.jpg)
One area where Lime Fx doesn’t measure so well is educational resources. This broker lacks in that department and many other brokers perform much better. Forex.com is a reputable broker with low fees and a user-friendly interface. This broker accepts US clients and offers many tradable instruments. As far as educational resources go, Forex.com offers many options. Established in 1996, Oanda US is a popular broker that accepts many US clients.
.jpg)
Customer reviews
If Lime Fx turns out not to be the best fit, we have many resources on the alternative premium forex brokers. Lime Fx receives a mixed bag when it comes to community reviews. While many users are very happy with what this broker offers, some have reservations. Many users enjoy the high leverage rates, which are among the best in the market. Customer service is also mentioned several times as being responsive and high quality. Additionally, the number of assets available is also something many users enjoy.
What is the maximum leverage offered by Lime Fx?
Additionally, the VIP program is open to clients with at least $20,000 in an account. This status gives access to increased cashback, bonus trading funds, priority withdrawals, free VPS, and reduced swaps up to 30%. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Lime Fx earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist.
What are the payment methods for Lime Fx?
The training programs are designed based on tools for traders of all levels, from ”beginner to advanced.” This broker doesn’t accept residents of the EU, UK, Australia, and the US. This is quite limiting to many traders, so alternative options need to be considered.
Is Lime Fx a regulated broker?
We will discuss this further customer reviews section but the lack of educational materials is a sticking point. Lime Fx has offshore regulation, which means it isn’t regulated by any of the “major” regulatory bodies. In this case, it is regulated by Saint Vincent and the Grenadines Financial Services Authority (FSA). The likely reason for this is that this broker doesn’t offer its services to many European countries, and the USA and Australia.
.jpg)
Unique Features
I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Swap rates on leveraged overnight positions are also competitive, making Lime Fx an excellent choice for all trading strategies as long as they select the ECN option.
- Another potential downside of Lime Fx is its relative lack of educational resources.
- Spreads starting from 0 pips, +500 tradable assets, and compensation funds of up to 20,000 EUR per trade claim are some of the features in Lime Fx.
- Negative balance protection exists, meaning traders can never lose more than their deposits.
- While offshore regulation may not be ideal for some, there is considerable peace of mind due to Financial Commission membership.
- Every person has specific and personalized needs, so it’s vital to take the time to research and compare.
EToro is a highly regarded broker with top-tier regulation and many features. limefx It offers copy trading and algorithmic trading, alongside a range of account types. Additionally, this broker has many educational resources for skill development.
- However, this comes with the risks of a lightly regulated broker.
- It also maintains a Telegram signal service and explains its trades well.
- Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account.
- Lime Fx provides free trading signals from third-party Autochartist.
- Whether you decide to go with Lime Fx or not, remember that the key to successful trading isn’t just about choosing the right broker.
- I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market.
Customer Support: 4/5
The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Lime Fx supports credit/debit limefx scammers cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Besides research from Autochartist, Lime Fx publishes quality in-house research with actionable trading recommendations.
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 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.
It’s a good idea to start with a demo account if you’re not used to trading. That way, you can practice your skills without risking real money. The first step is to carefully assess all account types and choose the one that suits best. The Lime Fx website is very user friendly, so the signing up process isn’t overly complicated. We have talked about the pros and cons, pricing, customer reviews, and main features. It’s important to remember that this broker isn’t available for everyone, due to geographical restrictions.