Harness opportunity with spreads from 0.0, commission-free accounts, and a https://limefx.group/ generous Rewards programme. 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. Our team rates Lime Fx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. Lime Fx responsibly maintains a solid regulatory framework and comply fully with financial laws as an authorised and regulated broker.
Unique Features
This commitment to security helps to instill confidence in traders who seek reliability and transparency. While the absence of additional security features could be a consideration for some, Lime Fx’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (Lime Fx) decided to build on their vast market experience to become the most customer centric forex broker in the business. Lime Fx’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy.
This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. I particularly enjoy the daily market analysis provided by in-house experts and the morning roll call, though I do feel Lime Fx can improve its research by introducing regular live streams with experts and real-time trading sessions. Lime Fx’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
EXTENSIVE RANGE OF TOOLS
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. I am satisfied with Lime Fx’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. We are also disappointed with Lime Fx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
How do you like Lime Fx?
As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with Lime Fx has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable.
- Having tested hundreds of forex brokers, I feel that the Lime Fx’s education section is fairly average, with a decent range of materials available but nothing that stands out.
- EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.
- Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.
- To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking.
- Still, I feel that Lime Fx could become a more attractive forex broker by expanding the range of tools it supports.
Start trading with a global award winning broker
There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days.
Execute trades, perform technical analysis, monitor your account activity, and access live market data all in real time and from the convenience of your web browser. At the same time, both platforms are remarkably user-friendly, making them accessible even to relatively new and inexperienced traders. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with Lime Fx. Practice your forex trading skills or test new strategies with zero investment. 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.
- This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades.
- Lime Fx brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
- Before making any trading related decision, contact a local professional financial advisor.
- 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.
- Once these steps are completed, traders can access their account and begin trading immediately.
- The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users.
Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. 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. 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. Having tested hundreds of forex brokers, I feel that the Lime Fx’s education section is fairly average, with a decent range of materials available but nothing that stands out.
MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. 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.
Lime Fx applies a spread-based fee for forex trades, with no additional forex-specific charges. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
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. Islamic traders will also be pleased that a swap-free account is available upon request. 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.
Lime Fx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. 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 scammed by limefx exploring commodity markets, Lime Fx provides the necessary tools and instruments to engage effectively in global financial markets. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered.
Depending on the scope of your trading and the assets you plan on trading, Lime Fx might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. Access to hundreds of instruments across the FX, Metals, Commodities, Indices, Stocks and Crypto markets. We have over 25 years of experience and more than 1 million clients worldwide.
