Lime Fx offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. Each Lime Fx trading account is assigned a base currency, which indicates the money that you deposit with the Lime Fx trading platform will be held in that particular currency. Some online brokers provide trading accounts like Lime Fx in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen).
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 limefx scam 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.
However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. Lime Fx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it.
Customer support of Lime Fx
I like the variety of payment methods supported by Lime Fx, making the broker easy to use. Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2.
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.
TRADING HELP
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 limefx official site 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 like the web platform for accessing my account on different devices without needing to install any software.
- Lime Trading (CY) Ltd – the owner of Lime Fx – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA).
- What we really care about is helping you, and seeing you succeed as a trader.
- Traders should also keep in mind that triple rate swap fees are charged on a Wednesday.
Deposit Fees for Lime Fx Trading Accounts and the Various Methods of Funding
I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. Match any two of these requirements to qualify as a professional client. You can keep track of current economic data using the provided Economic Calendar.
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.
Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas and gain knowledge. First, I needed an honest, realistic, and affordable education in the stock market. I needed to determine the type of trader I’d be before choosing the right broker.
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.
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 available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. Lime Fx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.