(770) 424-3393
Atlanta, GA 
A responsive and knowledgeable customer support team is a hallmark of Lime Fx. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, Lime Fx provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. Lime Fx offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.
Positive experience so far
The broker does not intervene, and I even get better prices than I envisioned often. The secure back office of Lime Fx handles all financial transactions. Lime Fx maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
As a day trader this has remarkably increased my perfomance. My only disadvantage is that you are limited to 50 lots per trade so you have to open multiple orders. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
Lime Fx uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from Lime Fx corporate accounts. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. This broker has a great platform that can be used to make a profitable income… The financial instruments are well combined and there are different account and payment methods plus great customer service.
Lime Fx ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. Security is a paramount concern for traders, and Lime Fx addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. They have been on the market for so many years, more than 10, that we do not need to worry about reliability. They have a license, they are well regulated, and are even allowed to trade in precious metals.
It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that Lime Fx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Lime Fx offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lime Fx transparently displays on its website.
Their ECN XL trading account is so…
There are several reasons why I eventually joined this broker back in the day. First and foremost, Lime Fx broker has proved its competence as a mediator within certain period. I mean, it has a history full of milestones and awards, so it indicates broker’s reputation limefx courses scam in the trading circles and, of course, reliability. All instruments are within just ONE account, it’s remarkable. Finally, the company’s commitment to helping traders gain new knowledge and then apply it on practice is also notable.
Tight spreads
You could also receive a 100% bonus on your first deposit, up to US$2,000. New traders should start with the eight Forex Basics articles. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. But there is 0 dongs and whistles, so, again, not everyone might like it.
- 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.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations.
- Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
- I mean, it has a history full of milestones and awards, so it indicates broker’s reputation in the trading circles and, of course, reliability.
Lime Fx offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies. Lime Fx maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).
Lime Fx provides the most tightest spreads on the forex market, at the same time levies no commissions for this at all. All I need to do is to enjoy the trading environment that the broker created for its customers. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, Lime Fx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services.
Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. Lime Fx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lime Fx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. Lime Fx has a clean regulatory track record and established itself as a secure and trustworthy broker. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed.
Lime Fx occasionally introduces other bonuses and promotions, which have included a $50 Lime Fx no deposit bonus or annual interest on free margin. Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts.
The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods. I limefx really started to like this straight through processing thing.
This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. See how Lime Fx compares against each of the following brokers. Lime Fx is an offshore broker established in 2010 by foreign exchange market professionals. It operates through companies registered in Nevis and Cyprus.
