Lime Fx Broker Review Forex & Stock Trading at Lime Fx

Our management has visited over 120 cities globally to understand clients’ and partners’ needs. Now available – For clients with an equity of less than $40k limefx – T&Cs apply – Read more. Nobody does more to provide you with what you need to maximise your trading potential. All the major indices are available, but with just three different US indices, there are better selections elsewhere. In other words, opening a trade with the Micro account, a 1 Lot position on EUR/USD gives you exposure to $0.1 per pip (or 10 cents per pip) movement. An economic calendar also helps to keep you informed about upcoming events that can cause market volatility.

• The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”.
• Stay informed with daily market updates and analysis from the Lime Fx Market Intelligence Team.
• In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded.
• Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away.
• 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.
• Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4.
• We believe that Lime Fx scores fairly well but not great overall on fees.

Outstanding Customer Service Global

Beginner traders who have done even minimal shopping around for brokers will by now have realised that the MT4 platform is available everywhere. Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. We believe that Lime Fx scores fairly well but not great overall on fees.

Awarded by World Finance Forex Awards 2023

• The broker’s professional approach to addressing client concerns and facilitating smooth deposit and withdrawal processes further solidifies its credibility.
• We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
• Tom-next rates are determined by the money markets and are interest rate differentials between two currencies.
• Lime Fx does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts.
• There are 57 instruments to trade, which is a fairly decent selection.
• Many brokers will have between 20 and 30 different commodities to trade.
• To prevent slippage and keep your strategy aligned with real-time market prices, 99% of all trades are executed in less than one second.

Lime Fx TV is a great addition for videos whilst podcasts are also now on the site. Lime Fx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices.

Withdrawal fees

Overall, Lime Fx’s user-friendly fee structure and competitive spreads make it attractive to traders. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. When I chose them as the main broker to trade with, they had been already in the business for around a decade.

Forex Fees

It is difficult to think of what they could do more to support their customers. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods.

For deposits into the account, they can be made in any currency and will be converted into the base currency of your account by Lime Fx prevailing inter-bank price. All deposits via credit/card and e-payment options clear into your account instantly. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. However, for the Lime Fx Zero Spread account, there is a $100 minimum deposit.

Lime Fx Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. One strong plus is that Lime Fx extends negative balance protection to all its clients, not just the EU clients that it is required to by law.

Enjoy a premium experience designed for seasoned traders with rewarding benefits including access to the widest selection of advanced trading tools available. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. At Lime Fx the client comes first regardless of net capital worth, account type or size of investment. All our clients receive the same quality services, the same execution, and the same level of support.

The following table shows how Lime Fx measures up against some of its rivals across the most widely traded forex positions. On both a minimum and average spread basis, Lime Fx comes up second best. All content on this site is for informational purposes only and does not constitute financial advice.

Trading fees and other costs

This swap-free option is designed for traders adhering to Sharia law. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with limefx courses scam Islamic finance principles. Lime Fx provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. We like the fact that Lime Fx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge.

We believe that Lime Fx’s spreads are reasonable but not as competitive as some rival brokers. 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. Lime Fx is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd.

If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. If you have traded with Lime Fx we would really like to know about your experience – please submit your own review. Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow. Watch my video walk through of the Lime Fx app below to see how it looks and feels, as well as how to place a trade. However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices.