I found the broker to have rapid trade execution speeds and competitive costs. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages. I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online. The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer.

I checked the usability of the mobile app version of MT4 by testing how long it limefx forex brokers reviews would take me to do just that. In just a few seconds, I was able to log into my account, go to my open orders, and adjust the parameters (move the stop-loss) of a trade. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance. They allow traders to easily examine the current market behavior and enter into trades quickly. Lime Fx incorporates MetaTrader 4, which is quite popular among beginners for its simplistic design though I find it outclassed by newer and more user-friendly platforms.

Scope Markets Review

I also compared Lime Fx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. Traders in Australia and New Zealand can also access Lime Fx’s trading services. The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms.

I like the trading fees in the Lime Fx Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. My tests indicate that Lime Fx’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions. However, this may change at times of heightened market volatility as floating spreads tend to rise at such times.

Lime Fx’s Desktop MT4 Platform

Fixed spread accounts also have a competitive advantage in such environments as their costs cannot rise, no matter how volatile the market becomes. I thus determined that fixed/floating spread accounts are better suited for beginners looking for extra protection. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds. I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences.

Lime Fx continues to expand its global reach and offers services in many other countries, including Canada (with specific regulations) and select jurisdictions in the Caribbean. The broker remains committed to providing secure and accessible trading opportunities to clients in regions where forex and CFD trading is permitted. Lime Fx serves a significant number of clients across Europe, providing services in countries such as the United Kingdom, Germany, France, Italy, Spain, Greece, Portugal, Sweden, Norway, and more. Lime Fx hosts regular trading webinars conducted by experienced market analysts and trading professionals.

What are Lime Fx’s trading hours?

The broker also offers downloadable e-books that serve as comprehensive guides to forex and CFD trading. These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace. New traders at Lime Fx can take advantage of a generous welcome bonus, which provides additional funds based on the initial deposit. This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital. Specific details of the welcome bonus, including the percentage and maximum bonus amount, may vary, so traders should check the Lime Fx website for the latest offers and terms.

• Processing times depend on the geographic location and the payment processors, which Lime Fx lists as between one and ten business days.
• Specific details of the welcome bonus, including the percentage and maximum bonus amount, may vary, so traders should check the Lime Fx website for the latest offers and terms.
• This information helps traders stay ahead of the curve and make well-informed trading decisions.
• The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
• Lime Fx is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere.

The secure Lime Fx back office handles all financial transactions for verified clients. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary.

Lime Fx Restricted Countries

I would personally have no issue in trusting them with my funds and can therefore trade without worrying. Lime Fx’s glossary of trading terms is an essential resource for new traders who need to familiarize themselves with industry jargon. The glossary provides clear definitions of common trading terms, ensuring that traders have a strong grasp of the language used in the financial markets. This resource is especially useful for beginners who are just starting their trading journey. Lime Fx provides the industry-leading MetaTrader 4 (MT4) platform, favored for its advanced algorithmic trading capabilities and user-friendly interface.

These videos cover the basics of forex limefx courses scam trading, how to use trading platforms like MetaTrader 4 (MT4), and advanced trading strategies. The step-by-step guides make it easy for beginners to get started and for experienced traders to refine their techniques. Lime Fx frequently offers deposit bonuses to reward clients for funding their trading accounts. These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign. The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets.

The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. Lime Fx offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs. Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms. In the Middle East and Africa, Lime Fx offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya. The broker provides specialized account options and customer support tailored to the preferences of traders in these regions. Lime Fx’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa.

• Although Lime Fx lacks a proprietary trading platform and its Bermuda-based entity operates without regulation, I rate Lime Fx as a decent broker that caters to the needs of its clients.
• The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
• Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
• Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements.
• These afford traders access to multiple markets with varying degrees of underlying volatility.
• Lime Fx provides a wide range of deposit and withdrawal methods, including bank wires, credit/debit cards, e-wallets, and local payment solutions.

Lime Fx Main Features

Compared to the broader industry, Lime Fx offers an above-average number of FX pairs, commodities, and indices. These afford traders access to multiple markets with varying degrees of underlying volatility. Lime Fx distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders.