Lime Fx Review in 2024 Spreads & Fees Compared

Lime Fx customers can get in touch with the online broker via live chat, phone or email. Drawing from our own testing and the data we’ve gathered, it’s clear that both brokers have their strengths. However, when it comes to the limefx broker reviews overall trading experience, there’s a slight edge that one broker has over the other. Minimum spreads are as low as 0.6 pips and with no additional commission costs on top of the spread, overall trading costs are similar to an ECN trading account. Here at Forexbrokers.net, we take pride in helping our readers find the best possible financial service providers and avoid fraudsters.

So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account. This account offers you the opportunity to directly invest in some of the leading stocks around the world. However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD. The contract size is 1 share, and there is no leverage available for share account holders. This account is basically a combination of the Standard and Micro accounts, offering traders the best of both worlds.

Lime Fx forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs. Traders can use the MT4 or MT5 platform to buy and sell CFDs with high leverage, and this makes the platform suitable for both new and experienced traders. Lime Fx offers over 1000 trading instruments as well as 24/7 trading on crypto and CFDs. This is great for traders who love to trade multiple assets as they can get access to these assets on a single trading platform.

Although the gold standard of forex trading platforms, market access is limited when compared to MT5, as share trading is not permitted. Lime Fx is a highly regulated and trusted broker with over 5 million clients globally. The platform is great for both new and experienced traders who prefer to use MT4 or MT5 while trading forex and CFDs. The broker charges minimal fees, unlike many other forex brokers on the market. The platform is regulated by the Financial Services Commission, ASIC, and CySEC.

Get more than a trading account at Lime Fx

From our Lime Fx forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. With low minimum deposits, tight spreads, plus flexible commission and contract sizes, Lime Fx offers the best range of account types with both commission-free and ECN-style pricing available. Although Lime Fx’s Zero account is only available to traders based in Europe or the UK, traders outside of this area can still access ECN-like spreads via the broker’s Ultra-Low account.

Choose a Big, Fair and Human Broker.

As regulation varies between jurisdictions, the investor protection you receive depends on the subsidiary you are signed up to. As leverage enhances gains and magnifies losses, clients should be aware of the high risk of trading with such significant leverage. If you trade using MT4, your webtrading will be done on the Lime Fx MT4 webtrading platform. When it comes to data protection, Lime Fx broker does not disclose users’ private information and strives to provide them with the best possible trading conditions. As a trusted broker, Lime Fx is regulated by tier-one regulatory bodies and takes measures to guarantee the safety of your funds and information. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another.

Who are Forex Trading Market Participants?

Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs. Yes, Lime Fx charges a monthly inactivity fee of $5 for accounts that have been inactive for 90 days, which is a shorter period compared to the 6-12 months typically observed with many other brokers. Lime Fx provides a comprehensive suite of research and educational resources, including trading guides, webinars, and fundamental analysis tools. If a customer withdraws less than $200 from their trading account via bank wire transfer, they will incur a $15 administration fee. On TrustPilot, Lime Fx has an average score of 3.3 out of 5 from 531 reviews. This score suggests that there may be some issues with client satisfaction, offering a varied perspective on the broker’s service quality and customer experience.

1. This type of account is very popular in the Forex trading market and is widely used by both beginner and experienced traders.
2. For this reason, there are better brokers to consider but if you wish to scalp trade with Lime Fx, your best account would be Lime Fx Ultra Low Account.
3. As spreads are much narrower than standard account spreads, traders pay round-turn commission fees of $7 when trading with Lime Fx and from $4 when trading with FXTM.
4. To deposit and withdraw funds from your FXTM trading account, use a credit card, e-wallet or bank transfer payment method.

Lime Fx is better for experienced traders because of its competitive spreads and diverse range of account types. As both Lime Fx and ForexTime offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the brokers tie this round. Regardless of whether you choose Lime Fx or FXTM, you are able to automate trading using Expert Advisors and conduct advanced research on the platforms. Most traders prefer MT5 as it offers greater market access along with several improvements over MT4, such as improved backtesting and more charting tools. Our Lime Fx vs FOREXTIME (FXTM) forex broker comparison found both brokers offer trading accounts with spread-only conditions.

There are numerous options for depositing funds available and it is completely free to make these transactions, there are no hidden fees charged by the broker. This Lime Fx account type is a great option for traders who wish to limit the costs of Forex trading. Unlike other accounts, where the base currency options are 9, for the holders of Lime Fxs Ultra-low accounts, there are only six base currency options. To guarantee the safety and security of its clients, Lime Fx has adopted numerous regulatory guidelines over the past few years. These regulations are aimed at ensuring that every single client of the broker has the opportunity to ensure the safety and security of their funds, while also enjoying high-quality trading services. Lime Fx offers traders a wide range of trading assets from Forex to CFDs on stocks, indices, commodities, and the like.

To keep funds secure, segregated accounts are sometimes held with top-tier banks. A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price. The addition of personal account managers for each client further enhances the personalised trading experience.

Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform. Lime Fx is an FX brokerage that was founded by Trading Point Holdings in 2009. The broker is globally available and allows traders to buy and sell various financial assets including forex, crypto, metals, and CFDs. Lime Fx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).

Ultimately, Lime Fx is a reputable broker with many tools for new and experienced traders to maximize their trading strategies. The platform offers low fees and spreads as well as comprehensive educational content for traders. However, the range of deposit and withdrawal options as well as commissions charged per trade can be improved upon. Before deciding to trade with this broker, make sure that it meets your trading needs. Lime Fx limefx allows traders to gain access to several features on their trading platforms.

Among the crypto assets that can be traded on Lime Fx are BTC, BCH, ETH, LTC, and XRP. Digital assets can be great for investors to diversify their portfolios. While this is a very common way of trading stocks today, not everyone is really into this strategy. For those who prefer not trading CFDs, Lime Fx offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly. The spreads on major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader.

Although spreads are wider, traders do not pay any commission fees, with the simple fee structure suiting beginner traders or those who do not trade forex regularly. Lime Fx’s Micro Account requires a low minimum deposit and allows traders to make more precise trades with smaller contract sizes. Traders pay no commission fees, with minimum spreads of 1.0 pip on major forex pairs. New traders can benefit from the various educational content available on the company’s website.