LimeFX review 2022

The LimeFX VPS service has dedicated 24/5 customer support teams that can help new users get set up and install EAs and indicators directly to the virtual machines. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. LimeFX offers an average number of trading tools compared to other similar brokers. Overall, LimeFX offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.

LiteFinance is not a scam because it is registered per all legal requirements and regulations. The broker's compliance is subject to external audits, and many expert financial publications recommend them for providing reliable brokerage services. The Investor Compensation Fund insures all clients' funds are within the control of the LimeFX (Europe) LTD subsidiary. LimeFX (Europe) LTD, a Europe-friendly company, is a registered Cyprus Investment Firm (CIF) under the Cyprus Securities and Exchange Commission (CySEC) regulation. Clients that trade with LimeFX (Europe) LTD have their funds insured by the Investor Compensation Fund.

Company Structure

In addition to the MetaTrader 4 and Metatrader 5 platforms, LimeFX also offers a user-friendly proprietary copy trading platform. The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers. It also offers VPS hosting at a cost of 15 USD per month in addition to free independent market news and analysis from third-party provider, Claws & Horns.

• Others complimented the broker on the excellent training condition they offer traders, competitive commission, and user-friendly interface.
• Its platform connects worldwide traders to establish a successful community where they may learn from one another and leverage one another’s knowledge to achieve their goals.
• Traders receive real quotes from liquidity providers and have access to all trading instruments.
• LimeFX users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities.
• The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required.

Forex can be traded 24 hours a day, but particular geographical trading sessions depend on the market’s timezone. Specific server hours can also be provided by the customer support team, or by clicking on the instrument details within the client portal. All accounts require a minimum deposit of $50, and payments are often completed the same day.

Type of Trading Accounts on LiteFinance

Most traders who use complex trading systems and EAs always demand to use a VPS, especailly due to the convienience of being able to remotely run trading platforms 24/7. The VPS is provided by LiteFinance at a fee starting from $15 per month. LiteFinance provides the MetaTrader platforms; MT4 https://limefx.name/ and MT5 in their variations. The MetaTrader platforms are very popular with online trading because of the multiple features implemented, trading tools and extension capabilities. MetaQuotes Software Corporation; a trading software company, developed the MT4 in 2005 and the MT5 in 2010.

LimeFX’s non-trading fees are average compared to other similar brokers. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. The LiteFinance website is owned and operated by the LF Global group of companies, which include LiteFinance Global LLC and LimeFX (Europe) LTD. LiteFinance Global LLC is located in St. Vincent & the Grenadines and incorporated as a Limited Liability Company with registration number 931 LLC 2021.

Deposit and Withdrawal Methods

The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission.

I'm glad that the this broker whom I chose helps traders improve their performance and make a profit. To cater to a wide range of clients, LimeFX has two primary accounts for live trading – ECN account and Classic account. In addition to these accounts, an Islamic forex account is also available. Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 (MT4), MetaTrader 5 (MT5) and LiteFinance proprietary mobile apps.

Analysis Materials

LimeFX is now an online ECN broker with proprietary technical solutions for moving transactions to the interbank and to liquidity providers directly. Social Trading is a system for automatically copying the transactions of other traders, as well as additional benefits for more convenient and efficient trading. LimeFX.eu offers platforms available in MetaTrader 4 (MT4), MetaTrader 5 (MT5) and Lite Forex proprietary mobile apps. They are not active on social networks such as Facebook, Twitter, Instagram or YouTube. In this century, that`s a bit disappointing, because younger traders actually look for information, groups and help on these accounts.

Overall, LimeFX has a quite long history of operation and balanced trading conditions suitable for various trading styles, account sizes, and levels of experience. We should admit good analysis tools and technology solutions LimeFX provides, also costs are rather good compared to other industry competitors. We also marked a good choice of trading platforms and good technology. Overall, our experience with LimeFX remained rather positive throughout the test and we didn’t face any problems.

LimeFX Europe uses HTTPS (Hypertext Transfer Protocol Secure) data encryption inside the Personal Profile portal, which ensures safe data transfer between the client and servers. The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required. You limefx review can also get help 24/5 by clicking on the live chat logo, which is available upon login to a demo or live account. To compare LimeFX Investments Limited to FXTM, XM, OctaFX, HotForex, or FBS, traders should conduct extensive study; however, this brand has a strong history and is a reputable option.