Lime Fx Review 2024: Scam or a Good All-Round Broker?

Overall, Lime Fx’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category. With its wide range of available platforms and deep offering of trading tools, Lime Fx has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, Lime Fx has plenty of options. In our 2024 Annual Awards, Lime Fx finished Best in Class for its excellent Platforms and Tools. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Trading Station Web ✔

There’s a market scanner feature that uses technical indicators to show traders when it’s a good opportunity to buy/sell. Unfortunately, the market scanner only works for a limited number of products. limefx website Lime Fx users have access to a basic pack of tools plus a great selection of technical analysis tools. The charting tools are outstanding and very customizable with more than 50 available indicators.

  1. Lime Fx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.
  2. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection.
  3. Not only Lime Fx is upgrading its client-oriented services but also over the years it has achieved tremendous prestigious awards for its dedicated customer service.
  4. The news feed is very good and users can also use an economic calendar.

Interest-Free Account – for Islamic traders

However, the opinions and reviews published here are entirely our own. And lastly, advanced and modern designed trading tools are the center of attraction for many passionate traders. On the other hand, fast and expert traders may take the experience of an extremely volatile market by choosing the NinjaTrader platform.

Lime Fx Education

Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. For traders who appreciate advanced trading tools and quality market research, Lime Fx is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow.

Customer Service ☎

Economic calendar- You can get all the market-moving events and keep live track of key economic actions, reports, or announcements. Lime Fx wallet will allow you to gauge your withdrawal progress by running the live report. And don’t be upset because depending on which payment method you are using the money transfer time may change. Once Lime Fx confirms your address proof, you will be redirected to MYLime Fx (Personal area) and start trading.

This account offers Lime Fx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market. Either by email/phone number/WhatsApp/live chat, you can contact support for any kind of queries. Lime Fx has local numbers from its operating regions and they are operated by the local representative of the broker so that every trader can take customer service effectively. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Client funds with Lime Fx LTD are segregated according to FCA client money rules.

Can I do copy-trading on the Lime Fx platform?

Lime Fx is a well-established broker that offers trading facilities on shares, stock indices, forex, commodities, and cryptos to a global market. Lime Fx has offices in multiple global locations, including Berlin and Sydney. Trading Station mobile offers a richer trading experience than MT 4 overall but has a couple of drawbacks. There are no push notifications and real-time alerts on the Android version, which are available on most other great mobile trading apps. The platform allows users to copy the trades of professional traders immediately as they occur.

This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection. Lime Fx has a knowledge section that consists of research or market analysis tools and education. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN.

The Lime Fx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become Lime Fx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place.

In this term, Lime Fx has added new indicators, reporting and charting tools, visual Traders Studio, Expert Advisors, CFD Auto Roll, Pivots Panel, and Track ‘N Trade. With Lime Fx a trader can trade Forex, CFD, or commodities with the flexibility to choose to trade platform which meets his needs the best. Lime Fx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its Lime Fx YouTube channel. Yes, based on your detected country of NL, you can open an account with this broker. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.

The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. Lime Fx is considered a low-risk and can be summarised as trustworthy and reliable. Trading with Lime Fx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and  commissions depending on the account type selected. The web platform is very similar to the desktop version, as it gives users access to videos, news, market data signals, etc.

Lime Fx account options have minimal commissions and the spread starts from 1.3 pips. Lime Fx’s pricing for forex trading is slightly higher than the industry average. 4The trading signals are currently not available to clients residing in the EU. The Trading Signals do not constitute and should not be regarded as an investment advice. If you are a high-volume investor, then the Active Trader account may be for you.

He has a Masters and Commerce degree and has an active role in the fintech community. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. Lime Fx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity.

If you prefer to place orders by phone, Lime Fx offers a trading desk line that can be handy should you experience an interruption in your internet connection. This platform is a worthy alternative to Trade Station and MetaTrader. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive.

Trading Station mobile and MT 4 together provide a stable mobile trading experience, packed with features like the comprehensive trade ticket that allows for one cancels other orders. There are plenty of available platforms at Lime Fx such as Seer Trading Platform. Seer is made for building, optimizing, back-testing, and deploying automated trading solutions. The addition of this platform is a great boon for tech-savvy traders with an interest in algorithmic trading. TradingInfo features trading information to traders with all latest news to professional traders, both novice, and expert alike. If a new trader opens an account on the ZuluTrade platform, he can opt for copy trading by selecting any expert market strategist.

Accounts with Lime Fx are also segregated in accordance with client money rules, providing added protection for client funds. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of https://limefx.group/ the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders.

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