Lime Fx Review in 2024 Spreads & Fees Compared

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Lime Fx Review in 2024 Spreads & Fees Compared

broker forex Lime Fx

Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). For Ultra Low and Zero Accounts, a more limited selection of base currencies are available as shown below. Among the indices available on Lime Fx are AUS200Cash, SWI20Cash, US500Cash, and many others. Read our full explanation and accounting of our research and testing process to learn more about how we test.

  1. All Lime Fx clients are allocated a personal account manager who is available to assist you with any account or trading question you may have.
  2. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen.
  3. During the registration process, one of the questions is which trading platform you want to use.
  4. This includes tier-1 regulatory bodies such as the FCA of the UK and ASIC of Australia.

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. One of the policies that Lime Fx follows is negative balance protection, which is specifically important for those who use leverage when trading.

Mobile Trading: Android, iOS, and Other Platforms

Especially those who do not want to download additional applications to their computers. The Standard account is pretty much a great choice for traders of all interests. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs. This type of account is very popular in the Forex trading market and is widely used by both beginner and experienced traders. Apart from this, Lime Fx also keeps the funds of its clients in separate bank accounts. This means that no matter what goes wrong, traders will be able to access their funds.

What is the Minimum Deposit at Lime Fx?

Established in 2009, Lime Fx has managed to become one of the leading Forex brokers in the world in just a decade. The broker offers traders safe, secure, and diverse trading opportunities that can fit the interests of traders with different levels of expertise and knowledge of the market. The broker offers everything from simple Forex guides to different types of educational courses and videos that provide beginners with very detailed information about the market. The broker has adopted modern technology to ensure that the clients are able to start trading in a short time after registration.

Lime Fx does this to protect clients from highly volatile market conditions, such as news releases. Lime Fx broker is regulated by three financial authorities and strives to keep its platform secure for users around the world. The platform takes several measures to protect users and their accounts. There are several account types available and you can choose whichever suits you during the signup process.

broker forex Lime Fx

Trading Platforms

Lime Fx’s mobile trading apps, available for both MetaTrader 4 and MetaTrader 5, offer full functionality, mirroring the capabilities of the desktop and WebTrader platforms. Whilst a decent choice for new traders we think advanced traders may find Lime Fx lacking advanced trading tools and wish a RAW-style account was available. Lime Fx is regulated ASIC in Australia, CySEC in Cyprus and IFSC in Belize so if you are in the UK, you might be better off considering a different broker. Yes, Lime Fx is a truly great Forex broker with years of experience in the financial markets.

What we advertise is what we give our clients, regardless of the size of their investment. We have clients from over 190 countries and staff speaking over 30 languages. Our management has limefx reviews visited over 120 cities globally to understand clients’ and partners’ needs.

Even if the broker goes bankrupt, you won’t have to worry about the balance you had with the broker disappearing overnight. However, in addition to increasing the prospective profits made during Forex trading, high leverage can also increase the possible losses. To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted.

Its users have access to both MT4 and MT5 platforms in addition to low trading and withdrawal fees. Once you have downloaded the trading platform and you have deposited funds, it is time for you to start the market analysis. Lime Fx offers some of the best trading platforms available in the market, all of which allow you to do a very extensive and detailed market analysis. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. While FXTM offers cryptocurrencies, traders based in the UK and trading with the broker’s FCA-regulated subsidiary will not be able to access cryptos.

Similar apps

When creating a demo account, the broker will provide you with a certain amount of virtual cash, which can be used for trading. You can use this virtual cash for as long as you want to and if you run out of virtual money, you can always contact the customer support limefx of Lime Fx and ask them to provide more. Lime Fx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s Lime Fx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs. This makes it versatile as it permits traders to use various styles of trading to maximize their gains. Clients also get access to trading ideas and analysis to help them better understand financial markets. Designed to facilitate forex trading for retail investor accounts, MT4 offers a range of trading tools to help users conduct analysis and develop strategies.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

One of the biggest advantages of Lime Fx is that it has a highly skilled and professional team of customer support agents. These specialists are always able to provide traders with accurate and timely information about the questions they might face. Here, you can find the most popular trading platforms such as MetaTrader 4 and MetaTrader 5, or go with the custom-made trading platform of Lime Fx.

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