on the best trading conditions, including fast and efficient order execution and variable and low spreads. In addition, there is no conflict of interest between the broker and the trader since the former does not act as the counterpart of the trader in its transactions as in the case of a Market Maker. LimeFx broker only supports MT4 trading terminal which is out-of-the-box and offers automated trading. MT4 is well known as one of the most versatile mostly traded trading platforms.
ECN XL Account: A Gateway to Seamless Trading
The broker keeps its clients’ funds in a different segregated account to provide the utmost safety. A trader residing in Islamic countries gets the facility to use a swap-free account. A swap-free account holder is not required to pay any commission limefx company reviews charge or administrative fees. Certainly, to use the Islamic or swap-free account a trader doesn’t need to pay any charges. So if you are a resident of any Sahara law-based Islamic county then you can request a swap-free account.
Education and Analysis
Please note, some markets may only be available via CFDs or other derivatives. 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. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. 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.
Top Features
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 experience goes high when they find trading spreads starting from 0.0 pips on some assets. Therefore, the cost-saving trading platform features and a constant 24/5 customer service provide full ease and support to its clients. It so crucial demand of every trader of trading on a platform that is fulfilled will all the advanced, modern, and handy trading tools.
This ensures a trader gets the facility of not losing the entire equity balance or full deposit of his trading account. LimeFx stands as a quintessential ECN – STP broker, diligently aligning every trade that our clients make within an Electronic Configured Network (ECN), facilitated through a Straight Through Processing (STP) method. 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. Unlike Dealing Desk brokers, LimeFx never opposes client trades, ensuring a seamless and transparent trading experience.
You can practice your forex trading skills or test new strategies without making a financial commitment. LimeFx serves the EU-based citizen through its Cyprus presence under ESMA regulation. Apart from an ideal and amazing trading account ECN XL, LimeFx has something https://limefx.vip/ more in its bucket to offer its Forex traders. As LimeFx is an up-to-date broker, a client will get an attractive deposit bonus also a Free VPS service. On the three most popular currency pairs- EUR/USD, USD/JPY, and GBP/USD, LimeFx offers in-house research.
You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. LimeFx was established in 2010 and has since grown to become a well-respected forex broker, earning a reputation for providing competitive trading conditions and excellent customer service. The company is based in Cyprus and operates as a member of the FX Central Clearing Ltd group. LimeFx has established itself as a reputable and reliable forex broker, offering a diverse range of trading instruments and competitive trading conditions.
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. I use the desktop platform for running automated systems as it is the only version which can. 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.
A competitive range of commodities markets forms the backbone of any serious CFD brokerage and, unfortunately, LimeFx is lacking in this regard. While clients can access five precious metals contracts, covering gold, silver, palladium and platinum spot markets, there are a mere two energies markets (UK Brent oil and US Crude oil) and no soft commodities. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions.
