It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. Live Averaged Spreads and Commissions of Lime Fx Trading Broker Accounts. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law.
Powerful Platforms for All Devices
One of the standout benefits of Lime Fx is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. Lime Fx Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex limefx broker reviews news.
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Applications for Corporate trading accounts should be submitted when a Legal or Registered Corporation intends to open an account. On the Corporate Account Application form, you will find areas specially designed for assigning an Authorized Representative(s), to trade, deposit or withdraw on behalf of the applicant. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
Trading Fees
The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, Lime Fx’s ECN XL account provides a solid, flexible option. The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”.
Overnight Funding Fee
A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. Your mission is very simple – to recommend our services to prospective clients. 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. We do not provide financial advice, offer or make solicitation of any investments.
Trusted and Secure Broker
You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. Lime Fx stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, Lime Fx provides a range of tradable instruments, though the absence of stock trading may be a limitation for some.
Regulated, Transparent and Fair Trading
- Having tested hundreds of forex brokers, I feel that the Lime Fx’s education section is fairly average, with a decent range of materials available but nothing that stands out.
- Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero.
- It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time.
- You can benefit from a range of competitive trading conditions, such as low spreads from 0.0 pips, zero commission fees and reliable execution speeds.
- Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
- I also find the FAQs section on the website a useful way to solve basic queries.
- ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Our team is happy to see that Lime Fx does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. Our team rates Lime Fx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. Bank wire transfers are on the limefx forex brokers reviews slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so.
ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes. Your trades are made on prices provided to Lime Fx by its liquidity providers. This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself.
- Whether you’re trading major currency pairs or exploring commodity markets, Lime Fx provides the necessary tools and instruments to engage effectively in global financial markets.
- These are useful resources, but Lime Fx still lags some behind industry leaders like eToro with its comprehensive forex education academy.
- This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies.
- Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.
- But it’s worth mentioning here that past performance never promises a profitable future.
The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I do feel slightly let down that the Lime Fx demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. I am satisfied with Lime Fx’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.
The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers.