Lime Fx is a good ECN DMA broker choice and great for scalping, hedging, and autotrading. A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect.
- With regulation by CySEC and the Mwali International Services Authority, traders can trust Lime Fx for secure and compliant operations.
- The account opening process of the broker is straightforward and can be continued if accidentally stopped.
- Lime Fx offers negative balance protection, which means that if a market slippage results in a negative balance, Lime Fx will adjust the balance to zero.
- It also bucks the industry trend by not charging swaps or inactivity fees.
- Later we asked a few trading-related questions to customer support agents and received swift and professional responses.
Lime Fx clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. Lime Fx does https://limefx.group/ not currently charge swap fees – the charge for holding leveraged positions overnight.
Accessing the bonus is a straightforward process and can also be configured automatically. With 24/7 availability, multilingual support, and comprehensive resources, Lime Fx ensures traders receive the guidance and help they need at any time. The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences.
Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable limefx instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Islamic account
It has advanced charting capabilities, technical analysis indicators, and an adjustable user interface. It allows users to easily handle their accounts, build watch lists, and employ sophisticated charting tools. As per the evaluation of the Plus500 App, it boasts an easy-to-navigate interface, many financial instruments, and advanced trading features. It has a simple, yet effective user interface for trading various products such as currencies, stocks, and commodities. On the other hand, its enhanced functionalities make it an ideal platform for traders where advanced tools are a necessity.
Customer Service
- Lime Fx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total.
- Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
- They complain of Lime Fx being a scam broker, denying them withdrawals and going on to block their accounts.
- Lime Fx said that offering swap-free accounts aligns with its business goal of serving a global clientele.
The Lime Fx Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook.
A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified.
Lime Fx forex broker account registration and verification
I’d like to have seen an option for bank transfers as I feel most secure about this process. However, Lime Fx has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option. These are two offshore regulators that allow Lime Fx to provide secure financial services in 180 countries.
Market Data
Lime Fx Fees are ranked low based on our testing and compared to over 500 other brokers. Lime Fx’s trading environment is best for regular market participants for active traders. However, at times High-volume traders or like pattern traders might find it as limitation since commission basis account is preferred for easier calculation of trading costs.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
It is also a rare broker fully compliant with Shariah law for Islamic traders. I cannot stress enough the difference this makes, especially over time. Here is a screenshot of Lime Fx live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. Lime Fx shows a dedication to transparency and financial stability for the years it started to operate under more reliable licenses. The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. Overall, Lime Fx provides good flexibility in terms of conditions, platforms, and instruments it proposes.
Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. We invite you to visit TopBrokers for up-to-date information on the trading industry, broker reviews, and more. Awesome fx apps list – my advice is to check brokers with social trading technology. With its intuitive design and complex functionality, you can trade various instruments, including currencies, commodities, and shares. Nevertheless, the platform’s aged interface and the chances of performance delay might be a downside to some traders.
Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. The in-house developed Lime Fx Trading App is an excellent choice for mobile and copy traders. Alternatively, Lime Fx offers the Lime Fx Trading App as an APK download for traders who cannot access Google or Apple. It shows that Lime Fx understands its trader base and ensures it can take advantage of its competitive trading environment. Lime Fx takes it further and offers swap-free trading in its MT4/MT5 accounts. This makes a tremendous difference to leveraged traders who keep positions open overnight.