We’ll discuss Lime Fx fees, so you know whether the broker employs market competitive pricing structure. We’ll also explore Lime Fx trading platforms to find their useability and look into available account types to help you select the one that suits your trading needs. A simple step-by-step guide will also follow, explaining how to open an account with Lime Fx. Pros and Cons of signing up with the broker and customers’ feedback on different platforms like Reddit, Quora, Forexpeacearmy, and Trustpilot will also be looked into.
Lime Fx accepts other local payment methods depending on your location. Multiple payment methods are available depending on the Lime Fx entity such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc. Lime Fx offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs.
Since third-party payments are not accepted, you must fund your account using the payment source that matches your name. Lime Fx supports several payment methods for deposits and withdrawals. Below we’ll have a quick review of both deposit and payment methods. Clients can also view their trading history using the desktop trading platforms to assess their past performance and review their trading strategies to make necessary amendments. Both desktop trading platforms are really easy to use thanks to their well-designed interface.
Lime Fx fees compared to IG fees
There is also a mobile application available for the trading platforms offered by the broker. This makes it very user-friendly and ensures that no matter where you go, you will always be able to keep in touch with the Forex trading market. The Standard account is pretty much a great choice for traders of all interests. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs. This type of account is very popular in the Forex trading market and is widely used by both beginner and experienced traders.
They also have Lime Fx web trader which allows you to trade through your web browser without the need to download any software. Futures CFDs are available on several assets including Precious Metals, Palladium and Platinum, Energies, Brent, London Gas Oil, Natural Gas, WTI Oil and WTI Oil mini. Lime Fx processes withdrawal requests within 24 hours after submission. Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters.
Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. The history of growth and stability over the 11 years of trading gives us confidence in Lime Fx.
Why Trade Forex With Lime Fx?
The answers to the questions provided can impact whether you will be able to create an account or not. You will also provide the purpose of creating the account, and the experience that you have in trading. After this, you will create an account password and confirm the registration. Once you are done with the first step of registration, you will have to provide a bit more detailed information about yourself.
Reviews of Lime Fx Technical Support
- This account is basically a combination of the Standard and Micro accounts, offering traders the best of both worlds.
- Lime Fx stands out for its commitment to trader education, offering free webinars, research materials, and analysis tools to support informed trading decisions.
- Many traders from around the world can sign up to trade with Lime Fx.
- Lime Fx Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities.
You can either enter the name of your preferred trading symbol or select it from the drop-down list. The instruments page shows different asset classes, such as forex, CFD and Stocks. You need to click any options to view available instruments under each asset class. A stock market allows investors to buy and sell securities while enjoying low-risk exposure.
Lime Fx process withdrawal request via the same methods that clients use at the time of deposits. The broker hasn’t stipulated a minimum withdrawal amount, so you can withdraw funds as much as you like. The average time the company takes to release your funds via card payments and e-wallets is one business day. However, bank transfers can take up to 5 business days to reflect in your account.
Currencies accepted for deposits/withdrawals
However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD. The contract size is 1 share, and there is no leverage available for share account holders. Once you are comfortable with the knowledge that you have received through the demo account, you can start moving on to trading with your actual money.
- In conclusion, we addressed the most frequently asked questions (FAQs) to help clients know more about the broker.
- We strongly suggest you complete your homework before proceeding with it.
- Just 1200 mxp will give me 400$ trading credit, which is just a free account with money basically..
- The company holds registration from the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Commission (FSC).
There is a minimum limefx forex broker withdrawal amount of $5 (or equivalent) for all accounts except for the Lime Fx Shares Account which has a minimum $10,000. Leverage at Lime Fx varies based on the regulatory jurisdiction of your account and the type of instrument you are trading. If you are using the shares account, keep in mind that you will be required to deposit at least $10,000 as your first deposit. The second step also includes a little test to check your knowledge and experience in the market.
For newbies, Lime Fx is one of best broker because of its easy-to-use platforms, a low minimum deposit of just $5, and wealth of professional Forex Education and materials. Lime Fx also offers a virtual fund trial account so newcomers may practice free from danger with Demo Trading. A range of trading markets as Lime Fx Products available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets.
Reduce your costs with low spreads and even lower swap fees and commissions. This is prompt and fairly standard across the industry but still a good response. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). The number of commodities is underwhelming, with just a total of 15. This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities.
Continue reading the review to learn all the details about the Lime Fx broker and determine if it meets your requirements and expectations. 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. 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. Yes, based on your detected country of UA, you can open an account with this broker. Lime Fx has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors.
Lime Fx also offers swap-free Islamic accounts to shariah practising traders. Since the company doesn’t charge interest on overnight positions, clients can trade their preferred financial instruments without going against their religious beliefs. Although Islamic accounts are not offered as a stand-alone product, clients can request the company to switch their conventional account types to Islamic ones. Users of both Android and iOS devices can enjoy flawless trading with the Lime Fx MobileTrader app. The app lets traders run orders, track positions, and access real-time market data on the go, therefore preserving all vital aspects of the desktop platforms. Advanced charting tools, technical indicators, and customized notifications keep users informed about changes in the market.
The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on. As for the micro ultra, the lot equals 1,000 units of the asset traded. The leverage is pretty much the same, depending on the location as well as the amount traded. Spreads are very low with this account, which makes it truly special.
The Micro account of Lime Fx can be a great choice for beginners to learn to trade in actual market conditions without having to risk too much. Compared to the standard lot size it is quite low, as the standard lot equals 100,000 units of an asset. Below, we will talk a bit more about the account types offered by Lime Fx and discuss them one by one. The spreads on https://limefx.group/ major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader. There are over 1,200 assets available for traders to choose from on Lime Fx.
