Lime Fx Broker Review Forex & Stock Trading at Lime Fx

The spreads on major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader. Traders can have access to all of these available assets with any account. However, keep in mind that shares can only be traded with the special Shares account.

Discover Your Next Trade

This is the final main account that you can open with Lime Fx and is a zero spread account. Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low). For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models).

• When using copy trading, you are essentially placing trust in your strategy provider.
• Everyone who chooses Lime Fx has the same opportunity to pursue their investment goals.
• However, keep in mind that shares can only be traded with the special Shares account.
• This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee.
• There is a minimum required deposit of $100 for the Lime Fx Zero account type.

Best FX Customer Service.

With Lime Fx, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant. We consider six months or sooner to be bad, whilst 18 months and above is generous. In other words, opening a trade with the Micro account, a 1 Lot position on EUR/USD gives you exposure to $0.1 per pip (or 10 cents per pip) movement. Lime Fx provides access to proprietary indicators by directly contacting an Account Manager. What we advertise is what we give our clients, regardless of the size of their investment. This includes soft and hard commodities such as cocoa, coffee, copper, limefx forex brokers reviews and many others.

Withdrawal and Deposit Methods

Lime Fx is an FX brokerage that was founded by Trading Point Holdings in 2009. The broker is globally available and allows traders to buy and sell various financial assets including forex, crypto, metals, and CFDs. Lime Fx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). Its users have access to both MT4 and MT5 platforms in addition to low trading and withdrawal fees.

Lime Fx Broker Review

• By linking their accounts to a strategy provider’s account, traders can replicate every trade made by the provider, with the same trade size and entry/exit points.
• Lime Fx charges little to no fees on the processing of most transactions.
• It is difficult to think of what they could do more to support their customers.
• Lime Fx  provides competitive fees, spreads, and commission structures across its account types, offering flexible conditions for traders.
• They comply with strict data protection regulations to safeguard your privacy.
• On both a minimum and average spread basis, Lime Fx comes up second best.

Looking at the Lime Fx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average limefx reviews spread for this currency pair is 1.7 pips. Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. Yes, Lime Fx is regulated by the Financial Services Commission, ASIC, and CySEC. Lime Fx is regulated by tier-one financial regulatory agencies, which ensure that it adheres to best practices when dealing with clients.

There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. Reduce your costs with low spreads and even lower swap fees and commissions. Once you have provided your personal information, you will be required to choose a trading platform. As with most regulated platforms, Lime Fx broker requires your personal information and details while setting up an account.

What commodities and indices can I trade on Lime Fx?

This account 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. This means that rather than buying the commodities directly, the clients of Lime Fx simply speculate on the possible price movements of these assets. Commodities can play a huge role when it comes to portfolio diversification.

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. Inactivity fees are another of the important non-trading fees that you can incur.

Once you are done with the market analysis, you can continue by opening and closing positions according to your views of the possible market direction. 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. The crypto market can be accessed 24 hours a day, 7 days a week. Among the crypto assets that can be traded on Lime Fx are BTC, BCH, ETH, LTC, and XRP.