Lime Fx offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and limefx reviews trading features for experienced traders. Currently, clients of Lime Fx can only trade on MetaTrader 4, which is rather cumbersome and outclassed by newer trading platforms.
- Traders can choose between commission-free, swap-free accounts and accounts with low floating spreads.
- The Lime Fx trading platforms are designed to facilitate a practical, powerful and efficient trading experience.
- Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.
- Lime Fx distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders.
- I also compared Lime Fx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average.
Demo Accounts
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. With Lime Fx MultiTerminal, you can manage multiple accounts from one single terminal. Multiple account management made easy with the Lime Fx MultiTerminal. Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading.
It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. Lime Fx provides quite a few deposit methods, while withdrawals are sent only via bank wire.
Lime Fx was set up in 2010 by a team of finance and software experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. Compared to the broader industry, Lime Fx offers an above-average number of FX pairs, commodities, and indices.
The market is continually evolving and never static, so it is important to hone your skills in a safe environment. It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. Lime Fx provides an average selection of trading platforms and tools. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads.
Lime Fx’s Trading Fees
Withdrawal times vary depending on the banking provider but range from the same day to 10 days. Withdrawals below $300 will have a fee of $55 per transaction. Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities.
I also love how cost-effective this platform is, the broker has beginners in mind. Lime Fx’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. Alternatively, the MT4 platform is available on mobile browsers. Lime Fx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more.
Indicators
Register and trade over 500 financial instruments in Forex CFDs, spot metals, futures, shares, spot indices and commodities with quick execution. Experience trading with spreads as low as 0 pips, advanced trading signals and functions in our user-friendly platform created specifically for online trading. Trade Forex CFDs and spot markets from your desktop with MetaTrader 4. Lime Fx is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the Lime Fx.com group has good reviews from other users online. Lime Fx offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.
Lime Fx Leverage
This review will fully report Lime Fx’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices.
I thus found them quite useful for both beginners and experienced traders. I checked Lime Fx’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by Lime Fx. In my experience, the charts screen is probably the most important component of every platform.
So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on. To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. All this together makes trading on company’s platform profitable and efficient.I trade currency pairs. At the same time, I trade major, minor and even exotics.With such leverage I can use small part of the margin.And thanks to tight spreads, my trading is always efficient.
Platforms and Tools
The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10. We performed our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app. The account was opened with the Notesco Limited entity of the broker. Lime Fx offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. It offers beginner education videos and general education on forex and CFDs.
Based on its rating for education and beginners, it provides an average educational experience. This platform is equipped limefx scam with front-end terminals and back-office reporting functions. Perfectly combined with any of our trading accounts, it also provides you with the essential tools needed to analyse the market and boost your trading strategy.
To sum it all up, Lime Fx is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading psychology. They are in multiple languages, making them quite accessible to a larger number of traders. Proprietary to Lime Fx, the Market Insights section comprises lengthy and comprehensive takes on current trading opportunities. Articles in this section underpin major economic developments and the underlying factors driving price action. Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities.