LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). LimeFx’ execution qualityis confirmed by VMTand complies with bestexecution standards.
- LimeFx explains its services well, and I recommend the FAQ section before contacting support.
- LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback.
- The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
- Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour.
- The most ignored trading costs are swap rates on leveraged overnight positions.
LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback. Providing brokerage services in Latin America, Asia and CIS, LimeFx focuses on offering high-quality services and comprehensive support to its clients and partners. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets. Besides the volume-based cashback rebate and VIP programs, LimeFx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. LimeFx has four account types, one being a dedicated cryptocurrency trading account.
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The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. The swift limefx review online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFx does not engage in unnecessary data mining as part of its registration process. LimeFx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started.
Account Types
Negative balance protection exists, meaning traders can never lose more than their deposits. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00.
I always recommend that traders check these before evaluating the total trading costs. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Besides research from Autochartist, LimeFx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured LimeFx research section among the best in the industry in quality and quantity.
https://limefx.name/ supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency.
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I like the LimeFx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFx became one of the most competitive Forex brokers.
Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Swap rates on leveraged overnight positions are also competitive, making LimeFx an excellent choice for all trading strategies as long as they select the ECN option. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading.
LimeFx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
LimeFx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Unfortunately, we do not provide services to citizens and residents of this country. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours.