Lime Fx Review 2024: Read Before You Trade

Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with Lime Fx is simple, transparent and supportive for all levels of investors.

Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. Lime Fx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM). Lime Fx also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security. Lime Fx supports mobile trading via the MetaTrader 4 (MT4) mobile app.

For a wider range of asset classes, you might want to look for a different online broker. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which limefx forex broker spends thousands of hours each year assessing trading platforms. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads.

MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. I checked the usability of Lime Fx’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms.

Deposits

I always recommend that traders check them before evaluating the total trading costs. An account manager is available with all of Lime Fx’s trading accounts. When we used Lime Fx, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. New users can get started with TradeCopier in four easy steps. Withdrawal times vary depending on the banking provider but range from the same day to 10 days.

Many great securities across various classes can be found and traded here hassle-free. 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. Lime Fx does not offer trading services to residents of certain jurisdictions including USA, 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. You have your watchlists, indicators, and other tools on the left side of the window, a chart screen on the right, and account info at the bottom. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

SCAM company

The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders must ensure they execute risk management to avoid magnified losses. Lime Fx offers negative balance protection, meaning traders can never lose more than their deposits. The Lime Fx group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection.

Accounts Comparison

Lime Fx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.

1. It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times.
2. SSL encryption also secures all transactions and customer data.
3. Payments are processed fairly quickly, and traders can use multiple currencies.
4. Although Lime Fx lacks a proprietary trading platform and its Bermuda-based entity operates without regulation, I rate Lime Fx as a decent broker that caters to the needs of its clients.
5. Find a more reputable broker to use to save yourself the pain that I am going through.

I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The Lime Fx group presents clients with two regulated trading entities and maintains a secure trading environment. I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and Lime Fx won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on.

Initially very helpful when opening account and making a deposit. I was given an account manager ( Nemanja ) who contacted me to advise what would be happening. First week there were small gains and losses then in 24hrs all gone, account empty. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.

It’s a tried and true platform that’s been an industry favorite for ages. Plus, our webtrader version lets you keep an eye on the charts wherever you go. We appreciate your feedback and we’re glad you’re enjoying our reliable services. It means that all its services are aligned with the legal frameworks of the jurisdiction.

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 limefx scammers 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. Everything looks so laconic out here, I’d say even harmonical.I am trading with this broker for a couple of months and haven’t found any serious drawbacks so far. 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.

Lime Fx Review

In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. 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. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass Lime Fx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.

This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. Keep in mind that the dealing spreads above refer to normal market conditions. The spreads can widen considerably in fast or highly volatile markets.