.jpg)
These combine well with Lime Fx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. Besides the very frustrating withdrawal charge, Lime Fx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. The most frustrating absence is stocks, which limefx scammers are entirely missing, though traders can at least speculate on stock markets through index CFDs.
MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. 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 a decision on the trade. Lime Fx comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders. It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher.
- I feel like each one of us needs to find 1 broker he “clicks” with.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
- Information secured in this fashion is virtually impossible to hack in any short amount of time.
- Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, Lime Fx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders.
- Embedded tick charts are an extremely useful way to determine accurate entry and exit points.
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. Lime Fx’s investment offering is excellent for forex traders but weak in other departments. Withdrawals at Lime Fx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method.
Lime Fx Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. 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.
Customer Reviews
Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. ST5 is the world’s most popular online financial transaction terminal. It is an essential trading tool for all investors participating in online financial markets. Lime Fx offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes.
- On the downside, Lime Fx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
- Opening an account with Lime Fx is a straightforward process designed to get traders started quickly.
- The broker teases customers with decent customer support that we get through live chat, email, and phone calls.
- 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.
- I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience.
- These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies.
Lime Fx 100% First Deposit Bonus
.jpg)
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. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Flexible Account Options
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. Lime Fx offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads. The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders.
However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. Lime Fx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. 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.
Is Lime Fx A Good Broker For Day Trading?
These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features. 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.
As a comparison, Fusion Markets offers 10 deposit currencies, which limefx company reviews can help prevent the need for often costly conversions. Once these steps are completed, traders can access their account and begin trading immediately. Lime Fx applies a spread-based fee for forex trades, with no additional forex-specific charges. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. Lime Fx can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets.
Web Trading Apps
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.
