Lime Fx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly limefx company reviews through your web browsers. MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface. In addition, I appreciate how they provide access to the MT4 Multi Terminal that allows you to log in to unlimited accounts simultaneously. I like how the company is comprised of a dedicated team of professionals with extensive experience in the financial industry.

• Lime Fx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker.
• However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
• By understanding the roles and interactions between these two entities, traders can make informed decisions and navigate the Forex market more effectively.
• On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field.
• I find Lime Fx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.

Does Lime Fx Offer Low Forex Trading Fees?

The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. Lime Fx is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. Lime Fx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders.

The Misnomer of Over Trading and How It Differs from Impulsive Trading

I am happy with the selection of fee-free funding methods accepted by Lime Fx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. Lime Fx offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available.

• “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”.
• Licensed under CySEC, MiFID, and MISA, Lime Fx provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.
• This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself.
• This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on Lime Fx.
• With a focus on forex and CFDs, Lime Fx provides a range of tradable instruments, though the absence of stock trading may be a limitation for some.
• Lime Fx offers several unique features that set it apart from other brokers.

Introducing Brokers Partnership

I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field. The most important of which include limefx company reviews regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. Lime Fx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so Lime Fx is behind the competition here.

Demo Account

It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection.

Lime Fx can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. When you place an order through your broker, they route it to a market maker who is willing to execute the trade at the current bid or ask price. The market maker then fulfills the order, taking the opposite side of the trade. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.

We are also disappointed with Lime Fx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, Lime Fx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. Lime Fx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. As a regulated broker, Lime Fx maintains a solid regulatory environment complying fully with financial laws. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.