Traders can access both the MT4 and MT5 mobile apps with Lime Fx, which are available for iPhone/iPad and Android devices. The secure Lime Fx back office handles all financial transactions for verified clients. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. Account verification is mandatory at Lime Fx, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Lime Fx may ask for additional information on a case-by-case basis.

The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that Lime Fx does not engage in unnecessary data mining as part of its registration process. Besides research from Autochartist, Lime Fx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well.

I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. 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-based ECN account. You can click on the Demo button at the top of the broker’s website and fill in your contact details to set up your demo login details. Typical ECN spreads at Lime Fx start from 0.2 pips for popular pairs such as EUR/USD and USD/JPY. Note that Standard account spreads come in at around 1.5 pips for EUR/USD.

Open a Standard account

Swap rates on leveraged overnight positions are also competitive, making Lime Fx an excellent choice for all trading strategies as long as they select the ECN option. 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. Unfortunately, we do not provide services to citizens and residents of this country. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.

Does Lime Fx offer a no deposit bonus?

Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The minimum initial deposit to start trading in the Standard and Fixed accounts is 100 USD or EUR. Both MetaTrader platforms use industry-standard security procedures, including Secure Sockets Layer (SSL) encryption to safeguard data exchanged between servers. Traders can also add two-step verification upon login, which protects against hackers signing in from an unknown device. The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions.

Data safety

There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. Lime Fx does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days. Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds.

1. The research section ranks among the best industry-wide, and Autochartist is also available.
2. Lime Fx offers Standard and ECN accounts on the MetaTrader 4 and 5 platforms, plus additional tools and copy-trading.
3. The secure Lime Fx back office handles all financial transactions for verified clients.
4. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
5. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started.
6. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Lime Fx offers 24-hour support from Monday to Friday via telephone, email, or chat services such as WhatsApp and Telegram.

Trading Platforms

My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Lime Fx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). Lime Fx’ execution qualityis confirmed by VMTand complies with bestexecution standards.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This limefx courses scam 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. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. The broker offers two of the most popular trading platforms available, plus various account types to suit different traders.

There are also some additional trading tools, including access to Autochartist and copy-trading features. I like the Lime Fx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, Lime Fx became one of the most competitive Forex brokers.

Lime Fx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Lime Fx offers some educational content, including forex news and analytics, as well as a blog. Clients can also get free access to the Autochartist indicator, plus an economic calendar and trader calculator. Copy-trading is also available in the RAMM account, where traders can earn up to 50% of investors’ profits on copied trades.

I highly recommend it to all traders, particularly algorithmic and high-volume traders. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lime Fx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot.

Customer experience that you deserve

Negative balance protection exists, meaning traders can never lose more than their deposits. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. limefx scam I always recommend that traders check these before evaluating the total trading costs.

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Lime Fx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that Lime Fx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience.

I’m happy to receive email updates, including Trustpilot recommendations, tips, and news. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.