Lime Fx Review: Is Lime Fx A Good Broker For You?

With great customer support, excellent research and education content and negative balance protection, Lime Fx is certainly great for beginner traders. This Lime Fx account type is a great option for traders who wish to limit the costs of Forex trading. Unlike other accounts, where the base currency options are 9, for the holders of Lime Fxs Ultra-low accounts, there are only six base currency options.

Lime Fx Deposit and Withdrawal

Furthermore, Lime Fx provides an Investor Compensation Fund (ICF), which offers compensation of up to €20,000. This fund acts like an insurance for traders, offering protection in the event of Lime Fx’s bankruptcy or in disputes between the trader and Lime Fx. Lime Fx is a well-rounded broker suitable for traders of varying experience limefx courses scam levels.

A Transparent Fee Structure

Lime Fx forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs. Traders can use the MT4 or MT5 platform to buy and sell CFDs with high leverage, and this makes the platform suitable for both new and experienced traders. Lime Fx offers over 1000 trading instruments as well as 24/7 trading on crypto and CFDs.

Lime Fx provides access to over 1,400financial instruments, including forex, commodities, indices, shares, metals,energies, and cryptocurrencies. Traders can diversify their portfolios acrossvarious markets and asset classes. Lime Fx offers access to a wide range offinancial instruments, allowing traders to diversify their portfolios and takeadvantage of opportunities across global markets.

What are the Lime Fx account base currencies?

Traders are even provided with a Cent Trading environment should they choose to register under Micro Account. Lime Fx provides variable spreads that startas low as 0.6 pips on major currency pairs for most accounts. For traders usingthe Lime Fx Zero Account, spreads can drop limefx forex brokers reviews to 0 pips, with a small commissioncharged per trade.

• The answers to the questions provided can impact whether you will be able to create an account or not.
• All investments are insured by the Investor Compensation Fund, which implies reimbursement of up to 20,000 euros.
• As we have highlighted above, the offering of products to trade with Lime Fx is somewhat mixed.
• CFD costs we found average and platforms are very friendly to all types of traders.
• The contract size is 1 share, and there is no leverage available for share account holders.
• So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account.

Trading fees and other costs

• Lime Fx also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets.
• This could be better if Lime Fx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000.
• DayTrading.com may receive compensation from the brands or services mentioned on this website.
• This fee will be automatically deducted from their MT4/MT5 accounts on the first day of each month.
• Lime Fx offers clients several mobile and desktop versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
• This includes tier-1 regulatory bodies such as the FCA of the UK and ASIC of Australia.

Client accounts are segregated, meaning client funds do not participate in operational transactions and are kept separate from the broker’s money. All investments are insured by the Investor Compensation Fund, which implies reimbursement of up to 20,000 euros. In addition, the broker protects negative balance, ensuring that traders cannot spend more than they have invested. Lime Fx offers great customer service, which is currently available in over 20 languages. Lime Fx has a great mobile trading platform, which is offered on MT4 and MT5.

This fee encourages active trading and helps cover administrative expenses. Lime Fx provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. 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. Lime Fx is for traders who are interested in trading Forex and CFDs with superior trade execution speeds, tight spreads and low commission fees.

However, it should be noted that cryptocurrencies are not included in the list of available methods, which may limit options for some traders. Lime Fx charges an inactivity fee if an account remains inactive for twelve months. In this case, a one-time account maintenance fee of 15 USD (or the equivalent in another currency) is charged, followed by a monthly fee of 5 USD for each month of inactivity. The broker reserves the right to change the inactivity period at its discretion, making it essential to regularly monitor the account status.

Furthermore, the broker uses SSL encryption tosafeguard personal and financial data, ensuring a secure trading environmentfor all clients. These include Visa/MasterCard, wire transfer and eWallets such as Neteller and Skrill. WhilE Lime Fxdoes not charge a fee to fund your trading account, your bank or the payment processor could levy a fee. It would be advisable to check the fund transfer charges with them before funding your account. With over 1,200 markets on offer, Lime Fx provides a comprehensive service. It’s possible to get exposure to the far corners of the global financial markets.

Since there is specifically designed account for Shares trading with tailored solution, yet the deposit needed is rather very high also at other Broker bigger range of Shares might be available. The account requires a minimum deposit of $10,000 and doesnot include the Micro account option or participation in the Bonus scheme. When it comes to trading platforms, as with many brokers Lime Fx provides traders with access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Although Lime Fx does not have its own platform, the option to use the full MetaTrader suite across desktop, as a browser-based platform, plus with Android & iOS apps is a plus.