Here we will introduce each account type and compare the spreads. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads. In addition, leverage for trading currency pairs is quite large. And thirdly, broker provides a wide range of financial instruments, including currency pairs.
Lime Fx Lower trading fees
Lime Fx provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads. However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.
The mobile offering also comes with the Lime Fx Research app which gives users an overview of the financial markets and major news events. The accounts of EU traders are protected up to EUR 20,000 via the Investor Compensation Fund (ICF) of Cyprus. In addition, they offer a PMAM platform for traders looking to manage multiple accounts. Social trading is also supported, although only via third-party solutions like Sirix Social WebTrader and the Myfxbook AutoTrade platform.
Trading Platform
- The Lime Fx VIP Account is tailored for professional traders who require top-tier trading conditions.
- After verification, Lime Fx will process your request and confirm the account closure.
- This ensures traders do not lose more than their initial deposit.
- Lime Fx offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements.
- Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY.
Consider transaction costs and other factors when making your selection. Lime Fx offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. Traders can choose between fixed-spread and floating-spread accounts. The product brands that can be traded depending on the account type vary depending on the category. Basically, all accounts can use currency pairs, stock indexes, precious metals (gold), and energy.
- In addition, leverage for trading currency pairs is quite large.
- For any withdrawal problems, contact customer support on one of the channels described further below.
- In general, you should start with the minimum amount of capital to avoid any problems.
- They are ideal for algorithmic testing, allowing traders to evaluate strategy performance in a real-world trading environment while minimizing potential losses.
The operating company has a long track record, and investors can check the details of the stocks officially. It has been significantly upgraded and has a wide range of stocks, making it a global exchange. We remain committed to offering competitive conditions and superb services which are recognised by the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by Lime Fx and its competitors.
The system is highly in demand, so there is demand for it in Japan as well. The Micro Account requires a minimum deposit of $100, the Premium Account requires $1,000, and the VIP Account starts at $10,000. If you need help, just contact our customer support at or use the live chat in the bottom-right corner. The trading platform has been very convenient and easy to navigate. I also love how cost-effective this platform is, the broker has beginners in mind. An account manager is available with all of Lime Fx’s trading accounts.
Offers an unusually broad variety of trading account types that should suit most traders, and traders can register multiple account types. All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline. All of the accounts currently supported by Lime Fx allow dealing in minimum lot sizes of 0.01. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.
The platform’s performance can be enhanced with the MT4 Advanced add-on. The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading. My live tests demonstrated that Lime Fx charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably.
Lime Fx Social Trading Review
In general, you should start with the minimum amount of capital to avoid any problems. After submitting your personal details and verification documents, your account is usually ready for trading within 24 to 48 hours. You will need to provide a valid ID (passport or driver’s license) and proof of address (such as a utility bill) to complete the KYC verification. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Another perk for scalpers is the one-click trading feature available on MT4. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute. Lime Fx provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. As the name suggests, the STP/ECN Zero Fixed Account has a fixed spread of 0.
How long does it take to withdraw money from Lime Fx?
Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.
The maker fee for exchange transactions is as low as 0.20%, while the taker fee is as low as 0.28%. Those fees tend to be higher than average among cryptocurrency exchanges. You can trade forex in lot sizes as small as 0.01, and the broker supports MetaTrader 4 (MT4), which is the most popular platform among retail forex traders. Lime Fx offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting. The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading.
Lime Fx provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. Analyze the market price on the page and try your luck right away. Volatility is high at the moment, so trade according to your level.
As a step, we recommend that you first get used to ordering here and then try STP/ECN. The Micro Account is ideal for beginners due to its low minimum deposit of $100, making it accessible for traders with smaller capital. I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and Lime Fx won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So limefx scammers now your withdrawal will be denied as your trading.This just goes on and on.
Some features and services may vary depending on where you reside. FX trader with over 3 years of trading experience in major currenciesI use many brokers such as Lime Fx and Lime Fx, so I will introduce them to you. Tempting trading conditionsHowever, my https://limefx.club/ attention to Lime Fx was captivated by its outstanding reputation with traders. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. Lime Fx also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. For any withdrawal problems, contact customer support on one of the channels described further below.
Markets & Instruments
Established in 2010 and headquartered in Cyprus, Lime Fx is a financial derivatives broker known for its extensive range of trading tools and features. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. Overall, I assessed that Lime Fx’s customer support is of very high quality. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
However, prohibited regions such as the United States, Canada, and some countries in Asia, are restricted from using Lime Fx due to local regulations and compliance issues. It’s important to check whether your country is supported before attempting to open an account. These restrictions are in place to ensure compliance with financial laws and regulations in each region.