Lime Fx holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. Another option is to use the WebTrader, which is the browser-based version of MT4 and it is fully synchronized with it. The web terminal is a modern, fast HTML5 application that runs on any computer system without the need to download any additional browser plug-ins and add-ons.
Lime Fx lists no expiry times, which is great, as all demo traders require unlimited access. While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment. Lime Fx notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders.
Lime Fx offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts. Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers. Lime Fx offers commission-free trading and floating spreads from 0.9 pips on its No Commission account. My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark. Lime Fx provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads. However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform.
- Although Lime Fx offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use.
- When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
- The other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers.
- You can set up a demo account for yourself prior to or alongside your live CFD account.
- However, its dated and rugged design is inferior to newer and sleeker platforms.
Elevate Your Trading Experience with Lime Fx
Lime Fx is an ideal choice for news traders because of its comprehensive market research offering. scammed by limefx It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators.
Research Tools
Lime Fx offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting. The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading. 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 they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Phone support is only available to active clients with their account managers.
My live tests demonstrated that Lime Fx charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. Lime Fx operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection. Lime Fx provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central.
Opening an Account
However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders.
- Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions.
- The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
- For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators.
- Lime Fx does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.
The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce https://limefx.name/ the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. Lime Fx offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts. The assortment is wide enough to accommodate the basic needs of most types of traders.
Customer Support Channels
Lime Fx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. I have compiled the table below to help you better understand the difference between the trading fees with Lime Fx’s No Commission account type and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. Although Lime Fx offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use.
It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients. Lime Fx is one of the most reputable Forex, CFD, Stock and Crypto trading brokers that has many offices around the world and is available to investors in Europe, UK, Australia, and more. It offers more than 200 trading instruments across 6 different asset classes, including Forex, metals, indices, commodities, futures, and shares. The broker promises 24/5 multilingual support, ultra-fast execution of trades within milliseconds, and the lowest market spreads, starting from 0.0 pips. It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading.
In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Overall, I concluded that Lime Fx is an excellent choice for day traders, copy traders, and algorithmic traders.
Is Lime Fx Safe to Trade With?
The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform. This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. With tight spreads as low as 0.04 and 1% margin requirements, Lime Fx offers its clients a great opportunity to profit from the global gold and silver markets. The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold. Trade popular pairs, including EUR/USD, USD/JPY, and GBP/USD, with no requotes and exceptionally tight spreads beginning from 0 pips.
Diverse Trading Account Options. Unrivalled Trading Conditions, Minimal Spreads, and Customisable Leverage
As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis. I assessed that Lime Fx’s swaps were average to high compared to the industry benchmark. The values listed below are for one full base currency contract (100,000 units).
While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. Lime Fx, founded in 2010, is a forex and CFD broker regulated by multiple authorities, including ASIC, FCA, and under MiFID regulations. While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market. Whether you are a beginner exploring the financial markets or a seasoned trader seeking advanced trading conditions, Lime Fx is the ideal partner.















