In the following paragraphs, we will explore each of these tradable instruments in greater detail, highlighting the unique features and opportunities they present. Reliable customer support is essential limefx broker reviews when trading with any broker, and Lime Fx recognizes this importance by offering efficient and accessible service. Traders can reach Lime Fx’s support team 24/5 through multiple channels, including email, phone, and live chat.
See how Lime Fx Support Compares Against Other Brokers
However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. As a trader, you should feel confident that your financial investments are in good hands with Lime Fx. So take the time to research Lime Fx thoroughly and make the most of your online investing experience. Lime Fx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. Lime Fx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Lime Fx enhances the mobile trading experience by offering the MT4 and MT5 applications, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.
- I started my career in investment banking in London as an FCA-approved person.
- Even if an Lime Fx trader experiences a significant loss, they will never owe more money than what is available in their Lime Fx account balance.
- While we found the Lime Fx phone support satisfactory, there is room for improvement in response time.
- Apparently, FX Central Cleaning Ltd is not particularly worrying about the risk of a large number of scalpers (earning on short-term timeframes).
- It’s important for Lime Fx traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks.
Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation. Additionally, Lime Fx does not charge any deposit fees, enhancing its appeal to cost-conscious traders. I was impressed by Lime Fx’s innovative one-size-fits-all trading account, which combines zero commissions with raw spreads. In some cases—like trading the EURUSD pair—traders can essentially open positions at no cost.
Lime Fx offers a universal trading account called ECN XL, which features zero commissions and raw spreads starting from 0.0 pips. There is no minimum deposit requirement, and traders can convert their accounts into Islamic accounts for swap-free trading. Lime Fx offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available.
Does Lime Fx charge any commissions on trades?
Trading conditions and execution time is out of this world.What mostly makes me happy the most is the 0 spread and zero commission. My only disadvantage is that you are limited to 50 lots per trade so you have to open multiple orders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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. I’ve been trading with Lime Fx for a few months now, and so far, it’s been a good experience.
From my testing, Lime Fx’s spreads are generally on the lower end, though its swap fees are noticeably higher. That said, the broker doesn’t charge volume-based commissions, has a modest inactivity fee, and only applies a handling fee on withdrawals. I was glad to see that Lime Fx has maintained its competitive pricing since my last review—and in some cases, like with the EURUSD pair, it’s even improved. You can trade on MetaTrader 4 or 5, and there’s even free VPS hosting for those who want low-latency or automated trading setups. Lime Fx’s ECN XL account is a nice touch—it mixes raw spreads with zero commissions, giving traders a solid pricing edge. Overall, strict financial regulation is essential for ensuring that trading platforms like Lime Fx operate fairly, transparently, and responsibly, which ultimately benefits all Lime Fx stakeholders involved.
Response times are generally fast, ranging from just a few seconds to about two minutes. My only minor complaint is that support is currently available only in English. Lime Fx offers only 98 CFD instruments across currency pairs, commodities, indices, and cryptocurrencies.
Overall, based on the numbers above, one can say that the brokerage has achieved acceptable scores from users and trust platforms. Traders looking for a more extensive selection, particularly in stocks or exotic instruments, may find the offering somewhat limited compared to some larger brokers. Besides, there’s an ECN Promo account introduced by the company, but it’s not available yet. Besides these accounts, a demo account is provided for practice.
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. Lime Fx’s investment offering is excellent for forex traders but weak in other departments. Once these steps are completed, traders can access their account and begin trading immediately. Lime Fx’s seamless process makes it easy for users to get started.
Lime Fx offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies. The platform is equipped with advanced analytical tools, including technical indicators and charting features, to help traders analyze market trends and make strategic trading decisions. Whether you are bullish or bearish on broader market movements, Lime Fx’s indices trading platform provides the necessary tools and resources to execute your trading plans with confidence and precision. Lime Fx offers an extensive selection of tradable instruments, providing traders with the flexibility to diversify their portfolios across multiple markets.
Stocks are a prominent offering at Lime Fx, providing traders with access to a wide selection of individual company shares from major global markets. Lime Fx partners with leading stock exchanges to offer an extensive range of stocks, including blue-chip companies, mid-cap stocks, and emerging market equities. Traders can explore shares from various sectors such as technology, healthcare, finance, energy, and consumer goods, allowing for diversified investment strategies. Additionally, Lime Fx provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions. Indices trading is another key offering at Lime Fx, allowing traders to gain exposure to the performance of entire stock markets through major global indices. Lime Fx provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225.
The state-of-the-art platform receives good feedback and reviews online for its easy-to-use interface and reliability. The platform, which is free to download, is packed with advanced trading features, including a built-in library of over 50 indicators for technical analysis. There is also access to market, pending and stop orders, plus embedded tick charts for accurate analysis.
- For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus.
- Verification can help ensure real people are writing the reviews you read on Trustpilot.
- When it comes to online trading with brokers like Lime Fx, carefully review Lime Fx as your broker can make or break your success.
- With Lime Fx, you can open a trading account denominated in US dollars, euros or British pounds.
- The Lime Fx Trader Mobile Platform offers traders full access to all trading instruments and tools without the need for any downloads.
The MT5 platform features a massive range of 21 timeframes and also supports one-click trading and DoM trading, making it a suitable choice for scalpers. Additionally, Lime Fx provides free VPS hosting for low-latency trading and achieving average order execution speeds of below 10 milliseconds. Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. These combine well with Lime Fx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders.
Lime Fx offers a solid range of educational content, including articles and ebooks. The ebooks, in particular, stand out for their depth and coverage of key trading concepts—making them a valuable resource for learners. The broker also maintains a blog with in-depth articles, though video content is currently not available. Lime Fx incorporates MetaTrader 4 and MetaTrader 5 for desktop, web, and mobile trading. The two platforms are the most popular among retail traders and have high functionality. Lime Fx also provides free Virtual Private Server (VPS) hosting for low-latency trading.
In other words, Lime Fx leverage profits and losses are magnified limefx broker reviews when trading. For instance, using CFDs, you use the Lime Fx trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.