Lime Fx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. Although Lime Fx does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS).
The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. In conclusion, Lime Fx limefx scammers stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.
In the vast landscape of forex brokers, Lime Fx has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define Lime Fx as a brokerage choice for traders seeking precision in the forex markets. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. There are several reasons why I eventually joined this broker back in the day.
Lime Fx’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the Lime Fx MT4 platforms on Android and iOS smartphones and tablets. Lime Fx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. Lime Fx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed.
The deposit bonus is spot on
Lime Fx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Traded here for a while initially on demo, then traded couple of months on a live account.
Trading is for all
During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like Lime Fx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. It is interesting for me to cooperate with this broker cuz there’s an opportunity to hedge risks. My former broker didn’t allow this, so limefx website I am glad to be working with Lime Fx now. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.
- Traders have access to numerous deposit and withdrawal options at Lime Fx.
- Like, they dont lure you in with leverage, dont create 15 account types.
- Before making any trading related decision, contact a local professional financial advisor.
- Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
- Lime Fx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.
MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that Lime Fx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
Trading Accounts and Conditions
As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. Yes, it is possible to have a profitable strategy when trading with Lime Fx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I rate Lime Fx’s customer service as top-notch in terms of responsiveness and speed.
New traders should start with the eight Forex Basics articles. Lime Fx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. I’ve been trading with Lime Fx for several months straight, and I can claim that conditions here are pretty remarkable. I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it. Execution is faster than the speed of falling comets during shooting stars season, thank you guys for that.
Unique Features
It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it. It’s a good broker for intraday trading because trading conditions allow to earn on every move. I can picture my collaboration with the broker is mostly positive for me.
It looks interesting, because there is a fast execution that ensures no slippages and requotes occur. Sometimes, maybe when there is a big load of traders and millions of trades are executed simulateonsly, thre might be delays, but if you work with pending orders during such periods, then no worries. Also, they have a cool leverage, it’s not too big and not too small, something that I really need.
The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders.