Although this cost is meager compared to some other brokers, casual traders should keep this in mind. While other online payment systems like limefx Neteller and Skrill have a set 2.7%, but bank wire transfers cost between $30 and $ 45. Lime Fx uses a spread-only methodology; hence, its ECN XL account shows no extra trading commissions.
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. The Vanuatu Financial Services Commission (VFSC) provides Lime Fx with a competitive regulatory environment for international clients.
„A satisfied customer“
- As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capabilities too rigid and less effective.
- Lime Fx stands out as a solid broker choice for traders looking for a low-cost, regulated platform.
- Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky.
- Widely known for its simple interface and strong trading capabilities, the MetaTrader 4 (MT4) platform is the only supported choice by Lime Fx.
However, this is not a unique feature and something that you will find most brokers provide nowadays. On the other hand, if you already have some experience then I don’t think you will learn anything new. They also do not have frequently updated market analysis which could help gives us some further market insights. If you are just getting started on your trading journey and need guidance along the way, Fortrade is a broker with lots of educational resources.
So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. Lime Fx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. Lime Fx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions.
ECN/STP Execution
- You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account.
- As a result, selecting the right trading platform like Lime Fx requires a deep understanding of the market, trading strategies, and platform functionality.
- Our team has compiled a series of detailed Lime Fx comparison articles, pitting the Lime Fx platform against some of the best-rated Lime Fx competitors in the market.
- When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds.
Complete training in financial markets such as „Forex,“ „Stock Market,“ and „Cryptocurrencies“ only becomes comprehensive with tested trading tools and strategies. „Trading Finder,“ with its experience, aids traders and investors limefx broker reviews in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from „beginner to advanced.“ The process includes just three essential steps and provides immediate access to the ECN trading environment. Once registered, users can explore deposit methods and trading platforms through the Lime Fx dashboard.
We understand that informed decisions with Lime Fx are the key to successful trading, so we’ve provided this detailed Lime Fx review. So, take a seat, grab a cup of coffee, and dive in to learn about Lime Fx and how it can benefit you or if Lime Fx is not for you. This detailed Lime Fx review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Share Dealing.
All payments made to Lime Fx by traders are securely held in a segregated bank account. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. 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. The spreads are very tight starting from 0.4 I enjoy trading news sometimes and they allow it as well.
These platforms do not require any downloads; as long as you have a browser and an internet connection, you can access their full functionality. MetaTrader 5 (MT5), an enhanced version of MT4, offers faster order execution, more built-in indicators, advanced charting tools, improved back-testing capabilities, and greater market depth. These platforms are versatile and cater to traders at all levels, ensuring seamless trading across all devices. Based on the MetaTrader 4 and 5 platforms, the Lime Fx MobileTrader app offers customers a strong trading experience on demand.
Company details
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Lime Fx terms and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. Lime Fx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. Lime Fx transparently provides all necessary information on its website.