The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Lime Fx, like many ECN brokers, utilizes the highly regarded MetaTrader4 for its trading platforms. This platform is compatible across all operating systems and is fully equipped for EAs, hedging, and features advanced technical indicators, analytical objects, and charting tools. We rated Lime Fx’s funding methods as Excellent, with an overall score of 8.9 out of 5. Notably, the broker does not require a minimum deposit, which is a significant advantage, and most fees are low or nonexistent.
Why not trade with Lime Fx?
It offers institutional-level service and cost-effective trading opportunities to retail clients interested in trading a diverse range of financial products. Lime Fx, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. Lime Fx provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. I rate Lime Fx’s customer service as top-notch in terms of responsiveness and speed.
To see the full fee structure, check all the conditions including commissions, funding fees, and inactivity fees. All costs are included in the spread, which starts from 0.1 pips. You can compare the current spreads for the most traded instruments and see how Lime Fx spreads stack up against those of BlackBull Markets. Remember to consider Lime Fx’s rollover or overnight fee, which applies to positions held for more than a day and varies by instrument. However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit. All in all, we do not think Lime Fx is worth the high deposits and charges it entails.
A minimum deposit of 500 dollars is required to open an account with Lime Fx. There is also a rollover fee involved for trading positions that are held overnight. Moreover, the commission charges on various securities are expensive too. Also, the user interface of the mobile application is pretty problematic and difficult to understand.
Lime Fx is a Multi-Assets Trading Platform with over 200+ Assets
You should take the security of your personal information seriously and check SSL encryption is enabled on the Lime Fx trading platform to protect you on PC and mobile Lime Fx platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Lime Fx web trading platforms. Lime Fx may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged.
You can avoid a stop-out by depositing funds into your account. Our team highly rates Lime Fx’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. On the downside, Lime Fx’s high fees for most withdrawal methods are a disadvantage.
Got my deposit quick with a 100% bonus…
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Lime Fx traders can navigate the platform https://limefx.name/ and find the information they need to make informed trading decisions. Autochartist on the Lime Fx platform is a powerful tool designed to help traders find trading opportunities quickly and easily. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store.
See what reviewers are saying
Lime Fx offer educational resources which include Blogs, Market Analysois. Please bear in mind that these resources provided by Lime Fx do not guarantee any results when trading. When we checked on the Lime Fx website, these educational resources were not available in every language. Also some financial instruments mentioned in any Lime Fx educational resources may not be available in your region.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. As a new client of Lime Fx, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Lime Fx in your region. Compared to other brokers, Lime Fx offers fewer customer support features.
The company providing multiple deposit and withdrawals methods. But its charged a little fee while withdrawals on some methods. I actually promised myself not to change my broker again, but it had some major problems. I am still not sure actually whether or not I will be transfering here all my capital. But this platform has none of the major trust problems, reliability issues, dubious questions about withdrawals and deposits.
Lime Fx offers various funding payment methods listed in your Lime Fx dashboard if available in your region. To learn more about the Lime Fx funding and withdrawal options available in your area, you can explore the Lime Fx website. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. Trading Centrals Alpha Generation Indicators can help Lime Fx traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Lime Fx traders to potentially stay one step ahead. You can start using the MetaTrader 4 platform with Lime Fx in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers.
- It is crucial that you familiarize yourself with the specific aspects and all the risks related to trading in foreign exchange before starting.
- I was a bit cautious when I saw that XL account is the only option; but the conditions are quite enticing, so I ended up opening one (Thankfully, they made is swap free on my request).
- Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds.
- 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.
However if we see its service like compatative spread and $0 commission for trading then we limefx website can forget fee. Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. 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.
- You should also contact your bank as soon as possible and let them know about your issue.
- There are other more reputable and highly regulated brokers like HFTrading, ETFinance which provide better services at a shallow minimum deposit than Lime Fx.
- Lime Fx allows Forex trading, CFD trading, and Share Dealing trading.
- Now upload your documents and wait for 24 hour for verification.
In the XL account, the minimum deposit is 500 dollars with very fewer features available. In all the three accounts, there are only three base currencies available; EUR, USD, and GBP. When the broker has been in business for more than 10 years, one expects utmost loyalty, trustworthiness, and excellent services. Well Lime Fx has been in the market for about 13 years, but no real growth or dedication in its services and functions can be witnessed. No one would like to trade with a broker whose services do not move along with the technological advancements. In this review of Lime Fx, we will discuss each aspect of the broker, and why you should not go with it.
