This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. The broker’s intuitive and easy-to-navigate website provides all the information you’ll need to open an account and begin trading in several markets. You can also open a demo account to test the broker’s services and platforms before committing any funds.
Is Lime Fx A Good Or Bad Forex Broker?
They cover various topics such as technical analysis, fundamental analysis, risk management, trading strategies, and more. The simulator also offers features like customizable trade sizes, various order types, and real-time charting tools to enhance the trading experience. This also comes after the broker reduced its spreads by up to 54% on selected forex, stocks and other CFDs in 2022. The result is that Lime Fx is now a great option for traders seeking tight spreads in a commission-free trading account. We have evaluated more than 400 forex brokers and Lime Fx scores well when it comes to trading fees. Lime Fx’s Standard account is commission-free, with costs embedded in the spreads.
What is the minimum deposit required to start trading with Lime Fx?
When traders hold positions overnight, the charges implemented depend on the position size, financial instrument traded, and current interest rate difference between currencies involved. Yes, they provide a web-based version of the Trading Station platform, allowing convenient access without program installation. This broker’s integration with TradingView Pro enables users to access these powerful functionalities while seamlessly managing trades from within the interface. Traders strongly prefer TradingView Pro due to its advanced charting capabilities and social networking features. The broker uses modern encryption methods, including SSL encryption, to safeguard personal information and financial transactions from illegal access.
Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates FOREX.com, so U.S.-based traders might consider using that broker instead. We sincerely apologize for any inconvenience you have experienced with our customer support and we are sorry to see that our services have not met your expectations. Your satisfaction is our top priority, and we are committed to improving your experience.To address your concerns more effectively, we would like to contact you directly. Please reach out to us to let us know a convenient time for you to receive a call from you account manager.
The following table summarizes the different investment products available to Lime Fx clients. ForexBrokersOnline.com aims to limefx reviews provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
The broker’s commodity list includes gold and silver as well as energies and a few soft commodities, while the Euro-Bund Futures Index is also available to trade. Moreover, I rate the forex baskets on offer, covering the US Dollar and Japanese Yen. If you prefer to place orders by phone, Lime Fx offers a trading desk line that can be handy should you experience an interruption in your internet connection.
- The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
- We found that Lime Fx has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms.
- It is also not as widely available compared to MT4 which is something to consider if you plan on switching brokers down the line.
- Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days.
Their global reach and regulation provide a high level of safety and security for traders. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. It means a lot to know that our platform meets your trading needs and that you are satisfied with the provided support!
Lime Fx User Experience
Countries range from South Korea, United Arab Emirates to Venezuela. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Other account types available include an Interest-free account, which are limefx forex broker Swap Free Islamic Accounts designed for those who can’t pay swaps. Lime Fx is a global forex provider trading with various Lime Fx entities in the UK, Europe, Australia and South Africa.
Platforms & Apps
Our experts are comfortable that the brokerage is not operating a scam. The market summaries provide concise overviews of recent market movements, key price levels, and notable news that may impact the markets. When testing the in-house platform, I was struck by its ease of use and intuitive design. Both analysis and trades can take place directly from the chart with a few clicks, and the handy sidebar makes it very easy to cycle through tradeable assets.
When trading, you will still need to meet initial margin requirements to open trading positions. When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads. We are sorry to hear about the inconvenience you’ve encountered with our customer support and that our services did not meet your expectations. Your satisfaction is our highest priority, and we are dedicated to enhancing your experience. To better address your concerns, we would like to connect with you directly. Please let us know a convenient time for your account manager to contact you.
Alternative Brokers
Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. However, withdrawals, particularly via bank wire, may incur costs depending on the method and area. ✅Enter the amount you want to deposit and your card’s data, including the number, expiration date, and CVV code. ✅The bank account information required for the wire transfer will be sent to you by the broker; note this information. The specific broker levies a $50 yearly inactivity fee to customers who have not traded in the previous 12 months.
This means traders will not have to pay extra when they want to add funds to their accounts. Additionally, the broker actively aids traders by decreasing their expenses through lower trading costs made possible by narrow spreads. These tight spreads prove especially advantageous for traders who engage in daily trading or scalping strategies that rely on small price variations for profits. The broker provides many trading platforms, including the proprietary Trading Station, MetaTrader 4, TradingView Pro, and ZuluTrade.