This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making Lime Fx a truly low-cost broker by avoiding these fees. One of Lime Fx’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. Lime Fx is one of the very few Forex brokers that offer local deposit options in countries like Indonesia, Pakistan, Malaysia, Thailand, India, Vietnam, and Nigeria.
These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Lime Fx does have a proprietary mobile app for trading, as well as for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. At Lime Fx, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading. This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities.
It started offering direct market access-based brokerage services to clients in 2011. Lime Fx is committed to providing a secure and transparent trading environment for its clients. The broker operates under multiple regulatory frameworks to ensure compliance with international financial standards. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union. Lime Fx Markets Ltd. holds an International Brokerage and Clearing House License, further enhancing its credibility.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
- The Lime Fx Masters fee is applied if you are copy trading with the broker.
- If you’re looking for an affordable, user-friendly platform with competitive trading conditions, then yes, it’s worth considering.
- This is because you will receive better protection and service from your local regulator should you need to enforce a complaint.
Copy Trading Review
A broad range of topics, from technical analysis to trading strategies and platform tutorials, are covered. With a perfect score in this category, Lime Fx has gone above and beyond to educate its clients. There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the Lime Fx offering is the provision of convenient, efficient, cost-effective access to the markets.
The account is available on both MT4 and MT5 trading platforms, and comes with market execution. Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go.
- This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage.
- Bring your trading to the next level with Lime FxTrader, Lime Fx’s own trading platform.
- I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time.
- Customer service at Lime Fx is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions.
Trading Interface
The Lime Fx Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, and 31 drawing tools also. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type.
Which Markets does Lime Fx offer?
According to the Lime Fx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. The spread for all available currency pairs offered by Lime Fx – including major, minor and exotic pairs are listed in the table below.
The broker offers reasonable times to process your deposit and withdrawals. Founded in 2011, Lime Fx has built a substantial global presence over its years of operation. The broker reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America. Lime Fx processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data. These substantial operational metrics match the broker’s strong positioning in search visibility.
What platforms does Lime Fx offer?
Lime Fx ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by Lime Fx.
STP (Straight-through processing) is basically done through electronic transfers. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. It allows clients to learn and try multiple risk management strategies without any deposit.
Risk Management
Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for them. The Micro account comes with the MetaTrader 4 platform and floating spreads start from 0.4 pips. If you want to open a fixed spread account, Lime Fx will accommodate you as well, but the fixed spreads will start with a minimum of 2 pips. By contrast, the Pro account only offers variable spreads that start from 0.2 pips.
MetaTrader 5
Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. The account opening process at Lime Fx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; Lime Fx MT4, Lime Fx MT5, and Lime FxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account.
It provides a range of core services, including charting tools to help clients limefx courses scam get into the markets with the right level of support. The fact that Lime Fx offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Lime Fx gives high priority to the ‘Analysis and Education’ section of its site. The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading. This guide ranges from a glossary of the basics to videos on the important question of which time frame to https://limefx.group/ adopt. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. This section of the site is well supported by the Customer Services and the Education sections of the site.