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The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I rate Lime Fx’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me.
Robust Regulatory Structure: A Beacon of Compliance
This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. In the vast limefx company reviews landscape of forex brokers, Lime Fx has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define Lime Fx as a brokerage choice for traders seeking precision in the forex markets. Lime Fx offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals.
At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like Lime Fx with its 0.6 pips on the same pair. Spreads limefx on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders. Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important.
Lime Fx broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010. It helps professionals in the forex market trade currencies, cryptocurrencies, indices, energies, and metals using advanced technology. The company is known for focusing on its customers by offering competitive prices and favorable trading conditions.
Support
Lime Fx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. 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. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements.
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Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers. Believing firmly in the significance of having a multitude of liquidity providers in the ever-evolving forex market, we’ve cultivated robust relationships with globally acknowledged financial institutions. We aim to provide our clients with the most competitive forex spreads available, even under turbulent market conditions and during pivotal data and news releases, ensuring a sustained trading advantage. Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with Lime Fx. You can practice your forex trading skills or test new strategies without making a financial commitment.
You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account. This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies. I like how the process is all done online and shouldn’t take you more than a few minutes to complete. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays.
Range of Tradable Instruments
- The minimum deposit at Lime Fx usually starts at $100 or the equivalent in other currencies.
- If you have experienced other brokers, allow us the privilege to demonstrate why we consider ourselves unparalleled in the industry.
- Lime Fx stands out as a solid broker choice for traders looking for a low-cost, regulated platform.
- Rates, terms, products and services on third-party websites are subject to change without notice.
- Free demo accounts are available if you don’t want to take any risk whilst practising.
- Immerse yourself in the realm of unadulterated straight through processing and elevate your trading journey.
The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4.
Lime Fx 100% First Deposit Bonus
Lime Fx is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. Lime Fx also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market. Lime Fx also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets. Lime Fx’s commitment to providing an ECN – STP model enables our clients to experience an unparalleled level of transparency and efficiency in forex trading. The synergy of innovative trading tools, comprehensive market insights, and a seamless trading environment makes Lime Fx a preferred choice for traders seeking integrity and excellence in the world of forex trading. Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients.
Flexible Account Options
With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. I use Lime Fx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.
- With MetaTrader 4 WebTrader, you can execute trades, analyze market trends, and manage your trading account efficiently, all from the convenience of your web browser.
- Traders can use MT4, MT5 or the FOREX.com proprietary web-based or desktop trading app.
- Lime Fx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
- The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
- I like Lime Fx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
- Lime Fx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions.
A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. Lime Fx is committed to providing its users with educational resources through webinars, trading guides, and market analysis. The company helps traders to improve their skills, through which it attracts customers. The platform contains some excellent back-to-basic training for beginners along with intermediate and advanced educational facilities. A demo account allows new traders to practice trading without risking their own funds. Finding a reputable online broker offering the best trading toolkit and the financial instruments to suit your long-term financial goals is essential.
Inactivity Fee
Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.