Trade Forex CFDs with your Multi-Asset Broker Lime Fx

Traders can avoid paying conversion limefx broker reviews fees when trading with instruments denominated in their account currency. Commissions I have recorded on the EUR/USD for the seven account types. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10. However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved. Also, Lime Fx reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade. Lime Fx operates through three entities, with two regulated by the FCA in the UK and the FSCA, and one entity remains unregulated.

• Overall, Lime Fx is a very well established and reputable trading broker that serves all types of traders from around the world.
• It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times.
• Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity.
• Most traders will pass verification after submitting a copy of their ID and one proof of residency document.
• Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.

Lime Fx User Experience

• Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.
• However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved.
• However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage.
• They allow traders to easily examine the current market behavior and enter into trades quickly.
• MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels.
• That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

You can choose from a great variety of trading platforms with low pricing and fast execution speeds. Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments. The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping. I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions.

I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. Lime Fx offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared Lime Fx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average.

The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. Live news feed helps traders stay on top of the latest market developments. Each piece is light and easy to grasp, containing no more than 2-3 sentences. This type of content is not intended to delve deep into the subject matter but rather to help traders screen potential opportunities as they emerge.

Range of Assets

This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. Keep in mind that the dealing spreads above refer to normal market conditions. The spreads can widen considerably in fast or highly volatile markets. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at Lime Fx. Whereas more experienced traders can always find something new to add to their skills and improve their knowledge.

The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.

Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal. limefx forex brokers reviews Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. In my experience, market execution is better suited for day trading and position trading strategies where volume is important.

Trade on MT4 to gain the competitive edge you want

Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. Traders can open an Lime Fx account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office.

Lime Fx Promotions

The books are pretty exhaustive and can help newbies gain a firm understanding of trading basics. Lime Fx should also be praised for holding periodic seminars at various locations globally and in different languages. Traders attending these seminars can benefit by gaining critical trading insights directly from Lime Fx experts. WebTV represents ‘Market Insights’ and ‘Technical Views’ in video format. Each idea underscores a currently unfolding trading setup – a bullish or bearish pattern, such as the ‘Engulfing Line (Bullish)’ shown below.

The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. What I thought very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro).

Is Lime Fx good for beginners?

It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework. However it’s important to note that this review focuses specifically on Lime Fx offered by Notesco Limited and registered in Bermuda.