Lime Fx Broker: Pros and Cons That You Need to Know

Traders who prefer the Shariah account can also choose to open an Islamic account type as well. Hedging is allowed, and the minimum trade volume is 0.01 lots in MetaTrader 4 and 0.1 lots on MetaTrader 5 platform. The amount of open or pending positions that traders can open at a single time is up to 200 positions with up to 100 lots per ticket. Choosing the most reliable Forex brokers in the World requires evaluating key factors like spreads, leverage, commissions, Forex trading platforms, and deposit methods. To further improve your trading performance, explore the top 8 effective trading indicators every trader should know. I have compiled the table below to help you better understand the difference between the trading fees of Lime Fx’s three retail account types and the industry average.

Deposits and withdrawals with Lime Fx are free of charge, however, third-party banking fees may apply. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. There are 57 instruments to trade, which is a fairly decent selection.

Demo account-holders traders receive US $100,000 as virtual cash for trading. The only benefit of this is they can also access real-time data or analytic tools offered on the Lime Fx trading platform. However, electronic wallets such as Moneybookers, Skrill, and Neteller as well as credit cards and bank wire transfers charge $5 of the deposited amount. There are more than 10 trading platforms available at Lime Fx, meaning you can easily find the trading dashboard to suit your style.

Digital assets can be great for investors to diversify their portfolios. No, Lime Fx does not have VIX or Volatility 75 Index on their platform at this moment. Lime Fx has NASDAQ or NAS100 CFD instrument which is listed as US100 on their platform.

It also impresses with its diverse account types and thematic indices offering. The Standard account on offer at Lime Fx gives you access to all the available instruments with zero commission. There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip. If you are a retail trader, looking for a broker that focuses on stocks and forex, then Lime Fx should certainly be worth your consideration.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
The material revolves around fundamental and technical basics, trading indicators, how to determine entry and exit, weekly market analysis, and many others.
Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade.
The account was opened with the broker’s Trading Point of Financial Instruments Ltd entity.

Lime Fx TV keeps financial market news under its radar, so you never need to miss any important news event. You can even listen to podcasts where professional traders are being interviewed and learn from their experiences. Overall, Lime Fx have an excellent offering when it comes to market analysis and education. Lime Fx Group offers a good variety of asset classes to trade CFDs on forex, stocks, commodities, indices, precious metals and energies.

If you are a trader that comes under the Lime Fx Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and are all https://limefx.group/ major US, UK and German companies. All the major indices are available, but with just three different US indices, there are better selections elsewhere. If you are tight for time, here are some of the important features that we like about trading with Lime Fx.

Various Types of Accounts

By carefully assessing these factors, you can select a broker that aligns with your trading goals while ensuring security and efficiency. Learn the fundamentals and build your strategy with our complete guide to Forex trading for beginners. Lime Fx accepts traders who are residents of countries from the European Economic Area (EEA). MT5’s mobile app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor the development of your open positions and make changes if needed.

It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles. The wide portfolio of instruments such as forex, commodities and stocks have been instrumental in enabling me to diversify my portfolio to the optimum level. Their webinars, and tutorials are great, I have 2 saved to watch later, they have assisted me in enhancing my trading skills. The analysis tools are not too limited either, which makes the study of the market easier.

Inactivity Fees

On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.

Lime Fx is indeed good Broker for beginning traders, also Traders with experience who prefer MT4 or 5 platforms and run various strategies looking for stable Broker.
Any rates, terms, products and services on third-party websites are subject to change without notice.
Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade.
In today’s Lime Fx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry.
I was tradign forex everyday and now I am also trading gold because this asset is very interesting, it’s sometimes fast but I am learning.

Customer Support Channels

They’re not here for 1 day and are not trying to ‘wow’ or bedazzle, no fancy sales or offers, but I don’t need that so I’m quite fine. They’re doing fast withdrawals for me, they have decent spreads for the forex majors. Although Lime Fx has a strong reputation for regulatory control under agencies such as ASIC and CySEC, prospective customers should still be wary of fraud and confirm the broker’s legitimacy prior to trading. For many traders, Lime Fx is a trustworthy option since it shows overall financial stability and openness, also is stable along the years Broker operation, we haven’t find breaches of law or heavy penalties. Besides, Lime Fx is one of the Brokers that operates more than a decade and is quite well-established and known for transparency brand in trading environment.

All BrokerNotes content is researched, fact-checked, and edited by the research team. Founded in 2009, Lime Fx Group has established itself as a prominent player in the forex and CFD trading industry. It is regulated by several major authorities, ensuring a secure trading environment. Lime Fx Group is a trustworthy broker, though it is not publicly traded. It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK.

Account Types

Lime Fx provides a range of investing options, mostly emphasizing active trading above passive investment choices. Lime Fx does not offer long-term investing possibilities, including bonds or ETFs, Shares investment which would restrict options for those looking for conventional asset classes. The broker offers no specific long-term investing plan; their products are designed for short-term trading strategies and dedicated to trading mainly on CFDs. For Broker with classic Investment Options we would suggest checking other Brokers.

Best FX Customer Service

Compared to the standard lot size it is quite low, as the standard lot equals 100,000 units of an asset. While this is a very common way of trading stocks today, not everyone is really into this strategy. For those who prefer not trading CFDs, Lime Fx offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly. These licenses allow Lime Fx to offer services to traders in different parts of the world. Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world.

I am happy with the way services work and consider this broker a good option. Lime Fx is a convenient platform for me from the point of those instruments it offers and payments. Well, actually I didn’t even question the fact that payments would be hassle-free here. Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It’s noticeable that providing excessive number of tools is their priority. I found a new asset for me here at Lime Fx, didn’t think of trading it before I’ve seen the conditions.

Is Lime Fx good for Islamic trading?

MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. Lime Fx incorporates MetaTrader 4 and MetaTrader 5 for retail trading, which are available for web, desktop, and mobile app trading. Furthermore, Lime Fx incorporates MT4 Multiterminal for account managers. We recommend Lime Fx Group for beginners due to its comprehensive educational resources, including both advanced and beginner videos.

The broker has issued a ‘best execution policy,’ a legal mandate that requires brokers to deliver the most optimal price quotes under the prevailing limefx market conditions. It also has a strict Client Categorization policy, which determines the best services for a trader based on their experience level. The “Lime Fx mark-up” on financing charges is not unique amongst brokers but some do not add any fees to the standard tom-next rate formula. We like the zero fees that you get on deposits and withdrawals (except for wires below $200).