Comparison is based on the average Lime Fx Group spreads of the period April 1, 2022 to June 30, 2022. Some of the top traders use automated strategies to take the human element out of trading. With Trading Station Desktop, automated strategies are added with just a few clicks. 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. We sincerely apologize for the frustration and inconvenience you have experienced regarding your withdrawal.
The broker advertises average execution speeds of 0.018 seconds, which makes them very competitive. When I placed my own trades, I found that the execution speed was as fast as the broker advertised. And since I count anything under 0.1 seconds as good, this is a big strength of this broker.
Lime Fx User Experience
I used to use Lime Fx when they were starting out around the early 2000s. I recently came back to their platform and have to say that their service has improved. She has been following up limefx with me regarding my experience and has provided many helpful tips on using the platform.
- Average spreads at Lime Fx are more favorable for active traders or clients residing in the EU, U.K., or Australia.
- While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF.
- Comparison is based on the average Lime Fx Group spreads of the period April 1, 2022 to June 30, 2022.
- Before making any trading related decision, contact a local professional financial advisor.
- This is Lime Fxs offering to all clients who don’t qualify as an Active Trader.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. When it comes to risk management in forex trading, it’s all about pip value. Knowing how much your trade’s pips are worth is key to not overextending your account. In addition, it is always a good idea to know where your account stands in relation to utilised margin and brokerage requirements. While doing math longhand is a challenge, the Margin Calculator makes short work of even the most intricate positions.
These regulations provide certain protections for traders, including negative balance protection and segregated accounts, and ensure compliance with industry standards. Lime Fx offers a free demo account for traders to practice trading in a risk-free environment. They serve as valuable resources for traders looking to make informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers. These insights and summaries can be accessed through the Lime Fx website, trading platforms, or through specialized research tools provided by Lime Fx. The simulator also offers features like customizable trade sizes, various order types, and real-time charting tools to enhance the trading experience. Lime Fx offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements.
Other account types available include an Interest-free account, which are Swap Free Islamic Accounts designed for those who can’t pay swaps. Lime Fx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types. Lime Fx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), Lime Fx delivers a reliable, feature-rich mobile experience for forex traders. Our proprietary trading platform provides powerful analytics tools for chart traders and straightforward capabilities for new traders.
These include the brand’s proprietary Trading Station as well as the limefx scammers popular MetaTrader 4, TradingView, and Capitalise.ai. Lime Fx also offers 14 indices, covering major global markets and exchanges including US, European, British, Japanese and more as well as the VIX volatility index. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs. The list includes big hitters like Bitcoin but also some smaller tokens like Tezos, and although it is not the widest selection of cryptocurrencies, it does provide decent scope. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. Lime Fx list statistic regarding their performance when it comes to execution and slippage.
Advanced Indicators & Free Market Data:
It is the product of more than a decade of client feedback and cutting-edge technological prowess. No matter one’s experience or sophistication level, Trading Station is often the preferred choice among active traders. Lime Fx’s Active Traders can unlock the market depth functionality on the Trading Station forex and cfd platform. Multiple levels of liquidity are visible at each price, providing extremely use information to short-term and high-frequency traders. Lime Fx take care of the “little” traders as well as the Professional.
Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. Lime Fx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law.
Does Lime Fx Offer Low Forex Trading Fees?
But do you think they could sort it out, not a chance, in the end I asked for a new account but am considering not bothering at all them. The communication with Daniel D was prompt and helpful advising that my matter would be escalated due to the time taken for my account to be activated.
Forex Research
Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Traders can access Lime Fx on the go using either the mobile-optimized version of the proprietary Trading Station platform or the reliable MT4 application. Both apps are available from the Apple App Store and Google Play.
It offers competitive trading fees, a wide range of financial instruments, multiple trading platforms, fast execution speeds, and high-quality educational resources. Instead, you will trade with 50,000 virtual units of the relevant currency. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts.
The quality of our service is just important to us, as it is to our clients. As we strive to excel in our industry, we are honored to have clients like you. If there is anything more for which you may require our assistance, don’t hesitate to contact us.
In addition to these perks, all live account holders enjoy access to Lime Fx PLUS. Featuring proprietary analytics, Lime Fx PLUS has everything you need to maximize your performance in the ultra-competitive forex environment. Whether your outlook on a currency is bullish or bearish, you have the ability to capitalise upon the idea. Buy low and sell high or sell high and buy low ― the forex does not limit your trading options or your money-making potential. The international currency trade furnishes participants with an unparalleled collection of opportunities.
