Lime Fx Review in 2024 Spreads & Fees Compared

Market orders on major forex pairs were filled almost instantly, which is exactly what you want when the market is moving fast. Limit orders were generally filled promptly when the market price hit my designated limit. Execution speed can vary depending on market conditions, but based on my testing, Lime Fx seems to handle order execution efficiently. Now, with such a vast selection, there’s always a concern about liquidity. During my testing, even the less popular instruments seemed to have decent liquidity, with tight spreads and smooth execution.

This policy ensures that traders can manage their funds efficiently without worrying about additional costs. For international deposits, Lime Fx goes a step further by limefx scammers offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, Lime Fx will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD.

The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. By default, all ASIC-regulated brokers are market makers, but Lime Fx deploys a no dealing desk (NDD) execution model. While the Lime Fx Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions. Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct. MT4 has several options to enter orders and fully supports automated trading via EAs. Lime Fx does not offer APIs to allow third-party solutions to connect.

1. Lime Fx commission fees are competitive compared to other online brokers with similar ECN Account types.
2. There are over 50 indicators available in the mobile app covering all the most well-known ones, such as Bollinger Bands and MACD, and other newer ones, such as the Stochastic Relative Strength Index.
3. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time.
4. Founded in 2001, ActivTrades is regulated by multiple authorities around the world and offers enhanced insurance to protect funds up to £1,000,000.

Most of Lime Fx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. In my experience, Lime Fx generally offers good market depth and liquidity. This means you can enter and exit trades efficiently without significant price gaps.

If you’re looking for one of the most powerful, proprietary forex trading platforms developed by a broker, then Swissquote could be for you. Lime Fx caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences.

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.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.

Offering of investments

If you like to trade and manage positions from a powerful mobile trading app, then you should consider the Lime Fx. Founded in 2005, the broker is authorized and regulated by CySEC, FSCA, and ASIC, with one entity unregulated based in St. Vincent and the Grenadines. The Lime Fx forex trading app allows you to trade on more than 70+ currency pairs and access hundreds of shares, commodities, indices, and cryptos.

What are the Lime Fx’ withdrawal options?

The latest development of the in-house social trading service at Lime Fx introduced it to the resurgence in demand from retail traders for this sub-sector of trading. Investing in social trading represents an intelligent management decision and shows a fluid broker seeking to offer the best services to clients. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

When a broker prioritizes financial stability through measures like client money segregation and capital adequacy, it directly translates to secure and timely payouts for traders. If your funds are held separately, there’s no reason for the broker to withhold them. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points.

excellent customer support

Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. The customer service team via email, told me i had to withdraw the funds myself. They closed my account without my consent and never returned my funds. The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. Investigate each account type thoroughly to find the one that aligns with your needs the most.

Lime Fx also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions limefx courses scam to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance. While Eightcap offers a slightly lower spread for EUR/USD at 0.06 pips, Lime Fx offers a spread of 0.10 pips, on par with leading competitors like Pepperstone and Admiral Markets. This approach allows us to provide a transparent comparison of Lime Fx against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair. The account opening process at Lime Fx follows well-established industry practices but requires some more data than many international competitors.

Founded in 2011, one entity is authorized and regulated by CySEC, and one entity is not regulated. Beginner traders can access a free demo trading account and a commission-free trading account to trade 80+ financial instruments. During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance. Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Lime Fx provides a diverse range of trading platforms and tools, suitable for various trader preferences. While the overall platform and tools are rated as average, the choices available, including both MetaTrader options, cTrader, and a proprietary platform, align well with traders’ needs.

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