This arrangement is an integral part of our security apparatus, aimed at fortifying our limefx clients’ confidence. However, the offshore LimeFX’s entity does not segregate its clients’ funds. The broker posts brief (3-4 sentences) forex news informing traders of the latest market developments.

LimeFX offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads. The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.

Deposit and Withdrawals

Education is one of LimeFX’s strongest attributes, with a learning centre sitting on the website complete with articles on forex trading essentials, strategy examples and chart reading. Clients can access a margin calculator in the trader’s hub to preview how different leverage levels would affect a position. LimeFX maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.

Platforms & Tools

The same can be said for the forex market, an industry worth a market capitalization of over $5 trillion. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. LimeFX operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. In addition to an FAQ section on its website, LimeFX operates a responsive live chat service that runs alongside the forex markets 24/5 and a support email address for more complex issues. Clients that prefer to talk to an authentic voice can phone the support contact number, which is free for UK based clients.

1. Contrary to that notion, in the European Union, a license issued by one member state is valid throughout the whole continent under the MIFID regulation.
2. If you have traded with LimeFX we would really like to know about your experience – please submit your own review.
3. LimeFX is a forex and CFD broker that offers very low trading fees and achieves fast order execution speeds.
4. Unlike Dealing Desk brokers, LimeFX never opposes client trades, ensuring a seamless and transparent trading experience.

Flexible Account Options

LimeFX has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework.

Spreads start from 0.0 pips for the EUR/USD forex pair but are variable and fluctuate throughout the trading day. Spreads on less frequently traded forex pairs and CFDs are higher, though this is the norm for all brokers with no-dealing desk (NDD) execution models. LimeFX is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure limefx review with raw spreads, an unusual offer, presenting Forex traders with a notable edge. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.

The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. LimeFX provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.