Lime Fx Review 2024: Is it the #1 ECN Forex Broker Real Talk Broker Judge

If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. 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. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Lime Fx transparently displays on its website. Lime Fx deploys an ECN/STP execution model and does not manipulate quotes.

Currency Pairs

• I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.
• Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies.
• Our Lime Fx review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively.
• Lime Fx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000.
• The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business.
• Lime Fx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.

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. Lime Fx, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading. Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms. Lime Fx offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.

Brokers Similar to Lime Fx

Worth keeping in mind, however, is that regulations in Vanuatu are much weaker than in Europe. This means that clients may be left without much help in the event a broker goes out of business or deposits are otherwise lost. Yes, our Lime Fx review experts feel that this online broker is secure.

Is Lime Fx suitable for automated trading?

While its design may not be as modern as some newer platforms, it remains a reliable choice for many traders. However, for those who prioritize flexible chart scaling, MT4’s charting capabilities may feel somewhat limited. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.

Platforms and Tools

We are also disappointed with Lime Fx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, Lime Fx imposes it after a relatively short period of time, especially compared with OANDA, which only charges limefx its $10 inactivity penalty after 12 months. All trading accounts can be denominated in either USD, EUR, or GBP. Both platforms are available on desktop, web, and mobile devices, allowing you to trade on the go and monitor your positions anytime, anywhere. Lime Fx prides itself on providing its customers with the best possible trading infrastructure. An additional mile in the foundation is the Lime Fx NY4 Equinix MT4 server.

Safe & Legit: Our Handpicked List of Trusted Brokers

• The company is known for focusing on its customers by offering competitive prices and favorable trading conditions.
• The broker stands out for extremely low trading fees and a decent range of educational and research materials.
• It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time.
• Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making.
• In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.

Applications for Corporate trading accounts should be submitted when a Legal or Registered Corporation intends to open an account. On the Corporate Account Application form, you will find areas specially designed for assigning an Authorized Representative(s), to trade, deposit or withdraw on behalf of the applicant. Opening a Corporate Trading Account is a straightforward procedure. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Additionally, traders can read about the prevailing market sentiment, important support and resistance levels, pivot points, and implied volatility. They are also presented with potential entry and exit levels, stop-loss and take-profit levels.

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 limefx scammers and elevate your trading experience. 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. In the vast landscape of forex brokers, Lime Fx has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach.