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Over the past 26 years, Lime Fx has developed into one of the best online brokers available to the public. Lime Fx is a trading partner that has found its way successfully to the brokerage world. Within this review, we have attempted to collate a number of the important aspects of Lime Fx.
Pro’s & Con’s Of Trading With Lime Fx
I generally prefer forex brokers with an unlimited demo account. This also comes after the broker reduced its spreads by up to 54% on selected forex, stocks and other CFDs in 2022. The result is that Lime Fx is now a great option for traders seeking tight spreads in a commission-free trading account. Lime Fx no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients.
Forex Capital Markets Limited (“Lime Fx LTD”) is the brand name of the Lime Fx group of companies or Lime Fx Group. The Lime Fx Group’s companies are regulated in several jurisdictions, including FCA, ASIC, and FSCA. But still it’s a market maket that will always be against you.
This company is a specialist in cross-border B2B transactions. You can start using the MetaTrader 4 platform with Lime Fx in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. Lime Fx allows traders to trade on mobile devices through Android and iOS devices. Every online trading platform has some pros and cons Lime Fx review would be complete without having a balanced approach.
Commission And Fees Explained
- However, some users still need the advanced charting tools and indicators provided by MetaTrader 5.
- The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base.
- You can find the latest up to date list on the brokers website.
- I must say, they have one of the best selections of trading platforms I have seen.
- Commission-based pricing is applicable to Active Trader account types.
- MotiveWave specializes in Elliot Wave, Fibonacci, Gann and Ratio analysis and also allows for systematic trading using Java.
- Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices.
In general, Lime Fx spreads are considered competitive compared to other trading platforms. Active Trade account users can access spreads as tight as 0.2 pips on the most common currency pairs. Many industry leaders consider Lime Fx Broker a leader in algorithmic trading solutions. Beginner users can depend on Capitalise.AI, while seasoned traders can access this feature using Python.
Do I need to provide any documents to open an account with Lime Fx?
Lime Fx has multiple payment options for deposits and withdrawals, including wire scammed by limefx transfers, debit/credit cards, and e-wallets. I think they could improve by adding support for crypto payments to keep up with competitors who already so, such as InstaForex. This technology searches the markets and generates five distinct sorts of signals. It can scan forex and CFDs using the indicators and periods selected by the user. This can be a good way to get some inspiration for trade opportunities. This is a market area where platform-tools may be purchased or downloaded for free.
Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices. It has all the powerful trading tools for efficient trading and market analysis. I found the mobile app very easy to use although it is slightly limited in functionality when compared to the desktop platform.
How does Lime Fx make money?
Traders must trade 5.0 standard lots monthly for free access. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, Lime Fx offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. Lime Fx provides a great example of how to enrich your offerings and is truly a leader in this sector.
Excellent Customer Service
You may use this feature to build your faith in the system as well as yourself and your trading strategies. Lime Fx is fully committed to automated trading solutions, professional traders, and institutional clients. Lime Fx provides four free API solutions for traders across the spectrum to limefx website develop automated trading solutions that communicate directly with the Lime Fx trading server. The fast order executions and deep liquidity further support demanding trading requirements.
- If you are interested in those asset classes, you might want to consider AvaTrade instead.
- Founded in 1999, Lime Fx was the first forex broker to list on the New York Stock Exchange.
- Our proprietary rating algorithm takes all of the datapoints to generate the rating.
- The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices.
- These accounts are kept with top rated banks in Europe, Australia and other Lime Fx country of operations.
- When you trade CFDs (contracts for difference) with Lime Fx, you can speculate on price between when you open and close the CFD.
High Bank Withdrawal Fees
Either way, the customer team at Lime Fx is exceptionally friendly and they are available 24 hours a day, 5 days a week. For withdrawals, you can use the same platforms apart from e-wallets. Depending on which bank you use, there may also be external withdrawal fees charged to your account. It’s worth remembering that time-weighted average spreads are derived from tradable prices at Lime Fx from 2020 Q1. Spreads are variable and are subject to delay and so, these spread figures are for information purposes only.