Lime Fx Broker Review Forex & Stock Trading at Lime Fx

is Lime Fx a good broker

I have been interested in this broker for a long time, because it turns out that this broker provides bonuses and promotions for new traders that can be accessed when registering. New traders can get a deposit bonus of up to 20% or equivalent to the exchange rate. To get this bonus, it’s very easy, namely, traders who deposit at least $ 5.

What is the Lime Fx minimum deposit?

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Lime Fx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).

Ultimately, Lime Fx is a reputable broker with many tools for new and experienced traders to maximize their trading strategies. The platform offers low fees and spreads as well as comprehensive educational content for traders. However, the range of deposit and withdrawal options as well as commissions charged per trade can be improved upon. Before deciding to trade with this broker, make sure that it meets your trading needs. Lime Fx allows traders to gain access to several features on their trading platforms.

Wide Range of Trading Assets

However, with the Lime Fx Shares account you can also find a small selection of around 100 real stocks to invest in. Lime Fx is an online brokerage firm founded in 2009 in Belize, and is part of Trading Point Holdings Ltd.

  1. In Lime Fx Broker, traders can place a variety of order types, ranging from stops, trailing stops, market orders, and limits.
  2. The Lime Fx Micro account is tailored for traders who prefer to trade with smaller lot sizing.
  3. All in all, Lime Fx is a recommended broker especially if you are looking for an ideal broker with low minimum deposit requirements.
  4. Lime Fx is regulated by the Financial Services Commission, ASIC, and CySEC.
  5. The free margin is the quantity you still have in your trading account, while the used margin will refer to how much money you need to have for a transaction.
  6. The market analysis includes trading ideas and a high quality research and education section on the website.

Once you have provided your personal information, you will be required to choose a trading platform. Lime Fx has a great mobile trading platform, which is offered on MT4 and MT5. The platform is highly user-friendly and provides a great search option. As a trusted broker, Lime Fx is regulated by tier-one regulatory bodies and takes measures to guarantee the safety of your funds and information. Traders at Lime Fx have the option to seek answers in 25 languages by reaching out to customer support through email, chat, or phone, or by visiting the Lime Fx FAQ section.

Additionally, consider starting with a demo account to practice trading without risking real money until you feel confident in your abilities. Hi, Im a newbie who loves to open position in EUR/USD as daily trader. I don’t have a big money, so I need a huge leverage and mini account. According to their website, standard ultra offers a higher minimum lot requirement. Lime Fx also presents comprehensive research and educational feature, ranging from daily news, research on market conditions, forex seminars, and live education with 20 multilingual professionals.

Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. The Lime Fx ultra low account is an account type that features spread mark-up starting from 0,6 pips (40% cheaper than the industry standard of 1 pip).

is Lime Fx a good broker

Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. We believe that Lime Fx scores fairly well but not great overall on fees. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded. This commission is paid both at both limefx scam ends of the trade, when you open and when you close the position.

is Lime Fx a good broker

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. The brokerage has offices in multiple countries, including headquarters in Limassol, Cyprus. The brand is comprised of a group of online trading entities, with regulatory oversight from the likes of the CySEC, ASIC, and DFSA. Our experts also found important account safeguards in place during their assessment of Lime Fx, including segregated client accounts and negative balance protection.

Is Lime Fx A Good Broker For Beginners?

If you are a new trader, you can learn by watching videos on the platform in the Beginners Room, then practicing with a Lime Fx demo account. The educational videos are valuable as they contain useful information and insights. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs. Deposits and withdrawals are essential parts of trading on a brokerage platform. Lime Fx provides multiple deposit methods with no deposit fees and several account base currencies. Since there is no deposit fee, Lime Fx broker will not deduct any amount from the deposits you make.

This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities. Many brokers will have between 20 and 30 different commodities to trade. Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan. Furthermore, there are other notable countries that traders are restricted from trading with Lime Fx. Lime Fx is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd. The company was founded in 2009 in just over 11 years it has grown to have had over 3.5 million clients from 196 countries all over the world.

Trading fees and other costs

The platform is great for both new and experienced traders who prefer to use MT4 or MT5 while trading forex and CFDs. The broker charges minimal fees, unlike many other forex brokers on the market. The platform is regulated by the Financial Services Commission, ASIC, and CySEC. From our Lime Fx forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free.

There are 12 futures indices CFDs and 18 cash limefx reviews indices CFDs available. And finally, Lime Fx Broker also enables trading with metals such as silver and gold. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative. Lime Fx does this to protect clients from highly volatile market conditions, such as news releases.

A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I wonder if it is the same for everyone… once I started trading here, I was actually excited to tell people about the broker.