Forex Trading Account Best Forex Accounts, Open Real Account Now with Lime Fx

Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. Now upload your documents and wait for 24 hour for verification. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. 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. But there is 0 dongs and whistles, so, again, not everyone might like it.

• These combine well with Lime Fx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.
• Lime Fx operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.
• Live Averaged Spreads and Commissions of Lime Fx Trading Broker Accounts.
• This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners.
• However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily.
• Practice your forex trading skills or test new strategies with zero investment.
• Lime Fx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.

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Flexible Account Options

Lime Fx, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.

Lime Fx Account types

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 limefx reviews have any problems with the registration process. Compare the markets and instruments offered by Lime Fx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. I used the live chat function on several occasions and received timely responses in a few minutes each time.

Trusted and Secure Broker

CySEC is a top-tier regulator that helps ensure Lime Fx follows strict business standards and implements safeguards like negative balance protection and segregated client funds. Opening an account with Lime Fx is a straightforward process designed to get traders started quickly. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

• Lime Fx offers reliable customer support to assist traders with any questions or issues they may encounter.
• Licensed under CySEC, MiFID, and MISA, Lime Fx provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.
• Lime Fx’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.
• As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
• The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs.
• Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders.
• 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.

Does Lime Fx Offer Low Fees?

The 70+ currency pairs provide a wider range than many competitors. limefx However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the Lime Fx platform. Lime Fx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. On the downside, Lime Fx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.

I feel like each one of us needs to find 1 broker he “clicks” with. Lime Fx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. This means that clients of Lime Fx’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. The platform allows orders to be placed in a variety of ways, including trading directly from charts.

Trading products

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. Lime Fx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. Lime Fx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed.

Our broker ratings are also informed by the experience of our researchers during the evaluation process. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. Lime Fx places a strong emphasis on trust and security for its users.