Contact us directly for further inquiries about our products and services. Lime Fx is also a member of theInvestor Compensation Fund. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings.

How To Make A Deposit

Lime Fx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. The forex broker holds a license with the Cyprus Securities limefx broker reviews & Exchange Commission (CySEC).

Trading Platforms

We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days. Minimum withdrawal amounts also apply to certain processing methods.

Lime Fx vs Other Brokers

1. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge.
2. While using Lime Fx, our team were impressed with the breadth of trading tools and extra services.
3. There is something for everyone to trade with thousands of financial instruments available.

Alternatively, you can head limefx broker reviews to forums and sites like Trustpilot for other user reviews. Sterling Trader Pro is a direct-access platform for equities and options. The options chain also highlights in-the-money options for faster decision-making.

We aren’t impressed with the additional trading features available. Based on our evaluation, there aren’t many forex tools to improve the trading experience. There is also the CQG platform with four different solutions that can be used to trade futures and options. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products.

Is Lime Fx A Regulated Forex Broker?

For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. Investors on Lime Fx can put money into investment funds that are managed by other users. Clients must allocate a minimum of £100 to take advantage of this feature. Online APIs, such as REST API, support the integration of additional features to the standard broker experience. Lime Fx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.

Our review shows Lime Fx scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. Our testing shows that Lime Fx offers lower fees than most forex brokers, especially in its premium accounts.

Getting started on Lime Fx – Main steps

Lime Fx Online Ltd is a broker based in Cyprus and regulated by the CySEC. The brand offers forex, commodities, stocks, ETFs, CFDs, crypto, bonds, futures, and options. The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest. The service is also accessible to all, not just Lime Fx clients. Commissions on withdrawals vary, with the highest coming in at 2.8%. FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge.

There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio. The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken.

To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. The results from our assessment show that Lime Fx is a good forex broker.

Trading fees are low and there’s a variety of trading platforms to choose from. There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs.

Note, all clients must be 18 years of age or older to open an account. When comparing Lime Fx vs Interactive Brokers, for example, the broker comes out on top in terms of options pricing. Importantly, during our tests, the live chat was quick and easy to use with responses in less than a minute and email responses within 24 hours. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. Those with uninvested crypto can also deposit this to earn interest payments through staking and lending.

It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. However, some account types, such as the Forex ECN account, have higher minimum deposits (£200 in this case).