However, Lime Fx’s spreads generally exceed the industry average, and it does not offer a raw spread account. Lime Fx’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience. Dear Ghani Khelifi,Thank you for your review.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
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Lime Fx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility. I discovered that Lime Fx offers three commission-free trading accounts with floating spreads. The broker has a 100% margin call and a 20% stop-out level, protecting its clients against the dangers of a complete account wipeout. Lime Fx could improve its account offering by adding a raw spread account. Lime Fx has an impressive assortment of 85 currency pairs, including major, minor, and exotic pairs. The broker also provides an extensive educational library, which features dozens of webinars, articles, ebooks, and more.
Swap-free trading is available via Lime Fx’s Islamic accounts. Lime Fx incorporates the standard suite of MetaTrader 4 available for desktop, web, and mobile trading. It can be used for automated trading via EAs, basic technical analysis, and simple order execution. The broker also offers its TradeCopier service for copy trading.
Lime Fx Instruments Summary
Traders can choose the platform that aligns best with their specific trading needs and devices. We’re glad to hear you’ve had a good experience using our platform. We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that.
Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
My tests showed that Lime Fx’s spreads on the Standard account generally exceed the industry average, while its swaps ranged from average to high compared to the benchmark. On the other hand, Lime Fx does not charge handling fees for deposits and withdrawals, and its inactivity fee is relatively low. The first time I saw the site I actually fell in love with the user interface and design, https://limefx.club/ it’s very easy to use and navigate. The trading academy has everything that I needed to be knowledgeable and informed on the kind of assets to trade_- I chose forex pairs and sometimes dabble in precious metals. Also the trade copier works very well and it helps you to make money while spending less time on learning strategies and all that. The reasonableness of commission fees largely depends on the trading style and preferences of individual traders.
- Lime Fx could improve its account offering by adding a raw spread 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.
- On the other hand, Lime Fx does not charge handling fees for deposits and withdrawals, and its inactivity fee is relatively low.
- A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative.
- Hi Mohamed N.,Thanks for taking the time to share with us your feedback!
Is Lime Fx suitable for automated trading?
Lime Fx offers Islamic accounts for swap-free trading under Shariah law. Clients can request further assistance by contacting the broker’s customer support. Broken by asset class and compared to the industry average, Lime Fx offers an average number of share CFDs and a high number of currency pairs, commodities, indices, and cryptocurrencies. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs).
Lime Fx Main Features
Ultimately, he could not answer and told me to refer to my account manager. I also appreciated the broker’s phishing notice, which clearly outlines what clients can expect in terms of official communication. While ForexBrokers.org has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. This broker honors its clients with the academy provided.
Additionally, it lacks a raw spread account and does not offer phone customer support. The broker supports MetaTrader 4 and has developed the TradeCopier service for copy trading. I appreciated Lime Fx’s investment in comprehensive educational materials and high-quality market research.
- Companies can ask for reviews via automatic invitations.
- The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility.
- Lime Fx offers Cent accounts for algo testing, and algo traders can use Expert Advisors (EAs) to automate their trading systems.
- Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations.
When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Lime Fx offers multilingual support via live chat and email. However, the website has a dedicated FAQ section for general queries. Agents respond within seconds to live chats and are generally knowledgeable.
Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice. Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard limefx courses scam our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Lime Fx does not accept as clients residents of the United States, Cuba, Iran, Sudan, Syria, North Korea, or any jurisdiction where trading with leveraged products is prohibited by law.
I was surprised to see such lavish bonuses and of course I decided to take advantage of it by depositing a large amount of money. I got a 40% additional bonus to my initial deposit and thanks to this, I was able to trade with larger lots.I didn’t notice anything suspicious while I was meeting all the terms and conditions. Everything is transparent, they don’t set hidden requirements unlike other brokers where I needed to trade more than 100 lots before withdrawing my profits. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.