This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners. On the downside, Lime Fx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
Inactivity Fee
Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs.
The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. We have not experienced any security concerns during our many hours using the trading platform. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.
Lime Fx offers MetaTrader 4 and MetaTrader 5, renowned for their reliability and robust trading features without promoting speculative trading practices. Yes, Lime Fx operates under strict regulations to ensure compliance with financial authorities and maintain a secure trading environment. Lime Fx offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.
Flexible Account Options
In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. CySEC is a top-tier regulator that helps ensure Lime Fx follows strict business standards and implements safeguards like negative balance protection and segregated client funds. All client funds are held in segregated accounts, completely separate from any and all Lime Fx corporate accounts. Opening an account with Lime Fx is a straightforward process designed to get traders started quickly. 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 ECN XL account. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Lime Fx Regulation and Security
The platform prioritizes regulatory compliance and responsible trading practices. We at Lime Fx steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds. The safeguarding of our clients’ investments, privacy, and security is our foremost priority, allowing our clients to trade with peace of mind under our regulated brokerage. In doing so, we empower traders to focus solely on their trading endeavors, entrusting us with the stringent protection of their investments. Believing firmly in the significance of having a multitude of liquidity providers in the ever-evolving forex market, we’ve cultivated robust relationships with globally acknowledged financial institutions.
- Traders are lavished with a unique concoction of premium services and low-cost trading solutions, rendering the ECN XL Account as the unanimous choice for traders around the globe.
- Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro.
- Besides the very frustrating withdrawal charge, Lime Fx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
- While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.
Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). Lime Fx offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available.
Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Lime Fx, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading. Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms. Our raison d’etre is to craft the most customer-oriented proposition within the industry.
Access via our award-winning XL Account over the MT4 platform, accords traders of all expertise levels an optimal choice, enabling them to kickstart their forex trading under exceedingly competitive conditions. Lime Fx’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies. With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of cryptocurrencies, and spot oil trading, Lime Fx stands as a versatile trading platform. Lime Fx offers traders the core MT4 trading platform without third-party upgrades.
Security is a paramount concern for traders, and Lime Fx addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge.
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Lime Fx stands as a quintessential ECN – STP broker, diligently aligning every trade that our clients make within an Electronic Configured Network (ECN), facilitated through a Straight Through Processing (STP) method. Unswervingly, we refrain from operating a dealing desk or engaging in forex market-making. These pivotal elements are foundational in guaranteeing that our clients experience the utmost transparency when accessing the FX markets. This approach guarantees unmatched transparency and eliminates any conflicts of interest. In essence, Lime Fx is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed. This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to Lime Fx by its liquidity providers.
Our relentless pursuit of operational security is anchored in our solid regulatory framework, meticulous segregation of client funds, and our fortified association with the Investor Compensation Fund. Each of these elements interweaves to form a robust tapestry of security, reflecting our unwavering resolve to protect our clients’ assets and interests. Our membership with the Investor Compensation Fund (ICF) is a testament to our dedication to providing an added layer of financial assurance. This arrangement is an integral part of our security apparatus, aimed at fortifying our clients’ confidence. We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services.
VFSC regulator supervises the market participants’ activities and ensures compliance with all international standards related to providing financial business and brokerage services of licensed companies. Security, privacy and protection of our clients’ investment is our top priority and as a regulated broker we can offer you a peace of mind when limefx forex broker trading with us. In this way, you can give your full attention to trading, while we will take care of the safety of your funds. Lime Fx prioritizes transparency and security, holding a prestigious CySEC license (license number 127/10).
Lime Fx operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. With its stringent adherence to CySEC regulations, Lime Fx grants clients access to a consummate Forex model STP/ECN, establishing itself as a non-market maker, distinctly separating it from Dealing Desk brokers. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. Lime Fx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.