Maybe the broker still has space for improvement, for instance, to add some commodities for trading, but I am into forex pairs trading predominantly. Lime Fx, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading. Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms. One of the most ignored trading costs is swap rates on leveraged overnight positions.
Lime Fx prioritizes transparency and security, holding a limefx scammers prestigious CySEC license (license number 127/10). This license ensures adherence to strict financial regulations and client protection measures. Your funds are segregated from the company’s assets, ensuring their safety and integrity.
I’m confident with this broker because for the time I trade with it nothing bad happened to me and particularly my depo. Of course, I mean non-trading reasons such as fraud or careless attitude to me or something like this. Lime Fx has a rating of 2.7 stars from 71 reviews, indicating that most customers are generally dissatisfied with their purchases.
Can You Make Money Trading Forex With Lime Fx?
Overall, the asset selection is both impressive and more than ample for new and intermediate traders. 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. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. Our extensive tests show that Lime Fx is a legitimate broker.
They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. Lime Fx is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks.
Demo Account
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. 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. I feel this is by far the best conditions to trade with. But there is 0 dongs and whistles, so, again, not everyone might like it.
Deposits & Withdrawals
The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. Although Lime Fx does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on Lime Fx. 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. While this type of fee is not unusual, Lime Fx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. It’s important to note that bonus terms and conditions apply, so carefully review them before claiming any offers.
Is it possible to use more than 3 indicators in the Lime Fx trading platform for better analysis?
I usually check their daily technical analysis and take advantage of some articles published in traders corner blog. All in all, this set of conditions led me to where I am – to Lime Fx broker. 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. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
This way even traders from less develop countries can have access to cash from forex always. I wondered when found out that the company has no minimum deposits. I dunno know whether it’s an ordinary practice within brokers, because I doesn’t have a big experience in trading, but it was a real surprise to me. actually, it’s cool! Such a feature opens the doors into the world of trading for many traders, who are confused because of the size of minimum deposit. I know that low spreads are also useful, and this one proposes quite low ones. The broker on the one hand is suitable for beginners judging by the minimum deposit.
We also ensure all reviews are published without moderation. Yes, it is possible to have a profitable strategy when trading with Lime Fx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. Withdrawal times for Lime Fx depend on the method you choose.
There are no commissions and tight spreads sourced directly from liquidity providers. While testing Lime Fx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. 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.
- Lime Fx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed.
- Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
- Lime Fx is an ECN broker and only maintains one ECN account for all clients.
- Good thing is that there are plenty of assets available at Lime Fx, so I am sure you will find some for comfortable trading.
- Yep.There is a banner right on broker’s official website stating that they double your deposit.
The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lime Fx does not list them. Clients can find the provision in the Investment Services General Conditions PDF.
These findings are based on our first-hand experience trading at Lime Fx and take into account the overall experience for day traders. We score and compare forex brokers in more than 15 categories. The most important of which include regulatory limefx credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions. 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.
