Lime Fx is one of the better brokers we have tested for day traders. We recommend the Zero account and the MetaTrader 5 platform for day trading. The Zero account offers spreads from 0.0 pips with a $5 minimum deposit while MT5 offers fast processing and powerful trading tools.
Advantages of Trading Gold and Other Precious Metals with Lime Fx
Significantly, 99.35% of trading orders are executed in less than one second, reinforcing our resolve to offer swift and seamless trading experiences without re-quotes and rejections. A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. The Shares Account offers Kenyan traders access to a wide range of shares that can be traded. This account has competitive commissions and the benefit of negative balance protection. An experienced media professional, John has close to a decade of editorial experience limefx scammers with a background that includes key leadership roles at global newsroom outlets. 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.
Lime Fx is a multi-regulated broker that has been trusted by traders globally for over a decade. We aim to uphold the highest standards of fairness and transparency.We would appreciate it if you could provide us with your account details so we can cross-check your claims in our system. If there has been a misunderstanding, we will do our utmost to resolve it.Lime Fx Team 🚀BIG. When I chose them as the main broker to trade with, they had been already in the business for around a decade.
Is Lime Fx suitable for beginner and professional traders?
Previous incentives, available to global clients, have included a $30 no-deposit bonus. Here, profits generated using the credit could be withdrawn once the account volume reaches 10 micro lots and 5 round turn trades have been completed. Up to $5,000,000 is available in virtual credit and you can test strategies risk-free on any of the broker’s trading accounts. Overnight fees apply on cash instruments held overnight, but this is industry standard.
👉 According to our research, Lime Fx is an average-risk broker that has a high trust score of 84% and an overall rating of 9/10 as a CFD and Forex broker for Kenyan traders. Security, customer service, account financing, and minimal fees are some of the most important features that consumers look for in an online trading platform, and Lime Fx provides them in abundance. The addition of personal account managers for each client further enhances the personalised trading experience. While Lime Fx’s no commission spreads may not be the lowest, its commitment to providing a dynamic trading environment, coupled with strong customer support, positions Lime Fx as a significant player in the global forex market.
Lime Fx is an FX brokerage that was founded by Trading Point Holdings in 2009. The broker is globally available and allows traders to buy and sell various financial assets including forex, crypto, metals, and CFDs. Lime Fx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). Its users have access to both MT4 and MT5 platforms in addition to low trading and withdrawal fees. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- In this review of Lime Fx, we share the key findings from our tests.
- Lime Fx is regarded as one of the most secure brokers as it takes measures to protect users’ funds and privacy.
- The platform is highly user-friendly and provides a great search option.
- I guess that for some people at least it is like that because there is quite the number of reviews here.The spreads are very tight starting from 0.6 pips, although you might see a little bit higher in rl.
- Lime Fx has a mobile trading app available on Google and Apple stores.
Deposit Options and Fees
Access will vary by jurisdiction due to regulatory restrictions – EU, UK and Australian investors cannot access trading promotions for example. Lime Fx offers some of the lowest trading fees in the industry based on our assessment. In addition, it is one of the few brokers we have reviewed that allows clients to open up to 8 accounts, allowing users to benefit from the perks of different solutions. Lime Fx offers great customer service, which is currently available in over 20 languages. When it comes to data protection, Lime Fx broker does not disclose users’ private information and strives to provide them with the best possible trading conditions. If you are withdrawing to your domestic bank, you will be charged a fee for withdrawals above $200.
A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative.
Broker Comparison for Range of Markets
That said, demo accounts automatically close after 60 days if there is no activity. MT4 and MT5 are both powerful platforms, built for multi-asset trading. They offer dozens of indicators, multiple charting styles, timeframes and order types, plus limefx support for automated trading through expert advisors (EAs) and scripts. We also appreciate the choice of base currencies, which include USD, EUR and GBP (European and UK clients), and HUF, PLN and ZAR (global clients). This makes it easy to run your account and trades in a convenient currency.
Lime Fx charges little to no fees on the processing of most transactions. The Lime Fx trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the Lime Fx zero account. In addition to paying commissions, you may have to factor in the cost of spread while trading. Lime Fx offers a wide range of trading instruments, quality customer service and an in-dept educational platform.
Lime Fx is well-regarded for offering competitive spreads to traders in the UK and Europe. While its no commission spreads aren’t the lowest, the platform options, market range, and client support position it as a huge player in the global forex market. The spreads are average for the market, 1-5 pips, but there are no additional commissions, and no swaps too. Hi Abdullah, We take your allegations seriously, but we cannot accept claims of fraud without any evidence.
I requested to trustpoilet please not delete this comment help me to save the life of innocent people’s like my friend. Importantly though, experts do not recommend choosing a broker based on their bonus deals. There are more important factors, including the firm’s trading conditions, tools and safety rating. Traders who sign up with the global entity will also be able to take part in various competitions that offer a range of prizes, including withdrawable cash, bonus credit, and pre-funded trading accounts. There are daily, weekly and monthly contests, offering ample opportunities.
Our clients also enjoy trading from a single multi asset platform with some of the most competitive spreads and with our no rejection of orders and no re-quotes execution policy. Previously, Lime Fx had the option to get a debit card from them, through which funds from my trading account were received very, very quickly. IDK why they removed it…But still, the compensation of commissions for deposits and withdrawals remains in effect, and the requested amount is still fully credited to the client’s account.
On the downside, the broker’s offshore entity operates with less regulatory scrutiny. Traders who sign up with this branch may not receive the same degree of legal protection or safeguards. Based on our assessment, MT4 is best for beginners with 3 chart types, 9 timeframe views, 4 pending order types, 30+ technical indicators and 23 drawing tools. You can withdraw as little as $5 while there is no maximum limit. Withdrawal times are also reasonable, typically taking 2 to 5 days. Note, that access to instruments may vary depending on your location.
The broker also doesn’t charge any deposit or withdrawal fees, while third-party bank charges will be reimbursed on international wire transfers over $200. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. Again, this is cheaper than most alternatives we have reviewed and will appeal to serious traders.