This is an impressive selection of stock CFDs and is beyond the offering of most brokers. On the home page of the website, Lime Fx claim to have 16 platforms available. However, drilling a little deeper and you will see in reality that they only offer platforms based around MetaTrader4 (MT4) and MetaTrader5 (MT5). It is just that Lime Fx counts the various device versions of the same platform. This is bending the truth slightly and is probably an attempt to make up for the lack of proprietary platform or options other than the ubiquitous MT4/MT5.
Trade Execution
The ASIC regulation is top-tier and means limefx scammers that Lime Fx needs to run a responsible, ethical and professional company to service its clients. The history of growth and stability over the 11 years of trading gives us confidence in Lime Fx. Although it is not a public company or has a bank attached, we believe they have a strong track record. Lime Fx TV is a great addition for videos whilst podcasts are also now on the site.
After a 90 day dormant period an inactivity chart is levied at $5 per month (you all lose all bonuses or promotional credits). With Lime Fx, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant. We consider six months or sooner to be bad, whilst 18 months and above is generous. If you are tight for time, here are some of the important features that we like about trading with Lime Fx. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points.
Lime Fx does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that Lime Fx can set the price that traders receive. We believe that Lime Fx’s spreads are reasonable but not as competitive as some rival brokers.
We like the fact that Lime Fx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals. For traders outside Europe and under the Lime Fx Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform. Inactivity fees are another of the important non-trading fees that you can incur.
- It is just that Lime Fx counts the various device versions of the same platform.
- As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads.
- Lime Fx also presents comprehensive research and educational feature, ranging from daily news, research on market conditions, forex seminars, and live education with 20 multilingual professionals.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Is Lime Fx A Market Maker?
From the regulatory perspective, Lime Fx is supported by licenses from the CySEC and the FCA. So far, Lime Fx claimed to have executed a total of 1.4 billion trades with remarkable zero repeats or rejections. You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand. The webtrading terminal offers instantaneous trade execution and allows traders to buy and sell various assets, such as stock indices, forex, cryptocurrencies, precious metals, and energies. We found different Lime Fx trading platforms to meet the needs of traders with different levels of experience. Furthermore, the broker provides access to desktop and webtrading via an MT4 MultiTerminal and an MT4 webtrader for PC and Mac, respectively.
Lime Fx Micro accounts have more base currencies available to choose from, ranging from the USD, SGD, AUD, EUR, GBP, JPY, CHF, ZAR, RUB, HUF, and PLN. This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit bonuses yet. Lime Fx utilizes a variable spread in its platform, mimicking the way the interbank foreign exchange market offers prices to its clients. The main purpose of this variable spreads is to eliminate the requirement for an insurance premium. As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads. So, by offering variable spreads to its customers, Lime Fx broker successfully avoids these issues.
The Disadvantages of Forex Trading with Lime Fx
MT4 and MT5 are both powerful platforms, built for multi-asset trading. They offer dozens of indicators, multiple charting styles, timeframes and order types, plus support for automated trading through expert advisors (EAs) and scripts. limefx scam Importantly, Lime Fx stands out for its $5 minimum deposit – lower than almost every broker we have reviewed. This makes the brokerage a good option for beginners and those with less starting capital. The only exception to this is the Shares profile, which requires a $10,000 minimum investment.
Lime Fx Broker: Pros and Cons That You Need to Know
The “Lime Fx mark-up” on financing charges is not unique amongst brokers but some do not add any fees to the standard tom-next rate formula. We like the zero fees that you get on deposits and withdrawals (except for wires below $200). Inactivity charges are low on the monthly rate but kick in after only a short time.
Since I became a pro trader, I believe that fundamental knowledge and risk management are not to be underestimated. We believe that choosing the right broker is the key to success in online trading, and we are committed to helping you do that. If you’re looking for reliable and accurate information about brokers, you’ve come to the right place. Yes, Lime Fx is regulated by the Financial Services Commission, ASIC, and CySEC. Lime Fx is regulated by tier-one financial regulatory agencies, which ensure that it adheres to best practices when dealing with clients. If you trade using MT4, your webtrading will be done on the Lime Fx MT4 webtrading platform.
Lime Fx offers a choice of accounts to suit different trading styles, budgets and experience levels. European and UK clients, for example, can access the Ultra Low Micro, Ultra Low Standard or Lime Fx Zero accounts. Global clients, on the other hand, can open a Micro, Standard, or Lime Fx Ultra Low account. While using Lime Fx, we were particularly impressed with the turbo stocks, which offer highly leveraged trading on a handful of popular shares. The availability of fractional shares is also a bonus, allowing traders on a budget to speculate on high-value stocks. I really like to trade using more than one deposit option, how can I withdraw now?
Lime Fx stands out for its Islamic trading options, offering a dedicated Islamic account that adheres to Sharia law. This account type does not charge swap fees, which are considered a form of interest and thus prohibited in Islamic finance. Additionally, Lime Fx ensures that its Islamic accounts do not charge extra fees as a substitute for swap fees. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that Lime Fx does not charge for withdrawals helps to keep costs down for the trader.





