ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. 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.
We have not experienced any security concerns during our many hours using the trading platform. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. Lime Fx’s investment offering is excellent for forex traders but weak in other departments. We use dedicated people and clever technology to safeguard our platform. Lime Fx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA.
Overview of Trading Platforms
They seem to me quite helpful as due to them you start feeling the market and almost imagine how a perfect trading strategy should look like. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. The swift online application at Lime Fx requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since Lime Fx is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step.
Trading Platforms:
In fact, I was scared to be full-time freelancer but I decided to learn anyway. I was choosing a broker quite a time and chose Lime Fx because ratings and reviews are mostly 4,5+. Traders inspired by trading conditions, but i want test it myself. I know from experience that any company that provides some services always describes them as better than they really are.
- I was looking for a reliable broker with low floating spreads.
- So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.
- Here I have a totally different situation – I practically do not notice any spreads or commissions…There is also one more detail that is very important to me.
- The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lime Fx transparently displays on its website.
- I find Lime Fx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
- Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
Commissions/spreads
Lime Fx has several advantages that may be of interest to a wide range of private investors.First of all it is scalping opportunity. No one will block your account for ultra-brief trades.The second one is fees. There is much written about the ECN XL account they have crafted and its reputation as one of the best account types is well deserved. This had bringed me to Lime Fx in the first place.Yesterday I registered an account on this platform and I was surprised that even a deposit bonus is available. It can be a great boost, especially for traders like me with limited funds.
Can You Make Money Trading Forex With Lime Fx?
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. This makes the broker a worthwhile limefx broker reviews option for serious forex traders who will also enjoy the VPS service and MT4 support.
Lime Fx Deposits and Withdrawals
The speed of transfers varies according to the payment method used. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like Lime Fx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. Lime Fx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. This is a broker that I find to be more than just decent.
This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. 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. 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. Unfortunately, it’s impossible to test a broker you’d like to trade with by simply viewing user feedback.
Most traders limefx are unlikely to require additional assistance unless of an emergency. Lime Fx ensures swift access to all clients who need support. Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.
They have been established over a decade ago, so it they’re not going anywhere pretty easily. It establishes a transparent environment for trading with minimal interference from the broker.it is also a very budget friendly platform, which is another great advantage for a lot of traders out there. I have no other options of remote job and I chose forex trading.
Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. 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. Lime Fx’s stop-out kicks in when your margin level drops to 50% or lower.
The broker has so appealing terms and conditions for trading. I think it’s one of the most lucrative forex brokers I’ve ever seen.It doesn’t mean that it has no flaws though. For example I don’t like the commission for withdrawals.
Both platforms are available on desktop, web, and mobile devices, allowing you to trade on the go and monitor your positions anytime, anywhere. Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. New traders should start with the eight Forex Basics articles. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
Lime Fx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, Lime Fx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes Lime Fx more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. For me it’s really an optimal solution, because I am a scalper and even a trader with several days experience will tell you how it’s important for scalpers to have seamless execution!