Lime Fx Review: Key Features, Pros and Cons

CQG is available in various different high-end terminals both for investors and for speculative traders. This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type.

Indices trading on Lime Fx

The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money. J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners. We aren’t impressed with the additional trading features available.

The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities.

How To Open A Live Account

MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time. I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading.

Additionally, Lime Fx offers its proprietary platform, designed to cater to its customers’ specific needs. Lime Fx ranks among the better brokers due to its choice of trading platforms and services, but trading fees are high despite low minimums. Lime Fx offers MT4/MT5 trading platforms, which fully support algorithmic and copy trading. Trader may use customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.

1. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge.
2. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.
3. In contrast, the actual trading fees discourage high-frequency trading or scalping.
4. I prefer more clarity concerning available assets, as Lime Fx does not list sectors besides Forex, metals, stocks, options, futures, bonds, and CFDs.
5. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.

While using Lime Fx, our team were impressed limefx broker reviews with the breadth of trading tools and extra services. Lime Fx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

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For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. Lime Fx offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.

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In contrast, the actual trading fees discourage high-frequency trading or scalping. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. Lime Fx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.

Overall, when we used Lime Fx, our team found that it stood out for its wide selection of advanced trading tools. The web-based platform also has a clean and intuitive interface that displays total profit and loss, plus charting functionality. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. There is also a campaign to become a professional trader which offers a bonus of up to $2000. There is also the CQG platform with four different solutions that can be used to trade futures and options.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. For investors who want to trade on the go, Lime Fx provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.

Accounts also cannot be funded by credit card checks, traveler’s checks, money orders, or Western Union. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform.

Finally, for experienced traders, there’sthe MT5 Global account. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. The brokerage offers Basic and Pro accounts, limefx broker reviews ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs.

The results from our assessment show that Lime Fx is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners. Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, Lime Fx isn’t the best forex broker for new traders in our view. With that said, traders should be aware that the available instruments vary depending on the account you have.