When choosing a broker to trade with, one of the important factors to keep in mind is the safety and security of the broker. There are several things that can define the safety and security of the broker you choose to use. FXTM offers a tiered system that is also dependent on an order’s value, yet the leverage offered is fixed. When placing orders, Cent Account holders have increased control over their trade sizes and can choose between micro-lots (0.01), mini-lots (0.1) or standard lots (1). The spread table below shows Lime Fx’s Zero Account, FXTM’s MT4 ECN account, and FXTM’s MT5 ECN account compared to other top brokers. We believe that choosing the right broker is the key to success in online trading, and we are committed to helping you do that.

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Lime Fx also provides a diverse suite of market research and analysis tools to keep traders informed and ahead in the financial markets. Lime Fx traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. While many of the best brokers charge traders a commission fee for stock CFD trading, Lime Fx provides commission-free commodity and share trading. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options. The Lime Fx Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. The inactivity fee is just $15, and for every month that your account remains inactive after that, you will be charged an additional $5 per month.

Mobile Trading: Android, iOS, and Other Platforms

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. The leverage is pretty much the same, depending on the location as well as the amount traded. First, it is the limefx scam standard ultra, for which, 1 lot equals 100,000 units of the asset traded. The Micro account of Lime Fx can be a great choice for beginners to learn to trade in actual market conditions without having to risk too much.

Lime Fx is regarded as one of the most secure brokers as it takes measures to protect users’ funds and privacy. Lime Fx does not share the personal information and account information of users. Lime Fx Group is licensed by several regulatory bodies, is not publicly traded, and does not operate a bank. Overall, the broker is considered to be highly secure and trustworthy, and this has increased the number of traders on the platform. As discussed in this Lime Fx review forex and financial traders trust Lime Fx as it complies with many regulatory standards. When it limefx comes to education, Lime Fx does a great job of teaching both new and experienced traders several strategies and approaches to trading financial markets.

Forex Trading

Lime Fx offers USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, and RUB as base currencies for Micro and Standard Accounts. The online broker has no regulatory issues on record during its 15 years of business. Traders can use Expert Advisors (EAs) for market scanning and automated trade execution, with the ability to create EAs using MQL4 or download them from the MetaTrader Marketplace.

The Standard account offered by Lime Fx can be a perfect match for traders of all different interests. To put it simply, this account was created with different types of traders in mind. Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit.

1. Lime Fx Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 roundturn).
2. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
3. Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit.
4. The investor protection insurance schemes ensure that in the case that Lime Fx or FXTM become insolvent, traders can receive a certain amount of compensation to cover losses.

This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive. Lime Fx is well-regarded for offering competitive spreads to traders in the UK and Europe. While its no commission spreads aren’t the lowest, the platform options, market range, and client support position it as a huge player in the global forex market. Lime Fx provides both web-based and downloadable trading platforms to their clients. Once you download the platform, you can simply log in using your account credentials.

If you trade infrequently, another trading cost to consider is inactivity fees. If you do not make a trade for a specific length of time, Lime Fx and FXTM will charge your trading account a $5 inactivity fee. Lime Fx offers great customer service, which is currently available in over 20 languages. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Yes, based on your detected country of BG, you can open an account with this broker. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. Our broker reviews are reader supported and we may receive payment when you click on a partner site. The phone support is also great and you can access it in various languages. When it comes to choosing a broker, there are many factors to consider—and one of the most important is whether the broker is regulated by a reputable authority.

You will need to provide accurate information as these will be verified later using a government-issued ID. As such, an Lime Fx client sells one currency against another at a current market rate. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. This process is backed by rigorous testing and research, conducted by a team of traders and industry experts.

When researching financial markets, traders can use FXTM’s market outlooks, forex news, and an economic calendar to find trading opportunities. With a free forex education course, live webinars and a range of videos available online, Lime Fx offer excellent educational resources for beginners to advanced traders. Lime Fx and FXTM both offer the choice of either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The trading platforms are two of the most popular worldwide due to their algorithmic trading capabilities using Expert Advisors.

There is also a mobile application available for the trading platforms offered by the broker. This makes it very user-friendly and ensures that no matter where you go, you will always be able to keep in touch with the Forex trading market. Lime Fx offers social trading features, allowing traders to copy the strategies of experienced traders. Social trading is a great way for beginners to learn and benefit from the expertise of seasoned professionals. For those interested in diving deeper into social trading platforms, here’s a comprehensive guide on the best social trading platforms.