BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, limefx broker reviews and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the Lime Fx account name. Some payment processors have geographic restrictions, but the Lime Fx back office will only list the ones available to traders.
With over 3 decades of capable reliability, the MetaTrader 4 , also known as MT4, is an online trading platform used by both novice and experienced traders. Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes everything a trader needs to succeed in online forex trading. With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both novice and experienced traders.
Lime Fx offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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The US economy added 235k jobs in February data showed on Friday, more than the consensus for 190k, and a number consistent with further tightening in the labor market.
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Traders have eight account options at Lime Fx, where the minimum deposit is $0 for most. However it’s important to note that this review focuses specifically on Lime Fx offered by Notesco Limited and registered in Bermuda. Low trading fees and quality education for beginners from an industry leader. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.
Traders can open an Lime Fx account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office. I like the trading fees in the Lime Fx Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. As far as trading volume is concerned, the foreign exchange market is by far the world’s largest financial market, with over $5 trillion traded daily.
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5. The company, for risk management purposes, reserves the right to change the client’s account leverage based on trading activity or to reflect prevailing market conditions. A possible reduction in leverage may cause liquidation of some or all of the client’s positions. Traders must ensure they execute risk management to avoid magnified losses. Lime Fx offers negative balance protection, meaning traders can never lose more than their deposits.
He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
Our services include products that are traded on margin and carry a risk of losing all your limefx forex broker initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. You should ensure that you understand the risks involved and seek independent financial advice, if necessary. Please consider our Risk Disclosure.This website is owned and operated by Lime Fx.
An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. The secure Lime Fx back office handles all financial transactions for verified clients. Lime Fx received numerous awards for various aspects of its competitive trading environment.
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Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading.
Account funding at Lime Fx
- Traders have eight account options at Lime Fx, where the minimum deposit is $0 for most.
- We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
- Depending on the trading strategy, it may become the most significant fee per trade.
- Lime Fx holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry.
The Company reserves the right to amend the swap values of a specific client in case of any suspect of a trading abuse. The operation is carried out at 23.59 (server time) and may take several minutes. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The Lime Fx group presents clients with two regulated trading entities and maintains a secure trading environment. Currencies are always traded in pairs, so each currency’s value interrelates with the value of the other.
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. While it provides essential functionalities for trading on the go, it does not excel in this area compared to its competitors. Lime Fx is regulated by several reputable authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and operates under MiFID regulations in the EU. Lime Fx holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. Lime Fx accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. Lime Fx has traders from 180 countries, making it one of the most accessible brokers.
Gain instant access to over 200 instruments from 6 different asset classes; all on a single platform. Choose from MetaTrader 4, MetaTrader 4 Web Trader and our proprietary Personal Multi Account Manager (PMAM). All with standard or custom Virtual Private Server (VPS) Hosting upon request. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.