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This is because, both beginners and experts, find the website useful. Lime Fx, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading. Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms.
IC Markets
Furthermore, all client funds are held in accounts with major international banks and kept segregated from Lime Fx corporate accounts. Lime Fx provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. Lime Fx is nice broker and they helped me a lot during my adaptation process. Their customer service indeed cares about the comfortability of clients.
Since I have several of them, and each one has his own funding capabilities. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Additionally, traders can read about the prevailing market sentiment, important support and resistance levels, pivot points, and implied volatility. They are also presented with potential entry and exit levels, stop-loss and take-profit levels. The broker posts brief (3-4 sentences) forex news informing traders of the latest market developments.
- Navigating the ever-evolving forex market requires a reliable and competent partner.
- The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.
- However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example.
- Once these steps are completed, traders can access their account and begin trading immediately.
- This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
- If you’re just a typical retail trader, doesn’t matter which trading style your prefer, you can reveal your potential cuz trading conditions are favorable and flexible.
In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
Does Lime Fx Offer Low Fees?
This includes multiple articles, guides, and e-books on topics related to fundamental analysis and trading psychology. The only things lacking are educational videos and webinars. Central Clearing Ltd does not provide services to residents of the EEA countries, the USA, and some other countries. The services are not intended for distribution to or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. The mobile app version of MetaTrader 4 shares the same underlying issue as the desktop version.
- As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
- I think Lime Fx has the best spreads in the market, especially on the major currency pairs.
- CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors.
- The multiple industry awards are also a reassuring sign for us.
- These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features.
- Lime Fx broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010.
- You could also receive a 100% bonus on your first deposit, up to US$2,000.
Tools & Features
Trades are executed at extremely high speeds that it is virtually impossible to have any slippage. Lime Fx seems to be a comparatively strong broker with comprehensively developed trading conditions. I actually promised myself not to change my broker again, but it had some major problems. I am still not sure actually whether or not I will be transfering here all my capital. But this platform has none of the major trust problems, reliability issues, dubious questions about withdrawals and deposits. Lies upon lies, I couldn’t withdraw my profit and they kept asking for more money which is absolutely ridiculous!
How much time will it take to withdraw money via bank transfer?
Our team rates Lime Fx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. I like the fact that this account contains tons of various features, which generally divided between several accs. The fact they provide quality services can’t be argued. If Lime Fx had a web version of the trading platform, then this broker would be perfect.
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However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable limefx scam losing. Lime Fx does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I am satisfied with Lime Fx’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. 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.
Lime Fx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. Although Lime Fx does not offer an extensive suite of forex tools, I am limefx website satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on Lime Fx.