The Lime Fx brand (Lime Fx Group) is a group of online regulated brokers. The group’s first entity was founded in 2009 in Cyprus (regulated by CySEC under license 120/10) under the name Trading Point of Financial Instruments Ltd. Now, it is an industry leader and a well-established investment firm. Lime Fx currently has more than 300 professionals, each of whom has long-year experiences within the financial industry. Lime Fx accepts traders who are residents of countries from the European Economic Area (EEA). You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). That said, Lime Fx lags behind top-tier brokers when it comes to competitive pricing and range of markets, which may limit its appeal for more advanced or cost-sensitive traders. Lime Fx does not have specific bonuses due to regulatory stipulations. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals. Ultra Low accounts offer tighter spreads for cost-conscious traders, though they are not eligible for the Loyalty Program. Lime Fx does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals.
- However, with the zero spread account, you will pay $3.5 commission per standard lot (100,000 units) traded per side.
- Founded in 2009, Lime Fx has over 1000 trading instruments and multiple account types which are designed for newbies, and experienced and professional traders.
- Oh I lost a couple of nerve cells waiting for this visa withdrawal.
- Lime Fx charges an inactivity fee for accounts that remain dormant for 90 consecutive days.
- However, it should be noted that Lime Fx reserves the right to require adequate justification to open such an account.
- Known for its efficient trading services, quick execution speeds, and secure trading environment, Lime Fx has garnered a positive reputation among our traders and industry experts.
These licenses testify to the company’s strict compliance with international standards and regulatory requirements. The ASIC regulation is top-tier and means that Lime Fx needs to run a responsible, ethical and professional company to service its clients. Live analysis content is also a feature of Lime Fx’s research offering. Lime Fx TV is a great addition for videos whilst podcasts are also now on the site.
Customer Support Test
Lime Fx offers a wide range of services that attract traders of all levels. With over 1500 trading instruments, extensive educational resources, and a variety of trading platforms, this broker is suitable for both novice and experienced traders. Lime Fx is a forex and CFD broker that provides online trading services globally. Based limefx reviews in Limassol, Cyprus, it is regulated by top regulatory authorities including FSC-Belize, ASIC, CySEC, DFSA.
As you trade, you will earn Lime FxP which can be redeemed at any time for credit bonus rewards in the Members Area. In the Members Area, you can also monitor your balance of Lime FxP at any time, including the equivalent value of your Lime FxP as a credit bonus. Any profits generated can be withdrawn at any point in time, however, any withdrawal of funds will result in the proportional removal of your Lime Fx forex broker bonus account.
My conclusion regarding Lime Fx’s offering of tradable assets is favorable, with a wide range of asset classes that should satisfy most traders. The offering is especially impressive concerning global equities, with a large amount (over 1,300) on the menu. I conclude there is a sufficiently wide range here for traders who are not particularly interested in individual stocks and shares but want to achieve reasonable diversification across major markets. Lime Fx provides commission-free Forex fees starting from spreads as low as 0.6 pips in the Lime Fx Ultra-Low Standard Account, which equals $6.00 per 1.0 standard lot, while the average is 0.8 pips or $8.00. Lime Fx offers traders more than 1,000 competitively priced assets, excellent leverage, trading bonuses, plus a loyalty program and an upgraded MT4/MT5 trading platform. I set out a detailed researched review below to help you decide.
Lime Fx provides MetaTrader 4 and MetaTrader 5, along with free VPS hosting for low-latency trading. Its extensive educational and research materials offer traders with different experience levels a comprehensive overview of current market developments. Lime Fx offers various educational resources to help novice and experienced limefx courses scam traders improve their skills and understanding of the market. The Ultra Low account with below-market average spreads makes the fees more attractive to some traders. Still, the Standard account with above-market average spreads, swaps, and possible inactivity fees balances out this advantage.
- Although MT4 Multiterminal is technically a variation of MT4 for Lime Fx, it has additional functionality.
- This model allows Lime Fx to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades.
- Lime Fx has NASDAQ or NAS100 CFD instrument which is listed as US100 on their platform.
The only benefit of this is they can also access real-time data or analytic tools offered on the Lime Fx trading platform. Compared to other forex brokers who offer Islamic accounts, Lime Fx’s offerings stand out. That is because most brokers will give Islamic accounts higher spreads. Lime Fx, however, does not apply additional charges on Islamic Accounts. Lime Fx offers access to over 1300 tradable instruments across currency pairs, commodities, share CFDs, and indices. The broker does not provide any lower-risk securities, such as ETFs or cryptocurrencies.
I wonder if it is the same for everyone… once I started trading here, I was actually excited to tell people about the broker. It is very easy to convince interested to give this broker a look. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently.
What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world. Lime Fx offers a range of research tools specifically designed to assist beginner traders in enhancing their trading skills and market understanding. While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs. Skrill and Neteller e-wallets offer nearly instantaneous deposits and withdrawals for even faster options.
Leverage
Additionally, MetaTrader 5 has an intuitive mobile app, which helps traders stay connected to the global capital markets even on the go. Spreads start as low as 0.6 pips on major pairs (Ultra Low Account). There are no deposit or withdrawal fees, and Lime Fx avoids requotes or hidden charges. Yes, Lime Fx is considered good for beginners due to its extensive educational resources, user-friendly platforms, and wide range of trading tools. Lime Fx makes money through spreads on trades and potentially through other fees such as overnight financing charges. Here is a table of average spreads and swaps for major currency pairs on Lime Fx’s Standard account.
Some brokers use this type of account, in which they transfer the interest charge to a different fee. As this would still be a charge covering interest, it goes against ethical and fair trading. Shares Accounts are always Islamic and have a minimum deposit of $10,000.