Lime Fx Review: Should They Be Your Forex Broker?

Deposits are processed within one business day while withdrawals can take up to 3 days. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where Lime Fx Pro charges $2.50 per trade but are commission-free on the Lime Fx lite platform.

• We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere.
• Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
• We have been fairly impressed with the customer service provided.
• The Forex Standard account offers commission-free trading with spreads from 0.5 pips.
• Their website provides information about the broker’s services and terms.This review will look at the unique features and expectations for traders usingLime Fx.
• Obviously, the particular conditions have to be dealt with by the broker directly.

Lime Fx Forex ECN Account

Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx.

This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. We score and compare forex brokers in more than 15 categories. We are impressed with the range of forex assets available. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities.

How To Open A Demo Account

It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding experience for all. Our partners are integral to our ecosystem, and we are devoted to providing them with the tools, support, and environment needed to thrive in the dynamic world of trading. Trading hours with Lime Fx depend on the market in question. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday.

Crypto, on the other hand, is active 24/7 due to its decentralised nature. Lime Trading (CY) Ltd – the owner of Lime Fx – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA). The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. There is currently an MT5 Global special promotion on Lime Fx that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC). This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm.

What did our traders think after reviewing the key criteria?

However, while Lime Fx has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into scammed by limefx the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. Lime Fx offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies.

Lime Fx Deposit & Withdrawal Options

• The CyprusSecurities and Exchange Commission (CySEC) regulates the broker (license number281/15).
• On the downside, our research has revealed that swap-free accounts are not available.
• Limassol, the second-largest town in Cyprus, stands as the island’s primary tourist and commercial hub, boasting the largest harbor.
• Trading fees are low and there’s a variety of trading platforms to choose from.
• It usually takes five business days, along with an ACH activation form.

Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Lime Fx strictly does not accept third-party payments.

Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week. In essence, Lime Fx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify Lime Fx’s reputation in the financial trading space. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. Lime Fx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. Lime Fx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences.

Best offers

Overall, limefx review the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. Trading fees with this broker are low compared to competitors. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips.