With no minimum deposit, high leverage, and low trading costs, Lime Fx is ideal for beginner traders and demanding seasoned ones alike. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. This broker has a great platform that can be used to make a profitable income… The financial instruments are well combined and there are different account and payment methods plus great customer service.
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In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an Lime Fx XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. During testing, we have been impressed with the limefx courses scam ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. In this Lime Fx review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at Lime Fx and take into account the overall experience for day traders. 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.
Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with Lime Fx simple for beginners. Lime Fx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
- 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.
- The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients.
- Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
- Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved.
- This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience.
- All in all, this set of conditions led me to where I am – to Lime Fx broker.
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. Lime Fx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Lime Fx offers traders the core MT4 trading platform without third-party upgrades.
The deposit bonus is spot on
The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). 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.
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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 caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. These are useful resources, but Lime Fx still lags some behind industry leaders like eToro with its comprehensive forex education academy.
Lime Fx deploys an ECN/STP execution model and does not manipulate quotes. Lime Fx supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.
It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. This is a great broker with a wide range of useful services. That’s a key factor limefx for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.
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.
It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Lime Fx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, Lime Fx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. In addition to offering free access to a Virtual Private Server (VPS), Lime Fx currently offers an attractive bonus to account openers.
Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and Lime Fx is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. Lime Fx advertises free VPS, supporting automated trading solutions.
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. But there is 0 dongs and whistles, so, again, not everyone might like it. I feel like each one of us needs to find 1 broker he “clicks” with. For me it was Lime Fx, simply because theire is no bull@it here.
You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. I am happy with the selection of fee-free funding methods accepted by Lime Fx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. I like Lime Fx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
Lime Fx provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. I am pretty excited with the experience on this trading platform.
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