Lime Fx Review 2025: Is It a Reliable Broker? Pros and Cons
I thought the research provided by Lime Fx was decent as they offered chart and candlestick patterns like doji candlesticks and wedges, or highlighting support and resistance levels to trade. The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new. Lime Fx has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the Lime FxTrader and MT4 only offer 32 pairs. I think having Lime Fx Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade.
With this, traders will have much more functions in terms of coding your Expert Advisors as it uses a coding language called MQ5. The most efficient experience is provided by the computer platform as it offers the most tools and functions. It was essentially developed by traders for traders and includes a plethora of charts and tools. We don’t recommend traders accept it if they plan on making a withdrawal before all of the terms and conditions are reached. Although receiving some free money is quite enticing and almost irresistible, they exist to entice traders to trade more aggressively to help meet targets that could erode any profit made. Both are primary platforms with Lime Fx and are the most popular platforms with traders in the FX market.
It’s important to know that Lime Fx doesn’t mention the time period for its typical prices listed on its website. So, these values aren’t as reliable as prices with a specific date. Overall, Lime Fx has improved its prices and seems to be competitive with the cheapest MetaTrader brokers. But without knowing the time frame for its average spread claim, we couldn’t make an exact comparison. Hello to everyone.Forexbrokerslab is my personal blog where I review reliable forex brokers. Forexbrokerslab is a project that aims to educate and protect forex traders.
- Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
- It is clear that the Education section of Lime Fx’s website is of great importance to the broker.
- Lime Fx Cyprus, as a licensed broker, only offers Bank Wire Transfer for its European clients.
- This app goes beyond traditional social trading by utilizing an AI-based recommendation system that matches traders with Masters based on their trading style and risk profile.
- To start trading, you need to create a Trading Account in your Personal Area.
The program offers an opportunity to earn reward points that allow upgrading account status and unlocking exclusive benefits. Secondly, we have the Pro Account which uses the more advanced MT5 platform. This account offers lower spreads than the Micro Account as well as lower trading costs for higher volume traders. You will pay a slightly higher minimum deposit to avail of this account. Lime Fx offers excellent transparency with a fee structure that includes zero commissions and no deposit or withdrawal fees.
From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization. The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. Lime Fx minimum deposit is $25 allowing you to open an account and start trading.
Lastly, anyone looking for an automated trading strategy can utilize the cTrader automate to help you develop custom robots. This has an extensive baak-testing capability with its suite of tools. Like the MT4 platform, this platform allows you to trade on a limefx scam computer, and mobile, either on iOS or Android.
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. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy https://limefx.name/ trading and automated trading. Trading costs such as spreads are clearly explained on the Spreads and Conditions page.
- No stocks are offered, only 2 commodity assets, and 2 cryptocurrencies.
- Traders have complete control over the process and can stop copying anytime.
- These include credit cards, bank transfers, e-wallets (Skrill and Neteller), and crypto.
- Furthermore, Lime Fx’s competitive spreads and leverage options add to its allure, but it is important to note that, like all trading platforms, Lime Fx has drawbacks, such as occasional technical issues.
- One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection.
NBP — the Lime Fx management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all. This section includes details of the basic operations of the financial markets. There is an economic calendar, daily analysis posts, as well as trading signals and market insights.
Non-Trading Fees
Research tools provided by Lime Fx include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. Both social and copy trading is well provided for at Lime Fx through their own proprietary copy trading service. The only real difference here being that as a master you can earn commission. It also provides for detailed analysis with market reports and more to offer. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. In some places, you will also be allowed to make deposits through Bitcoin.
Lime Fx Non-Trading Fees
Lime Fx is an international broker providing online trading services since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 160 countries with more than 42 million trading accounts. Lime Fx regularly offers bonuses and promotions to attract new clients and reward existing ones.
What types of trading instruments can I access on Lime Fx?
In addition to the above mentioned, Lime Fx uses segregated funds to protect clients money. This is a key requirement to look for in a broker because it means that your funds will be kept separately to the brokers. Before signing up to any broker, check out who it is regulated by and make sure you fully understand how these regulations serve to protect your money. Some brokers are more regulated than others, and this will largely depend on where the company is based. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners.
Lime Fx VPS Review
This will mean that although your gains will be higher, unfortunately your losses will be too, due to the leverage. The broker is required to contribute towards a shared investor protection fund. This fund will be there to protect all accounts that hold $20,000 or more in the event of insolvency. This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission (CySec). Lime Fx’s emphasis on transparency and ethical trading practices gives me confidence in their services and has solidified my trust in them. We are so thrilled to hear that you are satisfied with the service provided by Lime Fx.
Lime Fx provides several account types to suit a variety of trading needs, including the Micro, Pro, and ECN accounts, each offering unique features and benefits. These accounts are designed to cater to traders at different experience levels and with varying trading strategies. Lime Fx’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. Lime Fx offers 24/7 customer support through live chat, email, and phone, ensuring traders can receive assistance whenever needed.
Ec Markets is an international multi-asset broker with an average speed of 0.004 seconds on trade execution. This comprehensive Ec Markets review will explore the broker’s trading instruments, regulations, spreads, leverage, fees, deposit and withdrawal methods and trading platforms. We will also look into how to open and verify an account, and the safety measures provided on clients’ investment funds. Lime Fx supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces.
Yes, Lime FxTrader is built for beginners, focusing on ease of use while providing helpful features like real-time market insights through its Space feed. Lime Fx places a high priority on the security of its traders’ funds, implementing multiple protective measures to ensure the safety of deposits. We do wish they’d offer phone support, but they are quick to respond through the channels offered. All of these platforms are available in web and mobile applications, including both Android and iOS. Additionally, Lime Fx offers its own proprietary platform called Lime FxTrader.
How do I deposit funds in an Lime Fx account?
Gifts are limited and available on a first-come, first-served basis. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Lime Fx provides access to global indices such as the NASDAQ, S&P 500, and DAX.
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