They’re most commonly reserved for new traders and come with a string of terms and conditions around how you can trade it and when you can withdraw your profits. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading limefx reviews platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
Welcome No Deposit Bonus – Alpha Markets
One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFx platform.
$30 USD Welcome No Deposit Bonus – Digi Trade
The LimeFx brand is authorized and regulated in multiple jurisdictions worldwide. Regulatory Authorities under which LimeFx fall include The Cyprus Securities and Exchange Commission (CySEC) and The Vanuatu Financial Services Commission (VFSC). Additionally, LimeFx offers its clients Negative Balance Protection and all client funds are held in truly segregated funds.
Fees & Costs
Usually, Forex Broker funds money into their client’s account under this promotional offer to make them a real feel of live trading. Some of them allow to withdraw profit without any restriction; many others put some conditions to withdraw profits or bonus itself. 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. As aforementioned, there are no commission or deposit fees required with this broker.
$30 USD No Deposit Bonus – Oroku Edge
It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. LimeFx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
The LimeFx bonus is structured as a +100% first deposit sign-up, welcome bonus program. A Trader can deposit up to $2000 USD to earn a deposit of up to R29’500 ZAR. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users.
We are going to outline these criteria first and then expand on the subject. As you may have guessed by the name, a forex no deposit bonus requires absolutely zero up-front investment on your behalf to start trading on a live account. Well, I was a little confused by fact that this broker doesn’t allow me to choose trading conditions but offers only one available option.
LimeFx offers traders the core MT4 trading platform without third-party upgrades. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.
With so many potential traders all over the world, this also means a plethora of different forex brokers all competing for their clientele. Now comes to the most important section of our conclusive guide to forex no deposit bonuses – Discussing the process around withdrawing your trading profit. As forex trading is as much a psychological battle with your mind as it is a battle against the markets, a no deposit bonus allows you to learn how to control your emotions in a live environment. With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. 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.
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. LimeFx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. This average customer rating is based on 16 LimeFx customer reviews submitted by our visitors.
These leading options give you a real taste of casino entertainment and even potential payouts without risking any of your funds first. Rounding off our list is Winz.io, a newcomer making huge waves by offering passionate gamers a premier blockchain-powered casino experience. Though a relative baby in the space, they prove size doesn’t matter with their epic 55 free spins no deposit signup bonus – another one of the largest initial freebie gifts going.
- Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
- Also, love that company does not force its clients to switch to MT5, I personally like MT4, so thanks for this.
- From here, they can offer financial incentives that are not permitted by respected regulators in jurisdictions like Europe, Australia and the UK.
- The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
- There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news.
- I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it.
Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive https://limefx.biz/ than the average of around 0.3 pips at Fusion Markets, for example. Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method.
I always recommend that traders check them before evaluating the total trading costs. LimeFx shows clients how to obtain the most up-to-date rates, a step many brokers omit. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.
Remember, a forex no deposit bonus is designed to get you to develop a long-term relationship with your broker, not to take advantage by ripping them off and withdrawing your money, never to be seen again. With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call. These tools provide insight into trading Forex, keeping traders up to date with the latest trends. Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week.
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