A broker needs to ensure that the trade or trades the trader is taking in the market place, are covered by the balance in their account. Margin could be regarded as a safety net, for both traders and brokers. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.

If you have traded with Lime Fx we would really like to know about your experience – please submit your own review. Lime Fx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience.

Accounts & Banking

Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it.

Trading Fees

As an example, leverage can significantly increase your potential losses if the currency you are trading moves in the opposite direction than what you expected. Therefore, a forex trader’s trading style is strictly controlled by stop-loss orders to control potential losses. Traders should establish clear trading rules and limits to prevent overexposure to risk. By setting maximum leverage ratios and position sizes, traders can avoid taking on too much risk and maintain control over their trading activities.

Leverage is like a financial magnifying glass—it allows traders to control larger positions with a smaller amount of their own capital. It’s akin to borrowing money from a broker to make bigger trades than you could on your own. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. Lime Fx’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our Lime Fx review to find out if this broker would be appropriate for your needs. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (Lime Fx) decided to build on their vast market experience to become the most customer centric forex broker in the business.

This guide will break down the essential concepts of leverage and margin in simple terms, empowering traders to navigate the markets more effectively. Lime Fx provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.

1. The secure back office of Lime Fx handles all financial transactions.
2. For example, 10 pip move of a micro lot will amount to $1 and 50 pip move of a micro lot will amount to $5.
3. So let’s get a bit more technical here; think of your capital to deliver a return.
4. How to determine the maximum limit to which an account size can handle relative to the available leverage provided by a broker.
5. The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets.

Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. Lime Fx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, Lime Fx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. Lime Fx has unusually competitive dealing spreads that you can gauge by opening a free demo account.

If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. It is important for inexperienced traders and clients who are new to trading forex, or indeed new to trading on any financial markets, to completely understand the concepts of leverage and margin. Too often new traders are impatient to begin trading and fail to grasp the importance and impact these two critical success factors will have on the outcome of their potential success. To evaluate brokers, we test the accounts, trading tools and services provided.

This low-cost trading environment is particularly appealing to traders looking to minimize expenses on limefx scam high-frequency trades. Stop-loss orders are valuable tools for managing risk in leveraged trading. These orders automatically close out trades at predetermined price levels, helping traders limit potential losses and protect their capital. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered.

Lime Fx Security

High leverage is like getting a loan from a broker, but there’s no interest to be paid. It’s like getting a business loan from a bank without needing to pass a credit check. For example, GBP/JPY is more volatile and has less trading volume than GBP/USD, so you’d expect to get less leverage on GBP/JPY.

As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. Lime Fx utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency.

As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with Lime Fx has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter.

Deposit Fee

DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate limefx forex broker partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

How do I withdraw money from Lime Fx?

Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, Lime Fx provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. Lime Fx maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Lime Fx offers traders a competitive commission-free trading environment.

One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. Lime Fx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. CySEC is a top-tier regulator that helps ensure Lime Fx follows strict business standards and implements safeguards like negative balance protection and segregated client funds. Losses can end up massive, and profits can shrink with forex leverage.