Lime FxFX Broker Review January 2025 Pros & Cons

The global currency market is divided into four major trading sessions. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess. All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons. For those seeking a cost-efficient and transparent broker, Lime FxFX sets itself apart by prioritizing its clients’ financial interests. Research tools provided by Lime FxFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.

• It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia.
• If you are interested in automating share CFDs, MT5 is the only platform on Lime Fx to provide this.
• I think they are ideal for anyone who is looking to trade manually or run automated systems.
• Filippo Ucchino started his trading career in Forex trading in 2005.
• These labels denote some milestone that the Master Traders have reached, although their performance and results can vary.
• However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools.

Swap-Free Account Fees

If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will limefx courses scam match your answers to help find the best forex trading platform for your trading style. With Lime Fx being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities.

• This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential.
• Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD.
• You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish.
• In addition to the markets offered, as an Lime FxFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location.
• The products, features and protection can all vary depending on the entity that you decide to open a trading account with.
• Once you feel confident with trading, you can migrate to MetaTrader 5 to get access to even more features.

Is Lime Fx a good broker?

Many users recognize it for its easy-to-use platforms and good trading conditions. Lime FxFX basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on Lime FxFX including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities.

According to Lime FxFX, they never charge commissions, ensuring a transparent and cost-effective trading environment. This makes it an attractive choice for traders looking to maximize their profits without worrying about hidden fees. Copy trading with Lime FxFX is perfect for beginners who are just starting with forex trading. By following experienced traders, you can learn the ropes of the market and develop your own trading skills.

Open an account on a trading platform

Founded in 2011, Lime FxFX provide a fantastic selection of use-friendly yet powerful platforms for limefx forex broker trading forex and CFD instruments with very competitive costs. You can choose from a decent variety of versatile account types, each designed specifically for different types of trader. I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed.

Brokers By Country

MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. Forex robots are ideal helpers when you need to evolve your scalping techniques and stop making manual decisions. Once you open numerous short-term orders, the most important thing is to close the orders with proper timing. That is where robots come in, providing accuracy in Forex and index trading.

Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the Lime FxTrader platform. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. Lime Fx said that offering swap-free accounts aligns with its business goal of serving a global clientele. In order to make your learning process with Lime Fx more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money. Register for Lime Fx’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month.

Choose your trading platform

Overall, there is a lot to like about Lime FxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.

Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. No, the broker does not offer real shares as part of its trading instruments. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. Going by customers’ review, Lime FxFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.