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Therefore, especially for scalping traders, it is possible to trade without worrying about the spread. However, if you deposit margin, it is easy to manage and you can actually fight according to your situation and wishes. Lime Fx provides its services globally, but certain regions are restricted due to regulatory limitations. Supported regions include most https://limefx.club/ countries in Europe, Asia, Africa, and Australia, where traders can easily open accounts and trade.
Lime Fx offers Micro, Premium, and VIP accounts with minimum deposits ranging from $100 to $10,000. Each account is tailored to different trading needs and experience levels. The minimum deposit starts at $100 for the Micro Account and increases for other account types, such as the Premium and VIP accounts. All this together makes trading limefx scammers on company’s platform profitable and efficient.I trade currency pairs. At the same time, I trade major, minor and even exotics.With such leverage I can use small part of the margin.And thanks to tight spreads, my trading is always efficient. I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform.
Lime Fx processes payments in multiple currencies via bank wire, credit and debit cards, e-wallets, and crypto. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.
Platforms and Tools
The fee is charged until account activity resumes or the account balance drops to zero. However, I also spotted that the broker’s website does not display live spread data. According to its LinkedIn page, Lime Fx has been in operation for 15 years and employs over 600 people—both indicators of its stability. After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format.
- Lime Fx offers a variety of account types tailored to different trading needs and experience levels.
- A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
- Lime Fx provides its services globally, but certain regions are restricted due to regulatory limitations.
- Lime Fx provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads.
- The fee is charged until account activity resumes or the account balance drops to zero.
- Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
Desktop Experience
When we used Lime Fx, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. Each demo account imitates real trading conditions, the only difference is virtual money is used.
Research Tools and Insights
Live Account is equivalent to Standard Account, so it is recommended if you are not sure which account to choose. STP/ECN Account is an account type for professionals, and is characterized by very narrow spread and very high contract power. After completing the application, residents can log in and choose an account offered to enjoy the service. The operator offers suitable accounts, details of which are as follows.
Before you trade, AskTraders.
The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Compared to the industry average, Lime Fx offers an average number of share CFDs and commodities and a high number of currency pairs, indices, and cryptocurrencies. Lime Fx incorporates MetaTrader 4 for web, desktop, and mobile trading.
It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. We may receive commissions on purchases made from our chosen links. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The values listed below are for one full base currency contract (100,000 units).
Research Tools
However, they do change over time and vary between countries, so check the current offers available when you sign up. Yes – Lime Fx does offer negative balance protection to all users. This ensures traders do not lose more than their initial deposit. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. The tier-I regulators in Europe and the UK ensure that the broker’s retail clients receive low leverage, negative balance protection and investor compensation against defaults.
- Its educational content is thoughtfully designed to cater to traders of all experience levels.
- It has been significantly upgraded and has a wide range of stocks, making it a global exchange.
- Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.
- Live Zero Fixed Account is an account type characterized by the average spread being fixed at 0.
- The MetaTrader 5 platform is not currently available at Lime Fx.
Please note, some markets may only be available via CFDs or other derivatives. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible.
They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.
Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Lime Fx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.