Anyway, you`ll face some problems, so you need some external helping hand. I had some technical issues with the platform and reached them out. It was my surprise to know that beside competent and on time answers, the support can speak several other languges. Hey Alice Cox,We are so glad you liked Lime Fx’s platform! We think it’s a great place to start your trading journey, and we hope that you’ll stay with scammed by limefx us for years to come. When you trade CFDs, you can do so by using leverage, which means that traders only need to use a small capital amount to control a much larger position in the market.

Lime Fx is a very inviting platform

However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. Lime Fx is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029. Additionally, the Lime Fx group includes Damadah Holding Limited, which is based in Cyprus. We use dedicated people and clever technology to safeguard our platform.

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All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. Note that withdrawals can be made only using the same method used to fund the account. Here’s a balanced look at the Advantages and disadvantages of trading with the broker.

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You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. My tests indicate that Lime Fx’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10.

My Key Takeaways After Testing the MetaTrader 4 Platform

While I appreciated Lime Fx for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. I appreciated Lime Fx for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective.

You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about Lime Fx’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves.

• We use dedicated people and clever technology to safeguard our platform.
• While leverage enables you to potentially earn bigger profits, it can also incur bigger losses.
• Some features and services may vary depending on where you reside and which entity you open an account with.
• Alongside charts, trading signals and technical indicators that allow automated trading, traders can download MT4 for Android, Windows, iOS, and macOS.
• One of the main topics in Lime Fx reviews is the firm’s account offering.

Lime Fx’s Trading Fees

Lime Fx incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. The competitiveness of Lime Fx’s fees depends on the asset classes traded.

I opted for the Privilege account because I had enough money for it and conditions seem to be the ultimate ones on it. Spreads are within average values, like for trading gpb/usd they rarely widen more than 3-4 pips during peak hours. I guess it’s okay, you can trade and earn the biggest part of money from the deal.Besides, Metatrader rarely has serious glitches preventing normal trading. Do people use brokers that don’t provide limefx courses scam any sort of value? Well I don’t think so and that wasn’t going to be my case when I decided I was going to use Lime Fx. My expectations are sure damn met and the platform is easy to use and navigate, it’s quite advanced with effective analytical tools.

• At Lime Fx, we are fully committed to transparency, professionalism, and fostering trust in all our interactions.
• The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
• Please click below if you wish to continue to Lime Fx anyway.
• While I appreciated Lime Fx for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content.
• Lime Fx offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures.
• Lime Fx’s commitment to providing a wealth of educational resources and market analysis research is evident.

It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. Lime Fx offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations.

I like how I can trade more than 3 assets with no hassle and I also admire the integrated tools and features. I quite enjoyed Lime Fx’s educational guides covering very basic trading topics that novice traders are likely to ask. They do not delve particularly deep into the subject matter or examine more complex topics but are quite useful as a starting point. I also appreciated the vast amount of over 150 written articles that are available from Lime Fx’s blog section of the website.

While the broker offers comprehensive, responsive, and dedicated support through these channels, the lack of phone support can be a letdown for potential customers. Hi MarcoS,Thanks for taking the time to share with us your feedback! Hello Vera Goldstein,We’d like to thank you for your kind words!