Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. After the registration of your trading account, you will see your login/password (they will be also sent to your email address).
Opening an Account
Still, the overall approach to customer support remains excellent. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
App Privacy
Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Besides research from Autochartist, Lime Fx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well.
Currently, Lime Fx serves more than
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. – We are delighted to announce that we have added the Thai language to the App, catering to our clients from Thailand!
Company History
The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Lime Fx offers educational content on its blog, with quality written articles. Still, it lacks a classroom-style step-by-step trading course. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
- Trading with a regulated broker will limit the potential for fraud and malpractice.
- The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform.
- Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
- Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account.
- Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.
How do I withdraw from Lime Fx?
Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and https://limefx.group/ account must match. The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that Lime Fx does not engage in unnecessary data mining as part of its registration process. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Lime Fx: Trade & Invest
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The developer, Lime Fx Ltd., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy. We use dedicated people and clever technology to safeguard our platform.
Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions.
The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. Unfortunately, we do not provide services to citizens and residents of this country.
I also like that Lime Fx ensures traders operate from a trustworthy and secure trading environment. Lime Fx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
I rate the well-structured Lime Fx research section among the best in the industry in quality and quantity. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
It offers a perfect combination of convenience and functionality. By continuing to browse this website, you agree to our Cookie policy. limefx scam LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). Lime Fx’ execution qualityis confirmed by VMTand complies with bestexecution standards.
I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. Providing brokerage services in Latin America, Asia and CIS, Lime Fx focuses on offering high-quality services and comprehensive support to its clients and partners. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets. It is also a rare broker offering EAs to its traders for free. Besides the volume-based cashback rebate and VIP programs, Lime Fx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts.
Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, Lime Fx became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders. Lime Fx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that Lime Fx understands the requirements of demo trading.