Lime Fx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification.
Customer Support
I rate the well-structured Lime Fx research section among the best in the industry in quality and quantity. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
Open a Standard account
Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, Lime Fx became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders. Lime Fx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that Lime Fx understands the requirements of demo trading.
The service is so great and available…
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Миссия Lime Fx:
- A competitive ECN trading environment with audited and verified order execution.
- Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option.
- The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services.
- I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
The login and password are to be entered to log into your account in the trading platform (MT4 или MT5). Select https://limefx.name/-Real from the “server” list to make sure the connection is successful. The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
A 100% deposit bonus exists up to a maximum of $10,000. Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. Lime Fx also has a VIP program, upgrading the Lime Fx trading experience significantly via up to 30% reduction in trading fees and increased cashback. I like the Lime Fx trading fees in the ECN account and multi-tier leverage system.
I also like that Lime Fx ensures traders operate from a trustworthy and secure trading environment. Lime Fx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. 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-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions.
Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and limefx forex brokers reviews account must match. The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that Lime Fx does not engage in unnecessary data mining as part of its registration process. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Withdrawal fees depend on the payment processor, and Lime Fx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. There are no maximums, except for credit/debit cards at $3,000 daily.
The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. Unfortunately, we do not provide services to citizens and residents of this country.
Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lime Fx has two expensive, commission-free cost structures and one competitive, commission-based alternative.
The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Lime Fx offers educational content on its blog, with quality written articles. Still, it lacks a classroom-style step-by-step trading course. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
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