Im a bit more oldschool I guess so I find this refreshing. I traded there for a few years, I think they are great. I feel like each one of us needs to find 1 broker he “clicks” with. For me it was Lime Fx, simply because theire is no bull@it here. This average customer rating is based on 20 Lime Fx customer reviews submitted by our visitors. Compare the markets and instruments offered by Lime Fx and its competitors.
- Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive.
- I want to caution beginner traders against using a demo account as an educational tool.
- Lime Fx also charges minimal non-trading fees, including inactivity fees and withdrawal fees.
- Broker Judge, guiding you through the forex market with clarity and expertise.
- I don’t know what the broker says about withdrawal, I haven’t even checked it…
- I was choosing a broker quite a time and chose Lime Fx because ratings and reviews are mostly 4,5+.
Lime Fx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. Islamic traders will also be pleased that a swap-free account is available upon request. Not only yu can trade the majors with a competititive advantages here, you also can find even the hong kong dollar versus jepanese yen. Very cool to trade them on a ECN account with minium cost. Traders have access to numerous deposit and withdrawal options at Lime Fx. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.
I’d advise you to pay attention to some other payment methods, they are substantially faster. I had an experience with different brokers but they were kind of dubious ones. I need my funds to be safe.There is no problem with regulation at Lime Fx.
Lime Fx Demo Account
You don’t have to guess where to find and who to pay for renting a server for algorithmic trading. Lime Fx places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. The secure back office of Lime Fx handles all financial transactions. Lime Fx maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.
Lime Fx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. Lime Fx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. Still, Lime Fx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. It goes against our guidelines to offer incentives for reviews.
Moreover, I have always been sceptical about user reviews. I know that some people are prone to sharing their negative emotions with other people. I know that negative limefx scam emotions are just like catching diseases. I don’t want to be in low spirits simply because I read a review composed by a person who failed to cope with his negative emotions and find the real reason for his failure. Unfortunately, testing the broker on a real account is the only way to find out whether it’s truly genuine or not. I risked $150 and not only lost it but increased to $175 and withdrew $25.
Lime Fx Reviews
Yep.There is a banner right on broker’s official website stating that they double your deposit. They can give up to $2,000 for the first deposit.Nice to start trading here. If you have traded with Lime Fx we would really like to know about your experience – please submit your own review. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
Comparatively interesting broker with own distinctive traits.in general, all conditions are quite similar to something that other brokerage companies offer, but, simultaneously, there are some differences. They are minor actually, unprepared and unskilled traders would barely notice them. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience.
Lime Fx Deposits and Withdrawals
In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at Lime Fx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method.
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Lime Fx prioritizes transparency and security, holding a limefx forex broker prestigious CySEC license (license number 127/10). This license ensures adherence to strict financial regulations and client protection measures. Your funds are segregated from the company’s assets, ensuring their safety and integrity.
This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
Their ECN XL trading account is so…
Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.