We are aware of some negative reviews regarding spread widening and larger-than-expected slippage. Additionally, internet issues in regions with intermittent or subpar coverage can also contribute to these challenges. Given Lime Fx’s broad global presence, traders should be mindful of these potential risks. Lime Fx follows a strict withdrawal policy that requires clients to withdraw funds using the same methods as their initial deposit.
I expected Lime Fx to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size. Unlike ActivTrades, which provides professional accounts with benefits like higher leverage, reduced stop-out levels, and dedicated account managers, Lime Fx caters primarily to a broader range of traders. There are about 1.5 Million Traders and investors at Lime Fx that select broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders.
As for the micro ultra, the lot equals 1,000 units of the asset traded. The leverage is pretty much the same, depending on the location as well as the amount traded. Spreads are very low with this account, which makes it truly special. Indices offered by Lime Fx give you the opportunity to have cost-effective and direct access to global markets. This includes the largest and best-known indices around the world, representing industries of countries like the US.
Before you trade, AskTraders.
- Their typical fees for trading CFDs on major indices is moderate compared to other CFD brokers.
- For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded.
- Lime Fx is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus.
The amount of quality educational content provided by Lime Fx Group bestows it a high rating for education and beginners. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance.
Lime Fx Main Features
Once you know which account you want to create, simply click « Open An Account » on the right side of the broker’s website. 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. The first step that you will have to take is to sit back and think about which account you want to create. For this, you will first have to understand what your interests are in the Forex trading market and choose the account that fits these interests best. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.
It is also beneficial to beginners as they are often recommended to start trading in small sizes – this can help to build a degree of risk management. The MetaTrader MT4 platform is the most popular retail trading platform in the world. Millions of traders are drawn to the trading edge offered by being able to apply powerful software tools to their strategies. The competitive pricing is also backed up by clients being offered a free VPS and the behind the scenes infrastructure ensures the execution is fast and reliable.
They can keep it in-house (and therefore effectively take the other side of the trade to the client), or they can push the risk out limefx broker reviews to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as Lime Fx would take on. There is no way of knowing how often, if at all, Lime Fx trades against its clients. The website suggests that Lime Fx offers 1377 instruments, but the vast majority of these are stock CFDs. On the plus side, we think they have an excellent selection of stocks CFDs, in addition to a decent selection of forex pairs.
Trading Fees
The app lets traders run orders, track positions, and access real-time market data on the go, therefore preserving all vital aspects of the desktop platforms. Advanced charting tools, technical indicators, and customized notifications keep users informed about changes in the market. MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. So, the same as we do, you will enjoy its look and functions offered.
How to choose the right Forex broker for your trading needs?
This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. And they don’t have a local phone number in South Africa for getting local support.
The link to opening an account with Lime Fx is found on the broker’s homepage. By clicking on ‘Open an Account’, the user is taken to an area of the site where they can set up either a live account or a demo account. It did used to offer markets in Bitcoin but has positioned itself as more of an expert service for trading in other markets. There are a handful of tools and indicators which do not transfer over to the smaller screen but those that do ensure the mobile package is still of the highest quality.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- Lime Fx does not provide ETFs or options; hence some investors may have less opportunities if prefered.
- There are raw spread accounts (Lime Fx Zero Account), accounts with low spread mark-ups (Lime Fx Ultra low), accounts with very low lot sizing (Lime Fx Micro), and more.
Fractional pip pricing allows the broker to implement the best prices available from liquidity providers. This allows traders to get tighter spreads and more accurate quotes. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Lime Fx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
Lime Fx withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. Lime Fx applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the Lime Fx company got all the transfer fees covered including e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions. The funds transaction at Lime Fx are managed in a customer-oriented way, traders having a choice of multiple payment methods supported in all countries. Users of both Android and iOS devices can enjoy flawless trading with the Lime Fx MobileTrader app.
21 different timescales on MT5 afford scalpers an overview of short-term trading opportunities. The platform also features one-click trading for swift market entries. Finally, Lime Fx’s VPS offering affords average execution speeds of under 3 milliseconds. Compared to the industry benchmark, Lime Fx’s swap charges are low to average and suitable for longer-term trading.
Research and Educational Materials
Clients can access all the services necessary to support their trading. Lime Fx Group offers a range of trading platforms to suit different preferences and trading styles. Lime Fx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. Being a CFD broker, Lime Fx also earns from overnight fees charged on positions that are held open overnight. Furthermore, Lime Fx profits from clients’ losing trades when it operates as a B-book broker, essentially taking the opposite side of the trade. The Lime Fx ultra low account is an account type that features spread mark-up starting from 0,6 pips (40% cheaper than the industry standard of 1 pip).
As a result, the broker client’s funds are stored in segregated accounts at top-tier international institutions like Barclays Bank. Lime Fx also has an educational blog that keeps you updated with the global financial markets. Lime Fx is considered a moderate to high risk broker for traders in South Africa because of the fact that they are not locally regulated.
Lime Fx offers a special account for beginners to practice more and gain higher experience and expertise in the market. Lime Fx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s Lime Fx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. Lime Fx Global has a huge advantage over its competitors in this regard. The broker does not charge any deposit or withdrawal fees except the deposits made via bank transfers of less than $200. The broker does not allow cryptocurrencies to be used as a payment option, but Axi do if that is something you are looking for in a broker.
Once you are done with the first step of registration, you will have to provide a bit more detailed information about yourself. The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on. This account https://limefx.club/ is a perfect fit for those who follow strict sharia law and they pay a fixed fee instead of swaps. This type of fee is not an interest payment and fully depends on the direction of your order. Because of the way it works, it is also sometimes referred to as a swap-free account.