New traders at Lime Fx can take advantage of a generous welcome bonus, which provides additional funds based on the initial deposit. This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital. Specific details of the welcome bonus, including the percentage and maximum bonus amount, may vary, so traders should check the Lime Fx website for the latest offers and terms.
Customer Support Test
The platform also supports one-click trading, which allows traders to execute orders fairly quickly. 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. The broker also offers downloadable e-books that serve as comprehensive guides to forex and CFD trading. These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace.
I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. Where many brokers only offer a few accounts, Lime Fx have a great range of different trading accounts to cater to the needs of many different styles of traders.
Research Tools and Insights
Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week. You can choose your own leverage and have unlimited access to some of the largest liquidity providers through Lime Fx.
Alternative Brokers
There is also a dedicated FAQ section on the website for more general queries, such as how to set up a limefx scam trading account. The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. What I thought very useful is that some of the available instruments are denominated in different currencies.
- 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.
- These tend to have higher marked up spreads but you do not pay a commission on trades.
- Overall, Lime Fx is a very well established and reputable trading broker that serves all types of traders from around the world.
- Fasapay has a transaction limit of $5,000 with a withdrawal fee of 0.5 percent (up to $5).
- Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
- My tests indicate that Lime Fx’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions.
- Broker research materials have been neglected, generating the biggest black mark in our review.
Only verified trading accounts can make deposits or withdrawals, and the payment processor’s name must match the account holder’s name at Lime Fx. With over a decade of industry experience and more than 1.5 million clients globally, Lime Fx is a well-established broker. It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits. Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with Lime Fx.
This is not something exclusive to this broker, you will find most have a demo account available. If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. The Lime Fx trading platforms are designed to facilitate a practical, powerful and efficient trading experience. Bespoke technologies empower our clients to trade with scammed by limefx precision, without slippage and re-quotes.
Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed.
Tools & Features
- Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions.
- Lime Fx offers a diverse range of tradable instruments, catering to the needs of traders looking to diversify their portfolios across multiple asset classes.
- The broker provides you with top class global customer support in over 30 different languages.
- They are well-researched and written in an easy-to-understand format, making complex trading concepts accessible to traders of all skill levels.
- In my experience, the charts screen is probably the most important component of every platform.
- The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English.
- While MT4 remains the core offering, Lime Fx has announced that MetaTrader 5 (MT5) will be available soon, further expanding trading options for its clients.
If you want to run your platforms 24/7, the Lime Fx VPS is another fantastic tool they provide. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds. Our award-winning trading platforms, for web, desktop, mac and mobile, include an advanced charting package and many customizable tools, allowing all types of traders to access their accounts. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Lime Fx provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact.
What are Lime Fx’s trading hours?
Each idea underscores a currently unfolding trading setup – a bullish or bearish pattern, such as the ‘Engulfing Line (Bullish)’ shown below. What I found particularly useful is that it states for how long the idea can be applied before the underlying opportunity expires. Notesco Limited does not accept clients from the U.S., Cuba, Sudan, Syria, and North Korea. The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity. However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. I received a rather terse explanation that Lime Fx averages speeds of under 50 milliseconds on most orders, without any further context.
75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Lime Fx offers a variety of account types to cater to different trading needs, including Standard, Premium, VIP, Zero Fixed Spread, and STP/ECN accounts. Each account type has specific features, such as varying spreads, commission structures, and leverage options. In the Middle East and Africa, Lime Fx offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya.