Compared to rival brokers, Lime Fx charges inactivity fees very quickly, however not as expensive as other brokers. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded. This commission is paid both at both ends of the trade, when you open and when you close the position. Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan.
Trading fees and other costs
It provides traders with a platform to trade a variety of financial instruments. It offers all the features of the Standard Account, including negative balance protection, hedging capability, and a minimum deposit requirement of just $5. Lime Fx Global also offers Lime Fx TV, which provides traders with access to live market analysis, news, and educational content. Traders can use Lime Fx TV to stay up-to-date on the latest market trends and make informed trading decisions.
- Lime Fx clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC.
- The layout is straightforward, making it easy for beginners and experienced traders to find their way around.
- Whether you need to calculate pip values, margins, profits, or overnight interest rates, Lime Fx Global has a tool to help you.
- However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours.
- Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize.
Micro Account
In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount. Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds. For traders outside Europe and under the Lime Fx Global entity, there are bonuses available.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of UA, you can open an account with this broker. Increase your trading power with every deposit and make every trade count – T&Cs apply.
Superior Execution.
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. While details remain under wraps, traders have a lot to look forward to in 2025, including major upgrades on products, exciting global promotions, exclusive events, and many more surprises. The company has also hinted at the launch of a next-generation AI-powered trading tool—the first of its kind in the industry—designed to improve market analysis and decision-making. In conclusion, Lime Fx Global’s forex calculators are invaluable tools for traders who want to make accurate and informed decisions in the forex market.
If you are a retail trader, looking for a broker that focuses on stocks and forex, then Lime Fx should certainly be worth your consideration. With great customer support, excellent research and education content and negative balance protection, Lime Fx is certainly great limefx company reviews for beginner traders. Lime Fx Global provides a comprehensive overview of the markets, including forex, stocks, commodities, and indices. Traders can use this information to stay informed about market trends and identify potential trading opportunities. Lime Fx Global provides platform tutorials to help traders get familiar with the trading platform.
These videos are created by industry experts and cover everything from basic trading concepts to advanced strategies. Lime Fx is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders.
It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. The program is designed to benefit active traders based on their trading volume. Lime Fx stands out for its transparent and competitive fee structure, catering to traders of all experience levels. The broker’s pricing model offers clarity and predictability, allowing both beginners and seasoned professionals to manage their trading costs effectively.
Web Trading Apps
The history of growth and stability over the 11 years of trading gives us confidence in Lime Fx. Although it is not a public company or has a bank attached, we believe they have a strong track record. Looking also at the number of base currencies available, there are 11 to choose from.
- Furthermore, the Shares account (only available to Lime Fx Global) needs a minimum deposit of $10,000.
- In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews.
- 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.
- Support is available 24/5 via live chat, email, phone, and messaging apps like WhatsApp and Telegram, with limited availability on weekends for added convenience.
This model allows Lime Fx to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades. However, Lime Fx is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders. The Lime Fx Loyalty Program rewards traders with points (Lime FxP) for each trade they make.
Explore the global currency markets with uninterrupted trading opportunities. When comparing Lime Fx with Pepperstone, both brokers are recognized for their competitive pricing and strong trading infrastructures. Check our comparison tables to explore how these brokers stack up against each other in terms of spreads, quotes, and trading volume. Lime Fx does not charge fees for most withdrawal transactions, though external service providers may apply their charges. Withdrawals at Lime Fx are handled efficiently, with requests processed through the Members Area. Verified traders can initiate withdrawals by selecting their preferred withdrawal method and specifying the amount.
Lime Fx Currency ConverterThe Lime Fx Currency Converter is a straightforward tool that allows traders to quickly and easily convert one currency into another. The calculator is powered by real-time rates and is updated continuously, ensuring that traders always have access to the most current exchange rates. Lime Fx Global provides traders with trade ideas based on technical and fundamental analysis. Traders can use these trade ideas to make informed trading decisions and potentially increase their profits. These webinars are conducted by market experts and cover a https://limefx.vip/ range of topics, including technical analysis, fundamental analysis, and market sentiment. Traders can attend these webinars for free and learn from the best in the industry.
Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform. Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners. Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4. Beginner traders who have done even minimal shopping around for brokers will by now have realised that the MT4 platform is available everywhere. Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. Professional traders looking for advanced analytical tools including fundamentals will find themselves disappointed with the offering.