Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky. But what this broker has is debugged in work, like the most accurate mechanism. This also applies to payments, and technical support, and the organization of trading.
At LimeFx account offerings there are three ECN accounts divided by the level of trading size, experience, and particular demands. Some of the accounts feature extra benefits of zero swaps, commissions, or mark-ups, or maybe fully tailored solutions for active traders or those who operate bigger sizes. Also, LimeFx is a member of the Investor Compensation Fund, which secures the claims of covered clients against a company in case of its insolvency.
LimeFx does not charge a commission per trade while all costs are presented by the spread from 0.1 pips. You may refer to the current comparison of spread for the most traded instruments, as well as compare LimeFx spread to another popular broker BlackBull Markets. 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.
LimeFx or FX Central Clearing is a Cyprus-established Forex broker founded in 2010 that assists forex exchange market professionals to trade currencies, cryptocurrencies, indices, energies, and metals through advanced technology. The company is known for its customer-centric approach by delivering competitive pricing with the most favorable trading conditions. For a final thought, we see LimeFx as a company that gives an opportunity to engage in trading with limefx reviews the STP/ ECN model and quotes provided directly by the liquidity providers. The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different level to start trading in LimeFx conveniently. The broker offers competitive and favorable trading conditions with low costs. Broker’s offering also includes no minimum deposit requirements making it a very suitable broker for beginners.
In addition, there is a range of ECN trading accounts that are designed to suit their own needs and requirements. LimeFx Forex trading platforms, like most ECN brokers, are based on a highly regarded MetaTrader4. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. The deposit and withdrawal options include multiple offerings from various providers that are covering the needs of almost every client and are truly globally covered. The methods include Card payments, Bank Wire Transfers, Neteller, Skrill, Neosurf, SOfort, Rapid, paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more. Yes, FXC is regulated by Cyprus Securities and Exchange Commission (CySEC) company considered low risks trading broker.
I decided to work with brokers right away during my long years of practice. My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry. I am calm because they are unlikely to go broke at the same time. So, I am currently working with three brokers, and one of them is LimeFx.
It is a liquid pool of institutional partners providing true market quotes.
Leverage levels depend on the instrument you trade and are defined by the regulatory restrictions together with your personal level of proficiency. Also, an additional entity LimeFx serves is located in St. Vincent & the Grenadines . Being an offshore zone St. Vincent & the Grenadines does not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since LimeFx is additionally authorized by the European regulator it is considered to be safe to trade with them. LimeFx is not a scam, it is a regulated broker holding European license ensuring trading safety and client protection, as well as negative balance protection in case of insolvency. FX Central Clearing Ltd (/eu) provides services to the residents of countries from the European Economic Area (EEA) only.
However, leverage should be used smartly as it increases the power of losses as well. Yes, LimeFx gives traders access to major cryptocurrencies like Bitcoin, Litecion, and Ethereum available on a CFD basis. Yet note, that instruments may vary depending on the jurisdiction.
On the flip side, the range of instruments is strictly limited to forex and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for traders might vary depending on the jurisdiction. On top of that, the broker provides only the MT4 platform and no other alternatives. Being an NDD broker, LimeFx doesn’t take the other side of the trade meaning the broker is firmly on the traders’ side. All the orders, stops, limits, and trades are executed with counter-parties. What is also great, LimeFx used technology to provide efficient and transparent pricing with the most possible low spreads.
Some traders might not like the light level of regulation, but the trading conditions speak for themselves. Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. LimeFx now offers trading in currency pairs, commodities, indices and cryptocurrencies.
However, trading with ECN XL Account broker promises no swap charges, making you an easy calculation and great benefit too. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. For further regulatory information regarding the Payment Service Providers please visit the deposit methods page. ECN orders routed and matched in an electronic configured network.
Forex ECN is the most proficient and transparent trading method available. Orders matched at the best possible quotes and spreads available. LimeFx responsibly maintains a solid regulatory framework and comply fully with https://limefx.vip/ financial laws as an authorised and regulated broker. Also, always consider LimeFx rollover or overnight fee as a cost, which is charged on the positions held longer than a day defined by each instrument separately.
Looking at the screen throughout the whole day, and watching how quotes jump does not give a sense of a presence in the market. I appreciate the support team of the LimeFx broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry.