I have compiled the table below to help you better understand the difference between Lime Fx’s ECN XLl account and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. Lime Fx offers 100 tradable instruments that can be accessed via the popular MetaTrader 4 platform. With execution speeds of 60 milliseconds, Lime Fx is suitable for high-precision trading. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

Main Insights from Exploring Lime Fx’s Tradable Assets

While other brokers bury fees in footnotes, this platform serves transparency on a silver platter. Think of it as the Swiss Army knife of trading tools—versatile, reliable, and surprisingly lightweight. No wonder they’ve onboarded over 5,000 clients in competitive markets. 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.

To sum up the Lime Fx Review

Lime Fx offers a variety of convenient deposit options, ensuring that traders can fund their accounts quickly and efficiently. Deposits are typically processed within minutes, if not instantly. For cryptocurrency users, Lime Fx provides an added benefit with up to a 10% discount on each deposit made via crypto. Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation. Additionally, Lime Fx does not charge any deposit fees, enhancing its appeal to cost-conscious traders. In this Lime Fx review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.

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In addition to offering free access to a Virtual Private Server (VPS), Lime Fx currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (Lime Fx) decided to build on their vast market experience to become the most customer centric forex broker in the business. Lime Fx is committed to providing its users with educational resources through webinars, trading guides, and market analysis. The company helps traders to improve their skills, through which it attracts customers.

In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. On the other hand, the broker charges a handling fee for withdrawals and does not afford an alternative to MT4.

What’s their customer support like during Asian trading hours?

Focusing primarily on trading  opportunities in forex and CFDs, Lime Fx does not offer classic investment opportunities like purchase and hold of Shares. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page.

Lime Fx offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. 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.

Lime Fx also includes demo accounts so users may hone their trading techniques free from financial risk. This helpful method enables traders to put their expertise into use in actual market environments. Nevertheless, the instructional resources’ absence of interesting components like interactive quizzes or films could compromise the learning process.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. After 120 calendar days of inactivity, Lime Fx begins to charge dormant accounts a monthly inactivity fee of 5 units of the base currency (EUR, USD, GBP). This fee is waived once trading activity resumes or the account balance drops to zero.

• Lime Fx applies a spread-based fee for forex trades, with no additional forex-specific charges.
• If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points.
• According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.
• That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.

Additionally, it offers managed accounts so that trading professionals can trade on behalf of the broker’s clients. Lime Fx accepts payments via bank wire, e-wallets, and cryptocurrencies. The broker does not charge a handling fee on deposits and will reimburse its clients for any third-party processing charges. Most payments are processed within 24 hours, though transaction times may https://limefx.vip/ vary. It impresses with its extensive range of currency pairs comprised of multiple major, minor, and exotic pairs.

Lime Fx lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. While an Lime Fx no deposit bonus does not exist, Lime Fx offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. Lime Fx occasionally introduces other bonuses and promotions, which have included a $50 Lime Fx no deposit bonus or annual interest on free margin.

Forex Research

You can also see how to choose between market orders and pending orders. As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

• Lime Fx offers a range of handy deposit options to suit traders’ requirements.
• The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different levels to start trading in Lime Fx conveniently.
• The company providing very good spread conditions with Commission $0.

The mobile limefx scammers app version of MetaTrader 4 shares the same underlying issue as the desktop version. It feels rather cumbersome and, therefore, not suitable for carrying out penetrating price action examinations. The problem stems from the fact that the app has to be run on low-resolution devices, which do not afford wide overviews of price action behavior. The one-click trading option can be seen at the top-left corner of the image below.

It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Lime Fx does not have a proprietary mobile app, though MT4 and MT5 can be downloaded to Android and Apple devices. The mobile applications have proven to be stable and reliable during testing. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. These combine well with Lime Fx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.

The broker, however, does not incorporate research content from third-party providers. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Lime Fx offers 24/7 customer support via live chat, email, and phone in English.

It is relatively straight forward process to open an account at Lime Fx. You just need to click on the ‘Register’ button at the top-right corner of the brokers website. You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account.