Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials.

1. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
2. No, regardless of payment type, LimeFX does not charge commissions on any deposits.
3. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
4. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
5. However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold.
6. LimeFX provides free trading signals from third-party Autochartist.

Crypto Account

Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Does LimeFX offer two-factor authentication (2FA) for account access?

I rate the research offering at LimeFX as above average for the industry. The Copy Trading service at LimeFX allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy. All standard order types are available, including market, limit, and stop-loss orders. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).

What trading platforms do LimeFX offer?

✅Select “Credit/Debit Card” and enter the appropriate deposit amount and currency. ✅There are 11 commodities mentioned, typically energy, agriculture, and other raw resources, allowing traders to bet on price swings in critical and frequently used items. LimeFX’ withdrawal costs vary by method, with some incurring charges. For busy traders who require a constant connection and portfolio management capabilities, the LimeFX app is a practical tool that proves highly useful.

I also like that LimeFX ensures traders operate from a trustworthy and secure trading environment. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.

LimeFX has an active YouTube channel, providing video analysis to complement its written market commentary. The Analytics in 3 Minutes series focuses on the US dollar and limefx scam covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels.

The secure LimeFX back office handles all financial transactions for verified clients. LimeFX supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. LimeFX upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals.

The LimeFX blog discusses trading tactics, market research, and economic event coverage. ✅Enter the amount you want to withdraw and your bank account information. ✅If applicable, LimeFX will produce a unique wallet address and a QR code for your deposit. ✅Make a wire transfer from your bank account to the supplied LimeFX bank information, and include your unique LimeFX account number in the reference. Account verification is mandatory at LimeFX, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.

People who write reviews have ownership to edit or delete them at any limefx broker reviews time, and they’ll be displayed as long as an account is active. LimeFX offers a selection of insightful and practical educational materials. These include articles in the blog section and a comprehensive knowledge base.