LimeFX Review 2024 Pros & Cons For Forex Traders

I also appreciated that LimeFX offers gold and crude oil assets denominated in multiple currencies (EUR and USD), making it more competitive for traders with different base currencies. Compared to the industry average, LimeFX offers a high amount of currency pairs and indices, an average amount of commodities, and a low amount of cryptocurrencies. LimeFX provides its clients with Virtual Private Server (VPS) hosting for low-latency automated trading. VPS is a tool that facilitates average execution speeds of under 3 milliseconds, which is ideal for precise order execution. The broker outperforms the broader industry in almost every aspect except for trading cryptocurrencies. Broken down by asset class and compared to the industry average, LimeFX charges low spreads on currency pairs and indices, low-to-average spreads on commodities, and high spreads on cryptocurrencies.

LimeFX Account Types

The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. The economic calendar is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.

How To Make A Forex Trade

While an LimeFX no deposit bonus does not exist, LimeFX offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFX occasionally introduces other bonuses and promotions, which have included a $50 LimeFX no deposit bonus or annual interest on free margin. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LimeFX is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency.

1. The FAQ section answers many of the most common questions, and LimeFX is transparent about its products and services.
2. The broker also has a very low inactivity fee and offers cost-free deposits, though withdrawals are subject to a handling fee.
3. This is crucially important for ensuring price transparency.
4. Also, they have a cool leverage, it’s not too big and not too small, something that I really need.

Maximum Leverage By Asset Class

The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The multiple industry awards are also a reassuring sign for us. LimeFX’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size.

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. Solution in showing spreads is soo nice🙌 They is not just usually numbers with medium spreads but tool to calculation average spreads. Also some high spreads during release news we can see.STP are also great, fast trade always.

We are also disappointed with LimeFX’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LimeFX imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. I explored all documents first and then got down to researching various “educational” articles. They seem to me quite helpful as due to them you start feeling the market and almost imagine how a perfect trading strategy should look like. 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. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have limefx company reviews not heard a lot about them.

Available from the website, LimeFX’s limefx reviews educational articles cover an array of important trading topics, such as matters pertaining to technical analysis and margin trading. Traders can use them to learn how to use various technical indicators, how market execution functions, what is slippage, and more. The articles are written in an easy-to-grasp manner so that even first-time traders can quickly understand what is being said with relative ease. 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. As for me, LimeFX is a great broker specifically for scalpers and traders that cherish the tightness of spreads.