This can be an excellent way to improve your knowledge of the markets and your trading strategy. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners. Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, Lime Fx isn’t the best forex broker for new traders in our view.
Lime Fx MT5 Global Account
The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. Lime Fx is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts.
There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance.
Mobile Trading
Lime Fx is owned by Lime Trading (CY) Ltd, which is regulated by CySEC and ESMA. It is also a member of the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. Lime Fx offers both investment and market speculation opportunities to its clients. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. limefx Moreover, Lime Fx + is user-friendly and a cut above many brokerage-provided platforms.
Age Requirements Of Using The Lime Fx Trading Platform
The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. Our evaluation of Lime Fx shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank Lime Fx down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds.
There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Lime Fx is a regulated online broker offering a wide range of products, services, accounts and trading platforms.
You can take a look at Vantage if you wish to trade cryptos. The amount of the minimum deposit for brokers like Lime Fx varies widely from one trading platform to the next and can range from $0 – $10,000 with some brokers and trading platforms. Lime Fx has a minimum deposit requirement of USD and is aimed at more mainstream traders. However, some account types, such as the Forex ECN account, have higher minimum deposits (£200 in this case). The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal.
- I needed to determine the type of trader I’d be before choosing the right broker.
- Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire.
- There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas.
- Therefore, any trader style should find a suitable platform among the choices.
- ForexBrokersOnline.com earns money from affiliation deals with our partners.
- Opening an account with the broker is a quick and easy process with a short online registration form to complete.
ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities. ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time. Its speed, simplicity, and record-keeping abilities can help to give traders a limefx forex broker performance edge in the marketplace. The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims.
The fact you can get free access to it via the broker is great. Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools.
What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. The Bullish Bears trade alerts include both day trade and swing trade alert signals. These are stocks that we post daily in our Discord for our community members. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time.
The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the Lime Fx website and seek independant advice. Lime Fx is a competitive broker that is regulated by a reputable body and offers an impressive range of assets that includes cryptos, options, CFDs and equities. The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients.
It should be mentioned that during the registration process, we experienced technical issues. Which is why the registration process gets a low rating from us. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for.
The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. There is currently an MT5 Global special promotion on Lime Fx that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). Deposit times are instant apart from bank transfers, which typically take 2-3 business days. We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC). This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm. This broker was established in 2007 and now operates in 130 countries with over 155,000 clients.
The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months).
A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. Additionally, Lime Fx is an accredited member of the Better Business Bureau with an A+ rating. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. Free weekly mailout on major world events that have an impact on the quotation of the securities of companies worldwide.