Lime Fx Review : Read Before You Trade

I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. Where many brokers only offer a few accounts, Lime Fx have a great range of different trading accounts to cater to the needs of many different styles of traders.

The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader. Less experienced traders do not have to go for the maximum and can instead choose a lot more comfortable leverage.

Lime Fx’s Mobile MT4 App

Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. The broker provides you with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat. They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients.

An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. 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 Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.

Lime Fx offers comprehensive customer support services available 24/5 in a wide range of languages, including Arabic, Chinese, English, French, German, Spanish, Russian, Persian, and many more. This ensures that traders from diverse regions can receive assistance in their native language. The platform features a detailed FAQ section that addresses the most common queries, making it a useful resource for quick answers. For real-time assistance, Lime Fx provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution. Lime Fx provides a rich collection of educational articles that delve into various aspects of trading.

Forex Educational Articles

The Lime Fx group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. What stood out the most to me in Lime Fx’s offering is its comprehensive research content.

MT4 Mobile Trading

• There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee.
• Lime Fx provides a rich collection of educational articles that delve into various aspects of trading.
• Compared to the broader industry, Lime Fx offers an above-average number of FX pairs, commodities, and indices.
• I checked Lime Fx’s multiple educational materials and found them highly practical.
• This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics.
• You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs.
• Lime Fx’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa.

The broker publishes its in-house materials regularly, and it also incorporates the popular TradingCentral service. Content is available in written and video formats, making it more accessible and easy to grasp. The trading ideas and market analyses are well-researched and with a clear focus. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.

• Lime Fx has traders from 180 countries, making it one of the most accessible brokers.
• I don’t mind paying the small commission fee as the broker needs to cover costs somehow.
• These fees can accumulate over time, particularly for traders holding positions long-term.
• With access to over 500 instruments, Lime Fx ensures that traders have numerous options to explore and capitalize on market opportunities.
• With a minimum deposit of just $50 for most account types, the Absolute Zero account is highly recommended for traders seeking low-cost trading solutions.
• If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options.

Market News and Analysis

These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology. If you are new to trading online, then you will be pleased to find a demo account option. This can be the perfect way to get used to using the platforms and for testing your trading limefx reviews strategies in a risk-free environment.

Each piece limefx is light and easy to grasp, containing no more than 2-3 sentences. This type of content is not intended to delve deep into the subject matter but rather to help traders screen potential opportunities as they emerge. Lime Fx provides quite a few deposit methods, while withdrawals are sent only via bank wire.

Lime Fx Main Features

Lime Fx offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. I checked the usability of Lime Fx’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms.