Lime Fx offers a good selection of tradable assets mainly focusing on the most popular assets and instruments selection, including cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin. However, the range is not as extensive as some competitors with thousands of trading products available, also instruments such as options, bonds, and Real futures are not available. While MT5 is known limefx scam for its advanced charting tools, additional order types, and a wider range of timeframes, Lime Fx only provides the MT4 platform along with its proprietary Trading Station.
For those just starting or looking to practice, the broker offers Demo Accounts, allowing traders to test strategies risk-free. Lime Fx is an international online broker that has been in business since 1999, making it one of the oldest brokers we have reviewed here at PipPenguin. Multiple authorities also regulate them, including CySEC, ASIC, FSC, FSA, FSCA, and more. They have also won numerous awards over the years and have a decent score on Trustpilot. As such, we rate this broker as safe even if they do not offer negative balance protection. Overall, the trading resources and educational material of Lime Fx are quite basic and are lacking in many areas compared to the top forex brokers we have reviewed.
However, it lacks two-step authentication, which is an essential security feature. Interestingly, our tests captured OANDA as having lower minimum spreads and lower average minimum spreads as well. To achieve this, your best bet is to use some sort of automation, which is possible with both brokers. In this review, we looked at how the Forex broker OANDA and Lime Fx compare.
Lime Fx offers floating spreads, but without the price improvement, average ones can be somewhat high. Therefore, traders should consider the trading time to ensure placing most trades during high liquidity times. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Lime Fx MobileTrader App
Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
- In terms of their Trustpilot score, Lime Fx has a 4.4 rating out of a possible 5 stars from about 350 or so customer reviews.
- When investing in crypto CFDs with Lime Fx, the trading fees are included in the spread and there are no commission fees when opening and closing positions.
- For instance, let’s say you buy and sell the EUR/GBP currency pair and during a given calendar month you reach $160 million in notional volume traded.
- We’d love to assist you further, but we couldn’t locate your account.
The Lime Fx No Rollover Fee Trading is automatic for all clients and is limited to a trade value of US$200,000, after which any funds above the threshold will be charged a rollover fee. It is available for web trading, mobile trading on iOS or Android, or as a download for Mac. The platform incorporates news and the economic calendar for easy access. It also includes access to some of the most popular Lime Fx trading tools.
You may be covered up to €50,000 in other regions, depending on your jurisdiction. With offices in major financial hubs, including London, Berlin, Sydney and Johannesburg, Lime Fx serves over 130,000 active client accounts worldwide. Yes, Lime Fx is a regulated broker in the UK, Europe, Australia, and South Africa, adhering to strict standards. Their global reach and regulation provide a high level of safety and security for traders. These stats show that Lime Fx completes your orders with no slippage more than 60% of the time.
The Market Data Signals section is just a feed of the Lime Fx Twitter account. They don’t give much in the way of analysis, but you can see images based on forex trading using the speculative sentiment technical indicators like the index indicator. Lime Fx also has many accolades that they have achieved throughout the years since they have been in operation. Spanning all the way back to 2011, with their most recent award being received in 2023.
Brokers By Country
Lime Fx and OANDA have carefully constructed trading costs – the Cost Score between the two is a tie with scores of 6 each. We elected to focus our comparison on the no-commission account since the is the most popular option retail traders are likely to use, which we assume our readers will be. Lime Fx won on this, but OANDA does have lower minimum deposits and inactivity fees, which allowed them to gain ground. Lime Fx does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads.
Active Trader Account
Lime Fx’s research tools for trading are decent but not the most comprehensive compared to what some other brokers offer. The platform includes some Trading Central tools I use regularly for technical analysis and trade ideas. I’ve used all of Lime Fx’s trading platforms, and I appreciate the flexibility they offer. In the UK, eligible retail clients are protected by the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 in the event of broker insolvency.
- The 1st tier ranges from $10 to $25 million traded per month and pays $5 per million, while the 5th tier pays $25 per million if you traded a minimum notional amount of $300 million per month.
- However, here you will need to select your country and again be redirected to the appropriate region-based server.
- Darren V. provide me an exceptional support, he request all the information regarding my withdrawal and i hope the funds will appear again in my account.
Thank you for your patience and understanding.Thank you so much for providing more information JC! Jacobo helped me out through the whole process from the first time he reached out to me to offer his help with the documentation to the very last moment I finally got to have my real account activated. Should you require any further assistance or have inquiries, please feel free to reach out. We remain committed to delivering excellence in your trading journey.
However, like most brokers, there are overnight financing charges if you hold a position overnight, which is something to keep in mind if you swing trade or hold longer-term positions. Trading baskets offer a convenient way to express broader market views without managing several individual positions. Less than 20% of brokers that we’ve evaluated offer this, and it is helpful both for strategy testing and risk management. You can trade seven days a week, just like on a live account, using Lime Fx’s proprietary Trading Station platform—to use another platform, you need to open a live account.
Lime Fx caters to most international traders, including residents of UK, Australia, South Africa, and Malaysia. Since 2010, Lime Fx has received 35 industry awards from well-respected sources. It confirms their commitment to limefx courses scam continue investing and improving their trading environment and maintaining a competitive edge for its clients.
Also, there is a MetaTrader Market with the biggest selection of free and paid tools. For your strategies, you can rent a VPS server so the strategy can run 24 hours per day. Overall, the MetaTrader is very user-friendly and shows high professionalism by customizing each tool and indicator. No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page. The broker provides a seamless experience with additional plugins and a user-friendly interface.
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