Lime Fx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus limefx company reviews Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.
Is Lime Fx regulated?
- I find Lime Fx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
- The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
- Lime Fx operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.
- Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.
- If you have traded with Lime Fx we would really like to know about your experience – please submit your own review.
- This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors.
Lime Fx provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.
How to Register Lime Fx account
The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. 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. 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.
Is Lime Fx Regulated?
Our team rates Lime Fx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. We don’t consider this a reputable regulator so traders should be aware they may receive little in terms of legal protections should the firm run into financial difficulties, for example. These can range from 6 to 16+ fractional shares depending on the promotion. There is a VPS offer, but it requires an account balance of $2,500 and a minimum monthly trading volume of 30 lots, which is higher than many alternatives. Whilst it has an ongoing sign-up bonus, traders will find little in terms of loyalty schemes and trading competitions.
- Webull only accepts traders from a few countries alongside the US, so clients from most other countries should consider alternatives, including those based in the EU.
- Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them.
- If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points.
- The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices.
- However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example.
- Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable.
Range of Tradable Instruments
Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lime Fx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. Lime Fx has a clean regulatory track record and established itself as a secure and trustworthy broker. There are no commissions and tight spreads sourced directly from liquidity providers. While testing Lime Fx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.
Trading Conditions
Lime Fx, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. Lime Fx comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders. It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. The choice of payment methods depends on the company that you open an account with, and your country of residence.
Other popular promotions include no deposit bonuses, which require no initial payment. These are attractive but in our experience, you can rarely withdraw this money, even profits generated from it. Together, limefx scammers these bonus funds can build to up to $10,000 per month, subject to the current trading promotions and terms and conditions. SuperForex offers the greatest choice and frequency of promotions out of every forex broker we evaluated. With a $0 minimum deposit, no funding fees, and the automatic distribution of credit funds, it is also straightforward to sign up and receive the joining bonus.