Lime Fx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I rate Lime Fx’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me.
How Competitive Are Lime Fx Fees?
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. 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. All content on this site is for informational purposes only and does not constitute financial advice.
- I performed my tests on an ECN XL trading account using the desktop and mobile app versions of MetaTrader 4.
- The MT4 platform is available in desktop, web, and mobile versions.
- Lime Fx incorporates the renowned MetaTrader 4 (MT4) platform, which is suitable for casual trading.
- Lime Fx serves clients in the EU through a company registered in Cyprus, and clients from the rest of the world through a company registered in the Comoros.
Ever wonder why some brokers feel like that shady cousin who “borrows” your lawnmower? Think of CySEC regulation as your financial bouncer—licensed (121/10), muscle-bound, and scanning every transaction like a nightclub ID. It’s in segregated accounts at top-tier banks, safer than grandma’s cookie jar.
VIP Account
- The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
- The withdrawal may take up to seven business days depending on the payment method but usually withdrawals are processed much faster.
- You can also access the Lime Fx MT4 platforms on Android and iOS smartphones and tablets.
- The broker that provides you with a competitive online trading environment and the required resources to help you get the best out of your trading.
- Additionally, bank transfers are available for withdrawals, providing more flexibility for traders.
TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. We are also a community of traders that support each other on our daily trading journey. Lime Fx is a forex and CFD broker that offers very low trading fees and achieves fast order execution speeds. Due to its hybrid ECN/STP model, Lime Fx has access to deep liquidity, making it a good choice for high-precision trading.
Available 24/5, the live chat service is perfect for quick questions, troubleshooting, and immediate help with trading operations. Lime Fx minimizes non-trading fees, offering a highly transparent fee structure. The broker does not charge any fees for inactivity or deposits on certain account types, allowing traders to maintain and fund their accounts without worrying about hidden costs. However, some account types may have minimal fees based on trading volume or specific services. Potential withdrawal fees may apply depending on the withdrawal method chosen, which will be detailed in a separate section.
Lime Fx offers traders the core MT4 trading platform without third-party upgrades. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and limefx scam tested MT4 which is the best trading platform for retail by far. However, traders seeking stocks or deep education and market research will need to look elsewhere.
Lime Fx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo https://limefx.name/ 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. Lime Fx’s live chat feature offers instant access to customer support, allowing traders to receive real-time assistance directly from the trading platform.
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Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. Accessing the MT4 or MT5 app through an Lime Fx account is also straightforward, requiring only three easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. 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. Still, Lime Fx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. I’ve been trading with Lime Fx for a few months now, and so far, it’s been a good experience. The spreads are reasonable, and customer support is decent, though not always as fast as I’d like.
Customer Service
Even the advanced features, such as real-time charting and market analysis tools, are available for mobile use, allowing you to trade anytime, anywhere. With the Lime Fx Trader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are. Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. Lime Fx now offers trading in currency pairs, commodities, indices and cryptocurrencies.
Lime Fx Review 2025
Importantly, your funds will be held in segregated accounts with Tier-1 banks, and you’ll enjoy negative balance protection whichever entity you open an account with. This means that you cannot lose more money than you invest with Lime Fx. With Lime Fx, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, Lime Fx will use Hellenic Bank’s exchange rates, published here.
Risk disclosure:
The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with Lime Fx. You can practice your forex trading skills or test new strategies without making a financial commitment. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure.
For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders. While spreads are slightly wider on Standard accounts, they remain highly competitive, making Lime Fx an appealing choice for traders of all levels. The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier. Forex trading is a cornerstone of Lime Fx’s offerings, featuring a comprehensive selection of currency pairs for traders to explore. These include major pairs like EUR/USD and GBP/USD, known for their high liquidity and tighter spreads. Minor pairs, such as EUR/GBP and AUD/CAD, provide additional trading opportunities with slightly wider spreads.
Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. 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. Here is a screenshot of the Lime Fx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
Furthermore, controlled by the Cyprus Securities and Exchange Commission (CySEC), Lime Fx offers a degree of security very vital for new traders joining the market. As the majority of Forex brokers, Lime Fx also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance. However, leverage should be used smartly as it increases the power of losses as well. Still, when forex trading tools execute faster than TikTok trends, minor flaws fade.
To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Yes, it is possible to have a profitable strategy when trading with Lime Fx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. I like Lime Fx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with Lime Fx simple for beginners. The overall trading environment at Lime Fx features a low cost structure and competitive asset selection, .
On the downside, Lime Fx’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like Lime Fx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. Clients may also use their Facebook or Google accounts to open an account.