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Lime Fx Review 2024 Pros & Cons For Forex Traders
On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make a profit. There is also the CQG platform with four different solutions that can be used to trade futures and options. On the downside, our research has revealed that swap-free accounts are not available. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. Investing.co.uk has been helping British traders find the right broker for over 20 years.
It is an automated investment adviser for creating and managing an investment portfolio with minimal human intervention. Investment portfolios are calculated individually for each client, based on the results of a questionnaire with 8 questions to determine your preferred risk preferences. Its main goal is to promote efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection.
Our experts also factor in their hands-on testing experience into broker ratings. In this review of Lime Fx, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. In addition, we’ll guide you through account opening step-by-step. There is something for everyone to trade with thousands of financial instruments available. You will find everything from major currency pairs to stocks of large companies. Unfortunately, they do not currently support crypto trading.
- They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms.
- Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training.
- In addition to commission and spreads, swap rates may apply for positions held overnight.
- Investing.co.uk has been helping British traders find the right broker for over 20 years.
- Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share.
Alternative Brokers
The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few limefx forex broker brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal.
We have over 20 years of experience when it comes to trading online so we know what to look for. Using free market research of Lime Fx’s experienced analyst team, clients get the opportunity to create their own investment strategies. Robo-advisor is a globally recognised service that aims to help traders using modern technologies.
Once verified by the Lime Fx account team, you can then fund your account and commence trading. Based on our tests, Lime Fx is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips. The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs.
Trading Platforms
MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time. I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading. The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications.
Age Requirements Of Using The Lime Fx Trading Platform
There are usually no deposit fees but banks may charge a limefx reviews third-party fee for wire transfers. Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your Lime Fx account. With a fee structure that will be attractive to high-volume traders and regulation by the ESMA, Lime Fx provides a top-end, competitive investing service. New traders can also get started with a low minimum deposit of $100.
Final Thoughts: Lime Fx Review
We want to feel good about what we do, and the results and reviews speak for themselves. Our watch lists and alert signals are great for your trading education and learning experience. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Importantly, during our tests, the live chat was quick and easy to use with responses in less than a minute and email responses within 24 hours.
With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. We rank the broker down when it comes to educational resources. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library).
This is firmly toward the low end of the forex brokers we review. Lime Fx offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes. Our experts tested and reviewed each trading platform in more detail below. If you’re an experienced active day trader, you may find that Lime Fx has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc. For traders who require a more robust platform, Lime Fx offers several options.
Personal account security on Lime Fx is strengthened by two-factor authentication (2FA). The broker can also restrict account access if it believes security has been breached. Lime Fx provides access to a free demo account that facilitates risk-free investing practice. The sign-up process for the demo account is much faster than the live account registration. Note that, for credit card withdrawals from the MT5 Global account, a commission is not charged when refunding to the same card.
As part of Lime Fx financial regulatory requirements Lime Fx are only allowed to offer trading services to those legally classed as adults. Lime Fx has a wide range of markets to invest in, including various securities and derivatives. Traders placing a high volume of positions will also find the fees very reasonable. For example, MT5 is protected using data encryption, server authentication and more.
We have members that come from all walks of life and from all over the world. We love the diversity of people, just like we like diversity in trading styles. It creates an environment much like a university or college. Also, we provide you with free options courses that teach you how to implement our trades as well. If you would like to contact the Bullish Bears team then please email us at bbteam@bullishbears.com and we will get back to you within 24 hours. Lime Fx is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission.
For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs. In this Lime Fx review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices. The broker provides the latest market news from the world of economics and finance.