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 https://limefx.vip/ 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.
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.
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 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.
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.
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.
86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. As the majority of Forex brokers, LimeFx also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance.
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.
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.
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.
Here let’s have a look at some alternative brokers that we reviewed. Yes, the broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes. Traders of any level and expertise can learn even more deeply through the provided range of educational resources and analysis in two distinct forms technical and fundamental analysis. The daily technical analysis is available directly on the website with updated information and a successful retest of the next sufficient momentum. The minimum deposits start from 100$, and according to the method may also vary from 50 to 100$.
However, leverage should be used smartly as it increases the power of losses as well. Yes, LimeFx gives traders access to major cryptocurrencies limefx forex brokers reviews like Bitcoin, Litecion, and Ethereum available on a CFD basis. Yet note, that instruments may vary depending on the jurisdiction.
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 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.
At first, I wouldn’t say I liked the small selection of cryptocurrencies, but I appreciated them when I took a deep look at their trading conditions. After all, I often scalp, and their low spreads create favorable conditions for this. Based on our findings, the broker offers a wide range of trading instruments all based on FX and CFDs trading. It allows trading major, minor, and exotic currency pairs, and cryptocurrencies with access to Bitcoin, Litecoin, and Ethereum, major indices from the EU, US, UK, and Asia. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.