The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lime Fx transparently displays on its website. Lime Fx deploys an ECN/STP execution model and does not manipulate quotes. Lime Fx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts.
- Lime Fx places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions.
- Lime Fx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers.
- Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies.
- Traded here for a while initially on demo, then traded couple of months on a live account.
- This may impact how, where and which companies / services we review and write about.
Lime Fx Alternative Brokers & Comparisons
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 provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position.
Reasons plus to Choose Lime Fx As Your Trading Broker
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. 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.
Is Lime Fx a good broker?
Lime Fx’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs.
With no minimum deposit, high leverage, and low trading costs, Lime Fx is ideal for beginner traders and demanding seasoned ones alike. As this broker offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. However, you should be aware that a $5 mark-up per lot will apply if you open an account through us. The overall trading environment at Lime Fx features a low cost structure and competitive asset selection, . Lime Fx lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. Lime Fx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
As payment options vary from country to country, we suggest creating a free account on Lime Fx.com to see which options are available to you. Lime Fx supports the MetaTrader 4 platform, made popular through its support of trading robots. Lime Fx welcomes all trading styles, including hedging, scalping, and arbitrage, and places no restrictions on your use of Expert Advisors. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments.
Unique Features
The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. Lime Fx’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep limefx reviews reading our Lime Fx review to find out if this broker would be appropriate for your needs. 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 transparently provides all necessary information on its website.
Tight dealing spreads lower your overall trading limefx website costs and can significantly improve your trading results, especially if you are an active trader. Lime Fx has unusually competitive dealing spreads that you can gauge by opening a free demo account. Lime Fx offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies.
Lime Fx Trading Platforms
Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with Lime Fx has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter.
Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. 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. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Lime Fx offers traders a competitive commission-free trading environment.
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. The service provider is BeeksFX, but Lime Fx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
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 provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform. Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs).
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