You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. As a trader, you will find a range limefx scammers of features available at Lime Fx to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an Lime Fx trader. Unlike most brokers, Lime Fx does not charge any kind of inactivity fee.
In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts.
Lime Fx is committed to providing a secure and transparent trading environment for its clients. The broker operates under multiple regulatory frameworks to ensure compliance with international financial standards. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union. Lime Fx Markets Ltd. holds an International Brokerage and Clearing House License, further enhancing its credibility.
Where is Lime Fx based?
Lime Fx offers a wide variety of trading tools designed to assist traders in making well-informed decisions. These tools are geared toward both beginners and advanced traders, providing a comprehensive suite of options. Additionally, cTrader offers an integrated community chat feature, allowing traders to share trading ideas and insights.
- This is rather a limited selection compared with other top brokers.
- The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours.
- This is $50 minimum deposit within the EU with the account being available worldwide.
- Lime Fx has integrated platforms such as MetaTrader, which provides a no-frills, low-cost trading experience, focusing on transparency and favorable trading conditions.
- Overall great value with a choice of more than 70 assets to trade.
The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the Lime FxTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. Lime Fx gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’. All the background materials are of high quality, and the videos are supported on YouTube. The cTrader platform will give you STP access and offers some of the tightest spreads in the market.
So, these values aren’t as reliable as prices with a specific date. Overall, Lime Fx has improved its prices and seems to be competitive with the cheapest MetaTrader brokers. But without knowing the time frame for its average spread claim, we couldn’t make an exact comparison. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. The cashback rebates and affiliate programs demonstrate Lime Fx’s commitment to adding value to its clients. Their VPS offering for forex traders highlights Lime Fx’s focus on accommodating automated trading, which is becoming increasingly popular among forex traders.
The broker has also been operating for 12 years, which is a strong signal of safety in my book. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
The account is available on both MT4 and MT5 trading platforms, and comes with market execution. Lime Fx is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, Lime Fx offers impressive customer support to assuage any potential challenges traders might face. Lime Fx supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces.
- Traders get 21 timestamps, graphs, and support for additional order products.
- The trading interface of Lime FxTrader is quite unique, it presents users with extended functionality.
- Lime Fx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total.
- 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers.
Lime Fx Broker support and customer services
We couldn’t leave this review without highlighting some areas where the broker could improve. The best part is that most of the content is free of charged and can be viewed on the firm’s website. So, if you’re a beginner, why not give yourself a leg up before going head first into the world of trading? If you need some support outside of the hours or would prefer to get a quick answer yourself then there is an FAQ’s page with a range of relevant questions and answers. Though, if possible, seen as the team is so quick and efficient you might be better off just reaching out to them first thing. Any heavy technical analysts out there can create customizable charting indicators through the developer network.
Assets & Leverage 📂
This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. https://limefx.club/ Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. The account base currency is that which you trade in with the broker. These are, EUR within the EU, and both EUR, and USD for traders outside the EU. This is rather a limited selection compared with other top brokers.
How Can I Deposit & Withdraw Money? Do I Get An Lime Fx Bonus? 👷♂️
Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below. The broker has its proprietary trading platform known as Lime FxTrader, which operates on web and mobile versions. In addition to this, Lime Fx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders.
Alerts and each executed order are notified through browser notifications. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. Periodically, Lime Fx offers the Lime Fx Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.
Yes, Lime Fx offers Islamic trading accounts, making them available to Muslim traders. Lime Fx provides a specialized VPS (Virtual Private Server) service for UAE forex traders. This value-added feature enables traders to run their automated trading strategies 24 hours a day, seven days a week, without relying on the availability of their devices.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Founded in 2011, Lime Fx (formerly Lime Fx) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus).
Lime Fx may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. Dear Krishnakumar Kummari Ramulu Ku, Thank you for the excellent star rating! We’re thrilled that traders like you prefer Lime Fx over other investment platforms.Our team remains committed to providing top-tier trading services and the best possible experience.