For pragmatic traders seeking simplicity and efficiency, Lime Fx delivers a straightforward trading environment backed by regulatory protection. However, traders requiring advanced analytical capabilities may find the offerings somewhat limited compared to premium brokers. Lime Fx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.
Because of their standing as a super discount broker, it would be unreasonable to expect Lime Fx’s research suite to stand up to a research-heavy broker like Fidelity. Additionally, this broker is more marketed to the self-directed trader who likely has their own research sources they pull from. With that being said, Lime Fx’s research offerings are very weak compared to the rest of the industry. Anyone can access a demo of their trading platform at demo-trading.Lime Fx.com without an account or application. Lime Fx is a discounted brokerage firm founded in 2010, designed for the value-focused trader.
For me it’s strong 10/10, because I’m tired of overcomplicated platforms and this one is exactly what I wanted to find.
This means clients can lose more than their account balance if the markets move against them. MetaTrader 4 is offered with Lime Fx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. Lime Fx offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. For example, they offer over 30,000 stocks andmore than 90,000 option assets. Please note that full access to all assets isavailable on the MT5 account.
However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines.
🏆 Top Rated Services 🏆
Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
Deposit and Withdrawals
These resources provide sufficient support for basic to intermediate trading approaches, though advanced traders may need external research sources. The broker does not offer bonds or options trading, and its cryptocurrency selection is relatively limited compared to specialized exchanges. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for.
- Lime Fx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions.
- The account opening process is designed to be efficient and user-friendly.
- Lime Fx was founded in 2007 and obtained its CySEC license in 2015.
- Contact us directly for further inquiries about our products and services.
Lime Fx Review
- This diverse offering allows traders to access multiple markets and implement various strategies.
- Funding is immediate for most methods, with the exception of wiretransfers.
- Different account types are available for different trader types.
- The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.
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. The results from our assessment show that Lime Fx is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace.
Geographic restrictions apply, and the deposit and withdrawal screen will only list the ones available to traders. Traders should consider potential currency conversion fees and third-party payment processor costs. The name on the payment processor and Lime Fx account must match, as third-party payments remain prohibited by AML rules.
With this in mind, Lime Fx isn’t the best forex broker for new traders in our view. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. The key benefits of this system are the tight spreads and fast execution speeds, which come in as limefx review low as 50 ms based on our evaluation.
A few more alert tools would be a nice addition, but overall the service is well-suited to active FX users. With more than 20 deposit and withdrawal options, it’s easy to top up accounts on J2T. Deposit options like Skrill, PayPal, Giropay, Neteller, OXXO, and Klarna all come with 0% commission, and only a bank transfer is charged at the fee listed by the bank itself. No deposit or withdrawal fees are charged by the broker itself, though third-party payment providers may apply their own charges.
I tested the MT5 Global account, where Lime Fx notes raw spreads from 0.0 pips for a commission of $2.00 per lot. Lime Fx was founded in 2007 and obtained its CySEC license in 2015. It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit. My review did not uncover misconduct, scam, or fraud, and I confidently rate Lime Fx as a legit and safe Forex broker.
The platform even provides an API to connect existing trading systems. For traders prioritizing regulatory protection, platform diversity, and multi-asset access from a single account, Lime Fx offers a compelling package. Those requiring specialized features for advanced strategies might consider more focused alternatives.
Contact us directly for further inquiries about our products and services. Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently. All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. While Lime Fx advertises 24/7 support, some users have reported occasional delays in response times. The verification process typically limefx scammers takes 1-3 business days, depending on the accuracy and completeness of the submitted documents. Agree to the platform’s user terms and proceed to the next step.
In the end, I realized that this site is suitable for my serious plans and I was not mistaken. In the first month I got used to trading and made my own profit. A huge plus is that there is a mobile application and if anything, I have the ability to follow on the road or somewhere far from home. Additionally, traders from certain countries may face restrictions in accessing Lime Fx’s services. If you reside in a prohibited country, you will not be able to open an account or access Lime Fx’s trading services.