The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
This shows strong business ethics and a responsible corporate attitude by supporting community development. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Success in online trading and investing depends on proper planning based on solid information and useful market insight.
Customer Support Test
I like how they have strict regulation in multiple jurisdictions and are well respected within the industry. The high quality of their services has been acknowledged by the numerous international awards that they have won over the years. If you are looking for a reliable trading broker with everything that you need in once place and much more, Lime Fx are a top choice.
The broker provides you with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days https://limefx.club/ a week via phone, email, and online chat. The responses arrive in a prompt and efficient manner from my experience. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law.
The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass Lime Fx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
What Sets Lime Fx Apart?
You should only engage in any such activity only if you are fully aware of the relevant risks. If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. Lime Fx offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting. The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading.
What is CFD Leverage?
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. In conclusion, I rate Lime Fx to be a reliable broker that caters well to day traders and algorithmic traders.
Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
Solid Trading
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- Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.
- Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
These tend to have higher marked up spreads but you do not pay a commission on trades. It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times. Where many brokers only offer a few accounts, Lime Fx have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero. They also offer corporate and institutional accounts, with a dedicated business account manager who can prepare a bespoke service package catered to your needs. These tools can be used to assist with finding potential trading opportunities, analysing the markets, risk management and more.
- A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
- Lime Fx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.
While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure.
However, its total tradeable symbols are far below the industry average of 3,623. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine market developments from different angles and exploit the underlying trading opportunities in multiple ways. I have compiled the table below to help you better understand the difference between the trading fees with Lime Fx’s No Commission account type and the industry average.
The free Lime Fx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
63.91% of retail investor accounts lose limefx official site money when trading CFDs with this provider. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.
I don’t mind paying the small commission fee as the broker needs to cover costs somehow. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management.