I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. The Lime Fx School includes a video library, a glossary, sections on Trading for Newbies and Professionals, a basic “What is Forex” introduction, a strategy section, e-books, financial news and an economic calendar.

Account Types

Lime Fx also offers social trading via its AutoTrade platform and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds.

The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. Join us and benefit from the award-winning trading conditions offered by a globally recognised and reliable forex broker. Benefit from a variety of trading accounts, low spreads, secure funding procedures, and free VPS hosting. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs. Some clients may find the online payment processors more convenient and faster.

Trading Account Types

1. A Contract For Difference, or CFD, is a form of derivatives trading that allows traders to speculate on the everchanging price movements of instruments and assets in the global markets.
2. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
3. These tend to have higher marked up spreads but you do not pay a commission on trades.
4. With no need to download anything on your desktop or your mobile devices, you can directly trade from your browser with the MT4 Webtrader.
5. To access this feature, you must apply for a bank withdrawal from your client portal.
6. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.

As part of its commitment to continuously cater for every type of trader, Lime Fx presents a wide suite of trading platforms to boost your trading experience. Benefit from over 200 tradable instruments from 6 asset classes available on one single platform. Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser. Lime Fx notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs.

Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. One thing in particular I like that sets Lime Fx apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education.

Lime Fx Customer Service

There is a multitude of available trading platforms with distinct features, focusing on different methods of trading or specific financial assets. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass Lime Fx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.

Does Lime Fx accept US clients?

Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information.

Metatrader 4 and 5 for Android, iOS, limefx broker reviews and Windows Mobile provide easy integration with desktop and tablet versions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. If you are new to trading online, then you will be pleased to find a demo account option.

Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the Lime Fx account name. Some payment processors have geographic restrictions, but the Lime Fx back office will only list the ones available to traders. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

I personally use digital wallets as they allow me to move my funds around faster. This can be vital if there limefx scammers is a scenario where there is some major market news that I need to try and capitalise on. If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. Lime Fx does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options.

I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the Lime Fx fractional share dealing, which is excellent for smaller portfolios. Lime Fx are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements.

VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. Trade some of the most liquid assets available and diversify your portfolio with competitive spreads starting as low as zero pips on chosen CFD pairs. Since the market is volatile, fixed spreads accounts allow trading with predetermined and steady spreads and with no sudden changes. If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades.

Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. Lime Fx incorporate advanced order execution with a vast amount of liquidity from liquidity providers (LP’s), low fees and competitive spreads (from just 0 pips) and 24-hour multilingual customer support. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go.