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ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. Lime Fx’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
Where is Lime Fx based?
- The broker outperforms the broader industry in almost every aspect except for trading cryptocurrencies.
- I would have never guessed that this old broker would be able to provide crypto pairs for trading.
- Lime Fx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.
- Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
- I think Lime Fx has the best spreads in the market, especially on the major currency pairs.
- Lime Fx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers.
- The broker, however, does not incorporate research content from third-party providers.
Lime Fx does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed.
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- I always recommend that traders check them before evaluating the total trading costs.
- Lime Fx offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes.
- I used the live chat function on several occasions and received timely responses in a few minutes each time.
- The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.
- The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
- During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. It is relatively straight forward process to open an account at Lime Fx. You just need to click on the ‘Register’ button at the top-right corner of the brokers website.
Unique Features
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. DailyForex.com adheres limefx review to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
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I think Lime Fx has the best spreads in the market, especially on the major currency pairs. And since I am trading majors and crosses for the most part, it is the best broker for me 100%. Also the ability to scalp with trading bots and VPS makes it even better. Especially if you are in the beginning phase of your journey, and you need a trading platform which is not going to bankrupt you with spreads and comms. For customer service needs, all Lime Fx clients are welcome to contact the broker via either live chat, email or phone (a Cyprus phone number for EU users and a UK number for international users).
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Set up with offices in Cyprus and Vanuatu, Lime Fx is a forex broker founded all the way back in 2010. As most retail-oriented forex brokers, Lime Fx operates on a ‘no dealing desk’ ECN/STP model where orders are passed on to larger liquidity pools rather than being matched internally. 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. Lime Fx has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps.
Demo Accounts
Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. Lime Fx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. Lime Fx offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo limefx forex brokers reviews account as an educational tool.