Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our Lime Fx trading Review. However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and confusing bonus terms that might not be easy to use. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder. Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features. Leverage at Lime Fx varies based on the regulatory jurisdiction of your account and the type of instrument you are trading.
What trading platforms does Lime Fx offer?
Customer support is one area where Lime Fx really will go the extra mile. Lime Fx claims to speak over 25 languages and customer support is available through all the usual channels. However, we are especially impressed by the human contact that is available and is an excellent service for novice traders. It is difficult to think of what they could do more to support their customers. For traders outside Europe and under the Lime Fx Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform.
Across is Standard and Micro accounts, Lime Fx looks to make money on the trading spread rather than charge commissions. Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade. To help facilitate the customer service that Lime Fx offers its clients from around the world, it claims to have support in over 30 languages. I mostly used MT5 since I like having more options but MT4 is great if you’re just trading forex. The mobile app was smooth too—no glitches and it had all the features I needed to trade while I was out.
- But no learning goes without practice, so it’s also crucial to practice a lot.
- The library can be casually browsed or filtered if you would like to find a specific stock originating from a certain country.
- Asktraders is a free website that is supported by our advertising partners.
- As you see below, you will be required to provide detailed information about yourself, which includes your first name, last name, phone number, location, email, etc.
Lime Fx’s Non-Trading Fees
For more experienced traders, the Zero accounts offer commission-based trading with lower spreads. I have been interested in this broker for a long time, because it turns out that this broker provides bonuses and promotions for new traders that can be accessed when registering. New traders can get a deposit bonus of up to 20% or equivalent to the exchange rate. To get this bonus, it’s very easy, namely, traders who deposit at least $ 5.
The platform is designed for informed traders who understand the risks of leveraged trading. It comprises an economic calendar, a news screener, daily market breakdowns and limefx broker reviews trading ideas, a podcast, and regular webinars. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
The platforms available at Lime Fx provide stop losses, take profit, limit orders, and trailing stops. There are also basic trading indicators like the Stochastic Oscillator along with other tools to facilitate both technical and fundamental analysis. The primary sources of income for Lime Fx are spreads and trading commissions. The spreads at Lime Fx, which include a mark-up, start from as low as 0.6 pips. Lime Fx generates revenue through spreads, trading commissions, overnight fees, dividend withholding fees, inactivity fees and B-Book execution policies.
Deposit Options at Lime Fx
The website is jam-packed with content to give traders the most assistance they could ask for on their journey. This is prompt and fairly standard across the industry but still a good response. It is up to the individual trader to decide how comfortable they are trading with a dealing desk broker. The number of commodities is underwhelming, with just a total of 15.
They can always set and place their trades during their respective trading hours. For the deposit, Lime Fx applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
Now, Lime Fx’s https://limefx.biz/ Ultra Low account is the perfect replacement, with very low spread on majors & minors. You can only claim Lime Fx’s welcome bonus if you choose this account, but on negative side, you cannot claim any other bonus like Loyalty Rewards. Read our below in-depth breakdown of all the pros & cons of Lime Fx broker, plus the user reviews.
#4 Lime Fx (Hot Forex)
Lime Fx offers a strong range of over 1,000 instruments, particularly in forex, stocks, and indices, which are key markets for active traders. Skrill and Neteller e-wallets offer nearly instantaneous deposits and withdrawals for even faster options. Lime Fx also provides region-specific local payment methods, such as PayTrust88, that depend on your location. Lime Fx also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. For EUR/USD, the real (not marketing) spread for me its almost always 1 pip, on the dot, for my account type. For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto.
In fact, the deposit and withdrawal options are listed side by side on the website and a trader needs only click on «make a deposit» or «request a withdrawal». Please note that withdrawals via bank wire of amounts under $200 are subject to a $15 administration fee. Fund withdrawals via eWallets are generally credited to your account the same day.
- To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted.
- When it comes to trust and security, Lime Fx has taken significant steps to establish itself as a regulated and secure broker.
- Everything that I needed, starting from at last quick payments to additional things that I appreciated, contests and copy trading were my favorites.
- To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders.
- Besides, Lime Fx is one of the Brokers that operates more than a decade and is quite well-established and known for transparency brand in trading environment.
The broker does not provide any lower-risk securities, such as ETFs or cryptocurrencies. Lime Fx Group charges an inactivity fee and has an average spread of 1.6 for the EUR/USD pair, which is higher than the industry average. However, with no minimum deposit required and solid ratings for commissions and fees, it remains an average choice for investors.
In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty. I wonder if it is the same for everyone… once I started trading here, I was actually excited to tell people about the broker. Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account. Yet while Lime Fx provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders.
These fees can vary depending on the instrument and market conditions. Overall, Lime Fx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. The Lime Fx Micro account is tailored for traders who prefer to trade with smaller lot sizing.
Lime Fx complies with global regulatory laws, and safeguards its clients’ funds by keeping them in separate bank accounts. For day traders seeking even lower spreads, the Lime Fx Zero account provides spreads starting from 0.0 pips with a small commission per trade. It includes Depth of Market (DOM) features and a built-in economic calendar. The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly. This broker as really nice educational materials which has helped me tremendously and also great analytical tools which range from technical and fundamental.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Lime Fx Global offers a generous selection of over 1,000+ CFD instruments for you to trade. You can get your trades executed at the best available prices with no rejection of orders or re-quotes.
Lime Fx has moderate overall fees of all best South African forex brokers that we have compared. Their spread with their Micro & Standard accounts is quite high, but it is moderate with the Zero account. The good thing that we like is Lime Fx’s zero fees on deposits & withdrawals, while some other brokers charge high fees during funding & withdrawals.