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LimeFx Account Types Cent, Pro, ECN

is LimeFx an ecn broker

The cTrader is suitable for Forex traders with advanced trading experience. Additionally, MetaTrader 5 provides users various asset classes, multi-fiscal, money market insights, and six different order types for pending market orders. The cashback rebates offered in the VIP program of LimeFx are up to a 40% payout percentage. Moreover, there are no restrictions as there are VPS server accessibilities. With the VPS server conformities, a single exchange on LimeFx does not have any limits from the previous calendar month. The table below compares the costs of trading one lot of EUR/USD with LimeFx vs. similar brokers.

  • There is also an additional loyalty program of up to 20% from the entire amount of affiliate commission.
  • Check out our cTrader broker comparison for a list of forex brokers that use the cTrader platform.
  • In partnership with Claws and Horns, a respected market news aggregator and publisher, LimeFx provides a constant stream of news that impacts the markets.
  • FSC (Financial Services Commission) is a Belizean regulator of the financial services market of the international level.
  • When trading with an ECN broker, you trade directly on the network of banks and financial institutions which provide liquidity.

It really depends on how big those commissions are and what your trading budget is. In other words, ECN brokers are likely not suitable for small trading stakes, as your potential profits will get eaten away by a flat commission fee. In a nutshell, when it comes to the trading of foreign currencies, the focus is to make as much profit as you can, and as often as possible. Firstly, we have STP brokers; which stands for ‘straight-through processing’.

LimeFx Fees Explained 💸

With the multi-asset R Trader platform, users get the opportunity to take their market exchanges to a whole new level. With log-in access into the Member’s Area of LimeFx, traders can handle their accounts, assets, and LimeFxs all in one place with seamless functionality. To open an account, the user needs to comply with IFSC verification checks. Last year, LimeFx launched the Sponsored VPS program for its clients working via MetaTrader 5 trading platform.

The “Training” tab at LimeFx.com offers a free video course with 16 videos that might well “wow” some experienced Wall Street trader’s book. Just look at such lesson titles as “Stock Selection in the Reporting Season”, “Trend Shaping and Classification Rules”, “Basic Rules for Swing Positions”. This allows us to talk about free training at LimeFx as a minimum, claiming to have a high-quality and professional education in trading. LimeFx provides three primary trading accounts, including ECN, Cents, and Standard. Standard accounts offer two different formats, including Pro-Standard and Fix-Standard.

R Trader

Compared to other brokers, LimeFx’s account opening process is fast, fully digital, and hassle-free and accounts are ready for trading immediately. LimeFx’s account-opening process is seamless and hassle-free compared to other ECN/market makers, and accounts are available for trading immediately. While LimeFx does not charge a fee for deposits it charges a limefx forex broker commission on most withdrawal methods (click here for more on deposits and withdrawals). For example, a fee of 2.6% + 1.3 USD/2.6% + 1 EUR  applies to withdrawals by credit card or debit card. However, traders should be aware that spreads are variable at LimeFx, which means that they will get wider or tighter depending on trade volume and market volatility.

Additionally, the user can access a private VIP manager to assist them with their trading pursuits. The LimeFx offers the R Trader platform, an excellent trading ecosystem, for a host of trading styles for investors. LimeFx also won the Best Partners Programme at the GLOBAL FOREX AWARDS in 2022. Margin requirements vary by trader, account, and instrument, as they do with most brokers.

is LimeFx an ecn broker

So if you adhere to using high leverage levels with the purpose to maximize your gains, LimeFx definitely will assist you. Leverage may increase your potential gains timely through its possibility to multiple initial accounts, yet make sure to learn how to use leverage correctly, as leverage may increase your potential losses too. LimeFx is a regulated broker by the FSC license, which means that it can be considered a reliable and socially responsible broker. FSC Belize follows the international AML (Anti-money laundering) policy. LimeFx offers an average range of base currencies compared to other similar brokers. However, client accounts will be archived if there is no balance and the account is not used for more than six months.

LimeFx Leverage

LimeFx is a market maker broker with a wide variety of accounts, including ECN options. It offers excellent trading conditions, with low minimum deposits, low commissions, and tight spreads on its ECN accounts, and average trading costs on its commission-free accounts. It also provides support for numerous trading platforms, including MT4, MT5, c-Trader, and R-Trader, and a host of trading tools. LimeFx broker offers a range of assets for trading, the total number of which is more than 12,000 trading instruments.

We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g. Skrill and AdvCash add on a 1% processing fee, while Visa withdrawal adds 2.6% +1.3USD. However, of course, make sure to verify margin requirements and conditions for the instrument you are willing to trade, as at some point $10 simply may not be enough for your strategy.

Review and Compare Brokers and Providers…

The regulator ensures that only the most reliable and socially responsible companies receive the license to operate within Belize and beyond. The bonuses offered have always attracted many beginners, it is not surprising that from year to year new clients of this broker increase. This is also the deposit bonus available when the trader fills out the deposit form, https://limefx.name/ with bonus variations of 25%, 50%, 100%, or 120%. The bonus cannot be withdrawn, but profits can be withdrawn by completing a certain trading volume. The welcome bonus is for those who are eligible to receive it as a new client. And to get the bonus a minimum deposit of 10 USD/ 10 Euro/ 60 CNY using China UnionPay, Maestro, MasterCard, and VISA cards.

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MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools. Customers particularly praise the broker’s quality of services, stable execution, and fast funding/withdrawing. They allow clients to trade various assets, including Gold, Indices, Stocks, and Crypto. They pass orders from traders directly to liquidity providers in the market.

Compare the trading fees below to understand better how leading ECN accounts compare. While LimeFx isn’t a True ECN broker, they offer an ECN environment pricing model. Based on our research, we found that LimeFx offers educational and analysis features together with research tools and materials that are especially essential for beginners. LimeFx keeps its clients’ funds separate from the Company’s funds, thereby guaranteeing that they are protected from unlawful use.

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These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time. Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. LimeFx also stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites such as MT4, MT5, and cTrader in addition to its intuitive and easy-to-set up R-trader. LimeFx offers four live CFD accounts with a minimum deposit of only 10 USD.

Its focus is on developing trading offerings with innovative technology solutions and modern tools for trading. On the flip side, the trading fees may vary depending on the platform used and the account type, which might seem comlex. However, the company’s website contains detailed information on its conditions, enabling the analysis on your own.

is LimeFx an ecn broker

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. Yes, LimeFx offers Islamic accounts which are compliant with Sharia law and are Swap-Free accounts. As part of the affiliate program you can get up to 70% from the broker’s profits with instant commission. There is also an additional loyalty program of up to 20% from the entire amount of affiliate commission.

is LimeFx an ecn broker

If you deposit less than $300 into your account, you will get up to 25% of Profit Share Bonus. LimeFx has one of the highest numbers of deposit and withdrawal methods we have seen in the Forex industry. Besides credit and debit cards like Visa and Mastercard, they accept niche bank cards like China UnionPay as well. Established in 2009, LimeFx LTD is a member of limefx scam RoboMarkets/LimeFx Group which includes RoboMarkets LTD and RoboMarkets LLC. The group experienced an extraordinary growth rate, as seen in 1,000,000 clients who entrusted their funds to LimeFx. It doesn’t stop there, the broker adds a layer of protection in the form of LimeFx category A membership with The Financial Commission operating outside Hong Kong.

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