An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader.
Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
TRADING HELP
- Traders should also keep in mind that triple rate swap fees are charged on a Wednesday.
- Our review shows Lime Fx scores less favorably when it comes to withdrawals.
- Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos.
We score and compare forex brokers in more than 15 categories. This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create limefx broker reviews their own investment strategies.
Where Can I Read Lime Fx User Reviews?
There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Lime Fx is a regulated online broker offering a wide range of products, services, accounts and trading platforms.
This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Using free market research of Lime Fx’s experienced analyst team, clients get the opportunity to create their own investment strategies. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted.
In our assessment, Lime Fx is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. From on our assessment, Lime Fx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools.
Have already 1 year experience with…
Likewise, the firm offers an iBROKER Mobile App for futures traders. Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx.
If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option. There is also the CQG platform with four different solutions that can be used to trade futures and options. This means the broker effectively acts as a middleman to give traders access to the forex market. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Lime Fx and its competitors.
Furthermore, stocks and options are priced according to two different plans. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk. I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. You will find that Lime Fx have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions.
Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. Looking at the negatives, Lime Fx scores poorly when it comes to education, reducing its suitability for beginners. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. Lime Fx offers an array of trading accounts and platforms, plus low spreads and commission charges.
Once verified by the Lime Fx account team, you can then fund your account and commence trading. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged. The FIX API is limefx broker reviews an electronic communications protocol that was developed for the real-time exchange of trade-related information. It is commonly used by professional traders and allows you to avoid the use of intermediation software.
All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission. ECN accounts incur a 2.25% to 3% commission; Trustly and UnionPay are free to use. As for speed, most transfers are instant, with bank wire taking 2-5 business days.
Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. Our testing shows that Lime Fx offers lower fees than most forex brokers, especially in its premium accounts. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro.