Yes, Lime Fx operates under strict regulations to ensure compliance with financial authorities and maintain a secure trading environment. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library limefx reviews of custom indicators, scripts and function database. Lime Fx brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
How To Make A Deposit
The $0 minimum deposit also makes the forex broker accessible for new traders. Whether you are facing technical issues, account-related queries, or need help with your trading platform, Lime Fx’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes Lime Fx a solid choice for traders who prioritize responsive and professional support.
Lime Fx applies a spread-based fee for forex trades, with no additional forex-specific charges. Lime Fx does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. I rate Lime Fx’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. Our team is happy to see that Lime Fx does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable.
Non-Trading Fees
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. While Lime Fx does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. 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.
Low-Cost Trading Structure
These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance. 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. Trading forex offers up unlimited opportunities to access and trade the financial markets.
This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. There are no commissions and tight spreads sourced directly from liquidity providers. While testing Lime Fx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method.
Lime Fx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so Lime Fx is behind the competition here. I am happy with the selection of fee-free funding methods accepted by Lime Fx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.
Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency. While the absence of additional security features could be a consideration for some, Lime Fx’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. Lime Fx is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, Lime Fx provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options. Lime Fx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital.
- Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours.
- Licensed under CySEC, MiFID, and MISA, Lime Fx provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.
- While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.
With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. Lime Fx provides responsive customer support to assist traders with inquiries or technical issues without promoting speculative trading practices. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Still, I feel that Lime Fx could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers.
The online broker covers a range of important topics including guides on foundational information for the forex limefx market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. Lime Fx offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero.
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. Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.