Lime Fx Review : Read Before You Trade

For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. What I thought very useful is that some of the available instruments are denominated in different currencies.

Customer Reviews

Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Each demo account imitates real trading conditions, the only difference is virtual money is used. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.

Lime Fx provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading. Social trading is also available via Lime Fx’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading. However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved. Also, Lime Fx reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade.

STP/ECN No Commission Account

Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.

STP/ECN Accounts

• Withdrawal processing time may vary depending on the chosen method and the time of day the request is submitted.
• Lime Fx is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses.
• Articles in this section underpin major economic developments and the underlying factors driving price action.
• The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10.
• The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play.
• This shows strong business ethics and a responsible corporate attitude by supporting community development.

These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. As mentioned earlier, Lime Fx’s support for over 500 instruments, copy trading services limefx website through TradeCopier, and over 10k competition prizes are the main benefits of trading with this broker. Lime Fx accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea.

Best Trading Brokers

Lime Fx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot. There is a detailed description of each account type’s spreads and commissions.

I checked Lime Fx’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology.

I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments. The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping.

Lime Fx Account Types

• In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
• The Lime Fx website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world.
• Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk.
• Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities.
• They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program.
• Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by Lime Fx.

In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000. The broker is also regulated limefx broker reviews by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. The mobile app affords traders quick and easy access to the market on the go.

Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators.

Lime Fx accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. The same subcategory also includes trading of spot energy commodities. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil.