We value our partners and clients, therefore you can be assured you are introducing your clients to a well-known, established and regulated broker, offering transparent processes and competitive terms and conditions. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time. The platform contains some excellent back-to-basic training for beginners along with intermediate and advanced educational facilities.
Tools & Features
We are also disappointed with LimeFx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LimeFx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. On the downside, LimeFx’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like LimeFx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD.
Is LimeFx A Regulated Forex Broker?
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Once your IB application is accepted, you will gain access to the tools and various features of our specialized “Partner Hub” https://limefx.biz/ section, enabling you to keep track of your clients’ trading history and generated commission. You will immediately benefit from our advanced technology and expertise, enabling us to maintain successful relationships with our Partners. LimeFx works off an electronic communication network (ECN), connecting market participants with funders.
Choose the right Program for you:
Clients can open a ECN XL account with only $100 and enjoy the same level of dedicated full support and service as if they are a VIP client. You will be able to take advantage of the ECN/STP model of forex trading we helped to pioneer. As aforementioned, there are no commission or deposit fees required with this broker. As far as investor features go, traders will find a lot offered, including a wide range of products, the MetaTrader 4 platform, Forex tools, and Forex offers. This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform.
Price Action vs. Indicator Trading: Discovering Your Ideal Trading Partner
LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below). 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. LimeFx was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LimeFx more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. The account stands out as a competitive option for traders of all experience levels.
- They concentrate solely on price movements, analyzing candlestick patterns, support and resistance levels, and trendlines.
- FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
- The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses.
- Our clients can access the FX markets on all the preferred devices; mobiles, tablets, laptops, PCs and through using remote servers.
- LimeFx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal.
The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.
Islamic traders will also be pleased that a swap-free account is available upon request. LimeFx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. The logic is simple, the more active clients you have and the more they trade, the higher rebates you will receive. The material is for general information purposes only (whether or not it states any opinions). Nothing in this material is (or should be considered to be) legal, financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by LimeFx or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Through LimeFx and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets. For the die-hard currency trader, the FOREX.com app offers 80-plus currency pairs.
LimeFx offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between LimeFx and its clients. Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors. Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment. LimeFx is primarily a European Forex broker that launched its FX and CFD products in 2010. The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). LimeFx a part of the European Markets in Financial Instruments Derivatives (MiFID), which gives it the freedom to operate in the entire European Union under the European Economic Area (EEA) agreement.
Indicator-based traders resemble those adhering to a predetermined choreography. They utilize technical indicators, mathematical formulas applied to price data, to generate signals for entry and exit points. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
LimeFx branded merchandise such as pens, stress balls and key rings to be given out as gifts to your clients. Our support team will be glad to discuss with you our Partnership Program details or any other enquires you might have. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with LimeFx. Practice your forex trading skills or test new strategies with zero investment. ForexBrokersOnline.com aims to provide limefx official site the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. In conclusion, both price action and indicator-based trading have their merits and drawbacks.
Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Traders using the MetaTrader 4 Mobile App enjoy powerful functionality for trading Forex at anytime and anywhere on the planet.
Finding the right balance between the two approaches, tailored to your individual preferences and trading objectives, is key to success in navigating the dynamic forex markets. Whether you choose to dance to the rhythm of price action or follow the steps of indicators, remember to stay adaptable and continuously refine your trading strategy for optimal results. According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover.
Throughout the years, LimeFx managed to become synonym to trust, transparency and safety. Our solid backbone operations are a result of product filtering, service quality and world-class support. LimeFx remains committed in providing the very best for its valued clients and partners. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Fully branded landing pages available to attract potential clients depending on their trading interest. Carefully designed online brochure, providing LimeFx company benefits, trading conditions and a partner portal introduction. Our partners benefit from a full suite of marketing material and promotional tools to help them grow their business and increase their online & offline opportunities. All payouts are made on time with no restrictions or delays in withdrawals. As a regulated broker, LimeFx maintains a solid regulatory environment complying fully with financial laws.