This is accomplished by always keeping watch and adapt to the latest technologies and industry trends. Lime Fx will never compromise any factor that https://limefx.name/ might affect client performance, and this helps them deliver tight spreads and best execution. To protect customers’ funds, Lime Fx also features a stop-out level mechanism. The stop-out level is set so that when the equity level reaches a certain point, it will automatically close the clients’ floating positions. All retail clients with Lime Fx Ultra-Low Accounts, Micro Accounts, or Standard Accounts have a stop-out level of 20%. That said, Lime Fx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
Inactivity charges are low on the monthly rate but kick in after only a short time. This account offers you the opportunity to directly invest in some of the leading stocks around the world. However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD.
Is Lime Fx Group a safe forex broker?
It should not take more than a day to verify your account and get started with your trading activities. 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. As for the contract sizes, there are two options available for traders. First, it is the standard ultra, for which, 1 lot equals 100,000 units of the asset traded. Below, we will talk a bit more about the account types offered by Lime Fx and discuss them one by one.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Lime Fx Group supports funding through bank wires, Neteller, credit cards, and Skrill. They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).
- We believe that Lime Fx scores poorly on the length of the dormant period allowed, but scores well on cost.
- To protect the client’s fund in the event of extreme volatility, Lime Fx presents each account type with Negative Balance Protection.
- Lime Fx Broker provides 24-hour phone, email, or online chat customer service from Monday to Friday in 30 different languages.
- Lime Fx is founded in 2009 as an online broker and trading platform service that offers a wide ion of accounts with a low minimum deposit, designed to attract every trader across the globe.
What is Leverage Trading? With Regulations and Process
- While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders.
- Yes, Lime Fx is a good broker for many types of traders thanks to its flexibility and range of features.
- Lime Fx does not charge for processing withdrawals, but your bank or payment processor could levy a fee.
- The minimum deposit for this Lime Fx account type is $5, and grants access to MT4, MT5, and Lime Fx Webtrader platforms.
The Lime Fx management team has spread to 120 cities around the world, aiming to get a better understanding of their clients and partners. Lime Fx also places high value to connect clients as humanly as possible. To deliver such interactions, Lime Fx Broker frequently hosts seminars around the world. They have already hosted hundreds of workshops which is intended to give clients the necessary skills and knowledge to make improved trading decisions. 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.
Futures Fees
Our overall experience trading on Lime Fx has been positive, with consistently fast execution on trades. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals. Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades. Certain account types may limit which base currencies can be selected. Lime Fx does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals.
MetaTrader 5
The Standard account offered by Lime Fx can be a perfect match for traders of all different interests. To limefx broker reviews put it simply, this account was created with different types of traders in mind. Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit.
Lime Fx Global Limited has many years of experience in the financial industry, providing traders with a great range of trading products and services at very low prices. The broker has a super-fast account opening process that is can be completed online in minutes. They do not charge extra fees on transactions and have very low trading fees. They require a small $5 minimum deposit for opening an account and also provide free demo accounts. However, the broker doesn’t disclose its financial statements and is currently not a traded company on any exchange. They also charge inactivity fees and cannot accept clients from some countries, including the USA.
All deposits via credit/card and e-payment options clear into your account instantly. Traders who are new to the game and are cautiously just finding their feet may prefer the option of the Micro Account. This account is great if you are worried about blowing up your trading account by making silly mistakes on the platform such as using the wrong trade size. Once traders gain experience of the whole trading experience they can migrate to the Standard account for larger contract sizes. Established in 2009, Lime Fx has managed to become one of the leading Forex brokers in the world in just a decade.
In this account type, stocks are not traded only as CFD, but also as real, which make this account better for long term investing. The Lime Fx Shares account is tailored to those traders who want to invest in the stock market. With this account type you will be able to trade with nano lots, however it’s not available ASIC, DFSA, FSC. The availability of one or the other account base currency may depend on the trader’s location. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
Casual Trading: Acceptable Choice
Furthermore, Lime Fx’s 360-degree research content affords the broker’s clients a broad overview of market developments. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.
The commodity offering is at least in line with the industry standard with 15 different commodities to trade. The offering of some of the soft/ agricultural commodities, such as Coffee or Corn is more than what it seen for the industry norm. The usual Gold, Silver, Oil, Gas and Copper are all available to trade.
Courses, life education sections, insights, analysis – lotta interesting stuff that, I bet, play into the hands of mine and help me to understand trading better. But no learning goes without practice, so it’s also crucial to practice a lot. They have a nice demo which I use, sum of virtual money that I was given is enough to create a strategy, trade for a while and so on.