Although this cost is meager compared to some other brokers, casual traders should keep this in mind. While other online payment systems like Neteller and Skrill have a set 2.7%, but bank wire transfers cost between $30 and $ 45. Ordinarily, we prefer to see a limefx website choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, Lime Fx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. For immediate assistance, Lime Fx provides phone support that traders can access during business hours. Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive matters.
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. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company.
MetaTrader 5 (MT5), an enhanced version of MT4, offers faster order execution, more built-in indicators, advanced charting tools, improved back-testing capabilities, and greater market depth. These platforms are versatile and cater to traders at all levels, ensuring seamless trading across all devices. Yes, Lime Fx is considered safe for traders, thanks to its comprehensive security technologies designed to protect both client funds and personal data.
Lime Fx’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders.
Recommended Brokers:
Because in trading, every unanswered minute costs more than a parking ticket. Ever been stuck on hold with elevator music while your portfolio burns? Quality support https://limefx.group/ in trading is like oxygen masks on planes—you notice it most when things go sideways. The best platforms treat help desks as frontline defense, not afterthoughts. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.
- Overall, even if Lime Fx offers a fine selection of products for forex and CFD traders, yet the lack of advanced range may discourage those investors seeking a more all-around portfolio and larger portfolios.
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- There main objective is to empower clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey.
Lime Fx Minimum Deposits & Withdrawals
In addition, real traders comments (which you may check underneath our review too) are mostly positive and there are many satisfied and happy traders at Lime Fx which is another plus to its clarity. On the flip side, the range of instruments is strictly limited to forex and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for online trading might vary depending on the jurisdiction. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the Lime Fx platform. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. Tight dealing spreads lower your overall trading 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. With fast processing times and no deposit fees, Lime Fx makes it easy for traders to manage their funds efficiently.
User Reviews
- In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define Lime Fx as a brokerage choice for traders seeking precision in the forex markets.
- Lime Fx occasionally introduces other bonuses and promotions, which have included a $50 Lime Fx no deposit bonus or annual interest on free margin.
- Lime Fx is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices.
- The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.
- This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on Lime Fx.
The global trader can easily communicate and get qualified help from the broker due to multilingual support, which in turn helps to improve the ratings of Lime Fx. Live Averaged Spreads and Commissions of Lime Fx Trading Broker Accounts. The company providing very good spread conditions with Commission $0. Security is a paramount concern for traders, and Lime Fx addresses this with a commitment to maintaining a secure trading environment.
Love the demo
The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. Lime Fx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers. MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface. In addition, I appreciate how they provide access to the MT4 Multi Terminal that allows you to log in to unlimited accounts simultaneously. A responsive and knowledgeable customer support team is a hallmark of Lime Fx.
It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. 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.
The platform grants access to a wide range of forex pairs, including major, minor, and exotic currencies, enabling traders to capitalize on global market movements. In addition to forex, Lime Fx offers a variety of commodities, including popular options like gold, silver, and oil, which are ideal for those seeking to hedge or invest in physical assets. Furthermore, the platform supports major cryptocurrencies, offering modern trading opportunities for digital asset enthusiasts. Lime Fx also provides access to stocks and indices, allowing traders to engage in diverse trading strategies. In the following paragraphs, we will explore each of these tradable instruments in greater detail, highlighting the unique features and opportunities they present. Lime Fx offers variable spreads that differ based on the account type and the financial instrument being traded.
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Lime Fx Account types
Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, Lime Fx provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. Lime Fx offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals.
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. Lime Fx’s investment offering is excellent for forex traders but weak in other departments. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade.