The FAQ section answers many of the most common questions, and Lime Fx is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
Lime Fx maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients.
The above live prices are provided solely for informational purposes, not for trading purposes, and may be limefx broker reviews delayed. The secure back office of Lime Fx handles all financial transactions. Lime Fx maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. All client funds are held in segregated accounts, completely separate from any and all Lime Fx corporate accounts. FX CENTRAL CLEARING Ltd is a member of the Investor Compensation Fund, which was established to secure the claims of covered clients against a CIF in case that the company is unable to compensate the claims.
Start with a Risk-Free Demo Trading Account
Live Averaged Spreads and Commissions of Lime Fx Trading Broker Accounts. The company providing very good spread conditions with Commission $0. FX CENTRAL CLEARING Ltd applies the Markets in Financial Instruments Directive. MiFID provides a harmonized regulatory environment for investment services across the European Economic Area (EEA). Security, privacy and protection of our clients’ investment is our top priority and as a regulated broker we can offer you a peace of mind when trading with us.
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. Lime Fx shows clients how to obtain the most up-to-date rates, a step many brokers omit.
How to Register Lime Fx account
We are committed to our clients’ success, by delivering competitive pricing, via the fairest and most transparent order process in the retail forex trading market. Lime Fx’s main objective is to empower its clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey. Trading forex offers up unlimited opportunities to access and trade the financial markets. One of the most ignored trading costs is swap rates on leveraged overnight positions.
EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €۲۰,۰۰۰. Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lime Fx does not list them.
The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through limefx forex broker third-parties for an additional fee to (potentially) enhance the trading experience.
FOREX Trading
One significant advantage is that Lime Fx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals. By providing a unique suite of resources, a VIP level of services, combined with world-class support 24/5, our low cost trading environment provides the ideal base to succeed.
- Clients have access to the full suite of the out-of-the-box MT4 trading platform.
- Lime Fx Forex broker provides a range of educational resources to help traders improve their knowledge and skills.
- Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
- Lime Fx advertises free VPS, supporting automated trading solutions.
ECN XL, also known as the ZERO account is one of the most cost effective trading accounts. Lime Fx’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers. Lime Fx is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
Is Lime Fx an ECN broker?
Lime Fx lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. Lime Fx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Lime Fx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
At Lime Fx we often use a motto that we have adopted over the years; “from small acorns great oaks will grow”. Every ECN trader starts somewhere that is why every Lime Fx client is treated as an individual, a VIP, who will enjoy a personal, unrivalled level of service. Clients can open a ECN XL account with only $100 and enjoy the same level of dedicated full support and service as if they are a VIP client. You will be able to take advantage of the ECN/STP model of forex trading we helped to pioneer.
In conclusion, Lime Fx stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, Lime Fx’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Lime Fx offers traders a competitive commission-free trading environment.
Lime Fx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. As we are dedicated to have our client’s funds safe, they are secured in Leading International banks. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts.
Lime Fx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. Lime Fx offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with Lime Fx.
