RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. Lime FxFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. Both platforms are available on desktop, web and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. Tradetron is a cloud-based algo trading platform for retail and pro traders.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Actually all the account types of Lime Fx FX can be called Islamic friendly. According to Islamic standards, there is no accumulation, collection, or payment of interest rates. Lime Fx is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes.
What Leverage Does Lime Fx Offer?
Numbers represent accounts, so all Lime FxFX account holders remain anonymous. For this TRU insight, we’ll explain how Lime FxFX trading may best suit you if you’re new to trading and live in a region area that requires support in non-English languages, like Southeast Asia. In our Trust category, we assess how stable and transparent a broker is. This includes how long they’ve been in business, the size of the company, and how openly they share important information. Steven Hatzakis is the Global Director of limefx broker reviews Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
Lime Fx provides fully functional mobile trading apps for MT4, MT5, and Lime FxTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. Lime Fx extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the Lime FxTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. A trading account is where you store funds and trade currencies or other assets.
Deposits and withdrawals are also free of charge with the broker, though third-party processing fees may apply. All available assets are swap-free, with no hidden costs or extra commissions. This makes Lime Fx an attractive option for traders who hold positions overnight. When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients. We use a simple three-tier system to rank regulatory bodies, with Tier 1 being the most trusted and offering the highest level of protection. Lime Fx has improved its pricing and appears to keep pace with the lowest-cost MetaTrader brokers.
- Both novice and intermediate traders can benefit from the valuable advice offered in these articles.
- Users from all over the world have traded in the financial markets using our platforms and mobile apps.
- Lime Fx provides a variety of educational resources aimed at enhancing trading skills.
- A $25 minimum deposit makes Lime Fx pretty accessible for retail traders.
The Lime FxTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders. It also integrates actionable trading signals for more informed decisions. However, the broker charges mixed spreads that may that may reduce profit margins for active traders. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
Opening an account with Lime Fx is a relatively straightforward process. Traders can access MT4, MT5, and Lime FxTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by Lime Fx. They formed and maintained tier-one protection to prevent any technical issues, such as data loss or damage.
Install Our Apps
Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. I was most impressed by Lime Fx’s AI-powered market research and comprehensive educational content. Another great perk is its streamlined Lime FxTrader platform, which is available as a pleasant alternative to MetaTrader 4 and MetaTrader 5. Lime Fx – established in 2011 and headquartered in the Comoros – is a financial derivatives broker that distinguishes itself with its user-oriented, innovative, and often offbeat approach to trading.
- Discover if African traders can profit from it using smart strategies.
- Additionally, Lime FxFX is registered with the Financial Services Authority (FSA) of St Vincent and the Grenadines, offering a robust multi-jurisdictional regulatory framework.
- Essentially, the broker lends the trader money so that they can open bigger positions.
- Periodically, Lime Fx offers the Lime FxFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds.
I liked its innovative market trackers, sophisticated market breakdowns, and featured trading ideas. My only gripe is that it does not offer any content from third-party sources like Trading Central or Autochartist for extra nuance. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.
These practices are in place to ensure the security of our clients’ funds and the transparency of our services. Your feedback is extremely valuable to us, and we will use it to improve our communication and support processes further.Once again, we apologise for the inconvenience caused and appreciate your patience. Please rest assured that we are always available to assist you and resolve this matter promptly. In terms of trading platforms, the broker supports MetaTrader 4, MetaTrader 5, and the proprietary Lime FxTrader. The broker caters to traders of all experience levels, offering free educational resources, such as online courses on the basics of trading, webinars, and live trading sessions. Overall, with competitive spreads, high leverage options, and robust security measures, Lime FxFX strives to provide a comprehensive trading experience tailored to diverse needs.
If you don’t mind these issues, Lime FxFX is an ideal choice as a low-cost broker with a standard setup. You can enjoy a slick mobile Lime FxFX app and a good range of trading tools. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Fresh webinars are published regularly in English, Malay, Thai, Spanish, and Portuguese, catering to all experience levels—from first-time traders to market veterans. Lime Fx has also created a detailed 11-lesson video course that dives deeper into core areas like chart analysis, market fundamentals, and building the right trading mindset. Lime Fx offers top-notch market research for a streamlined trading experience.
Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. When stacked against competitors, Lime Fx lands in the mid-range for fees. While spreads on EURUSD and share CFDs are impressively tight, costs on commodities and indices—especially crude oil—are noticeably higher than average. Still, the lack of non-trading fees and its universal swap-free structure give it a significant edge for traders who hold positions overnight. Lime Fx accepts payments via credit cards, cryptocurrencies, and different e-wallets.
Lime Fx stands out in the research category with a rich set limefx scam of in-house tools, including daily market overviews, an economic calendar, and featured trading signals. While it doesn’t provide third-party research, the in-house content is more than sufficient for keeping up with market movements. Compared to the industry average, Lime Fx offers a low number of indices, an average amount of currency pairs, commodities, and share CFDs, and a high number of cryptocurrencies.
In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. A trader can place every standard order type (market, limit, stop loss) within the platform. Lime Fx Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.