Forex Online Trading Platform & App Review

From my perspective, FXTM stands out as the better choice for UK forex traders. FXTM is FCA regulated, ensuring that UK traders receive the highest standards limefx website of protection and security. While both brokers serve the UK market, FXTM offers a more tailored experience for UK traders, with a focus on local needs and preferences.

App support

Lime Fx’s mobile trading apps, available for both MetaTrader 4 and MetaTrader 5, offer full functionality, mirroring the capabilities of the desktop and WebTrader platforms. Whilst a decent choice for new traders we think advanced traders may find Lime Fx lacking advanced trading tools and wish a RAW-style account was available. Lime Fx is regulated ASIC in Australia, CySEC in Cyprus and IFSC in Belize so if you are in the UK, you might be better off considering a different broker. Yes, Lime Fx is a truly great Forex broker with years of experience in the financial markets.

1. For more insights on the best brokers for UK traders, here’s a comprehensive guide on the Best Forex Brokers In UK.
2. Deposits and withdrawals are essential parts of trading on a brokerage platform.
3. Moreover, Lime Fx, unlike FXTM, was founded overseas but has made significant inroads in the Australian market.
4. First, there is only one base currency option for this type of account – USD.

Comparing Lime Fx fees with other brokers

Traders can have access to all of these available assets with any account. However, keep in mind that shares can only be traded with the special Shares account. One of the policies that Lime Fx follows is negative balance protection, which is specifically important for those who use leverage when trading.

Especially those who do not want to download additional applications to their computers. The Standard account is pretty much a great choice for traders of all interests. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs. This type of account is very popular in the Forex trading market and is widely used by both beginner and experienced traders. Apart from this, Lime Fx also keeps the funds of its clients in separate bank accounts. This means that no matter what goes wrong, traders will be able to access their funds.

Online Forex Trading

FXTM provides prompt service, yet customer support teams are only available 12 hours a day, 5 days a week. The broker can be contacted via live chat, phone, email and social media platforms such as Facebook and Twitter. As well as spreads and commission fees, Lime Fx and FXTM traders will incur swap fees for positions held open for longer than one day. Also known as overnight financing fees, swap rates are derived from interest rates for each currency pair involved in the trade. FXTM is a no dealing desk (NDD) broker with orders processed using straight-through-processing (STP).

It is also licensed in Cyprus, which allows it to offer services throughout Europe, and Belize’s FSCA, which is an international regulatory body. After some thorough and detailed analyses of everything that Lime Fx has to offer, we are very glad to say that this broker can easily be trusted by traders around the world. Lime Fx has done its absolute best to ensure that every single customer finds something they might be looking for in this broker. During the registration process, one of the questions is which trading platform you want to use.

You can trade crypto pairs, such as BTC/USD and ETH/USD; or crosses, such as BTC/XRP. This variety allows traders to gain access to many assets, thereby allowing them to maximize their trading strategies. Both brokers offer the choice of commission-free and commission account spreads. As explained in the section below, Lime Fx and FXTM offer a significant number of account types with different spreads depending on a trader’s location and the trading platform they use. As spreads are much narrower than standard account spreads, traders pay round-turn commission fees of $7 when trading with Lime Fx and from $4 when trading with FXTM. While Lime Fx and FXTM provide reasonable ECN-style spreads, brokers such as Pepperstone and IC Markets offer better pricing with tighter spreads and low commission fees across all major currency pairs.

Leverage is quite a useful thing for Forex traders, as it can amplify the profits made during trading. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Lime Fx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.

We employ both manual assessments and automated testing through Expert Advisors, Indicators, and Scripts to ensure accurate and unbiased evaluations. Although a good range of contact methods are offered by Lime Fx, there is no customer support available on weekends. MetaTrader 4 on limefx Lime Fx is tailored for forex traders looking to develop and execute automated trading strategies. Lime Fx offers traders the choice between MetaTrader 4 (MT4) and MetaTrader 5 (MT5), each catering to different trading needs.

But, in case you have changed your mind, you can contact the representatives of the broker and use a different one. If you are a trader looking for the opportunity to directly invest in stocks, there is a great offer waiting for you at Lime Fx. For stock investors, Lime Fx has created a special account type called a Shares account. Beginner traders can use a demo account as a way to learn more about the Forex trading market. Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them.

Established in 2009, Lime Fx has managed to become one of the leading Forex brokers in the world in just a decade. The broker offers traders safe, secure, and diverse trading opportunities that can fit the interests of traders with different levels of expertise and knowledge of the market. The broker offers everything from simple Forex guides to different types of educational courses and videos that provide beginners with very detailed information about the market. The broker has adopted modern technology to ensure that the clients are able to start trading in a short time after registration.

What Influences Prices in Forex Trading?

Although spreads are wider than ECN Accounts, traders only pay the spread with no additional commission costs incurred. Both Lime Fx and FXTM offer multiple no commission account types with different lot sizes and minimum deposits. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs. Lime Fx offers the best customer support with 24/5 customer service, excellent educational resources, and research tools.

For those residing outside of Europe and the United Kingdom, Lime Fx’s Ultra-Low Account is a commission-free option with tighter spreads than the broker’s Standard or Micro Accounts. Contract sizes are flexible, with both standard and micro lot sizes available. MT4 and MT5 are compatible with a range of devices, with desktop and webtrader platforms available, as well as mobile trading apps for Android and iOS devices.