Yes, it is possible to have a profitable strategy when trading with LimeFx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. I rate LimeFx’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits.
Trading is for all
I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. Unfortunately, it’s impossible to test a broker you’d like to trade with by simply viewing user feedback. Moreover, I have always been sceptical about user reviews. I know that some people are prone to sharing their negative emotions with other people.
Timeframe
That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance https://limefx.biz/ your trading experience further. There are a couple of things that I wanted to talk about after gaining some experience at LimeFx.1. I think that it will be fair to say that the broker provides one of the best cost efficiency on the forex market.
- I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law.
- While they could make some more account options, the only account available fits all kinds of trading strategies..
- I don’t know if LimeFx broker is the best, they have their weaknesses, but my main concern is reliability and stability.
Many various services
I liked the brokerage firm, so I could do some good work. 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. LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
Non-Forex Assets
A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes. About two months ago I registered a trading account with this broker. For me the most attractive thing here is that it provides good spreads, while charging no fees for this.
However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have limefx company reviews a good selection. The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Instead, you can select a professional trader with a solid track record and start copying trades in return for a small commission to the manager. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. LimeFx was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.
Any trader who is familiar with MT4 will feel right at home with the user interface on the MT4 Multi Terminal. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Still, I feel that LimeFx could become a more attractive forex broker by expanding the range of tools it supports.
The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.
Sometimes traders lose because their margin wasn’t big enough and swaps killed the remaining depo. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. 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 that there are competent guys working.
With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. Perhaps, it’s one of the most significant characteristics for traders.
Your trades are made on prices provided to LimeFx by its liquidity providers. This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself. I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method.
As sometimes forex brokers provide MT4 but don’t do proper support and the platform is really difficult to trade on. I began trading recently and I started with some questionable broker that often took too much time to withdraw my funds, didn’t answer my questions at support service and was doubtful by itself. I didn’t know it could be a better place because I was a beginner.Later I found LimeFx and switched to this broker in one day. My friends reccommended me to trade here and i did it. Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one. When my money is safe, I trade much better, so I am going to stay with LimeFx.
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