Opening an account from one of the 185 countries where this license is used is considered high risk. There is also no inactivity fee for dormant accounts or commission charges for deposits, withdrawals or currency exchange. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips.
Lime Fx offers Islamic swap-free trading on all three account types. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Both platforms are compatible with several languages, including English, Arabic and Hindi. The figures below reflect the available leverage at the offshore entity of Lime Fx. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It limefx scam allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.
Spreads
Similarly, the State Bank of Pakistan has declared forex trading platforms illegal in Pakistan. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.
However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. Their live chat team is mostly based in St Lucia or Cyprus and is 24/7. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit.
- If you have any further questions, feel free to reach out to us via live chat or email at We’re here to assist you every step of the way.Kind regards,Lime Fx Rep.
- Traders who live within the EU will have their accounts placed under Lime Fx Markets Cyprus Ltd.
- CySEC offers much better legal protection, and your legal protection is, therefore, a lot stronger if you open an account with Lime Fx Markets Cyprus Ltd.
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- Dear Usman Bhatti,Thank you for your feedback and for being with Lime Fx for the past eight months!
Why Choose Lime FxFX
You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths. Lime Fx does make an affiliate program available in the form of Invite-a-Friend and IB options.
Trade with a Regulated Broker
That being said, it is nice to see that Lime FxFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management. Lime FxFX aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (Straight Through Processing) and ECN (Electronic Communications Network) models implemented. What this means is that you can get your trades placed on the markets at the best available prices at all times. It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker.
Markets
Trading with Lime Fx seems to be Safe and Secure as it employs advanced cybersecurity measures, including regular security audits and monitoring systems, to protect against threats. Lime Fx is regulated by several authorities, including CySEC, MISA, and FSCA. Lime Fx is regulated by multiple authorities, including CySEC, MISA, and FSCA. Use our country selector tool to view available brokers in your country.
I used Lime Fxfx super easy to deposit…
Dear DJ Mega Kel,Thank you so much for your positive feedback and for taking the time to share your thoughts with us. We’re glad to hear that you’re enjoying our fast payouts, leverage options, and top-notch execution. We truly appreciate your suggestions regarding spreads during news releases and the variety of account types. The Lime FxFX Trading App is an official checking trading account with built-in tools to help you manage your Lime FxFX personal profiles, control real, demo and contest accounts, and manage deposits.
We’re also pleased that you’ve found our leverage options to be beneficial. Your feedback regarding spread conditions and leverage is invaluable, and we’ll certainly pass it on to the relevant teams. We are continuously working to improve our offerings and limefx ensure that our traders have the best possible conditions for their trading strategies.
Lime FxFX Best Forex Demo Accounts are available with MT4 and MT5 and have no time restriction on the trial period. With this in mind, the demo accounts are effectively a practice account. You can use all features including all the trading products available for trade and Expert Advisors for automation. This is quite a brave approach, and I see they have succeeded in achieving their goal.Indeed, only spreads are in the form of commissions on this platform.
I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency. Secure SSL encryption helps make your information confidential and inaccessible to third parties. 3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. The company’s mission is to provide outstanding forex and CFD trading services, via cost-effective, transparent conditions on a worldwide scale. The broker offers 80+ trading instruments including currency pairs, commodities, indices and cryptocurrencies. Thank you so much for taking the time to share your experience with us!
We are delighted to hear that you have been using Lime Fx for over a year and that our services have met your expectations. At Lime Fx, we strive to provide exceptional customer service, and it means a lot to us to know that you appreciate our prompt and polite responses. If you have any further questions, feel free to reach out to us via live chat or email at We’re here to assist you every step of the way.Kind regards,Lime Fx Rep. Lime FxFX offer a great choice of platforms for convenient access to the markets on all of your devices. You can choose from the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms. These are amongst the best trading platforms available for online trading that you will find anywhere.