It offers robust coverage of 75,000+ instruments to help investors broaden their trading strategies and diversify their portfolios. The patented pattern recognition technology conducts technical and fundamental analysis to help optimise trading strategies with easy alerts, back testing and customisable filters. I think this is an excellent market analysis software that could easily cost thousands as a standalone product. Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank Lime Fx down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. Our review shows Lime Fx scores less favorably when it comes to withdrawals.
TRADING STOCKS IN THE BULLISH BEARS COMMUNITY
Unlike some brokers,Lime Fx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. I like that Lime Fx offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy. The choice of trading services is also excellent, offering clients four competitive methods for portfolio management.
It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit. My review did not uncover misconduct, scam, or fraud, and I confidently rate Lime Fx as a legit and safe Forex broker.
- Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
- Lime Fx also features in-house managed investment portfolios, available from a $250 minimum investment and a minimum investment period between three to twelve months.
- Lime Fx supports multiple funding methods including bank wires (24-hour processing, $15-30 bank fees), ACH transfers (3-5 days, no fees), and e-wallets like PayPal and Skrill (instant).
- The broker offers regular market insights and analysis to help traders stay up-to-date with market conditions.
Free Trading Courses
Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, https://limefx.club/ PayPal, Klarna, FasaPay and other digital wallets. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.
This diverse range of instruments makes it possible for traders to diversify their portfolios and explore various trading opportunities. Lime Fx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken.
Steering Through The Financial Waters with Expertise
Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips. These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker.
- Still, it adds that it does not accept clients from countries or “territories where such distribution would be contrary to local law or regulation.”
- No account maintenance fees apply, though inactive accounts may incur charges.
- ROX empowers traders by providing lightning fast access to many sources of liquidity.
- Overall, I feel that Lime Fx are a really good broker with a vast range of trading products and services that can meet the demands of all traders.
- Our evaluation of Lime Fx shows there are limited trading promotions for retail traders.
There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. Lime Fx offers both investment and market speculation opportunities to its clients.
STOCK TRAINING DONE RIGHT
Finding the correct broker and subscribing to the right education program took me a long time. Lime Fx provides a demo for each of the platforms to help you choose. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs.
For more advanced traders who require tighter spreads and faster execution speeds, the ECN Account is ideal. ECN accounts are designed to give traders direct access to the interbank market, which leads to improved trade execution and lower slippage. limefx website This account type is well-suited for traders who prefer scalping or high-frequency trading. The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots. Geographic restrictions apply, and the deposit and withdrawal screen will only list the ones available to traders. Traders should consider potential currency conversion fees and third-party payment processor costs.
Trading Hours
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Payment methods
Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal.
Our watch lists and alert signals are great for your trading education and learning experience. Lime Fx is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission. However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform. Doing so will help you know how the fees work and how to apply them.
