Forex Trading Currency Trading with STP Forex Broker
However, casual traders can only trade on MetaTrader, which has a rather rugged design. This is an ECN broker and can be an excellent fit for intraday traders. I have never experienced any troubles while withdrawing from my account. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. I am happy with the selection of fee-free funding methods accepted by LimeFX, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay.
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As with any financial transactions, the security of the information being transmitted is of fundamental importance. The LimeFX MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, LimeFX also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. LimeFX brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
My Key Takeaways After Exploring LimeFX’s Instruments Offering
- The speed of transfers varies according to the payment method used.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions.
- Swap-free trading is also available via LimeFX’s Islamic accounts upon request.
It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. One of the most ignored trading costs is swap rates on leveraged overnight positions.
Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most scammed by limefx widely used e-wallets and is accepted by rivals, including XTB and IG.
LimeFX Trading Hours (GMT +
MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Forex Research
This limefx scammers means that clients of LimeFX’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. Traders have access to numerous deposit and withdrawal options at LimeFX. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points.
LimeFX could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I rate LimeFX’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries.