On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method.
Lime Fx’s non-forex asset list is less competitive, with the lack of shares a limefx reviews notable exclusion and very few other markets. 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 Lime Fx is behind the competition here. I am happy with the selection of fee-free funding methods accepted by Lime Fx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.
This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. There are no commissions and tight spreads sourced directly from liquidity providers. While testing Lime Fx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.
Lime Fx applies a spread-based fee for forex trades, with no additional forex-specific charges. Lime Fx does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. I rate Lime Fx’s customer service as top-notch in terms of responsiveness and speed. The multilingual 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. Our team is happy to see that Lime Fx does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable.
- The design facilitates efficient trading and access to information without promoting speculative trading behaviors.
- ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
- Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance.
Demo Account
Yes, Lime Fx operates under strict regulations to ensure compliance with financial authorities and maintain a secure trading environment. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function limefx scam database. Lime Fx brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
Simple and Streamlined Process
Lime Fx stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, Lime Fx provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. While Lime Fx does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, Lime Fx provides the necessary tools and instruments to engage effectively in global financial markets.
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ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. Lime Fx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size.
Versatile Broker with Competitive Spreads
The design facilitates efficient trading and access to information without promoting speculative trading behaviors. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Having tested hundreds of forex brokers, I feel that the Lime Fx’s education section is fairly average, with a decent range of materials available but nothing that stands out. MT4 ultimately gives me the flexibility I need to analyze the foreign exchange market, with 9 time frames ranging from 1 minute to 1 month, 30 integrated indicators, plus 2000 free custom indicators and 700 paid options.
The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.
The platform prioritizes regulatory compliance and responsible trading practices. Yes, it is possible to have a profitable strategy when trading with Lime Fx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. Lime Fx 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. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. With fast processing times and no deposit fees, Lime Fx makes it easy for traders to manage their funds efficiently. Lime Fx ensures a user-friendly interface, allowing traders to navigate the platform easily.
The $0 minimum deposit also makes the forex broker accessible for new traders. Whether you are facing technical issues, account-related queries, or need help with your trading platform, Lime Fx’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes Lime Fx a solid choice for traders who prioritize responsive and professional support.
Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency. While the absence of additional security features could be a consideration for some, Lime Fx’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. Lime Fx is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, Lime Fx provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options. Lime Fx 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.
As with any financial transactions, the security of the information being transmitted is of fundamental importance. The Lime Fx MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, Lime Fx also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time.
With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. Lime Fx provides responsive customer support to assist traders with inquiries or technical issues without promoting speculative trading practices. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Still, I feel that Lime Fx could become a more attractive forex broker by expanding the range of tools it supports. 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 online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. Lime Fx offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero.