Forex Trading the Best ECN Forex Broker, Currency Trading Online - Daddy Tv

This means that they should understand exactly what we need as traders. LimeFx Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. Users will like their experience https://limefx.biz/ with this broker because it charges very few fees. There are no commission fees, nor is there a minimum deposit, and spreads start at 0.0 pips for some assets. These cost-saving features, combined with the 24/5 customer service, make “user experience” high on the LimeFx priority list.

There is much written about the ECN XL…

First and foremost, LimeFx broker has proved its competence as a mediator within certain period. I mean, it has a history full of milestones and awards, so it indicates broker’s reputation in the trading circles and, of course, reliability. Finally, the company’s commitment to helping traders gain new knowledge and then apply it on practice is also notable. I usually check their daily technical analysis and take advantage of some articles published in traders corner blog.

Traders #1 ChoiceECN XL Account

Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia. A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. 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.

Take Control of Your Trades

One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method.

However, due to European regulations, this bonus is not available for clients from the EEA. I do feel slightly let down that the LimeFx demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. 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.

In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus. Clients can trade using a Virtual Private Server, which LimeFx says can give them three main advantages, including accessibility, security, and speed. LimeFx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.

If you are just getting started on your trading journey and need guidance along the way, Fortrade is a broker with lots of educational resources. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal.

The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date. The mobile trading app is perfect for taking the markets with you in your pocket. It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time.

ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. I rate LimeFx’s customer service as top-notch in terms of responsiveness and speed. The multilingual limefx website 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.

You can practice your forex trading skills or test new strategies without making a financial commitment. LimeFx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers. MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface.

I like LimeFx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFx simple for beginners. 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.

Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LimeFx is behind the competition here. LimeFx does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. Traders with live accounts can request that LimeFx set the demo account to non-expiry. 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.

1. All in all, this set of conditions led me to where I am – to LimeFx broker.
2. LimeFx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size.
3. LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker.
4. The LimeFx ECN XL Account comes fully packed with all the features that can be expected from an ECN/STP Broker.
5. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.

LimeFx Introducers earn according to the trading activity of their clients, based on the volumes they generate. For each lot traded on their client’s account, LimeFx issue a compensation immediately available for withdrawal in the Introducer’s rebate account. Overall, LimeFx provides three different account types that do not require a minimum deposit amount in order to open. If you have any questions about our products or services, or you’d like help opening an account, please feel free to get in touch with us. Also, love that company does not force its clients to switch to MT5, I personally like MT4, so thanks for this.

LimeFx has gathered together a team of knowledgable specialists to provide any assistance new, or experienced traders require when either setting up a new account, or to advise on issues concerning trading platform configuration. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. On the other hand, if you already have some experience then I don’t think you will learn anything new. The broker also does not conduct seminars, webinars or podcasts. They also do not have frequently updated market analysis which could help gives us some further market insights.

Though LimeFx provides only one account type and one platform, the ECN XL is a pretty strong offering that will work for traders of all experience levels. LimeFx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. There are several reasons why I eventually joined this broker back in the day.