Lime Fx Review year Pros & Cons Revealed

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.

Research Tools and Insights

Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved. Also, Lime Fx reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade. Lime Fx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot.

Lime Fx’s Trading Fees

While I recommend the Absolute Zero account limefx scammers for traders, the Demo Floating Spread offers the most realistic demo trading environment. Lime Fx provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. X (formerly Twitter) and Meta portals are active and populated. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.

1. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance.
2. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible.
3. There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment.
4. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
5. You can learn more about ourindependent review processand partners in ouradvertiser disclosure.

This review will fully report Lime Fx’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. Hi Leroy,We are sorry to hear about your negative experience. However, we would like to clarify that Lime Fx does not engage in any fraudulent or manipulative practices. This will enable us to identify any possible issues and address them accordingly.Regarding your mention of an account manager, please note that we do not offer any account management services.

I have been trading with Lime Fx for…

We do not provide financial advice, offer or make solicitation of any investments. 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. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes.

Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. In my experience, limefx reviews market execution is better suited for day trading and position trading strategies where volume is important.

We aim to help you find the best broker according to your own needs. You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure. There are all of the major agriculture and energy commodities that you would expect to find with a top broker like Lime Fx. One thing in particular I like that sets Lime Fx apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education. This shows strong business ethics and a responsible corporate attitude by supporting community development.

I did as I was told and sent an email to the address that the agent provided. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. This is a problem that is inherent to almost all trading apps. With respect to data security, Lime Fx uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition.

The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. We use dedicated people and clever technology to safeguard our platform. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app.

Research & Education

Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. There is a very high degree of risk involved in trading securities. 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. Lime Fx offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623.

I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices.

Lime Fx accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. Lime Fx has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at Lime Fx is $50 for most accounts, except for the Zero Spread option, which requires $500. Lime Fx is a multi-regulated broker, and account verification is mandatory.