Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Here is a screenshot of the Lime Fx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. In fact at Lime Fx we believe this ECN account is not basic at all. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers.
- Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.
- Lime Fx has a clean regulatory track record and established itself as a secure and trustworthy broker.
- Trading forex offers up unlimited opportunities to access and trade the financial markets.
- Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. 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. In the vast landscape of forex brokers, Lime Fx has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define Lime Fx as a brokerage choice for traders seeking precision in the forex markets.
According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover. Through Lime Fx and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic.
Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts.
Why Settle for Standard when you can experience the difference?
Practice your forex trading skills or test new strategies with zero investment. While an Lime Fx no deposit bonus does not exist, Lime Fx offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. Lime Fx occasionally introduces other bonuses and promotions, which have included a $50 Lime Fx no deposit bonus or annual interest on free margin. Lime Fx clients can trade forex instantly, taking advantage of live streaming, best executable prices in the marketplace, with immediate confirmations. Lime Fx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal.
FOREX Trading
Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. No, Lime Fx is a legit broker with regulatory oversight from the VFSC and the CySEC. Traders have access to numerous deposit and withdrawal options at Lime Fx. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
The swift online application at Lime Fx requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since Lime Fx is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. Lime Fx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
How do I open an account with Lime Fx?
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Customer Support and Educational Resources
Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. Lime Fx does not operate a dealing desk, or make a market in forex. These four critical factors limefx official site ensure that Lime Fx clients are enjoying the most transparent access to the FX markets. The overall trading environment at Lime Fx features a low cost structure and competitive asset selection, .
More you will get daily forex technical analysis by forex experts, and forex news. A responsive and knowledgeable customer support team is a hallmark of Lime Fx. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, Lime Fx provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills.
Eleven eBooks complete the education at Lime Fx, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. Lime Fx offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. Lime Fx advertises free VPS, supporting automated trading solutions.
In this way, you can give your full limefx scam attention to trading, while we will take care of the safety of your funds. Now upload your documents and wait for 24 hour for verification. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.
The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lime Fx transparently displays on its website. Lime Fx deploys an ECN/STP execution model and does not manipulate quotes. Lime Fx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies.
With such a useful market analysis, we would love to see the section expanded to other pairs. Lime Fx offers traders the core MT4 trading platform without third-party upgrades. Lime Fx are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for trading then we can forget fee. VFSC regulator supervises the market participants’ activities and ensures compliance with all international standards related to providing financial business and brokerage services of licensed companies.