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It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency. 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. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, Lime Fx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.
It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security.
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. This average customer rating is based on 27 Lime Fx customer reviews submitted by our visitors.
Currency Pairs
These are useful resources, but Lime Fx still lags some behind industry leaders like eToro with its comprehensive forex education academy.
Low-Cost Trading Structure
Lime Fx’s investment offering is excellent for forex traders but weak in other departments. Lime Fx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Lime Fx places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices.
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Demo Account
They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions. Our experts however cannot recommend this broker over others from our trusted list. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions.
As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. In our Trust category assessments, limefx forex brokers reviews we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. On the other hand, the broker charges a handling fee for withdrawals and does not afford an alternative to MT4. But there is 0 dongs and whistles, so, again, not everyone might like it.
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The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at Lime Fx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
- Also the ability to scalp with trading bots and VPS makes it even better.
- Lime Fx offers a choice of 100 tradable instruments across currency pairs, commodities, indices, and cryptocurrencies.
- Lime Fx offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.
- For instance, anyone registering from a CySEC regulated region is not able to accept a bonus.
- One significant advantage is that Lime Fx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
How To Make A Deposit
- To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
- In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.
- Additionally, Lime Fx provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills.
- In terms of trading instruments offered, Lime Fx has a selection of about 70 forex pairs, in addition to a handful of cryptocurrencies, stock indices and commodities, all of which are traded as CFDs.
- The mobile application has proven to be stable and reliable during testing.
- You just need to click on the ‘Register’ button at the top-right corner of the brokers website.
If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
IG is well-known for having the widest selection of CFDs among Forex trading brokers, enabling various trading options. It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Lime Fx has published 11 educational e-books covering a wide spectrum of topics (building a trading plan, trading mentality, scalping, etc.).
The broker impresses with its forex pairs offering, which is one of the largest in the industry. I use Lime Fx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they limefx courses scam are pretty dated. Accessing the MT4 app through an Lime Fx account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker.