72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.
Trade from your smartphone with the Lime Fx app
Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates. Lime Fx’ account opening procedure may be completed in a few business days, subject to document verification. Yes, identification verification is necessary throughout the Lime Fx account opening procedure. ✅Confirm your email address by clicking the verification link delivered to your inbox.
Furthermore, it grants access to several features of professional ECN accounts. Lime Fx’ emphasis on innovation and a commitment to providing exceptional trading experiences has helped it maintain its position as a top option for CFD and FX traders throughout the globe. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.
Lime Fx App
If the profit on the demo account is more than the amount that you are ready to deposit into your real trading account, you can discuss the bonus amount individually. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. To open a demo-account, click on “Free Demo” on upper left side of the main page, and fill out a short registration form. After that, you will receive a username and a password to log into the trading platform. If you already have access to personal area, go to “Trading” section and select “Open demo-account”. ✅ Lime Fx’ website has a thorough FAQ section that answers frequent questions about account administration, deposit and withdrawal methods, trading conditions, and platform use.
Overnight Fees
For busy traders who require a constant connection and portfolio management capabilities, the Lime Fx app is a practical tool that proves highly useful. Lime Fx offers an Islamic Account designed specifically for Muslim traders that follow the principles of Sharia law. Furthermore, Lime Fx is a recognized member of The Financial Commission which ensures broker openness and integrity to offer trade claim coverage via compensation fund. Initially serving traders in the Commonwealth of Independent States (CIS), the broker quickly grew to include customers from Asia, Latin America, and others worldwide. You can trade forex, metals, cryptocurrencies, indices, shares, and several other instruments with Lime Fx. Yes, Lime Fx allows trading on prominent cryptocurrencies, including Bitcoin, Ethereum, etc.
Copy Trading from Lime Fx
Lime Fx offers traders access to the MetaTrader 4 platform, known for its user-friendly interface and comprehensive charting tools. The platform also boasts an extensive marketplace featuring custom indicators and Expert Advisors (EAs). This is an essential mechanism for novice and experienced traders to learn and examine their trading strategies. The Demo Account portrays the authentic marketplace status, easily accessible by all traders. Experienced traders frequently opt for the ECN Account, as it provides direct market access, extremely low spreads, and lightning-fast execution times.
My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities. Lime Fx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry limefx forex brokers reviews operated by the Financial Services Authority (FSA).
- The bonus cannot be used during a drawdown and will be debited from the account if the Stop Out level is reached.
- The deposit and withdrawal fees are designed to encourage traders to fund and maintain their accounts properly.
- Our last remarks on Lime Fx emphasize its diverse choice of trading instruments, including forex, commodities, cryptocurrencies, and others, which appeal to a broad spectrum of traders.
- I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds.
- This removes any possibility of fluctuations and provides peace of mind, thus making it more user-friendly.
- This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts.
- No, regardless of payment type, Lime Fx does not charge commissions on any deposits.
Lime Fx’ two-factor authentication (2FA) usage was not explicitly mentioned on the website, although it is a typical security mechanism brokers provide. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Once all the above has been done, you can select ‘Open Demo’, and will be redirected to the MetaTrader 5 Web Trader where you can immediately start using the demo account. The Lime Fx blog discusses trading tactics, market research, and economic event coverage. ✅If applicable, Lime Fx will produce a unique wallet address and a QR code for your deposit.
- Traders can build up their trading skills by actively participating in trades and developing their own trading strategies.
- The blog is a valuable educational resource, providing insights into market research, trading tactics, and economic news.
- A margin call happens at Lime Fx when your account equity falls below 50% of the margin needed to maintain open positions.
- Lime Fx’ emphasis on innovation and a commitment to providing exceptional trading experiences has helped it maintain its position as a top option for CFD and FX traders throughout the globe.
- Experienced traders frequently opt for the ECN Account, as it provides direct market access, extremely low spreads, and lightning-fast execution times.
- To compensate for the smaller spreads, Lime Fx’ ECN account holders must pay a commission, which begins at $2.5 per standard lot.
Choose your account type
If you suspect unauthorized activity, please get in touch with Lime Fx customer service to help safeguard your account. Lime Fx started operations in 2007, establishing itself as a dependable supplier of financial trading services. Since its start, the organization has enjoyed extraordinary development and established a worldwide presence. I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds.
Which Markets Can You Trade with Lime Fx?
Lime Fx calculates margin requirements depending on transaction size, account type, and leverage. Lime Fx offers access to 40 forex pairs, including major, minor, and exotic ones. Lime Fx strives to retain a competitive advantage via its spreads and fees, which appeal to various trading styles and techniques.
The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Margin requirements differ according to account type, market circumstances, and the chosen level of leverage. For instance, a margin call at 50% indicates that an account’s equity cannot go below half the required margin limit, thus preventing over-extension where trades are involved. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before limefx company reviews becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.
However, with Lime Fx, traders that have chosen the demo account bonus will be able to transfer any profits which have been made on their demo account to their live trading account. Today, Lime Fx is a reputable worldwide broker known for its steadfast dedication to customer satisfaction. The firm offers traders cutting-edge platforms, a wide selection of trading products, and exceptional customer service. This lets you practice trading in a virtual environment without risking real money. The spreads are dynamic, with accounts such as the ECN offering spreads as low as 0.0 pips, reflecting the direct market access they give. Variable spreads, useful during periods of high liquidity, are also available, enabling traders to benefit from narrower spreads.