Lime Fx offers a transparent fee structure that traders can consider when evaluating their trading costs. As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads. Founded in 2007 by brothers Yoni Assia and Ronen Assia together with David Ring, Etoro is a social trading and multi-asset investment company.
Forex Trading via a Broker
Lime Fx is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution. Links and download instructions for the Lime Fx MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website. Since its founding in 2009, the broker has picked up over 30+ industry awards. This review gives readers in an in-depth overview of Lime Fx and discusses the broker’s advantages and disadvantages. When it comes to trust and security, Lime Fx has taken significant steps to establish itself as a regulated and secure broker.
Whenever you start to trade in Lime Fx trading account, they will always warn or remind you regarding the risks attached when trading with leverage. Even better, the platform provides the option to show a simple dashboard while trading to help you monitor their margin and cope with risk exposure in a real-time manner. You can observe both used and free margins, which will combine as the equity in your portfolio. The free margin is the quantity you still have in your trading account, while the used margin will refer to how much money you need to have for a transaction. To protect the client’s fund in the event of extreme volatility, Lime Fx presents each account type with Negative Balance Protection.
Overall, Lime Fx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. In evaluating trust and safety, Lime Fx’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker. 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. The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since.
- The account type that you choose will probably depend on your investment size and trading style.
- Lime Fx Broker provides rapid processing of payment such as deposits and withdrawals that are supported by many types of transfer methods.
- So, don’t be confused, if some traders can get very low leverage and higher deposit, they also don’t have a trading bonus, while others can get a lot of bonuses and favorable features.
- This hopefully helps you to find an insight to decide whether you need to open an account and start forex trading with Lime Fx broker right now.
- Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration.
- However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000.
Lime Fx pioneered offering an MT4 platform with trading execution quality in mind. Lime Fx limefx scam clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. Lime Fx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with. You can open a free demo account to learn how to use the platform and practice trading online risk free, until you build enough confidence to open a live account.
Wide Range of Leverage
In terms of execution speeds, comparable brokers include IC Markets. Lime Fx Broker provides the option to trade in a wide range of assets including precious metals, commodities, stocks, and energy products. When you have registered as an Lime Fx trader, you will get a dashboard to view all the instruments available on Lime Fx Broker. Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than Lime Fx Group. With its user-friendly platform, diverse tradable assets, and commitment to education, Lime Fx stands out as a broker of choice.
It has the great advantage to simulate all the functions of a real trading account, and it allows you to conduct trading operations under real market conditions. The only exception is that a demo account is funded with virtual currency, so your gains and losses are also simulated. They come in different contract sizes and offer different trading conditions, which you can adapt to your investment goals and trading strategies. Regarding cryptocurrency deposits, Lime Fx does not typically accept cryptocurrency as a direct payment method. You would usually need to fund your Lime Fx trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets.
Does Lime Fx provide educational resources?
There are 12 futures indices CFDs and 18 cash indices CFDs available. And finally, Lime Fx Broker also enables trading with metals such as silver and gold. This guarantees that absolutely no requotes will be given thanks to Lime Fx’s efficient operation and time management. In Lime Fx Broker, traders can place a variety of order types, ranging from stops, trailing stops, market orders, and limits.
The instructions of how to access the mobile trading platforms can be found on the relevant page of the mobile platform itself on the Lime Fx website. The decision about which platform to choose is clearly based on what a client would like to trade. At Lime Fx, clients have the choice to select the MT4 family of platforms or the MT5 family of platforms. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights.
Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. Before making any decisions regarding Forex or any other financial instruments, it is essential to thoughtfully consider your investment objectives, your level of experience, and your risk tolerance. However, due to regulatory requirements and business decisions, Lime Fx does not accept clients from many countries.
Alternatively, traders can opt to access the Lime Fx WebTrader through their browser. Traders with Micro and Standard accounts pay the Lime Fx variable spread on CFD trades instead of a commission. Accounts that exceed the allowable margin face the risk of having positions closed out by Lime Fx. When making a withdrawal, Lime Fx transfers your funds back to the original funding method you used to fund your account. If this is not possible, they will transfer the funds to your identified bank account.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. There’s no difference between trading assets, tools, or trading speeds for smartphones or tablets and those for desktop PCs. Micro and Standard account spreads on all majors start as low as 1 pip, while Lime Fx Zero account holders can expect spreads as low as 0 pip. Lime Fx may require copies of your credit card before approving a withdrawal request. Traders should consult the Funds Withdrawal section of the broker website for more details on this topic. Withdrawal requests are processed in the currency in which the deposit was originally made.
The forex webinars are available 19 languages, 7 days a week with 65 webinar instructors. Lime Fx Group has a vast range of educational materials within the research and education center. This includes daily market updates, economic events, tutorial videos, webinars, seminars and more. This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has limefx slightly more features and functionalities in comparison.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider.