The broker offers securities to trade via CFD trading or Spread Betting from various asset classes, including forex, commodities, indices, shares, cryptocurrencies, and baskets (ETFs). However, the broker does not offer options and government-yield bonds. If you are interested in those asset classes, you might want to consider AvaTrade instead. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard limefx forex brokers reviews debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards.

Where can I find Lime Fx’s trading guides?

Users can access the Essential, Plus, or Premium plans by topping off their accounts by $300, $1,000, or $5,000 respectively. The educational center offers trading guides, tutorials, webinars, live classrooms, and live charts to provide limefx website valuable insights into the market. Thanks to the different trading market signals, you’ll have enough data to make informed decisions. It’s crucial to choose a broker that helps you grow and improve your trading skills. Lime Fx provides access to many educational resources with a dedicated section to help you learn to trade successfully.

Lime Fx Trading Hours (GMT Server Time)

Overall, Lime Fx fits the needs of traders at all levels of expertise. The online broker even provides wholesale trade execution and liquidity solutions for retail forex brokers, smaller hedge funds and emerging markets banks through its Lime Fx Pro service. Lime Fx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. For traders who appreciate advanced trading tools and quality market research, Lime Fx is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at Lime Fx are more favorable for active traders or clients residing in the EU, U.K., or Australia.

Can you make money with Lime Fx?

If you wish to call Lime Fx, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela. Lime Fx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from Lime Fx traders and trading data accrued from over 10 years to meet the needs of their clients. When comparing the spreads to other brokers, Lime Fx at first glance appears to have only average spreads. Yes, trading tools and resources are offered specifically for novices, such as basic trading tutorials and demo accounts for practice.

• It also securely stores your funds on segregated accounts and even offers insurance mechanisms in some jurisdictions.
• Access to proprietary data and premium resources is a guaranteed way to help beginners gain more experience on the platform.
• Lime Fx has partnered with two renowned VPS providers to bring this service to its clients.
• This is critical because identity thieves and online fraudsters may attempt to steal sensitive user information such as credit card numbers, verification papers, and user accounts.
• The index ratio indicates whether traders are net-long or net short a certain currency pair and to what extent.
• ✅After being routed, complete the secure online application form by entering your name, address, employment data, and financial situation.

This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more. ForexConnect supports C++, C#, Java, VB, VBA, compatible with .Net, Linux, iOS and Android, and it is free which is great. Client funds with Lime Fx LTD are segregated according to FCA client money rules. This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors.

In its 20+ years of operations, the broker has received many prestigious awards, including the Best Forex Broker of the Year – 2013 and Best Customer Support. The Lime Fx economic calendar highlights worldwide economic events that have an impact on trading instrument prices. You may look up events and compare analyst consensus to historical data. Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, even though it takes approximately 4-7 days.

This includes an economic calendar, live forex charts, and the latest market news. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. One of the key features of the Zulu trade is the social element. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available.

Lime Fx broker review

You can also enjoy stop-loss/take-profit orders and the ability to partially close positions. Lime Fx charges an inactivity fee of $50 after 12 consecutive months of account dormancy. If you plan on taking a break from trading and would rather avoid this charge, then you might want to take a look at Swissquote instead. But there is a hefty $40 withdrawal fee for withdrawing via wire transfers. The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.

Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. The changes are called slippage and can be positive or negative. As a trader, you want pricing certainty and execution certainty. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. Lime Fx allows clients to trade in Forex, stocks, indices, commodities, and cryptocurrencies, providing diverse trading options across several marketplaces. ✅After the broker processes the withdrawal, the money will typically be sent to your bank account in two business days.

• Overall, Lime Fx is a solid choice for those looking to trade in the financial markets.
• Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.
• They features trading on MT4, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps.
• It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms.
• Education exists via free online forex trading courses, webinars hosted by Lime Fx Senior Market Specialist Russel Shor, and written content with exceptional quality.
• This Lime Fx review breaks down each of the relevant non-trading charges for you in detail.

This is significantly less than the 80+ at Forex.com or 300+ at CMC Markets. Overnight costs are also applied for positions held after 10 pm GMT, but this is industry standard. To prevent this from happening, you either have to place a new trade, maintain an existing trade or close your account. While not a deal breaker, there is an inactivity fee charged to dormant accounts after 12 months of inactivity. The fee is up to 50 units of the currency your account is denominated in or the balance of your account, depending on which is less.

When it comes to forex trading, compliance and regulation are of utmost importance. Accounts with Lime Fx are also segregated in accordance with client money rules, providing added protection for client funds. Lime Fx is well-suited to a diverse range of forex traders thanks to its competitive spreads, flexible accounts and customizable platforms.

All customer funds are maintained in separate bank accounts. These accounts are held in top-tier banks in Europe, Australia, and other Lime Fx countries of operation. In Australia, for example, customer money is kept by Citibank, Australia, a well-established multinational bank. The ‘Financial Services Compensation Scheme’ insurance provides additional protection for European clients’ funds (FSCS). A minimum deposit of $50 is required to get started with the broker.