Lime Fx® A Reliable Platform for Secure Trading
Lime Fx, stands as a reliable broker committed to providing traders with a secure and transparent online trading environment. The platform prioritizes regulatory compliance and responsible trading practices. limefx broker reviews ECN XL, also known as the ZERO account is one of the most cost effective trading accounts.
If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. But there is 0 dongs and whistles, so, again, not everyone might like it. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Besides the very frustrating withdrawal charge, Lime Fx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
Forex Fees
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. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- It’s a good broker for intraday trading because trading conditions allow to earn on every move.
- Compare Lime Fx with the top 3 similar brokers that accept traders from your location.
- It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features.
- It’s good to know that your funds are safe and sound while you trade.
MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader. The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Platforms & Tools
I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
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. In the vast landscape of forex brokers, Lime Fx has established itself as a prominent player, known for its commitment to transparency, limefx reviews advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define Lime Fx as a brokerage choice for traders seeking precision in the forex markets.
Lime Fx emerges as a reputable option for traders seeking a secure and regulated trading environment without engaging in speculative trading activities. The platform’s emphasis on compliance, diversified offerings, and support aligns with responsible trading practices. Lime Fx provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. 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.
Is Lime Fx a regulated platform?
Most traders are unlikely to require additional assistance unless of an emergency. Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs.
Using MQL4 you can build-up your own library of custom indicators, scripts and function database. 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.
Lime Fx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Lime Fx offers traders the core MT4 trading platform without third-party upgrades. 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.
These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features. Lime Fx operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. Lime Fx is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and Lime Fx is transparent about its products and services.
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. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. Lime Fx has unusually competitive dealing spreads that you can gauge by opening a free demo account. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. Lime Fx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.
I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. Accessing the MT4 app through an Lime Fx account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. 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.
This commitment to security helps to instill confidence in traders who seek reliability and transparency. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.