With such a useful market analysis, we would love to see the section expanded to other pairs. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Trading with Lime Fx will involve fees from $3 USD / R 60 ZAR, spreads from 1.3 pips to 1.5 pips, and commission-free trading depending on the account type traders select.

Also, conditions for online trading might vary depending on the jurisdiction. Our relentless pursuit of operational security is anchored in our solid regulatory framework, meticulous segregation of client funds, and our fortified association with the Investor Compensation Fund. Each of these elements interweaves to form a robust tapestry of security, reflecting our unwavering resolve to protect our clients’ assets and interests. We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services. We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all. Lime Fx offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.

Further improving the broker’s cost-effectiveness without deposit or account maintenance fees. Lime Fx uses a spread-only methodology; hence, its ECN XL account shows no extra trading commissions. Spreads on important currency pairings start as low as 0.1 pips, which appeals to budget-conscious traders. For EUR/USD the average spread is about 0.8 pips, which is reasonable given many other brokers. Established in 2010, Lime Fx has become known as a dependable broker in the forex trading space, regulated by the EU authority in Cyprus it provides reliable trading conditions overall. Based on our expert opinion, Lime Fx Forex broker has been recognized by numerous traders around the world as well by the significant number of awards they receive.

Lime Fx’s commitment to multilingual support enhances limefx official site accessibility for clients from various regions, although it’s important to note that support is unavailable on weekends. However, the lack of alternative platforms is a major drawback, also some traders find MT4 slightly outdated. Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union. This comprehensive regulatory alignment underscores our unwavering commitment to maintaining high standards of compliance, transparency, and ethical conduct.

• However, according to the payment method the minimum amount ma vary from 50 to 100$ per transaction so be sure to check those conditions, which we find slightly different in each Lime Fx entity too.
• The broker is not a market maker, which differentiates it from Dealing Desk brokers.
• Swap fee is calculated using the interest rate differential of the two currencies of a forex pair, and the fee is usually the same for positions either long or short.

Lime Fx Desktop MetaTrader 4 Platform

An investment banking firm ‘Solomon Brothers’ coordinated the first currency swap of German Dutch and Swiss francs in exchange for the US dollar. We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations.

• The risks involved may lead to incurring damage or losses that exceed the initial deposit of the trader.
• While an Lime Fx no deposit bonus does not exist, Lime Fx offers a 100% first deposit bonus with a $2,000 limit.
• Swap-free accounts allow these traders to maintain their positions overnight without incurring any swap fees.
• An investment banking firm ‘Solomon Brothers’ coordinated the first currency swap of German Dutch and Swiss francs in exchange for the US dollar.
• The broker doesn’t charge any deposit fees and even reimburses third-party banking charges.

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Lime Fx provides quality research tools meant to improve traders’ market analysis and decision-making capacity. Although Lime Fx’s research products are helpful for traders, they might not be as thorough as those of other top brokers; hence, users should always augment their research with other sources as needed. The protection of the client’s investments is provided in multiple ways according to the regulatory requirements and setter rules, yet always depends on the particular jurisdiction. Alike European regulation is way more strict and applies various rules, which apart from the segregation of the clients’ funds at all times, management and control of each type of risk complies to a number of rules.

Live Spreads

A Forex swap rate depends largely on the underlying interest rates of the currencies in the pair that is being traded. As we have already noted, the amount of the swap fee depends on which financial limefx scam instrument you are trading. It can be a positive or negative rate depending on the position you take but regardless of the position you take, you would always be charged for holding the position overnight. Depending on the instrument you are trading, you may need to look at contract specifications or ask your broker directly to confirm when exactly swap fees are charged on your account. Swap fees can be positive or negative depending on the swap rate and the volume of the open trade positions.

The Lime Fx brand is authorized and regulated in multiple jurisdictions worldwide. Regulatory Authorities under which Lime Fx fall include The Cyprus Securities and Exchange Commission (CySEC) and The Vanuatu Financial Services Commission (VFSC). Additionally, Lime Fx offers its clients Negative Balance Protection and all client funds are held in truly segregated funds.

Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes Lime Fx a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions. Lime Fx provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.

These elements, along with the Forex ECN XL trading account, ensure a seamless and enriching trading experience. Lime Fx offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of Lime Fx is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs.

Our advanced Price Aggregator continually scrutinizes the Bid/Ask prices entering our ECN system, displaying the optimum price combinations sourced from our liquidity providers. This dynamic pricing mechanism creates a professional trading sphere for all levels of traders, opening avenues for enhanced profitable trading. This award, a reflection of independent endorsements by traders, underscores Lime Fx’s commitment to innovation and service excellence. This approach negates any conflicts of interest or price mark-ups, corroborating Lime Fx’s stance as a trustworthy partner in trade execution. Lime Fx’s desktop trading platform is MT4 and MT5, available for Windows and Mac. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.