Best Forex Trading Platform and System Forex Software

We at Lime Fx steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds. The safeguarding of our clients’ investments, privacy, and security is our foremost priority, allowing our clients to trade with peace of mind under our regulated brokerage. In doing so, we empower traders to focus solely on their trading endeavors, entrusting us with the stringent protection of their investments. Lime Fx’s model empowers clients with direct access to a liquid forex ECN model where everyone receives equal access to the same liquid markets with instantaneous trade execution without any delays or re-quotes.

FX CC spread live mt4/mt5 accounts

This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to Lime Fx by its liquidity providers. The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. Lime Fx was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.

Lime Fx Demo Account

• Lime Fx offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.
• Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
• Our team is happy to see that Lime Fx does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable.
• Lime Fx is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets.
• This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment.
• For the die-hard currency trader, the FOREX.com app offers 80-plus currency pairs.

The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market limefx Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. Besides the very frustrating withdrawal charge, Lime Fx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.

Is Lime Fx a good broker?

However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection. Lime Fx has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds.

Overnight Funding Fee

• One significant advantage is that Lime Fx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
• I use Lime Fx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.
• The service provider is BeeksFX, but Lime Fx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
• A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets.
• One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
• Using MQL4 you can build-up your own library of custom indicators, scripts and function database.
• MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots.

Clients of Lime Fx can delve into forex trading instantly, leveraging live streaming and the finest executable prices in the marketplace with immediate confirmations. The absence of a dealing desk and no re-quotes ensures a seamless trading journey. Lime Fx, with its extensive offerings, superior trading conditions, and a robust commitment to transparency and reliability, remains a preferred choice for traders. While every broker has its unique set of pros and cons, the advantages of trading with Lime Fx significantly outweigh the cons, making it a vibrant trading hub in the financial marketplace. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with Lime Fx.

Lime Fx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so Lime Fx is behind the competition here. Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading.

An inactivity fee of $5 per month is applied after three months of no trading activity. If you have traded with Lime Fx we would really like to know about your experience – please submit your own limefx courses scam review. This average customer rating is based on 27 Lime Fx customer reviews submitted by our visitors. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.

Is Lime Fx an ECN broker?

Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.

Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, Lime Fx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. Lime Fx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.