Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. This platform is wonderful, especially their payment methods. They have various ways of paying their clients which is very reliable, some of which include the wire bank transfer, E wallets, card payments and many more.Pricing though, might be a little… Maybe, the speed of withdrawals, but that much, like the first one. Lime Fx excels in the education category with its broad collection of articles, videos, webinars, and ebooks.
These tools empower traders with the knowledge and insights necessary to navigate the complexities of the financial markets. Whether traders are seeking to improve their trading skills, stay updated on market limefx broker reviews events, or expand their trading strategies, Lime Fx offers a comprehensive suite of resources to meet their needs. Day traders can benefit from Lime Fx’s robust market research, including featured trading ideas by Trading Central and a diverse assortment of tradable instruments. However, Lime Fx’s spreads generally exceed the industry average, and it does not offer a raw spread account. Lime Fx also provides a wealth of educational resources for traders of all levels, from beginners to advanced. The broker offers webinars, podcasts, and various video-on-demand services to help traders better understand the financial markets and improve their trading skills.
Does Lime Fx charge an inactivity fee?
However, the website has a dedicated FAQ section for general queries. Agents respond within seconds to live chats and are generally knowledgeable. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. Brokers operate multiple entities globally, but regulatory protections vary.
If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected. Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for Lime Fx (Tradeco Limited) as follows. Your review has been sent for the moderation and will be posted on the broker page after approval. These products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
- His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
- Traders who need more stability during trading can choose the fixed spread account because fixed spreads help to reduce their trading costs.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days.
How to open a trading account at Lime Fx
Lime Fx provides a blend of market research developed in-house and incorporated from third-party providers. The Trading Central package includes featured trading ideas, an intuitive economic calendar, and a sophisticated market sentiment gauge. Keep trading gold nonstop and thanks to Lime Fx conditions I don’t lose a lot on trading costs. Hi Thelma Morales,We really appreciate you sharing your Lime Fx experience with us! Hi Cecilia Ramos,We love to hear what our customers have to say, and your feedback has been very insightful!
And comparing to other brokers I have seen, this has tighter spreads. Lime Fx offers Islamic accounts for swap-free trading under Shariah law. Clients can request further assistance by contacting the broker’s customer support. The chart screen is undeniably one of the most crucial features https://limefx.biz/ of a trading platform.
Hi Tama Stenzel,We really appreciate you sharing your Lime Fx experience with us! Hey Kathryn Adams,Thanks so much for your feedback, and we’re happy to hear that you’ve been enjoying our platform! Lime Fx also provides a negative balance protection policy to ensure that traders’ funds do not go below zero.
So Lime Fx took £7000 from my account!
Additionally, the broker does not provide Virtual Private Server (VPS) hosting for low-latency trading and charges average-to-high spreads on popular instruments. We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. It would be good if they add the metatrader 5 platform. The broker’s low spreads make it one of the most competitive brokers in the market.
The broker also provides an extensive educational library, which features dozens of webinars, articles, ebooks, and more. I also appreciated its comprehensive market research offering. For withdrawals and deposits, Lime Fx does not charge any extra fees for using their payment gateways. However, clients might need to pay third-party charges depending on their payment method. While no trading platform is entirely risk-free, Lime Fx’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders. Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders.
- The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
- I discovered that Lime Fx offers three commission-free trading accounts with floating spreads.
- Agents respond within seconds to live chats and are generally knowledgeable.
- Lime Fx supports MetaTrader 4’s standard suite and offers various copy trading solutions.
- The user-friendly interface of MT4 makes it easy for traders to execute trades quickly and monitor the markets with ease.
Client funds are kept in segregated accounts in top-tier banks, and the broker also implements the latest encryption technology to protect clients’ personal and financial data. I like how tight spreads the Lime Fx provides on the forex. I’m trading on a privilege account and the difference between bid and ask prices are hardly noticeable. Even when I’m trading during the publication of essential macroeconomic reports, spreads stay the same. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
The Trustpilot Experience
Withdrawal times vary depending on the payment provider but range from the same day up to 10 business days. Like most brokers, Lime Fx charges swap fees for long and short positions that remain open overnight. However, the broker offers a swap-free account option for Islamic traders who want to trade but cannot earn or pay interest due to their religious beliefs. The broker provides various financial instruments, including forex, metals, futures, commodities, shares, and indices.
Got so much knowledge now im feeling comfortable trading. Overall, it is a good platform, with fast trade execution, but a few areas for improvement. I’ve been using the platform for over a year now, and it’s consistent and efficient.
Here, we’ll delve into Lime Fx’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms. My tests revealed that Lime Fx charges relatively high spreads on most instruments. Additionally, it lacks a raw spread account and does not offer phone customer support. I appreciated Lime Fx’s extensive range of currency pairs, especially in some exotic markets.
Trading Platforms
My trading experience with Lime Fx is good and I like tight spreads. Lime Fx offers a blend of market research developed in-house and incorporated from third-party providers. The broker offers the Trading Central package, which includes an intuitive economic calendar, featured trading ideas, and the Market Buzz feature. Lime Fx also publishes market breakdowns on its YouTube channel.
The available base currencies include EUR, USD, and GBP. Swap-free trading is available via Lime Fx’s Islamic accounts. Broken by asset class and compared to the industry average, Lime Fx offers an average number of share CFDs and a high number of currency pairs, commodities, indices, and cryptocurrencies. Lime Fx provides over 320 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and futures contracts.
When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Lime Fx offers multilingual support via live chat and email.
It guarantees the segregation of client funds and negative balance protection. I also found the broker to be particularly transparent. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. This broker honors its clients with the academy provided.