An economic calendar is available with a public holiday schedule and upcoming events which may cause market volatility. Other reassuring signs for us are the multiple industry awards and accolades. These are all promising signs for us that Lime Fx.com is a trustworthy broker. The market research and insights at Lime Fx are another strong point. The Research Hub is home to technical summaries, podcasts, blogs, and Lime Fx TV.
How Did We Choose Our Best Forex Brokers?
From my experience, execution can play a big part in your trading results, especially if using a scalping strategy. In terms of execution speeds, comparable brokers include IC Markets. One of the standout features of Plus500 is its proprietary trading platform, which is intuitive and suitable for traders of all levels. This platform provides access to a wide range of currency pairs, allowing traders to capitalize on various market opportunities. Traders registering with Lime Fx have the choice of three account types- The Micro, Standard and the Zero Account. While the trading conditions like the number of base currencies, contract size, and the spread are a factor of the account type, the CFD broker does not charge commissions.
Lime Fx Copy Trading
- The education rooms mentioned below also serve as daily webinars in English.
- The broker’s transparent fee structure is particularly attractive for Forex traders.
- One of the standout features of Plus500 is its proprietary trading platform, which is intuitive and suitable for traders of all levels.
If it is not located at the bottom, it might be located in one of the company information hyperlinks. Reading reviews of forex brokers can also help you determine whether a company is regulated if you are unable to find the information yourself. The Bank for International Settlements’ triennial survey stated that $7.5 trillion in forex trades occured each day in April 2022. Forex trading is a legal endeavor, but that doesn’t mean that every broker follows the letter of the law.
What Types of Assets Can I Trade?
That let you test different strategies without putting any money at stake. Of course, leverage means you can also profit at the same speed, which — combined with liquidity — is what attracts investors to currency trading. This makes it possible for nearly anyone to communicate with the support team in their preferred language. They are divided by the same Primary, Intermediate, and Advanced distinctions. All videos are Primary or Intermediate so anyone with a validated Lime Fx Account can access all of them.
Account Types
If forex is your only field of interest in the trading world, a specialized broker will be a good choice. Non-specialized brokers are brokers that you can also use to invest and trade in the domestic stock market. It is often far more convenient, both technologically and monetarily, to have your money and platforms with the same broker. Regulated by reputable authorities, Lime Fx ensures a secure and transparent trading environment. The broker’s commitment to customer support is also notable, offering 24/5 multilingual assistance to traders. The broker’s MetaTrader platforms (MT4 and MT5) provide advanced trading tools, charting capabilities, and expert advisors, catering to both beginners and experienced traders.
Free Forex Webinars – 19 Languages, 7 Days a Week, 82 Webinar Instructors
Traders should use leverage judiciously based on their risk tolerance. Margin refers to the amount that must be deposited to open a position. For forex, gold, and silver, new positions can be opened if the margin requirement is less than or equal to the free margin (available funds) in the account. Lime Fx also offers its operational philosophy as a reason to consider choosing this company as a broker.
For example, Lime Fx charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. Lime Fx may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days). This fee encourages active trading and helps cover administrative expenses. For those giving negative reviews about Lime Fx withdrawal, you’re wrong. I made a withdrawal request 2 hrs ago and I have received my funds.
💪🤖 We strive to provide transparent and reliable trading services to our clients. Rest assured, we will continue to uphold the highest standards in the industry.😉Lime Fx Team 🚀BIG. Hello kelvin maina,Thank you for sharing your positive experience with us here on Trustpilot!
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 FI, you can open an account with this broker. Forex trading can https://limefx.vip/ be both challenging and rewarding, and whether it’s considered difficult depends on several factors, including your background, knowledge, approach, and mindset. The education rooms mentioned below also serve as daily webinars in English.
Don’t worry if you are not trading enough volume, you can still request the Lime Fx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. Lime Fx Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran.
However, if you choose bank wire transfers or cards, it could take 2-5 days to receive the credit. Lime Fx does not charge for processing withdrawals, but your bank or payment processor could levy a fee. All Lime Fx clients have access to a personal Account Manager, as when it comes to customer service, limefx reviews the size of your account does not matter. The most impressive feature offered by Lime Fx is its extensive educational material, alongside a very notable research offering. The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, Lime Fx TV.
The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. Lime Fx pioneered offering an MT4 platform with trading execution quality in mind. Lime Fx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage.
On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5. Lime Fx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators.
The main difference for Standard Accounts with Lime Fx is that 1 lot is 100,000. There is a restriction of 50 lots per ticket and the minimum trade volume is 0.01 lots. Other than this, the Standard and Micro Accounts are essentially identical. You can view all of the relevant legal documents for Lime Fx on the Legal Documents page of the website. This includes documents such as terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more. At the time of writing, there are 12 documents in this section, all available for download as PDFs.
In addition to providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5. Lime Fx Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading.
They also provide education, market analysis tools and convenient funding options. Lime Fx also offers the ability to trade standard or micro lots, and the same execution quality across account types. There are free and regular intra-day market updates plus technical analysis.
