The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at Lime Fx, and the overall product remains impressive.
Trustworthy, Transparent and Fair
The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. Lime Fx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one limefx forex broker that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
Regulated, Transparent and Fair Trading
- As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders.
- Lime Fx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal.
- Bank wire transfers are on the 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.
- The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
- With fast processing times and no deposit fees, Lime Fx makes it easy for traders to manage their funds efficiently.
Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. Traders have access to numerous deposit and withdrawal options at Lime Fx. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Here is a screenshot of the Lime Fx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader.
Customer Service
On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. 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 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.
As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. Lime Fx utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. 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.
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. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. Our team highly rates Lime Fx’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs.
All trading is conducted through desktop or mobile MT4 applications. Lime Fx provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take limefx broker reviews a decision on the trade. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
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. Lime Fx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. Lime Fx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. 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. However, bank cards and wire transfers take up to five working days. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.
Lime Fx’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. With fast processing times and no deposit fees, Lime Fx makes it easy for traders to manage their funds efficiently.
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.
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. Lime Fx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. Opening an account with Lime Fx is a straightforward process designed to get traders started quickly. Lime Fx does not charge specific fees for CFD trading beyond the spread.
Lime Fx provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform. Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). 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.
This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. Lime Fx provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders.
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