Lime Fx’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs.
Is Lime Fx regulated?
While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Trading Accounts and Conditions
Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and Lime Fx is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. Lime Fx advertises free VPS, supporting automated trading solutions. The service provider is BeeksFX, but Lime Fx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
Lime Fx Trading Hours (GMT +
- The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders.
- 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.
- The swift online application at Lime Fx requires a name and e-mail.
- Lime Fx is an ECN broker and only maintains one ECN account for all clients.
- If you fund your account in a different currency, Lime Fx will use Hellenic Bank’s exchange rates, published here.
Bank transfers are subject to a US$500 limefx reviews minimum threshold and incur fees in excess of US$30. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with Lime Fx has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter.
Lime Fx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, Lime Fx maintains active social media profiles limefx scam on Facebook, Twitter, LinkedIn and other networks. 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.
Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. 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. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Lime Fx offers traders a competitive commission-free trading environment.
Reasons plus to Choose Lime Fx As Your Trading Broker
As payment options vary from country to country, we suggest creating a free account on Lime Fx.com to see which options are available to you. Lime Fx supports the MetaTrader 4 platform, made popular through its support of trading robots. Lime Fx welcomes all trading styles, including hedging, scalping, and arbitrage, and places no restrictions on your use of Expert Advisors. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments.
Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. Lime Fx has unusually competitive dealing spreads that you can gauge by opening a free demo account. Lime Fx offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies.
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. Lime Fx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position.
The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. Lime Fx’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our Lime Fx review to find out if this broker would be appropriate for your needs. 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.
The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lime Fx transparently displays on its website. Lime Fx deploys an ECN/STP execution model and does not manipulate quotes. Lime Fx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts.
Lime Fx Alternative Brokers & Comparisons
Lime Fx shows clients how to obtain the most up-to-date rates, a step many brokers omit. The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).