Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Both MetaTrader platforms use industry-standard security procedures, including Secure Sockets Layer (SSL) encryption to safeguard data exchanged between servers. Traders can also add two-step verification upon login, which protects against hackers signing in from an unknown device.
Lime Fx vs Other Brokers
The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Commissions are only charged in the ECN account which offers the tightest spreads. You can click on the Demo button at the top of the broker’s website and fill in your contact details to set up your demo login details.
Support is provided in over 12 countries including the UK, Armenia, Russia, Thailand and Nigeria. The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions. Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window. Typical ECN spreads at Lime Fx start from 0.2 pips for popular pairs such as EUR/USD and USD/JPY. Note that Standard account spreads come in at around 1.5 pips for EUR/USD.
Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer. There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. Lime Fx does not charge for deposits and processing times are instant for all methods, except limefx for bank transfers, which take 3 – 5 business days. The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level. Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.
Trading Platforms
- MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading.
- There are also some additional trading tools, including access to Autochartist and copy-trading features.
- The platform includes 30 technical indicators, which are supported on 9 different time frames.
- Unfortunately, we do not provide services to citizens and residents of this country.
- Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds.
Lime Fx offers a few trader bonuses and promotions, including a 25% welcome bonus on minimum initial deposits of $500. There’s also a cashback loyalty program, where part of the spread is paid back to clients who trade regularly. Bank cards are charged from 2.2% and fees for bank transfer will depend limefx reviews on your bank.
Lime Fx offers a diverse range of instruments, including forex and cryptocurrency pairs, commodities and precious metals, indices, stocks and bonds. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Lime Fx offers 24-hour support from Monday to Friday via telephone, email, or chat services such as WhatsApp and Telegram.
with an ECN account
The broker offers two of the most popular trading platforms available, plus various account types to suit different traders. There are also some additional trading tools, including access to Autochartist and copy-trading features. Lime Fx offers some educational content, including forex news and analytics, as well as a blog. Clients can also get free access to the Autochartist indicator, plus an economic calendar and trader calculator. Copy-trading is also available in the RAMM account, where traders can earn up to 50% of investors’ profits on copied trades. Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds.
Lime Fx offers Standard and ECN accounts on the MetaTrader 4 and 5 platforms, plus additional tools and copy-trading. There’s also a range of good deposit and withdrawal methods, plus a demo account to suit beginners and experienced traders. The main downside is the offshore regulation, which may not provide adequate protections compared to other brokers. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
A demo account is an excellent tool for both new traders and experts, as they allow you to practice trading skills and place trades without investing any real capital. The minimum initial deposit to start trading in the Standard and Fixed accounts is 100 USD or EUR. Nonetheless, the broker is a member of the The Financial Commission, an independent dispute resolution organisation which insures traders’ interests up to €20,000. The broker also offers negative balance protection, which prevents trader accounts from dropping below zero.
Lime Fx Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007. The company is registered and authorised in Saint Vincent and the Grenadines, but has numerous global support offices across Europe, Asia and Africa. Lime Fx serves over 350,000 clients and has picked up a number of global forex awards since its establishment.
If you’re trading in the Standard or Fixed account, commissions are included in the spread. Rollover or swap rates will also apply to positions carried over into the next day. Unfortunately, we do not provide services to citizens and residents of this country. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading.
The platform includes 30 technical indicators, which are supported on 9 different time frames. There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors). The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
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