Lime Fx Broker Review: Fees, Pros and Cons, Account Types

I do feel slightly let down that the Lime Fx demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. We are also disappointed with Lime Fx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, Lime Fx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. Lime Fx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. Sharing personal experiences on social media, forums, or trading communities raises awareness and prevents others from succumbing to similar scams. Evaluation of a broker’s trading performance, including execution speed, spreads, and slippage, reveals potential irregularities.

Our Lime Fx Review

They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started. Lime Fx operates in a regulated environment, which ensures a safe and supportive trading experience. However, for better transparency, we recommend signing up with a European entity. Lime Fx broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010. It helps professionals in the forex market trade currencies, cryptocurrencies, indices, energies, and metals using advanced technology.

Is Lime Fx A Regulated Forex Broker?

The exact amount may vary depending on the account type you choose. Traders of all levels can deepen their knowledge through a variety of educational resources. Daily technical analysis is updated on the website with the latest information and a successful retest of the next momentum.

• Trading CFD trades on the Lime Fx platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.
• This is because traders have to constantly make deposits and withdrawals.
• You will be exposed to a high risk of loss regarding leverage and margin-based trading.
• Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website.
• It won the Global Banking Finance award in 2018 as best STP broker in Europe.

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Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market limefx company reviews volatility and carry a higher degree of risk. Compared to other brokers, Lime Fx offers fewer customer support features.

Lime Fx Trading Accounts Offered

Regulatory bodies protect traders through reimbursement schemes in case of Lime Fx going into insolvency. Lime Fx compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Lime Fx to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Lime Fx traders. You can sign up for a demo account to acquaint yourself with Lime Fx platform. Lime Fx is nice broker and they helped me a lot during my adaptation process. Their customer service indeed cares about the comfortability of clients.

• To open a trading account with Lime Fx, individuals can sign up on the Lime Fx website.
• If you want to trade currency pairs on global Forex markets, Lime Fx offer over currency pairs.
• However, this amount may vary based on the specific account a user has opened.
• The Lime Fx brand is internationally recognized and operates under authorization and regulation in multiple jurisdictions.
• Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
• Trades on commodities that yield an exchange of this amount and above can be withdrawn easily via any of the payment channels available.

You can start using the MetaTrader limefx forex brokers reviews 4 platform with Lime Fx in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Lime Fx allows traders to trade on mobile devices through Android and iOS devices like the iPhone. If you want to trade currency pairs on global Forex markets, Lime Fx offer over currency pairs.

Lime Fx Frequently Asked Questions

Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like Lime Fx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. Islamic traders will also be pleased that a swap-free account is available upon request. Utilizing the experience as a learning opportunity enhances trading practices and guards against future scams. Prudent investing involves only allocating funds that one can afford to lose.