The results from our assessment show that Lime Fx is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. Lime Fx does not charge inactivity fees – a levy we see at many forex brokers we review.
- Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering.
- Our watch lists and alert signals are great for your trading education and learning experience.
- If there is a minimum monthly deposit or minimum balance with Lime Fx, you must always ensure that you are in compliance with Lime Fx account requirements.
- The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC).
- This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk.
How To Open A Lime Fx Account
Lime Fx is a leading international brokerage company, empowering traders worldwide with direct access to major global financial markets. Our commitment to excellence is reinforced by rigorous regulation from esteemed authorities, including the NFA, CySEC, FINRA, and the Bank of Russia. Established in 1994, Lime Fx has evolved into a premier brokerage firm offering a staggering array of 128,000 tradable instruments.
How long does it take to make a withdrawal?
The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” Lime Fx lists the ideal platforms. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. Lime Fx processes withdrawals within 24 hours of the request being made. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.
MetaTrader and CQG have intuitive mobile apps that Lime Fx clients can access for free. These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for.
Lime Fx Fees and Pricing Review
The registration process and account activation are fully digital, and the broker’s web page is limefx website very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. Different account types are available for different trader types. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.
Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Additionally, Lime Fx offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders.
Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. With that said, traders should be aware that the available instruments vary depending on the account you have. For example, the Standard account offers a reduced list of metals and CFDs in addition to forex.
Overall, I feel that Lime Fx are a really good broker with a vast range of trading products and services that can meet the demands of all traders. They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity. I found them to have very competitive trading conditions and fees. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis. I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts.
They have a section of their website dedicated to frequently updated news articles. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option. They have mobile-optimized charts, multiple order types and facilitate one-click trading. The company now has more than 155,000 clients in over 130 countries.
Lime Fx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders limefx broker reviews get 24/7 online customer support. Lime Fx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM.
In addition to commission and spreads, swap rates may apply for positions held overnight. These can be positive or negative, depending on the asset and whether it is a long or short position. On the downside, the company doesn’t hold a license with the UK’s Financial Conduct Authority (FCA).
This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.