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They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. Lime Fx always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. Here at Forexbrokers.net, we take pride in helping our readers find the best possible financial service providers and avoid fraudsters.
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Trade with a multi-regulated broker that has built long-standing partnerships with top global banks to ensure your funds are always secure. We offer a superior trading environment that puts traders in the best position to profit. We pioneered the strict no requotes, no rejections policy that established our reputation.
Educational Resources
The company ensures that client funds are protected with segregation and uses advanced encryption to safeguard personal information. With strong regulatory backing and robust security measures, Lime Fx Group is a safe choice for traders looking to invest with confidence. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Even if the broker goes bankrupt, you won’t have to worry about the balance you had with the broker disappearing overnight. These awards act as indicators for reliability and class, showing how determinedly a broker engages in offering high-standard services aimed at fulfilling customers’ interests fully. It proves Lime Fx’s continuity that has seen it bag many of these esteemed prizes. Lime Fx broker is regulated by three financial authorities and strives to keep its platform secure for users around the world. It is regulated by the Financial Services Commission, ASIC, and CySEC. The platform takes several measures to protect users and their accounts.
Tradable markets are all about finding an edge, and minimizing fees is a smart way to do that. I am glad that the broker I recently chose to trade has an excellent rating. I mean I explored a lot before I made the decision, and what sealed the deal for me was their promotions. You start immediately with a $30 no-deposit bonus, and then a two-tier bonus of 50% and 20% is waiting for you when you deposit your trading account. Yes, Lime Fx offers a mobile app available on both Android and iOS, allowing you to trade and monitor markets from anywhere. The app includes real-time alerts, charting tools, and secure login options like fingerprint and face recognition.
Lack of Control Over Trades
- There are numerous options for depositing funds available and it is completely free to make these transactions, there are no hidden fees charged by the broker.
- Compared to rival brokers, Lime Fx charges inactivity fees very quickly, however not as expensive as other brokers.
- MT4 is a widely used, intuitive platform renowned for its customization features and advanced technical analysis tools.
- Our clients can choose to trade forex and derivatives on stock indices, commodities, stocks, metals and energies from the same trading account.
- There are several account types available and you can choose whichever suits you during the signup process.
Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though. In total, there are 356 different CFDs offered by Lime Fx, limefx forex broker with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and they don’t offer any ETF products.
- When holding positions overnight, traders might incur swap rates, also known as overnight fees.
- This includes soft and hard commodities such as cocoa, coffee, copper, and many others.
- If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply.
- New traders can benefit from the various educational content available on the company’s website.
- So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account.
- Lime Fx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.
- Once you know which account you want to create, simply click “Open An Account” on the right side of the broker’s website.
There are numerous research tools available for traders, to ensure that they are able to understand price movements in greater detail. The broker also offers daily analysis and news articles, to keep you in touch with the most important events happening in the market. The spreads are greatly variable and depend on the underlying exchange. In addition limefx to this, in order to create this account, you will be required to deposit at least $10,000. This is unlike any other account type offered by the broker, where the minimum deposit to open the account is just $5. This account is basically a combination of the Standard and Micro accounts, offering traders the best of both worlds.
This Lime Fx review gives you all the key facts you need to decide if it’s the right platform for your money. If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. Lime Fx may charge overnight financing fees for holding CFD positions overnight.
Standard account
Some may focus on low-risk, steady returns, while others may take more aggressive positions in pursuit of higher profits. Choose a provider whose risk level aligns with your own risk tolerance. It’s important to remember that trading involves emotions, and copy trading is no exception.
Lime Fx Spreads, Commissions, and Other Fees
The money that is funded to Lime Fx is placed into a segregated bank account at a tier 1 bank. While Lime Fx provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. Lime Fx provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. Lime Fx offers a transparent fee structure that traders can consider when evaluating their trading costs. Overall, Lime Fx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies.
Step 3: Choose and download the trading platform
The platform is highly user-friendly and provides a great search option. I’m trading via a standard trading account and I like that spreads start from 1 pips averagely and it seems these spreads are pretty tight. Lime Fx provides exceptional trading tools and a vast range of instruments. Their platform is easy to navigate, and their customer support is always ready to assist. Thank you for taking the time to review Lime Fx, You’re absolutely right! It’s fantastic that you’re finding this platform cost-effective, even as a new trader.
Why Trade Forex With Lime Fx?
Lime Fx offers various types of accounts, including Micro, Standard, and Lime Fx Zero accounts, each designed to suit different trading preferences and strategies. Once the account is created, you will be able to access the Copy Trading feature. The “Lime Fx mark-up” on financing charges is not unique amongst brokers but some do not add any fees to the standard tom-next rate formula. We like the zero fees that you get on deposits and withdrawals (except for wires below $200). Inactivity charges are low on the monthly rate but kick in after only a short time.