Lime FxFX Review in 2024 Spreads & Fees Compared

Lime Fx is transparent about its fee structure, and there are no hidden fees. All costs related to trading, such as spreads, commissions (if applicable), and swap fees, are clearly outlined. Traders should always review the terms and conditions to understand all applicable fees. Lime Fx offers a variety of account types designed to cater to different trading needs and levels of experience. Lime Fx does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.

Features of Lime FxTrader

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Lime Fx provides a variety of deposit and withdrawal options to accommodate different preferences and needs. Spreads on cryptocurrencies can be wider due to market volatility and liquidity. We have found the Lime Fx 50% Welcome Bonus to be an excellent offer as it is available on each deposit made and not only the first.

Both accounts offer most features found in a standard account with similar types of brokers. This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

Minimum Deposit

1. In article format, Lime Fx provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin.
2. This means the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors.
3. By sharing a referral link the trader will receive a commission per volume traded by their friends.

The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. Another thing we should note is that in the case of Lime FxFX, we assume the spreads haven’t been widened. If they have, then this would be akin to an administration fee however it is difficult to prove if Lime FxFX is doing this.

Vantage FX (Vantage Markets) Review

We found the most interesting feature of Forex Broker Lime FxFX to be that they have no swaps. The platform offers MT4 and MT5 trading platforms, along with commission-free spreads starting from 0.8 pips. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. 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).

Copiers may use the filter to evaluate the Master Traders most suitable based on the commission structure. It is also a rare broker fully compliant with limefx scammers Shariah law for Islamic traders. I cannot stress enough the difference this makes, especially over time. Here is a screenshot of Lime Fx live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

What educational resources does Lime Fx offer?

You can also use our traders’ tools to make more informed decisions based on the current market situation. It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia. Lime Fx offers a 50% bonus on each deposit, and a four-tier status program rewarding active traders. It also maintains a Trade & Win promotion, where each lot counts as a prize lot, redeemable for prizes.

Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Lime Fx boasts no slippage on 97.5% of its limefx courses scam executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Lime Fx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering.

Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Lime Fx only charges internal mark-ups over market spreads, which start from 0.6 pips or $6.00 per 1.0 standard round lot. It has no other notable fees and ranks among the best-priced brokers.

Lime Fx clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. MT5 provides a greater number of technical indicators, timeframes, and graphical objects.

Then, choose the period in a days you plan to keep the order open and the trade volume in lots. Choose whether you plan a Buy or Sell order and specify its open and close price. You will see the calculated profit or loss based on the provided order details.

Lime Fx is regulated by several authorities, including CySEC, MISA, and FSCA. Lime Fx is regulated by multiple authorities, including CySEC, MISA, and FSCA. The figures below reflect the available leverage at the offshore entity of Lime Fx. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.