Lime Fx provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. Lime Fx is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. Lime Fx is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs.
- Lime Fx, established in 2011, is a well-known forex and CFD broker that has gained widespread global recognition over the years.
- Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com.
- Lime Fx (formerly Lime Fx) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
- Overall, I rate Lime Fx as an innovative broker with a client-centric focus.
Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Choose from 300+ trading instruments, including shares, commodities, and indices. Lime Fx also operates under other entities that are regulated by lower-reputation organizations.
We are so thrilled to hear you have gained confidence you require on Lime Fx platform. We are so pleased to hear that Lime Fx is providing such a informative platform. Thank you so much for taking the time to give Lime Fx such a good review. To open an account with Lime Fx, click the Open Account button at the top right of the homepage, or access the registration form through the signup page link. For every deposit of at least $50, you automatically receive a 50% bonus. This bonus is available for every deposit you make, not just the first one.
CFDs
The availability of these payment methods may also depend on your country of residence. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Lime Fx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
Lime Fx FX Charting and Tools
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. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies. The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30). The fact that Lime Fx offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged.
Lime Fx offers competitive spreads across its platforms, with major currency pairs such as EUR/USD starting from as low as 0.4 pips. For those using ECN accounts, spreads can be even tighter, although a small commission is charged per trade. Combined with the broker’s fast execution speeds, these features make Lime Fx an appealing choice for traders of all experience levels. Lime Fx offers competitive trading fees, making it particularly attractive for traders looking for tight spreads. https://limefx.biz/ The broker provides commission-free trading on its Standard accounts, with low spreads starting from 0.4 pips on major currency pairs, which enhances cost-efficiency for clients. Additionally, Lime Fx does not charge any fees for deposits or withdrawals, further reducing the overall trading costs for its users.
The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. The user-friendly interface of Lime Fx simplifies the trading process, making it accessible and enjoyable for both beginners and experienced traders. Impressed with Lime Fx’s reliable platform and comprehensive market insights. They offer excellent customer service and professional trading tools. No, Lime Fx charges no commissions on deposits or withdrawals, making the process cost-effective for traders.
During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.
Fees and Commissions
For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA. By being regulated across multiple jurisdictions it allows Lime Fx to provide retail financial services to traders across 180 countries. I found all platforms Lime Fx offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website.
Is my money safe with Lime Fx?
I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Lime Fx supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. As an ECN (Electronic Communications limefx scam Network) broker, Lime Fx delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential.
It focuses on providing a straightforward trading experience while still offering essential features, such as Space—a built-in feed that provides expert analysis and real-time market insights. This makes Lime FxTrader an excellent choice for those looking to learn the ropes of online trading in a user-friendly environment. MetaTrader 5 is a feature-rich platform designed for more experienced traders who seek advanced tools and in-depth analysis. With a wide array of technical analysis tools and customization options, MT5 is perfect for those who require a more complex and flexible trading experience. The Lime FxTrader account is designed for beginners, offering 80 trading instruments, including 35 currency pairs, gold, silver, and other assets.
The platform is so easy to use and it’s a legit brand so definitely there is nothing I wouldn’t like but one specific would be the copy trading platform which makes trading a lot easier. I like the daily analytics on the assets, they are invaluable for a day trader. I do not even have to make analysis with these, as i can watch out what patterns are forming and take trades according to the analys. Yeah, they are not perfct and i have lost some trades, but i’m still in profits and can’t complain.
- Even a quick glance establishes why the firm is so willing to share.
- Lime Fx provides several account types to suit a variety of trading needs, including the Micro, Pro, and ECN accounts, each offering unique features and benefits.
- Additionally, approximately 30 cryptocurrency assets are available (also during weekends).
- CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit.
- They also require the same payment information for deposits and withdrawals, preventing unauthorized third-party transfers.
- Its Lime Fx.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.
ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits. The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader. In my view, Lime Fx’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. Lime Fx offers a variety of educational tools, including webinars, tutorials, and articles, aimed at helping traders develop their market skills.
MetaTrader 5 provides advanced tools and features for experienced traders, while Lime FxTrader offers a simplified, beginner-friendly experience. Beyond its diverse selection of financial products, Lime Fx is dedicated to supporting its clients with the right tools to succeed. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts.
Get insights and exclusive content from the world of business and finance that you can trust, delivered to your inbox. Lime Fx’s mobile trading apps are reliable and well-rated, making it an average choice for investors who prioritize mobile trading. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Indices
For example, Lime Fx clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. We performed our tests with a live account, using the MetaTrader 5 and Lime FxTrader platforms, opened with the Lime Fx Saint Lucia entity (Lime Fx Markets Inc.). Time to admit I guess – I could not be more wrong about their platform.