To trade on the Lime Fx platform a trader doesn’t need to pay any commission fees, deposit fees, or account platform fees. Moreover, when it comes to deposits a trader can start trading with any amount since there’s no fixed rule on depositing a certain amount. And in our perspective, the “no fixed deposit amount” is one of the finest features of an Lime Fx broker. A MetaTrader 4 platform is mostly used and it is the most origin trading platform since the beginning of forex trading. The platform MT4 has many helpful tools like mobile trading, algorithmic trading, support in different devices like android, pc, tablet, and apple devices, a flexible trading system, and wide technical analyses. On the three most popular currency pairs- EUR/USD, USD/JPY, and GBP/USD, Lime Fx offers in-house research.
- By doing so, we aim to create an optimized trading environment where the incurred costs are minimized, allowing traders to maximize their potential profits and maintain robust financial health.
- There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts.
- Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive.
- User experience goes high when they find trading spreads starting from 0.0 pips on some assets.
The World Best Trading Account
While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. One of the most ignored trading costs is swap rates on leveraged https://limefx.biz/ overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Lime Fx Customer Service
Certainly, to use the Islamic or swap-free account a trader doesn’t need to pay any charges. So if you are a resident of any Sahara law-based Islamic county then you can request a swap-free account. But bear in mind that only Lime Fx can decide whether they will allow you to use the swap-free account or not.
Unrivaled Transparency and Competitive Spreads
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. This average customer rating is based on 7 Lime Fx customer reviews submitted by our visitors. Compare the markets and instruments offered by Lime Fx and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
Platforms & Apps
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. 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. Lime Fx presents a plethora of advantages including premier trading conditions, instructive educational tools, and the incorporation of the renowned MetaTrader 4 platform.
Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time. Traders are lavished with a unique concoction of premium services and low-cost trading solutions, rendering the ECN XL Account as the unanimous choice for traders around the globe. We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services. We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all.
Lime Fx’s ECN model provides individual traders with direct access to ‘interbank level’ bid/offer spreads on leading currency pairs. Still, I feel that Lime Fx could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. 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. 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.
Our experts however cannot recommend this broker over others from our trusted list. In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts. These are unequivocally distinct from any and all Lime Fx corporate accounts, a measure that fortifies the integrity of our clients’ assets and builds an enduring foundation of trust and reliability.
If you have traded with Lime Fx we would really like to know about your experience – please submit your own review. Lime Fx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to limefx be stable and reliable during testing. 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.
Lime Fx is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. Lime Fx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. Regarded as the most popular trading platforms globally, MetaTrader 4 allows traders to apply their expert advisors and algorithmic trading methods as ‘plug ins’ into their platform to adjust and perfect their trading plans.
If you hover over the Lime Fx website then you will notice that Lime Fx is only solely dedicated to ECN XL account type. And ECN XL account is the number one choice voted by traders and industry professionals. These highly competitive leverage offerings are best for the traders to know clearly how to manage risk since this also ends up providing a trading edge. The broker was established in 2010 and until today it has achieved a decade of trading experience and we have noticed a deliberate afford from the broker’s end towards offering the lowest fees and easiest trading services. Lime Fx was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.