Out of the options available, I think MT5 is the best option with Lime Fx as it has the most technical features while also offering all of the broker’s financial products. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes Lime Fx an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. This allows them to focus on trading without worrying about extra costs. Whether you are a new or an experienced trader, Lime Fx’s no-fee policy is a significant advantage today.
There are a total of 51 charting indicators provided, and 31 drawing tools also. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type.
Why Lime Fx is a Legitimate Broker
Lime Fx’s trading costs are concentrated around the spread, where the broker adds a markup on the market spread, and it is incorporated in every market or limit order that you place. Finally, choose the type of account you are interested in, you can start with the demo account to start practicing, and once you are ready you can switch it to a real trading account. But if you already have experience in trading you can choose the Lime Fx MT5 account type, where you can enjoy access to a wider range of financial products, and a higher contract size. It is important to consider your trading experience in choosing the platform, the Lime Fx MT4 is recommended for new traders, the interface is simple and the trading choices are limited.
Limited Educational Resources
The demo account lets you test the platforms while practising trading in a risk-free trading environment using virtual currency. Lime Fx offers a demo account for all of its platforms such as Lime FxTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date.
The cost savings from the overall pricing environment alone make Lime Fx a broker to consider. Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services, explaining why Lime Fx has attracted deposits from more than 42 million traders.
- The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs.
- Three account types cater to traders with different levels of experience.
- The in-house developed Lime Fx Trading App is an excellent choice for mobile and copy traders.
- If you are outside the EU, then you will have access to the MT4 Micro account type.
- Our broker reviews are reader supported and we may receive payment when you click on a partner site.
Advanced tools and features on the Lime Fx Desktop MetaTrader 5 (MT5) platform improve trading experience. It includes 21 timeframes and over 80 technical indicators, therefore enabling thorough market analysis. With trades usually handled in under 0.1 seconds, MT5 showed enhanced order execution speeds during testing—a critical ability for busy traders. To provide more trade management flexibility, MT5 also adds buy stop limit and sell stop limit, so introducing other order types.
Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. Lime Fx’s market research is well organized and varied in its content.
Platforms and Tools
The MT4 platform is well-known for limefx its easy-to-use interface and important trading tools. The designers created the MT4 account for beginners and traders who prefer simplicity. A low minimum deposit of $25 is a great starting point for new traders.
Lime Fx Overview
- This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.
- Most payment processors have instant to near-instant processing times for deposits and one to three hours for withdrawals.
- Email support is also available, and the FAQ section answers many of the most common questions.
- Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system.
- The threshold to access the bonus is high and requires a substantial trading volume.
- For this reason, it’s best to proceed cautiously with leverage, even if the allowed levels are high.
The low minimum deposit and lack of fees make it attractive for cost-conscious investors. On the flip side, they are a rather niche broker with fewer trading instruments than other brokers. I like that Lime Fx provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with Lime FxTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. 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.
Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Lime Fx offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 https://limefx.club/ offering.
The demo account helps them boost their trading confidence before going live. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections.
Lime Fx Fees & Commissions
Therefore means its operation is aligned to the necessary protection level. The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. Lime Fx provides dozens of detailed guides in article format on subjects ranging from using moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders.
Lime Fx primarily operates with a commission-free model on its standard accounts. Instead, the broker relies on spreads to generate revenue, which is a favorable option for many traders. Lime Fx broker’s website is a great source to learn about Forex trading and trading in other financial markets. There are several tools and materials that suit new traders and experienced ones as well. It’s recommended that you trade highly liquid assets like major currency pairs, the most popular cryptocurrencies, indices, and commodities to avoid slippage and paying high spreads. Slippage usually occurs in low liquidity markets and it simply means that you get a different price when your trade gets executed.
I rank Lime Fx among the best-priced ones, and Lime Fx delivers on its statement to help Forex traders earn more. You will also learn in detail how to open an account with DEGIRO and the different account types you can choose from. The broker also offers wonderful features that are unique to the company alone.
Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free Lime Fx MT5 account. Coming to leveraged overnight holdings, the broker charges no swaps. Overall, we advise to check conditions based on Lime Fx entity you wish too trade through. Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market.