Lime Fx Forex Broker Review and Rating 2024 Detailed Lime Fx information with traders reviews for 24 May 2024

Broker Lime Fx provides forex, stocks, leveraged products, silver, and gold trading using the renowned MetaTrader 4 platform, accessible for download or as a web-based solution. As brokers are well aware, one of the most significant aspects of a trade is the money you don’t have to spend. The ECN XL Account at Lime Fx has no commission costs and spreads start at 0.0 pips.

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Lime Fx offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. Lime Fx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position.

  1. As per Lime Fx review and our research, we can conclude that the platform provides multilingual customer service 24 hours a day, seven days a week through phone, email, or live chat.
  2. Keep reading our Lime Fx review to find out if this broker would be appropriate for your needs.
  3. The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses.

Lime Fx Review 2024: Is This Forex Broker Good Choice For You

The mobile application has proven to be stable and reliable during testing. Lime Fx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. This means that clients of Lime Fx’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. All information on is only published for general information purposes.

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It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the scammed by limefx section expanded to other pairs. Lime Fx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers.

How do I withdraw money from Lime Fx?

MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that Lime Fx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

The program offers 30 technical indicators, several periods, and a live broadcast of market prices. The general price environment is reasonable, ranking in the middle among worldwide rivals. Everyone who trades with an Lime Fx broker here will eventually obtain their outcomes. Particularly considering the broker has only one ECN XL account with spreads starting at 0 pips and no fees.

The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, Lime Fx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. In addition to offering free access to a Virtual Private Server (VPS), Lime Fx currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.

Deposit Fees vary from company to company, so it is important for traders to know how these work before opening an account with any firm or platform. The Lime Fx account uses an ECN/STP execution approach and does not tamper with quotations. Swap rates apply to leveraged overnight positions, and Lime Fx tells clients how to get the most up-to-date prices, which many brokers skip. The broker’s educational page is a good resource for beginners and traders just starting.

Changes in interest rates, unexpected market shifts, and alterations in central bank policies can all impact swap rates, potentially eating into profits or increasing losses for traders. To understand forex swap rates, you need to know about long and short positions. A long position is when you buy a currency pair, expecting its value to go up. On the other hand, a short position is when you sell a currency pair, anticipating a decrease in its price.

This minimizes the possibility of conflicts of interest or price mark-ups, allowing this broker to be quite dependable in terms of deal execution. There are many websites that offer feeds on currency price data on commercial business, which are gathered from a range of reliable sources. With Lime Fx MetaTrader, one may become faster, more versatile, and more accurate.

Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. Because I get enough stress at trading, so I don’t need it outside of it. It’s a good broker for intraday trading because trading conditions allow to earn on every move. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.

By clicking on the chat logo in the lower right-hand corner of the page, you may access the live chat service. However, users can access the Lime Fx FAQ section to solve small queries and doubts. While this may seem like a lengthy period in contrast to other brokers, the broker Lime Fx has more than a decade of experience in the sector. The business concept of broker Lime Fx is built on STP (Straight Through Processing), which involves sending orders directly to financial institutions.

This feature suggests that Lime Fx is quite content to teach rookie traders the ropes. Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar. Forex trading has become popular among professionals due to its large potential profit margins and billions of dollars being traded on an everyday basis. It has been reported that there are more professional forex traders than any other type of trader. There will be no commissions or administrative expenses for traders using Islamic accounts and no swap fees. Islamic accounts are available upon request, and Lime Fx has the right to refuse to give an Islamic account if it deems it necessary.

A Forex e-book and educational glossary are also included under the Lime Fx “Education & Research” header. This feature indicates that Lime Fx is perfectly fine with teaching new traders the ropes. This tool allows traders to open long-term positions, while the rollover fee may be either positive or negative and varies according to the current rates on a particular trading pair. Let’s take a hypothetical scenario to illustrate how swap rates can influence trading outcomes. Imagine Trader A holds a long position in a currency pair where the starting currency has a higher interest rate than the second currency.

Many of the guides include information on reading Forex charts and Forex trade. The guides also give helpful tips on how to become successful in Forex trading, including how to develop your trading strategy. For the inexperienced trader, forex trading is a sophisticated and demanding kind of trade. The trading platform provides all clients with Lime Fx MT4, which is compatible with a variety of devices and major web browsers.

As our lives have become ongoing, so to access trading remotely, many apps have developed over the years. Suppose the customer wants to keep in touch with currency prices remotely. In that case, he can download or install mobile apps like currency converter apps for various digital services like tablets, mobile phones, and laptops.

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