Lime Fx TV is a great addition for videos whilst podcasts are also now on the site. There are 100 to choose from and are all major US, UK and German companies. MetaTrader 4 (MT4) – is good for charting, technical analysis indicators and translates very well across your devices, meaning desktop, tablet and mobile versions interact very well. The Micro account gives you all the same features as the Standard account, however, the equivalent contract size of trading 1 Lot is 100 times lower. Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan. Furthermore, there are other notable countries that traders are restricted from trading with Lime Fx.
Desktop Trading Platforms
Here, you can find the most popular trading platforms such as MetaTrader 4 and MetaTrader 5, or go with the custom-made trading platform of Lime Fx. It is a very common practice for Forex brokers to charge an inactivity fee. This type of fee on Lime Fx is charged when your account remains inactive for a certain amount of time. This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee. First, it is the standard ultra, for which, 1 lot equals 100,000 units of the asset traded. Below, we will talk a bit more about the account types offered by Lime Fx and discuss them one by one.
Lime Fx Group vs Pepperstone Spreads
While both Lime Fx entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements. Additionally, Lime Fx provides over 20 equity index CFDs, 5 commodity CFDs, and futures CFDs on various assets, including precious metals and energy markets. Lime Fx offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To https://limefx.biz/ open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.
Verification is also straightforward, requiring only a primary document to confirm identity. However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and confusing bonus terms that might not be easy to use. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder. The key point is that you must follow the withdrawal hierarchy for the deposit methods you have used before selecting any other withdrawal option. For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals.
- Tickmill MetaTrader4 is a solid trading application replete with several advanced charting techniques, various financial assets, and the ability to trade on the go.
- Some users rate the service quality highly, noting quick withdrawals and low spreads.
- Clients can access a detailed Help Center covering common issues, platform guides, and trading resources.
- As you can see, Lime Fx stacks up fairly with higher fees in places and lower in others.
There is a feeling of safety when trading , as they are one of the most heavily regulated brokers in the world. With negative balance protection in place, you can be sure that you will never lose more than you deposit. The general experience is one that flows smoothly, as long as you know what you are doing. The deposits and withdrawals are fast and reliable, there are no hidden fees, and limefx website the spreads are quite competitive. Lime Fx offers comprehensive customer support to ensure a smooth trading experience for all its clients.
Processing Times and Fees
Lime Fx stands out for its commitment to trader education, offering free webinars, research materials, and analysis tools to support informed trading decisions. The broker’s extensive educational resources are particularly beneficial for those looking to enhance their trading knowledge and skills. Swap rates vary depending on whether a position is long or short, and traders can find the current applicable rates within the Lime Fx trading platforms.
If you are a retail trader, looking for a broker that focuses on stocks and forex, then Lime Fx should certainly be worth your consideration. With great customer support, excellent research and education content and negative balance protection, Lime Fx is certainly great for beginner traders. Lime Fx offers you a selection of accounts with a low minimum deposit so you can get the best out of everything they have. Any trader who is sufficiently trained/experienced in the market can quickly identify which of the accounts they will most likely benefit from. Lime Fx prides itself on competitive spreads and a largely commission-free structure.
You will also have to be prepared to offer proof of identity and proof of address. Submit a copy of your ID, passport, or other official documentation that’s accepted as proof of identification. For the address, submit a bank statement or other official documents that detail where you live. Lime Fx provides access to proprietary indicators by directly contacting an Account Manager.
- Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account.
- All brokers want you trading, and when a trading account lies dormant, they begin to incur inactivity charges on the account.
- The minimum spread across all of the accounts is 0.1 pips, and the average spread for major currency pairs like EUR/USD stands at 0.1 pips.
- All e-wallets, major credit cards, and wire transfers above $200 are all covered.
Lime Fx fees compared to Interactive Brokers fees
This will help you better understand how we analyze and assess various aspects of broker operations. Continue reading the review to learn all the details about the Lime Fx broker and determine if it meets your requirements and expectations. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
Contact Methods
Explore some of our must-have products that keep everyone trading with us time and again.
Depositing ease
To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted. This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative. Lime Fx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s Lime Fx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry.
Lime Fx offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Lime Fx spreads start from 0.6 pips for Standard and Micro accounts, while Lime Fx Ultra Low accounts offer spreads as low as 0.0 pips. When evaluating Lime Fx against Eightcap, each broker brings unique advantages to the table. Our comparison tables below provide insights into their spreads, quotes, and trading volumes. Overnight swap rates apply for positions held past the daily market close, functioning as interest charges or credits depending on the instruments traded and the direction of the position.
The Lime Fx review also shows that they provide additional features like six calculators from the all-in-one calculator and the pip cost calculator. This can be helpful when traders are strategizing or researching economic ideas. Lime Fx’s Loyalty Program allows traders to earn Lime Fx Points (Lime FxP) for every lot traded. Additionally, high-volume traders can qualify for a free VPS, which is especially beneficial for algorithmic traders needing minimal downtime and fast execution speeds. One of the pillars of Lime Fx’s success is its reliable and easy-to-use trading platforms.
To prevent slippage and keep your strategy aligned with real-time market prices, 99% of all trades are executed in less than one second. 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. There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the Lime Fx Shares Account which has a minimum $10,000. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the Lime Fx Loyalty Program. Leverage at Lime Fx varies based on the regulatory jurisdiction of your account and the type of instrument you are trading.