Lime Fx provides a diverse range of highly informative educational materials in both written and video formats. The broker has published multiple eBooks and hosted hundreds of webinars, along with maintaining a podcast with regular episodes. Its educational content is thoughtfully designed to cater to traders of all experience levels. Lime Fx offers Islamic accounts for swap-free trading under Shariah law. Clients must contact the broker’s customer support to request further assistance. For those looking to test trading strategies, Lime Fx also offers Cent accounts.
A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action.
Account Types and Terms
The broker provides you with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat. The responses arrive in a prompt and efficient manner from my experience. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law.
In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s operating history, company size, and information transparency. This website is not https://limefx.vip/ directed at EU residents and falls outside the European and MiFID II regulatory framework. Lime Fx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa.
Introducer Brokerde Lime Fx
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 they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
The Global Multi-Asset Broker
My live tests demonstrated that Lime Fx charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. Lime Fx is an ideal choice for news traders because of its comprehensive market research offering.
- Another perk for scalpers is the one-click trading feature available on MT4.
- MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels.
- Lime Fx provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads.
- The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading.
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. In conclusion, I rate Lime Fx to be a reliable broker that caters well to day traders and algorithmic traders.
It also stands out with its tailored offerings for crypto traders, including a remarkably low BTC/USD spread, the option to use BTC as a base currency, and support for payments via digital currencies. Lime Fx, founded in 2010, is a forex and CFD broker regulated by multiple authorities, including ASIC, FCA, and under MiFID regulations. While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market.
The assortment is wide enough to accommodate the basic needs of most types of traders. However, the broker does not provide any low-risk securities, such as ETFs, bonds, or vanilla options. Lime Fx is one of the few brokers that allows traders to choose between fixed and floating spread accounts.
MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team.
Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. Lime Fx offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options.
What CFDs Can You Trade With Lime Fx?
- There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally.
- 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.
- Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
- Lime Fx is a market maker in which the broker serves as a principal to client orders.
They are ideal for algorithmic testing, allowing traders to evaluate strategy performance in a real-world trading environment while minimizing potential losses. Phone support is only available to active clients with their account managers. After conducting a series of tests, I concluded that Lime Fx’s multilingual customer support is fast and reliable. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. Lime Fx provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage.
Overall, Lime Fx is a very well limefx reviews established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets. The advanced trading technology incorporated ensures that the trading conditions are some of the best available with competitive spreads (fixed/variable) and competitive trading costs. There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally. Furthermore, the charitable work they do is very commendable and good for the community. The broker offers industry leading products and services that I think can be a great option for retail and institutional clients alike.
Compare Lime Fx
Lime Fx offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts. Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers. I found Lime Fx’s selection of tradable instruments diverse enough to accommodate most trading strategies. The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee. Lime Fx could improve its offering by including vanilla options or Asian stocks.
Desktop Experience
The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups. While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading. Lime Fx enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. If you prefer a fixed spread for your trading strategy then you could consider a no commission account.
Therefore, to cater to the needs of almost any type of trader, we offer exclusive account types. Get the most out of our 6 different account types, 3 Live and 3 STP/ECN with the lowest spreads and flexible leverage. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions.