Lime Fx Review 2025: Read Before You Trade
However, the website recommends maintaining a $100 balance in your account to have a financial backup in case your trade goes sideways. Your deposit is likely to arrive in your trading account in around 1-3 hours after depositing, depending on your payment method. However, your bank or intermediary financial institution might do so. To limit fees on currency conversions, it’s recommended that you open a trading account in the currency that you use the most. Otherwise, you can directly start with a real trading account, where you can directly start trading using real money. You can also switch the real trading account to a demo account at any time, from your personal area once your account is verified. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Opening an account with Lime Fx is a relatively straightforward process. The spread for all available currency pairs offered by Lime Fx – including major, minor and exotic pairs are listed in the table below. Lime Fx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads. Lime Fx provides various special tools and features that improve the trading experience outside of traditional platforms and typicall tools provided by the research avialable on site. Here are few more additonal features that are available aminly on Intrrnational branch. Research tools provided by Lime Fx include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. First off, you will notice when you are trading at Lime Fx that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. It also provides for detailed analysis with market reports and more to offer. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. https://limefx.biz/ Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. These licenses do not include any compensation scheme, and if the broker goes bankrupt, there are no guarantees for you to get your money back. The tools include a profit calculator where you can accurately calculate your returns after deducting the spread or other fees, an economic calendar, and a trading terms glossary. You can read market insights that are available using the app, and you can conduct any deposit/withdrawal using several payment methods that are used worldwide. How are Execution, leverage and position sizing with Lime Fx? To change the leverage on Lime Fx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. No, the broker does not offer real shares as part of its trading instruments. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, Lime Fx.com, on desktop or a click of their app on mobile. These resources are crucial for developing a solid foundation in trading principles and practices. In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. JustMarkets Trading There are other broker platforms that charge zero pips and low or zero commissions. However, these pricing structures often come with other costs, such as high inactivity fees. We didn’t give Lime Fx a high score for customer service for one simple reason. Their customer support team is available through live chat, email, and social media. Overview of Trading Platforms First, we were greeted by a chatbot that provided us with answers to FAQs. Later we asked a few trading-related questions to customer support agents and received swift and professional responses. What’s more, you can send the broker an email, call or request a phone call. Offering outstanding customer support is vitally important for any organization that provides services to a large pool of customers. Lime Fx understands this simple truth and provides clients with a professional and friendly team of customer service specialists. Islamic Account: The broker offers reasonable times to process your deposit and withdrawals. MetaTrader 5 is indeed a high-capacity trading terminal that comes bundled with many advanced functions. You simply start following some pro trader you’ve picked, and Lime Fx CopyTrading app automatically copies their trades. According to data, traders using Lime Fx’s educational content tend to make a larger profit which is indeed a benefit. Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. In terms of tools, traders can choose the most convenient platform among Lime Fx Trader, MT4, and MT5. With the mobile Lime Fx app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading. Lime Fx offers trading accounts denominated exclusively in US Dollars (USD). Lime Fx Pros and Cons We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important