I’ve been trading with Lime Fx for several months straight, and I can claim that conditions here are pretty remarkable. Our team is happy to see that Lime Fx does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. The speed of transfers varies according to the payment method used. Bank wire transfers limefx review 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. Forex ECN is the most proficient and transparent trading method available.

A newsletter built for market enthusiasts by market enthusiasts. Top stories, https://limefx.vip/ top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University.

Trading Hours

This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. 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. Lime Fx uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.

Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Lime Fx offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. Lime Fx supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform.

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. MetaTrader 4 is one of the most popular forex trading platforms in the world today. All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software (Expert Advisors or EA’s).

Lime Fx places a strong emphasis on trust and security for its users. 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.

• Lime Fx uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.
• MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions.
• Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.
• With MetaTrader 4 and MetaTrader 5, traders gain access to two of the most popular and powerful forex trading platforms in the world.
• The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.

Simple and Streamlined Process

Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. 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. Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes Lime Fx a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions.

If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. 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. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an Lime Fx XL account.

• Lime Fx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
• The account stands out as a competitive option for traders of all experience levels.
• I find Lime Fx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.

While this type of fee is not unusual, Lime Fx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. On the downside, Lime Fx’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals.

Fast and Friendly Support

Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. In fact at Lime Fx we believe this ECN account is not basic at all. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.

Our Opinion On Lime Fx

Since its inception, MetaQuotes has built an unrivalled reputation for innovation, consistently delivering intuitive and powerful trading platforms, services, and solutions for market participants worldwide. In addition to offering free access to a Virtual Private Server (VPS), Lime Fx currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader.

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. With MetaTrader 4 and MetaTrader 5, traders gain access to two of the most popular and powerful forex trading platforms in the world.

The World Best Trading Account

86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. With MetaTrader 4 WebTrader and MetaTrader 5 WebTrader, you can experience the full power of the MetaTrader platforms straight from your web browser without the need to install any software. Both versions offer a seamless, responsive interface, providing ultimate flexibility for traders who need instant access from any device with internet connectivity. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.

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. 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.

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. I like Lime Fx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with Lime Fx simple for beginners. Once these steps are completed, traders can access their account and begin trading immediately.

As with any financial transactions, the security of the information being transmitted is of fundamental importance. The Lime Fx MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, Lime Fx also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time.

Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions. Lime Fx offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available.