Compare ProsperityFX vs LimeFX A Forex Brokers Comparison for 2022

It is important to find the right terms on which you can agree, and not to invest your money in vain. Therefore, many companies are trying to make an offer which will fit for all of their customers, slowing them to work in a safe and protected environment. One of those companies that will allow you to trade currencies and other goods is LimeFX, a Los Angeles, California-based Forex broker. Although it offers less rich platform than other brokers, it has a commission-based pricing model as well as comparatively low spreads, which makes it one of the best broker companies. This company will offer you a unique experience of trading, and hopefully, it will fit your needs. MT4, or MetaTrader 4 is one of the most popular trading platforms among forex traders.

• LimeFX operates a 100% agency model and does not take a position against the trader to manipulate trading activity in its favour.
• Expand your clientele base by utilising the latest technology and trading resources that is offered in the industry.
• Their LP is LimeFX so I guess your orders get matched with 1) banks connected to LimeFX liquidity pool and 2) clients of ATC, LimeFX and maybe even Deutsche Bank retail (dbfx.com).
• However, there is no option to sign up for an Islamic account directly.

LimeFX operates a 100% agency model and does not take a position against the trader to manipulate trading activity in its favour. The broker forwards clients orders to the liquidity providers where they are then executed at the best rates. The online broker could improve its educational section and offer a wider range of instruments to compete with other leading brokers, like LimeFX. Please read LimeFX Reviews below and share your live trading experiences with this broker.

Review

The corporate account is for companies and the individual account for solo traders and retail investors of bigger financial position. Visit the official website of LimeFX and click on the “Start Demo Trial” button to start demo trading that is trading in assets without making any deposits. Upon clicking on the button, you will get redirected to the Demo Trading application form. In the form, select the MT4 platform, country of residence, and currency. What makes online trading and LimeFX platform trustworthy is the reputation of the brokers.

Adjusted to include the commission fee, these numbers are equivalent to 1.3 – 1.5 pips, which puts LimeFX more or less in the middle of the pile when it comes to forex fees. LimeFX is a financial intermediary that provides trading services in forex and CFDs. https://limefx.group/ In addition to the ECN trade execution model, the company offers a user-friendly trading platform, making it more suitable for newbies. While the product range of available financial assets is limited, the broker does not have a copy trading facility either.

Since their commission is per any currency unit, not USD based, it actually makes them one of the cheapest out there. I did some very expensive, both money and time wise, MT4 broker research at the time and found them to be the best. I trade live with ATC since May 2011 and thought it is time to put in a good word.

Related software

This particular post is far from the truth, as anyone who has established a relationship with our firm can attest that we want our clients to succeed. As we are not a market maker, like most brokers in the industry, we earn our revenue from commissions. The more a client trades with our firm, the more revenue we generate. Therefore, it would be in our best interest for our clients to be successful and continue trading with our firm. As previously mentioned, LimeFX is situated in Los Angeles, California and opened its virtual doors in 2005. It’s vital for each LimeFXpany to meet regulatory requirements to be deemed a trusted and reliable forex trading firm.

I have a great trading experience with them and never had any performance issues regarding trading. Overall, never had or can find any issues and their system is stable too. Very tight spreads on major pairs, customer support is good, same goes with response times. I can trade all forex pairs, the spread is great and the response time is very satisfactory. Deposits and withdrawals work smoothly and the registration/verification is totally easy.

• The MT Pro software obtains the trading data from your account and provides a variety of report types.
• LimeFX accepts various payment modes and allows the trader to conduct the minimum required deposit and withdrawal of funds directly between the platform and the bank account.
• The trader can select from a wide variety of major indices and get access to Brent and WTI Crude Oil for capital LimeFX and various trading purposes.
• The company also provides software that will allow signal providers and money managers to distribute trade signals when it comes to executions.
• MT4 has also been optimized for mobile devices and the app can be downloaded on IOS and Android devices.
• In the US, ATC offers 40 instruments in total, including 38 popular currency pairs and 2 metals.

All of the contact options are easily found under the “Help Center”. Alternatively, for less urgent or more general queries, the site offers a detailed FAQ section, which deals with queries relating to accounts, the platform and trading in general. As previously noted, the minimum deposit required to open an account is $2,000, which our LimeFX review found to be quite high. The platform is also somewhat restrictive with its payments and withdrawals.

Despite having fewer features as compared to the desktop version, the mobile trading app can sufficiently cater to the trading needs of on-the-go users. Not to mention, the mobile trading app can limit traders to perform effective technical analysis due to small screen resolution. Clients can also view detailed reports on profit/loss, performance history, and time analysis on the MT4 trading platform. The customizable charting package and access to EA signals work best for automated trading. However, clients can’t replicate trades of other professional traders at LimeFX, since the company doesn’t support copy trading.

Thankfully, LimeFX fully understand these requirements, and it is for this reason that the company forms part of the National Futures Association. It is also a registered company limefx scam with the Commodity Futures Trading Commission. This ensures that the company is quite reliable for traders who managed to build a decent reputation within the online trading industry.

LimeFX review: Regulations, Platforms, Trading Instruments and Broker Ratings.

LimeFX is a regulated brokerage firm that gives you easy market access to trade forex and CFDs via the robust and intuitive MetaTrader 4 platforms. They have very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds. There is a good variety of trading instruments for you to choose from. You can analyse the markets in great detail with a vast array of professional trading tools to help you get the best out of your trading.

LimeFX offers competitive spreads for trading in precious metals like gold and silver. The broker platform of LimeFX allows new traders to open a demo LimeFX account and then conduct demo account trading for 60 days without making any capital LimeFX. The demo account provides traders with access to live fx market prices and enables them to place simulated trades in a risk-free market environment. The trading platform also provides an impressive array of custom software solutions for various trading purposes, including institutional trading and liquidity services for professional traders.

These are determined by the jurisdiction’s laws or policies on financial transactions, this includes everything from licensing requirements all over again. The best way to ensure you’re dealing with a reputable online agent is by checking their regulatory status. All LimeFX’ employees are subject to rigorous background checks, which means that if something goes wrong they’ll be able take necessary action before your transactions get tarnished too. The pricing for LimeFX’ UK-based trades varies slightly from that of their US counterparts, with commission costing USD 6 per lot and spreads hovering around 0.3 pips on average . According to the broker, cryptocurrencies are a relatively new asset class, and as such, they can be quite volatile. For this reason, LimeFX believes that it is important to approach them with caution.

Even if a firm has been on the scene for several years, reputations aren’t always enough to go by when investing funds. With this in mind, our LimeFX review took a closer look at the broker to ascertain just how legit it is. ATCBrokers.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews. If you are unable to solve your problems or get an answer from the Frequently Asked Questions section, then there is a possibility to contact the company´s office or join the live chat looking for assistance. Also, there is a remote support option available, which means that you need to notify one of our support representatives to help you with the connection. However, customer service is always there for you to help you deal with your potential issues.

If you have the coding skills, you could even use the platforms editor to develop your own tools. If you are not that technical, the MQL community has a freelance section that could build your own custom tools for you. The LimeFX MT4 platform can be downloaded for desktop, run directly in your web browser and be accessed through the modern trading app. I use the desktop platform for running automated systems and the mobile app for checking my trades and the latest market news whilst out and about.

The brokerage provides ECN pricing and the highly variable spreads. In the US, ATC offers 40 instruments in total, including 38 popular currency pairs and 2 metals. The instruments offered in the UK are 38 major to exotic forex pairs and 12 CFD instruments. When compared to similar brokers a viable alternative broker choice toLimeFXisLimeFX. LimeFX is a global CFD andforex brokerwith over 16 years of experience in the financial markets. With a minimum deposit requirement of $100 USD,LimeFX feescan be classed as low.

Indeed the amount is quite high, but considering a great trading opportunity might be a good option for active traders. LimeFX accept USD and EUR deposits with withdrawal requests being processed within 1 – 2 business days. LimeFX allows traders to Diversify into Contract for Difference products allowing for the opportunity to trade in the indices and commodities markets. It takes around 1-2 business days to receive the withdrawn amount in the bank account of the user. For withdrawal, the platform has to visit the My Account section to withdraw money directly to the bank account after closing the trade.

LimeFX Trading Tools

The dates may vary depending on the liquidity level and the occurrence of unprecedented changes at the exchange forums. So, there’s been a lot of inherent uncertainty about trade and renegotiating our trade agreements, and if a slowdown does arrive in the U.S. there aren’t a lot of options to deal with it. There isn’t limefx website much room left for the Fed to reduce interest rates further, and the political options aren’t easy either. On top of this, the Government is increasing its borrowing, and running into trillion dollar deficits. Throughout COVID-19, more people are trying to recover from economic hardships through forex trading.

• Therefore, it would be in our best interest for our clients to be successful and continue trading with our firm.
• Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.
• There’s also numerous articles on forex, day trading and CFDs, not to mention a demo account.
• Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.

With this, the broker doesn’t go near traders deposits for its daily operations. This means that if the broker goes bankrupt, you won’t need to worry about your funds, they should be safe, secure, and returned to clients. Below is a detailed article by professional trader, Nial Fuller, of the United Kingdom. I don’t want to make this a review of Nial Fuller or his website, but he does do a great job of explaining in more depth why using New York time is so important for any serious forex trader. I find it ironic that LimeFX will ignore a UK-based professional trader on this matter (and others!).

I would recommend any day of the week…

It is to be noted that there are no trading restrictions set in place for the broker and that the firm is not a market maker, but it provides only STP order execution. According to the FCA mandated regulations, clients’ funds are held in an account separate from that of the firm, thereby ensuring their safety. The FCSS can pay the clients up to a maximum of £50,000 as compensation. In a partnership with Beeks Financial Cloud, the firm provides VPS solutions to establish a cross-connection between its clients and their server. The PAMM and PAMM Plus software are recognised worldwide for their multi-layer payouts and ‎monitoring of account activity.

These apps can be downloaded and installed from the respective app stores. I really like the app as its interface is simple, intuitive, customisable and loaded with most of the features found on the desktop version of MT4. Trading on the go is made easy with everything you need to follow the marker prices and manage your positions. In compliance with the regulatory stipulations, LimeFX keeps your deposits in segregated bank accounts. The bank accounts are maintained in ‘Barclays Bank Plc’ which is a top-rated British Bank with over 300 years of experience and operations in 50 countries.