Forex Trading the Best ECN Forex Broker, Currency Trading Online

This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG.

Should You Trade With LimeFX?

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. The Vanuatu Financial Services Commission (VFSC) provides LimeFX with a competitive regulatory environment for international clients.

It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform. All content on this site is for informational purposes only and does not limefx website 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.

I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable limefx that there are competent guys working. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LimeFX XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager.

LimeFX lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. I take advantage of broker’s competitive pricing and market execution to apply trading bots.

1. However, profits can only be withdrawn to a bank account or a crypto wallet.
2. 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.
3. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
4. 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.
5. Depending on the trading strategy, it may become the most significant fee per trade.
6. These combine well with LimeFX’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.

Reasons plus to Choose LimeFX As Your Trading Broker

LimeFX lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.

LimeFX deploys an ECN/STP execution model and does not manipulate quotes. 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. Clients have access to the full suite of the out-of-the-box MT4 trading platform.

FIRST DEPOSIT BONUS Start trading and receive up to $2,000

LimeFX provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. 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. LimeFX offers traders the core MT4 trading platform without third-party upgrades.

That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. Withdrawals at LimeFX are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.