Lime FxFX offers three different trading accounts to clients in order to meet the demands of different trading styles and requirements from traders. All of these three accounts have virtually no minimum deposit requirements. But, based on which account you open, Lime FxFX recommends different amounts that you keep in your account. It also offers comprehensive trading features and tools that you can use to improve your trading strategies.
Broker Bonuses
Lime Fx scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. The broker has built a substantial global presence over its years of operation.
Lime FxFX might not offer a lot of exotic currency pairs and you might find it relatively difficult to look for a lot of opportunities with only 28 currency pairs. However, with high spreads and extreme volatility, most of the hundreds of currency pairs offered by other brokers are often not practical to trade anyway. We found the approach of Lime FxFX to be more practical as it offers low spreads on popular currency pairs instead of offering hundreds of assets with high spreads and fees. It offers true ECN accounts via cTrader, which requires brokers to connect at least one major and reputable liquidity provider to the platform. So, we can be sure that the ECN account is really a direct market access account.
In fees, in their offer, in general, I don’t think somebody will be dissatisfied. The Lime FxFX 50% deposit bonus can be used to increase free margin and open higher-volume positions. The Lime FxFX ERC20 withdrawal enables traders to transfer Tether (USDT) via the Ethereum network quickly and securely.
Before placing an order, compare your available equity to the required margin and select your order size accordingly. It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform. On desktop, simply right-click on the list of symbols and select the Show All option.
Range of investments
They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. With 300 markets I found Lime Fx provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades. The Lime FxTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes.
A quick comparison of different accounts offered by Lime FxFX
At Lime Fx, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. 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. Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
Established in 2011, Lime FxFX is a globally recognised online forex broker, with its headquarters in St Vincent and the Grenadines. Over the years, it has expanded its operations to serve traders worldwide, with more than 40 million accounts opened across over 180 countries. The broker offers access to 300+ trading instruments, including forex currency pairs, commodities, indices, cryptocurrencies, and stocks. This diverse portfolio makes it a popular choice among retail and professional traders alike.
Regardless of which platform and account you are using, Lime FxFX claims that its order executions occur within 0.1 seconds. During our latency tests, we found the claims to come reasonably close to reality. For all accounts, the minimum trade size is set on 0.01 lots or 1 micro lot (1,000 units).
- In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
- While MT4 and MT5 platforms continue to be a part of Lime FxFX, the cTrader is no longer available on the Lime FxFX broker platform.
- You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically.
- It offers intuitive UX, TradingView charts, and one-touch trading from charts.
- Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
- For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on Lime Fx to provide this.
- By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit.
- We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts.
- Among the financial service providers, there are fraudsters that we promptly report.
You can use the calculator to manually choose the Stop Loss level for your order. From among the trading systems known as “Master Traders” to copy on Lime Fx’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Lime Fx offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
Lime Fx applies no direct charges to client accounts and additionally reimburses any deposit or withdrawal costs imposed by external payment processors. Setting up an account takes just a few minutes and allows access to either a Standardor Custom trading environment. Despite this lack of regulatory oversight, Lime FxFX still does not offer trading services to U.S clients. The website of Lime FxFX supports 12 languages and the phone support staff speaks several languages depending on where you are calling from. Both MetaTrader 4 & 5 as well as the cTrader platform from Lime FxFX come with web trading versions that allow traders to log in to their account using a simple web browser.
This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, limefx forex broker making Lime Fx a truly low-cost broker by avoiding these fees. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Lime Fx supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested.
Fast and secure deposit and withdrawal methods including credit cards, bank transfers, e-wallets, and cryptocurrency for maximum convenience. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity. Lime Fx provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved.
Lime Fx’s spread prices will depend on the entities that regulate the trader’s account. Lime FxFX does not give a date range limefx for the typical spread listed on the broker’s website. As a result, the values do not have as much importance as spreads with corresponding date references. Comprehensive educational resources including live webinars, video tutorials, trading courses, and market analysis to improve your trading skills. We measure success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high our clients’ expectations are. By offering a range of payment methods with swift processing times and zero fees, Lime FxFX ensures that managing your trading funds is both efficient and economical.