Most trading promotions come in the form of a deposit bonus, whereby you fund your account with X amount and the broker will top it up with extra credit. FXChoice does not boast the strong regulatory credentials enjoyed by some other forex brokers. The company is regulated by the Financial Services Commission (FSC) of Belize.
- Perhaps, it’s one of the most significant characteristics for traders.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- LimeFx is also not the most heavily regulated firm on this list, so consider alternative brokers with bonuses if you want a better-known brand.
- 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.
Copy Trading
The bonus spins will be credited to your account upon email confirmation. In our brief and fun session that lasted about 5 minutes, we turned 75 free spins into 0.921 mBTC (worth about $47.43 at the time of writing). After all the free spins are used, you’ll be notified that your future spins will use account money. We are not just another broker in the industry; we consider ourselves trailblazers. Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions.
I am not sure that this broker the most…
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. Based on our expert opinion, LimeFx Forex broker has been recognized by numerous traders around the world as well by the significant number of awards they receive. LimeFx broker delivers dedicated support by a professional team and a good NDD trading environment based on quality technology, also with a good range of trading instruments and low fees and spreads. LimeFx provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads.
Top Features
Nothing wrong with LimeFx, but I just had new requirements.They paid out my money without issue. However, the good part is that LimeFx keeps things transparent by all means. It means that whatever you have to pay them is mentioned whether it is some fee or commission.
LimeFx Account types
Minimize your trading expenditures and unveil your trading potentials! The ECN XL Account stands as one of the most economical gateways to forex trading. Access via our award-winning scammed by limefx XL Account over the MT4 platform, accords traders of all expertise levels an optimal choice, enabling them to kickstart their forex trading under exceedingly competitive conditions.
I take advantage of broker’s competitive pricing and market execution to apply trading bots. Perhaps, it’s one of the most significant characteristics for traders. It’s a good broker for intraday trading because trading conditions allow to earn on every move. Depending on the scope of your trading and the assets you plan on trading, LimeFx might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
Trading Model Synopsis
The other is the total amount of bonus funds available, for example up to $2,000. We don’t consider this a reputable regulator so traders should be aware they may receive little in terms of legal protections should the firm run into financial difficulties, https://limefx.club/ for example. FXChoice stands out for its quick sign-up process and immediate access to bonus funds. Webull has a track record of offering free shares to new clients. These can range from 6 to 16+ fractional shares depending on the promotion.
My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. All orders are orchestrated to execution with unparalleled competitiveness and transparency. The straight-through processing in an ECN environment augments your trading opportunities and escalates your success trajectory. Clients of LimeFx can delve into forex trading instantly, leveraging live streaming and the finest executable prices in the marketplace with immediate confirmations. The absence of a dealing desk and no re-quotes ensures a seamless trading journey.
So, it is very important to keep track of those negative details about LimeFx. Once you know everything including the positive aspects and the negative aspects you can make your final decision about choosing LimeFx or not. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform. LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below). The thing about forex trading is that the prices of things that you invest in stay the same everywhere. However, the price that you have to pay to the trading platforms changes. In this case, LimeFx tries to stay on the top of the market by providing as tight spreads as possible.
Every client at LimeFx is bestowed with identical trading conditions, ensuring immediate execution of all trades with zero delays or re-quotes. The alignment of LimeFx with client trades facilitates counter-party executions, showcasing LimeFx’s unwavering commitment to client interests, making it a reliable ally for traders. Yet, we saw broker offering only FX and CFDs trading through only one trading platform available for the option. On top of that, the broker provides really poor educational resources which is a huge stumbling block for beginners specifically. Here let’s have a look at some alternative brokers that we reviewed.
Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. LimeFx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. 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. 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. 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. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. No, LimeFx is a legit broker with regulatory oversight from the VFSC and the CySEC.
This includes a fiver-tier loyalty scheme where commissions can fall to $1.50 per side. Vantage is one of the most trustworthy forex brokers with bonuses. With over a decade in the online trading industry, more than 900,000 clients and multiple awards, it is a respected brand. Vantage offers one of the best tier-based reward schemes of any forex broker.
Amazingly enough, you can use this platform to trade even out of the trading hours because there will be nothing in between. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. 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. LimeFx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions.
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. 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. Choosing a broker based solely on their bonus deals and trading promotions is a bad idea. Our team always consider the reputation and regulatory oversight of a forex broker. The key considerations here are the amount the broker will add to your deposit, generally displayed as a percentage, for example 100%.
As LimeFx is a broker that takes traders’ side by all means it allows hedging. In this way, any trader can invest in other trades to lower their risk of losing a specific trade. Several traders rely on Expert Advisors as these are the tools that help a lot in trading by keeping track of analytics. The amazing thing about LimeFx is that it is compatible with EAs or Expert Advisors bringing a better trading experience for you. Being a part of this blog can be one of your ways to stay up to date with all the trading stats and trends.
Because I get enough stress at trading, so I don’t need it outside of it. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. Before joining CoinCodex, Emma had been covering stories at the intersection of culture, entertainment, and technology.