It seems Lime Fx has a great reputation in the trading circles and it’s adimrable. Hello Lucas,We are so grateful that you took the time to write this excellent review! Hello Thabo,We are so grateful that you took the time to write this excellent review!
Do they offer educational
Lime Fx has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments. The Lime Fx MT4 platform also providesone-click trading, which is ideal for traders who want to save time and tradequickly. This feature allows traders to execute orders with just one clickwithout having to enter all the parameters individually. NBP helps protect traders from suffering largelosses in case of sudden market movements.
With our Standard, Premium, Privilege and Cent accounts you can access CFDs on forex, metals, indices, commodities, futures and shares. The type of account that is right for you also depends on your risk tolerance, your initial investment size and the available time you have to trade on a daily basis. Compared to other brokers reviewed, Lime Fx holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action. Lime Fx’s mobile app also provides push notifications thatinform traders of any relevant news or market updates. The leverage level can be adjusted accordingto the traders’ individual needs, allowing them to take control of theirtrading strategies. For example, if a forex trader has $250 in their account,they can take a position worth up to $250,000 with the help of leverage. Traders can view the fundamental data and analyse the sharesusing technical indicators.
Trading Accounts
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Trading with a regulated broker will limit the potential for fraud and malpractice.
My Key Takeaways After Testing MT4’s Mobile App
A transparent MT4 broker with a balanced asset selection and quality education. Lime Fx is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029. Additionally, the Lime Fx group includes Damadah Holding Limited, which is based in Cyprus. However, it’s essential to recognize that while Lime Fx’s range of investments is extensive, it may not have as many exotic or niche assets compared to some other specialized brokers.
- Even though future markets are leveraged, traders should bear in mind that they will not only get greater exposure to the market but will also be more susceptible to its negative movements.
- The brokerage office offers a good line of trading instruments to decide between, including futures, commodities, metals, indices, Forex, and shares.
- Lime Fx’s mobile app affords traders quick and easy access to the market on the go.
- Clients of the brokerage firm can only take positions on precious metals like gold, silver, platinum, and palladium.
- Traders can browse the 25,000+ custom indicators, plugins, and EAs available for MT4, but the quality upgrades are not free.
With 300+ trading instruments available, Lime Fx is oneof the best platforms for traders who want to diversify their portfolios. I heard a lot about the T4tarde broker and this is how I ended up here. The infrastructure here is quite robust, I know that I work with a reliable broker just because there are no troubles with depositing of funds. As for withdrawals, then I haven’t made a single yet, But I don’t doubt that the withdrawal will be also free of any hassle, because the limefx reviews platform has tons of reviews and traders are pleased with its services. MT4 works correctly, I just inserted my credentials and connected the acc to the terminal. I have no commissions on my standard account and my spreads seem to be quite narrow.
I have compiled the table below to help you better understand the difference between the trading fees on Lime Fx’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. The platform also provides sophisticated toolsfor each instrument, allowing traders to analyse the markets and make informeddecisions when trading.
Account Types
Order requests are transmitted to the interbank level, where Lime Fx’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. The easiest way to get in touch with Lime Fx is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. MT4’s app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult.
You can benefit if the price moves in the direction you have speculated, but you may incur losses if the price of the underlying asset moves against you. Traders can get three non-withdrawable bonuses, the 100% Supercharger bonus, the 40% Takeoff bonus limited to $4,000, and the 20% Welcome bonus capped at $2,000. Terms and conditions apply, and I highly recommend traders read and understand them before accepting any incentive. Lime Fx does not provide research to clients, but its live TV, available Monday to Friday from 0900 to 1100 (GMT), provides market coverage.
I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning Lime Fx’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. Lime Fx’s swap fees are very competitivecompared to other brokers in the market, making it an ideal choice for traderswho want to reduce trading costs. However, spreads may vary depending on the type of tradingaccount and the market conditions. Spreads are something that forex and othertraders need to pay as it is the cost of trading.
Lime Fx Mobile Trading App:
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. Privilege accounts offer all the features of Standard and Premium accounts, with the only difference being the spread. The choice of base currencies is also the same and includes EUR, GBP, and USD. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
Spot energy commodities like WTICash, NAT.GASCash, and BRENTCash are also among the indices traders can deal with. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how limefx scam long it takes them to respond to questions, and how detailed their answers are.
