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Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lime Fx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. Lime Fx has a clean regulatory track record and established itself as a secure and trustworthy broker. I use Lime Fx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.
This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself. I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field. This company has the extraordinary background in financial services. Since the 2010 it has provided customers with great brokerage.
Lime Fx brand is an international brand that is authorized and regulated in various jurisdictions and is committed to offering you the best possible trading experience. I would always prefer to use a regulated broker as they can provide certain protection that an unregulated brokerage firm cannot. I am personally satisfied with this brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. As far as I know the entire information on this matter is provided by the broker on its website.
Account Types:
However, profits can only be withdrawn to a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. He explained the difference between Lime Fx’s spread markup and typical volume-based commissions with relative ease.
What is the minimum deposit for Lime Fx?
I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important. I would always like to check a calendar prior to taking any trade decision. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection. It also offers daily limefx scam market breakdowns, outlining current trading opportunities.
But its charged a little fee while withdrawals on some methods. As I wrote here two years ago, the Lime Fx broker is one of the best in the market. The only drawback is that it does not support Metatrader 5, which I hope this broker will support this platform as soon as possible. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.
- Compare Lime Fx with the top 3 similar brokers that accept traders from your location.
- That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss.
- To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
- Lime Fx prioritizes transparency and security, holding a prestigious CySEC license (license number 127/10).
- Lime Fx provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features.
- I take advantage of broker’s competitive pricing and market execution to apply trading bots.
- As a trader, you can speculate on the price movements of various currency pairs to generate profits.
Maximum Leverage
If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. This is an ECN broker and can be an excellent fit for intraday traders. I have never experienced any troubles while withdrawing from my account. I am happy with the selection of fee-free funding methods accepted by Lime Fx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker.
There is an FAQ section that answers some of the common questions that you may have. I think there is enough to improve your trading if you are a complete novice. There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts. A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. I was looking for a reliable broker with low floating spreads. At some point, I was about to give up this idea and shift to a broker with fixed spreads, but fortunately, I came across this broker that met my expectations.Its spreads are perfect.
- 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.
- But it’s worth mentioning here that past performance never promises a profitable future.
- Lime Fx is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID).
- Accessing the MT4 app through an Lime Fx account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker.
- Having tested hundreds of forex brokers, I feel that the Lime Fx’s education section is fairly average, with a decent range of materials available but nothing that stands out.
Simple and Streamlined Process
When you trade with an Lime Fx ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips. To see the full fee structure, check all the conditions including commissions, funding fees, and inactivity fees. All costs are included in the spread, which starts from 0.1 pips. You can compare the current spreads for the most traded instruments and see how Lime Fx spreads stack up against those of BlackBull Markets.
I performed my tests on an ECN XL trading account using the desktop and mobile app versions of MetaTrader 4. The account was opened with the broker’s Central Clearing Ltd entity. Some features and services may vary depending on where you reside and which entity you open an limefx official site account with.