Lime Fx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. Lime Fx has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. CFDs are available on currencies, commodities, international indices, shares, futures and treasuries.
Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law. It’s great that they serve clients from all different backgrounds and with different religious beliefs.
While Lime Fx offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers. The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market. Lime Fx offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Traders have eight account options at Lime Fx, where the minimum deposit is $0 for most. Broker research materials have been neglected, generating the biggest black mark in our review. The free Lime Fx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases.
The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. Our editors independently research and recommend the best products and services.
Lime Fx is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages. I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online.
Trade Forex and other CFDs on our bespoke MetaTrader 4 trading platform
You can choose your own leverage and have unlimited access to some of the largest liquidity providers through Lime Fx. This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity.
Platforms
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds.
Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes everything a trader needs to succeed in online forex trading. With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both novice and experienced traders. Lime Fx offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs. Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms.
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law.
- Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
- While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need.
- They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
- Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the Lime Fx account name.
Wide Range of Products
Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.
Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Lime Fx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.
Alternative Brokers
They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. I think the desktop version of the platform is great for running automated systems (expert advisors) whereas the mobile trading app is perfect for taking the markets everywhere with you in your pocket. Many years of experience within the trading industry has made Lime Fx experts at delivering flexible, bespoke and multifaceted trading platforms. By paying special attention to user interface design, they ensure that platforms are user friendly, practical, powerful, efficient, easy to navigate and satisfying to the needs of all different types of traders.
You can learn more about ourindependent review processand partners in ouradvertiser disclosure. Browse a list comprising of the most profitable limefx broker reviews traders and copy their trades and winning strategies in just a few clicks. Gain exclusive AutoTrade access upon request after your account is verified and start copying trades right away. This website is not directed at UK residents and falls outside the European and MiFID II regulatory framework, as well as the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
I would personally have no issue in trusting them with my funds and can therefore trade without worrying. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
Alternatively, you can become a Strategy Provider and earn performance fees by allowing other traders to copy your strategies. The better your performance, the more followers you’ll attract, resulting in higher earnings as they copy your successful trades. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal. Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. In addition, the broker provides affiliates, limefx reviews professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM).
