It is not regulated and is using cryptocurrency for account funding and withdrawals. Eagle FX has only minor geographical restrictions and is accepting USA traders. The broker charges just $6 per lot round turn commission fees whilst there is a minimum 0.01 lot size requirement. The commission is very competitive when compared with other online brokerages. I also like how all trading strategies are welcome including scalping, hedging and news trading. Just keep in mind that as with most brokers, swap fees are applied when holding an open trade overnight.
There is only one main account type available to LimeFx clients, so do not expect to find any tiered deposit requirements or fluctuations in rates or perks. Corporate and Islamic accounts are available for those who need them. As for spreads, this broker offers some of the lowest that we’ve seen to date. On the popular EUR/USD pair, a spread of 0.1 pips is not uncommon. Spreads within the platform are floating, but the overall average is a low 0.3 pips, which is much better than average.
What Do Higher US Interest Rates Mean for the Risk-Linked Currencies?
Just be aware of blockchain fees because I have been stung in the past where the fee amounted to more than the amount that I wanted to deposit which left me out of pocket. LimeFx provide clients with some limited daily analysis covering a variety of different market and trading instruments. These articles on the brokers website cover technical and fundamental analysis which can be used to help inspire potential trading ideas.
This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. I have always found the broker to be prompt and polite in their responses, and appreciate how they are happy to answer all general, technical or account related questions. They treat all customers with the upmost esteem regardless of their experience level or size of LimeFx. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. There are a few different methods of getting in contact with LimeFx for customer support when an issue arrises.
I found them easy to understand but they are not updated that frequently. If market analysis is important to you, then LimeFx have an excellent selection of frequently updated expert insights. This broker has a pretty great reputation online in trading communities, which is actually rare to see from an unregulated broker. On ForexPeaceArmythey have a score of 4/5 stars, with a decent amount of reviews from traders that are thrilled with the conditions and have no problems. Although completely unregulated, the broker uses Bitcoin Cold Storage to safeguard client funds.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
I understand that lack of regulation would deter some potential users, but at the same time it enables them to offer certain products and features that a regulated broker cannot. If you would prefer to trade with a regulated broker, LimeFx are regulated in multiple jurisdictions and also have provide crypto trading. LimeFx offers traders the award-winning MetaTrader 4 platform developed by MetaQuotes Software Corp.
LimeFx is an offshore forex broker using the very latest in fund protection and security measures. It offers extremely attractive trading conditions and a low minimum deposit requirement of only $10. There are a variety of instruments provided and the broker offers the most popular of all trading platforms, MT4. Their customer support team is friendly and knowledgeable, but more importantly, always available to help – 24/7. For all the reasons mentioned here, along with many more, at this time we do recommend LimeFx to those in search for a broker.
North American Markets
It froze for at least 30 minutes, I reached out to chat so they opened up a ticket for me. When it unfroze, everything that happened during the time it froze wasn’t there anymore, as if it didn’t happen. I reach out to chat again to ask should I close my trade and get the credit back since it did hit TP at that time. Spreads can dip as low as 0.1, but platform-wide the average is around 0.3 pips. The spreads on cryptocurrencies, an asset group that is traditionally linked with higher spreads, are also quite competitive. Adding low spreads for cryptocurrencies, on top of a wide coin range, helps LimeFx to stand out as a great choice for new-age digital assets traders.
100% Deposit Bonus - Receive a 100% Bonus on Deposits (Max Bonus $5,000). This broker is very similar to Hugosway, another offshore ECN broker. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
Choose from three trade execution modes, including Instant Execution, as well as market execution, pending, stop orders and a trailing stop function. Even if we try to offer the most up-to-date data, we can't completely ensure the accuracy and validity limefx courses scam of the materials. When it comes to withdrawals I’m happy to say that the longest Ive had to wait was about 6 hours. Once I began placing real trades I was pleased to find that the whole process is very simple and the execution of each trade was quick.
Spreads and fees are even more important for lower time frame traders as they typically get less of a pip reward per trade. LimeFx is a STP/ECN broker with extremely tight spreads and low commissions, making it a perfect environment to trade on. They don’t manipulate any prices or spreads to stop traders out, as they are not a market maker, they simply push your order through to their liquidity providers.
There is no better way to find out the best option than comparing to what is available in the market. Forex brokers are scattered everywhere around the globe so it will be easy for you to get lost while looking for the best. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
All trading is done via ELimeFx MT4 platform available on browsers, desktops, and mobile devices. There are no fees for withdrawal, regardless of the chosen withdrawal method. Each symbol can be displayed in 9 timeframes, allowing you to see the price dynamics in detail.
The firm provides trading services to both retail and institutional clients. By offering extremely attractive trading conditions, this FX broker offers plenty of appeal to traders of all skill levels. If you don’t mind the lack of regulation and are looking to trade CFDs, then you could always see what they have to offer with a free demo account to begin with.
- If you discover that they cannot, please feel free to use our free broker comparison tool to find another option.
- There are no fees for depositing with either Credit/Debit card, Wire or Bitcoin.
- I would always test a broker on a demo account to begin with just to make sure that they have suitable conditions for my trading strategies.
- The deposit and withdrawal methods offered by LimeFx are bank wire transfer, credit/debit card, and Bitcoin.
- Furthermore, additional protection is provided by keeping client deposits segregated, completely separate from company business funds.
Genuine 24/7 support, with web chat response time under 2 minutes on average. Current and prospective clients can reach out to support agents via phone and email, or request a callback. TradingBrokers.com is for informational https://limefx.name/ purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any LimeFxs.
Trade a variety of assets at LimeFx and take advantage of uninterupted 24/7 trading.
In conclusion, the trading conditions offered by LimeFx are perfect for forex traders, especially beginners and scalpers. The tight spreads, tier 1 liquidity, rapid execution speeds and high leverage make it a truly great broker, condition wise. Beginners can benefit from the minimum deposit of just $10, making it limefx a great platform to practice and learn on. LimeFx is continually reviewing the trading services that they provide to ensure that clients have everything that is needed in order to profit from Forex trading. As part of their commitment to keeping costs low, there are no fees charged on deposits and withdrawals.
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