It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. 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 executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.

1. Another side note is that Lime FxFX was located in St Vincent and the Grenadines.
2. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Lime FxFX clients‘ funds.
3. Rates, terms, products and services on third-party websites are subject to change without notice.
4. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed.
5. The minimum deposit is USD100, regardless of what type pf account you choose to open.

Does Lime FxFX offer negative balance protection?

Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Lime FxFX’s platform. While learning, you can also use global trading times to practice making live buy or sell trades using Lime FxFX. This hands-on experience can help you gain confidence and become more comfortable with trading. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account.

With negative balance protection, Lime FxFX trading losses are always limited to the current balance of funds in the trader’s account. Trading CFD trades on the Lime FxFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. It’s important to note that Lime FxFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.

Lime FxFX is extremely limited regarding payment method options for funding a trading account. We can tell you that Lime FxFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators. It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading.

Spreads

When it comes to education, Lime FxFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis. If you are outside the EU, then you will have access to the MT4 Micro account type. Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs. Within Europe, the minimum deposit on the available account types of MT5 Pro is $50.

We found the trading platforms offered by Lime FxFX to be sufficient. As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. When it comes to account types and minimum deposits, Lime FxFX wins again in my opinion. You can open a Micro Account with just a $100 deposit with Lime FxFX. Exness has a higher minimum deposit of $200, while FXTM requires a bigger investment of $500 minimum to open an account. To delete your Lime FxFX trading account, you will need to get in touch with the customer support team.

The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths. The difference in leverage depends on the product trading, and where limefx reviews you’re located on the globe, due to which regulatory guidelines apply to your account.

Additional Features

But it’s nice knowing real human help is just a chat message away whenever I have a pressing question or concern. With all those global customers, you might think Lime FxFX is headquartered in a major financial capital like London, New York or Tokyo. But its roots are actually in the island nation of Saint Lucia. And it seems to have worked, because Lime FxFX now has over 21 million happy customers! They were not joking when they say answers are in 30 seconds😬 Good chat with supportive workers, also FAQ is large and has good information. There is also an Islamic swap-free account for those worried about whether trading is haram or halal.

Please update this review with your email or trading account number so we can check it further. Regarding spreads during news events, we’re working on providing the best possible trading conditions, and your feedback helps us identify areas for improvement. If you wish for lower spreads, opting for Gold or Platinum status is a viable option, which both tighten them.

Withdrawal – Impressed

Overall, we were very satisfied with the email support provided by Lime FxFX. If you’re looking for a broker with reliable email support, Lime FxFX is worth considering. Lime FxFX customer service supports multiple languages from all over the world. Having a broker thatcan hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

All withdrawal requests are processed within 1-3 hours during business hours, though the time taken for funds to clear back to the original payment method may vary. This is a significant advantage for investors using mid-term and long-term strategies as charges will not be applied for any positions held overnight. Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years.

When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss. limefx broker reviews Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature.

For beginners or casual traders like myself, they offer their own proprietary web-based platform called Lime FxFX WebTrader. Their website promises trading on low spreads, fast execution, and reliable service. So we needed to take a closer look to see if Lime FxFX could be trusted or if they were just blowing smoke.