The trading process is automated which keeps manual intervention to a limefx broker reviews minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. Lime Fx lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes Lime Fx suitable for beginners. Lime Fx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil.
This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment. This is not something exclusive to this broker, you will find most have a demo account available. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week.
Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. Trading with a regulated broker will limit the potential for fraud and malpractice.
Platforms
In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. For Forex Trading and other CFDs, MetaTrader 4 is the yet unmatched leader of trading platforms and the most popular choice of online traders and investors. Gain instant access to over 200 instruments from 6 different asset classes; all on a single platform. Choose from MetaTrader 4, MetaTrader 4 Web Trader and our proprietary Personal Multi Account Manager (PMAM). I like the trading fees in the Lime Fx Absolute Zero account, where traders get commission-free spreads from 0.3 pips.
Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. The broker provides you with top class global customer support in over 30 different languages.
However, as with demo accounts this is something that you would expect from all brokers nowadays. You can reach customer support directly on the Lime Fx website through its live chat feature. The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages. Lime Fx offers negative balance protection, meaning traders can never lose more than their deposits. The Lime Fx group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection.
Furthermore, the charitable work they do is very commendable and good for the community. The broker offers industry leading products and services that I think can be a great option for retail and institutional clients alike. I like how they have strict regulation in multiple jurisdictions and are well respected within the industry. The high quality of their services has been acknowledged by the numerous international awards that they have won over the years.
Trade Smarter with Lime Fx Academy
- Lime Fx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries.
- An extensive website section is devoted to trader education, which makes Lime Fx suitable for beginners.
- Lime Fx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose.
- The FAQ section answers the most common question, and live chat is available with fast response times for basic questions.
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. Overall, Lime Fx is a very well established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets. The advanced trading technology incorporated ensures that the trading conditions are some of the best available with competitive spreads (fixed/variable) and competitive trading costs. There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally.
Range of Assets
Lime Fx is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. 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. With over 3 decades of capable reliability, the MetaTrader 4 , also known as MT4, is an online trading platform used by both novice and experienced traders.
Lime Fx could be a good starting broker for limefx scam new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. Traders can open an Lime Fx account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. 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.
Lime Fx User Experience
Through exceeding client’s expectations and setting the bar so high, the broker has been rewarded with numerous awards for their innovative and advanced trading platforms. I like the trading environment at Lime Fx in the Absolute Zero account due to its competitive trading fees. Lime Fx is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with.