Lime Fx Review 2024 Key Features, Pros, and Cons

Payments are processed fairly quickly, and traders can use multiple currencies. I learned that Lime Fx does not charge a handling fee on deposits or withdrawals, though there limefx courses scam are exceptions. When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. The mobile app affords traders quick and easy access to the market on the go.

Lime Fx’s Trading Fees

The Lime Fx group presents clients with two regulated trading entities and maintains a secure trading environment. They are highly informative and cover a limefx company reviews wide range of topics – from the basics of technical analysis to the intricacies of trading psychology. They are in multiple languages, making them quite accessible to a larger number of traders. I checked Lime Fx’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology.

Automated Trading with Expert Advisors

This ensures that Lime Fx adheres to strict regulatory standards for client protection and transparency. Lime Fx offers a loyalty program for active traders, where clients can earn points based on their trading volume. These points can be redeemed for various rewards, such as cashback, trading bonuses, or exclusive gifts. The loyalty program is designed to reward consistent and high-volume traders, providing an additional incentive to remain active in the markets. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders have eight account options at Lime Fx, where the minimum deposit is $0 for most.

Does Lime Fx provide demo accounts?

• However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
• They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips.
• Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
• Lime Fx offers comprehensive customer support services available 24/5 in a wide range of languages, including Arabic, Chinese, English, French, German, Spanish, Russian, Persian, and many more.
• Lime Fx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread.
• This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital.

Lime Fx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more. It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. 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 company serves traders globally and is regulated in several jurisdictions, including FCA and FSCA, along with one unregulated entity. The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. Materials in the website’s blog section are written in support of the rest of the technical and fundamental content.

• This is not something exclusive to this broker, you will find most have a demo account available.
• They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading psychology.
• The trading ideas and market analyses are well-researched and with a clear focus.
• Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities.
• This ensures that traders from diverse regions can receive assistance in their native language.
• For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro).
• Lime Fx offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero.

Glossary of Trading Terms

Lime Fx also has its proprietary app, which surpasses MT4’s equivalent in functionality. Lime Fx charges above-average swaps, though this can also be partially explained by heightened volatility at the time of my review. It is also worth pointing out that the broker permits swap-free trading via its Islamic accounts. Lime Fx operates through three entities, with two regulated by the FCA in the UK and the FSCA, and one entity remains unregulated. I found the broker to be generally transparent, with information about fees easily accessible on their website. 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.

For those interested in trading global stock market indices, Lime Fx offers a wide selection of major indices, including the S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX 30, and more. Trading indices allows traders to speculate on the performance of entire sectors or national economies rather than individual stocks. Lime Fx provides competitive spreads on indices and supports both long and short positions, giving traders flexibility in various market conditions. Currently, clients of Lime Fx can only trade on MetaTrader 4, which is rather cumbersome and outclassed by newer trading platforms. Additionally, Lime Fx’s customer support seems to struggle with addressing more complex questions, such as what their average execution speed is.

For traders looking to enter the rapidly growing world of digital currencies, Lime Fx provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins. With the high volatility of the crypto market, Lime Fx offers advanced risk management tools to help traders manage their exposure. The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading.

I always recommend that traders check them before evaluating the total trading costs. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.

Alternative Brokers

We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. This article provides detailed information about using MetaTrader 4 (MT4) with Lime Fx, including features, installation, and trading processes. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).