Detailed Review Of Lime Fx Trading Platforms, Fees, Account Types, And User Experiences

In conclusion, the Lime Fx Islamic Micro Account is an excellent choice for Muslim traders seeking to participate in the best forex market without compromising their religious beliefs. With its low deposit, high leverage, commission-based system, and lack of hidden fees or charges, traders are sure to gain from this account. Furthermore, it provides access to educational resources to help traders hone their skills and maximize their potential profits. All in all, the Lime Fx Islamic Micro Account is an ideal option for those looking to succeed in the competitive world of forex trading. Lime Fx’s VIP account is the optimal choice for traders who demand the very best from their trading platform. From reduced spreads and increased leverage to priority customer service and advanced trading resources, this account provides all the features and benefits necessary to reach financial goals.

Step 2: Download MT4 & get set up for trading

• Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis.
• Lime Fx recently strengthened its educational tools by introducing the Academy.
• Our editors independently research and recommend the best products and services.
• Additionally, you will gain insight into user experiences that can reveal potential pitfalls and advantages when choosing Lime Fx as your trading partner.
• At the same time, I trade major, minor and even exotics.With such leverage I can use small part of the margin.And thanks to tight spreads, my trading is always efficient.
• This account provides access to tighter spreads, starting from 1.6 pips, allowing for more cost-effective trading.

Therefore, you should conduct thorough research on these aspects to ensure your trading experience is secure. You’ll need to provide your personal details, including name, email address, and phone number. The next step is completing the KYC verification, which requires submitting valid identification (passport or limefx review driver’s license) and proof of address (such as a utility bill). Once verified, you can select your account type and make your initial deposit. The minimum deposit starts at $100 for the Micro Account, and your account will be ready for trading.

Trading Platforms

The leading platform for traders globally and the one which is preferred by beginners and advanced traders is MetaTrader 4. Lime Fx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. Lime Fx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose. 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.

Lime Fx Micro Account

Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading.

Market Buzz

Lime Fx provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading. Social trading is also available via Lime Fx’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. Lime Fx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot. There is a detailed description of each account type’s spreads and limefx commissions. Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in Lime Fx’s Client Agreement.

• Lime Fx provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading.
• Broker research materials have been neglected, generating the biggest black mark in our review.
• There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment.
• Lime Fx allows accounts to be denominated in 13 different base currencies, depending on the account chosen.
• Fixed spread accounts also have a competitive advantage in such environments as their costs cannot rise, no matter how volatile the market becomes.
• I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc.
• These afford traders access to multiple markets with varying degrees of underlying volatility.

Does Lime Fx offer a demo account?

For more experienced traders, the Premium Account requires a $1,000 deposit and offers tighter spreads, starting from 1.6 pips. The VIP Account caters to professional traders, with a minimum deposit of $10,000 and the tightest spreads from 0.8 pips. Each account type comes with access to MT4 and MT5 trading platforms and a wide range of assets, providing flexibility for all trading styles. Lime Fx offers a variety of account types tailored to different trading needs and experience levels.

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. Customer support is available 24/5, in 30 different languages to support clients from over 180 countries in Europe, Asia, the Middle East, Africa, and Latin America. Lime Fx’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking.