Lime Fx Review 2024 A Must Read Before Opening An Account

I do feel slightly let down that the Lime Fx demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. 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 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. Traders can make use of the MetaTrader 4 platform at Lime Fx.

When I opened trading account with…

These combine well with Lime Fx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, Lime Fx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. Lime Fx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Withdrawals at Lime Fx 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.

leverage here is up to 1 to 500.

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. Lime Fx offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool.

Forex Trading Platforms

As for me, Lime Fx is a great broker specifically for scalpers and traders that cherish the tightness of spreads. The pricing on the assets and execution are very appealing.But for other types of traders this broker wouldn’t be so beneficial. Mostly because limited asset classes https://limefx.group/ and no opportunity to eliminate the swaps rather than islamic accounts. And I mean it in the most positive way.It provides the most favorable trading conditions to the customers for many years. Namely more than a decade.I think there are still things that they can do better.

1. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking.
2. For example a bank transfer involves a fee, which makes no sense to withdraw small amount.
3. 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.
4. On top of that, the broker provides really poor educational resources which is a huge stumbling block for beginners specifically.
5. These customer service agents will help you figure out any issue you have.

Does Lime Fx trade Cryptocurrencies?

You can also access the Lime Fx MT4 platforms on Android and iOS smartphones and tablets. Lime Fx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. For a final thought, we see Lime Fx as a company that gives an opportunity to engage in trading with the STP/ ECN model and quotes provided directly by the liquidity providers.

Lime Fx minimum deposit

Lime Fx does not charge a commission per trade while all costs are presented by the spread from 0.1 pips. You may refer to the current comparison of spread for the most traded instruments, as well as compare Lime Fx spread to another popular broker BlackBull Markets. I really started to like this straight through processing thing.

Lime Fx Demo Account

The MT4 platform is available in desktop, web, and mobile versions. I use the desktop platform for running automated systems as it is the only version which can. The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.

My experience was very good so far (4 mnths)The first withdrawal was on bitpay, money came in time…I like the personal account where you have clear statistics… I have working with Lime Fx for more than a week and I think that it a decent solutions for scalpers and any type of intraday traders.The spreads is quite competitive. Lime Fx provides access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their user-friendly interfaces, advanced trading tools, and support for automated trading through Expert Advisors (EAs). Additionally, Lime Fx employs robust security measures to safeguard client information and funds.

No one will block your account for ultra-brief trades.The second one is fees. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only.

For instance they can expand the number of deposit methods. However, if you want to work with the credible broker, then I can see no better. There are a few features that indicate that Lime Fx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection. I love their order execution and ecn xl acc which has rather tight spreads $0 trading commissions.

Everything looks fine and I like broker’s conditions, so i decide to make a deposit. The only issue i had was due to using Metatrader 4 trading platform, its mobile version to be exact. The executed order showed up in history book after several seconds and that puzzled me a little, but i think that limefx was because my phone is 7 years old, so gotta test it. Lime Fx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers. MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface.

Yes, FXC is regulated by Cyprus Securities and Exchange Commission (CySEC) company considered low risks trading broker. 90usd for fees and exchange to canadian dollars is too high. I can say that my experience with the broker is positive, although I trade here for a bit more than a week. Theres hugue adnvantage in trading in this brokers platform.

Our broker ratings are also informed by the experience of our researchers during the evaluation process. Lime Fx understands the significance of trader education and market analysis. To empower its clients with knowledge, the broker offers a range of educational resources, including webinars, tutorials, video lessons, and articles. These materials cater to traders of all experience levels, helping them enhance their trading skills and understanding of the markets.