Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled Lime Fx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Lime Fx does have a proprietary mobile app for trading, as well as for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.

Learn about Forex trading

I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. Lime Fx has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the Lime FxTrader and MT4 only offer 32 pairs. The deposit options with Lime Fx are decent, giving you multiple ways to fund your account with no deposit fees.

Is Lime Fx a good broker?

Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your limefx review trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation.

Trading Fees

• You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips.
• This can help to prepare trades if you are in a rush or just not that good at maths.
• Don’t worry about understanding everything right away – we’ll cover all the important parts in the upcoming sections.
• There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited.
• The availability of these payment methods may also depend on your country of residence.
• Web and mobile trading platform Lime FxTrader enables you to diversify and upgrade your trading.
• Take some time to click around and get comfortable with these different areas.

In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Lime Fx supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Founded in 2011, Lime Fx (formerly Lime FxFX) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus). Lime Fx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, Lime Fx also has an entity regulated in Mauritius, through Uni Fin Invest . Space is a unique live feed designed by Lime Fx to get you fresh trading ideas right in the Lime FxTrader trading platform. Learn about the current trends for different pairs from the Lime Fx experts and open orders on the same screen to save time and effort.

How to start trading in 4 easy steps

Web and mobile trading platform Lime FxTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one that is right  for you. Lime Fx offers a demo account for all of its platforms such as Lime FxTrader, MetaTrader 4, and MetaTrader 5.

They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. Lime FxFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation.

• If you are trading from outside the EU, the minimum deposit will be $25 with the Lime FxFX Micro account.
• The account you go for may also depend on the trading platforms that you wish to use, instruments you want to trade and minimum deposit requirements.
• By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit.
• With Lime FxFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday.
• We measure success by the cost-effective trading conditions we provide and by success stories our traders share.
• Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
• Secure SSL encryption helps make your information confidential and inaccessible to third parties.

I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. MetaTrader 5, and Lime FxTrader giving you a decent choice for personalising the way you can trade with the broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site.

The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals.

MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at Lime FxFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips.

These typically take 1 day to process or less, though a wire transfer may take longer. In some places, you will also be limefx forex brokers reviews allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. This physical office presence is still quite light compared with other major brokers, but Lime FxFX does offer trading worldwide.