Trading conditions are average compared to other similar brokers, with a spread of 1.7 pips (EUR/USD) on the Standard Account and 0.8 pips (EUR/USD) on the Ultra-Low Account. Low minimum deposit requirement of 5 USD on all account options, making it great for novice traders. All in all, there is no doubt that Lime Fx has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders’ experience with mainstream trading platforms and high-quality trading execution, Lime Fx is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
There is also the option of an Islamic account available, although there is no balance protection and zero commissions offered. Lime Fx Ultra-Low Account allows hedging, but there are no deposit bonuses nor any trading bonuses. From the regulatory perspective, Lime Fx is supported by licenses from the CySEC and the FCA. Since its inception, Lime Fx broker has quickly gained the attention of traders all around the world, thanks to its various advantages such as low spreads, fast service, and other types of attractive offers. So far, Lime Fx claimed to have executed a total of 1.4 billion trades with remarkable zero repeats or rejections. For the deposit, Lime Fx applies zero-fee deposits in most of its available payment methods.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. I found Lime Fx’s live chat the easiest and quickest way to contact customer support and the best part is, you will get instant response from human representatives during working hours and they will answer your questions. If you are new to trading online and would like to learn more about the different platforms available and how to use them, Lime Fx have a generous selection of tutorial videos that can help.
About Forex Trading
Precious metals, such as gold and silver, are also relatively stable and can be appealing to beginners. If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. At Lime Fx deposits and withdrawals are performed via the Lime Fx Members Area, which is fully functional on all mobile devices and which has been designed with mobile trading in mind. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another.
Trading Assets Details
All in all, Lime Fx is a recommended broker especially if you are looking for an ideal broker with low minimum deposit requirements. Lime Fx Micro accounts have more base currencies available to choose from, ranging from the USD, SGD, AUD, EUR, GBP, JPY, CHF, ZAR, RUB, HUF, and PLN. This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit bonuses yet.
The disadvantages mainly come from additional issues that do not directly influence the quality of trading conditions, except maybe for the lack of customer support for the weekend. Lime Fx Group’s limefx reviews extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities. While the number of instruments offered varies across asset classes, Lime Fx’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. The broker’s comprehensive selection of tradable assets contributes to its appeal, making it a suitable choice for traders seeking to diversify their investment portfolios and take advantage of various market segments. A well-regulated market maker broker Lime Fx offers trading on over 1000 instruments, including over 57 Forex pairs.
The main purpose of this variable spreads is to eliminate the requirement for an insurance premium. As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads. So, by offering variable spreads to its customers, Lime Fx broker successfully avoids these issues.
It has some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app. It also has an excellent suite of trading tools and its customer service is responsive and well trained. Traders who prefer the Shariah account can also choose to open an Islamic account type as well. Hedging is allowed, and the minimum trade volume is 0.01 lots in MetaTrader 4 and 0.1 lots on MetaTrader 5 platform. The amount of open or pending positions that traders can open at a single time is up to 200 positions with up to 100 lots per ticket.
- To give their clients the best experiment in trading, Lime Fx has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
- They come in different contract sizes and offer different trading conditions, which you can adapt to your investment goals and trading strategies.
- You can observe both used and free margins, which will combine as the equity in your portfolio.
Lime Fx’s customerservice is available in multiple languages, so it can effectively help tradersaround the world and actively make it easier for them to connect and get assistancein the preferred language. As a client moves up theirloyalty levels, they earn more Lime Fx Points, which they can use to improve theirtrading experience. Lime Fx charges no additionalfees on deposits or withdrawals except where an amount of less than $200 ismoved by wire transfer. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
MetaTrader 5
The Lime Fx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.
I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you. MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. Lime Fx pioneered offering an MT4 platform with trading execution quality in mind.
You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at Lime Fx Group who will be happy to get you started and provide you with assistance. I don’t usually require assistance from the account manager as I have been trading for many years. However, it is a great option if you are new to trading and need some guidance along the way. Lime Fx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators.
To get this bonus, it’s very easy, namely, traders who deposit at least $ 5. Because the fee for trading on each Lime Fx account is also deducted from $ 5, so in my opinion this figure is quite reasonable and normal. Regarding limefx 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.
As a matter of fact, there is a weekly webinar suitable for novice traders. The webinars are held almost every day and traders can take part in it. The material revolves around fundamental and technical basics, trading indicators, how to determine entry and exit, weekly market analysis, and many others. In comparison, the Lime Fx Standard Ultra-Low account has a lower requirement, starting from 0.01 lots trading volume and a limit of 50 lots per ticket. All traders can have up to 200 positions pending or open positions at a single time.
Safeguarding Your Investment
Traders can use severaltools and features on these sites to improve their investment experience. Margin is calculated perinstrument, and leverage is based on which account leverage and symbol leveragehas the lowest number. And even though Lime Fx has a margin call strategy and astop-out level as a way to handle risk, tradersshould still be careful with debt and use risk management. 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. Strict regulatory bodies often come from Australia and Europe as well as from the United States. And the weakest regulator could come from a small country in the Pacific, from Central America or even from a small country in Africa.