Lime Fx offers direct access to several dozen international stock markets. The approaches to charging commissions differ in different regions. In particular, there is a commission per share for the U.S. stock market, which we estimated as low. In the majority of other markets, the broker charges commission as a percentage of the trade volume, while its size ranges from average to high.
Available Assets
Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. Lime Fx was founded in 2007 and obtained its CySEC license in 2015. It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit. My review did not uncover misconduct, scam, or fraud, and I confidently rate Lime Fx as a legit and safe Forex broker.
Lime Fx Broker Review
It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices. Lime Fx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
How To Open A Demo Account
This globally acclaimed service stands as a beacon of efficiency, guiding users towards the pinnacle of financial well-being and prosperity. Our website provides detailed reviews and ratings on trading brands. Alternatively, you can head to forums and sites like Trustpilot for other user reviews. Lime Fx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services.
Markets and products
The commission-based MT5 Global account provides traders access to most trading instruments. The broker offers several account types, but the commissions on them are similar in general. On MT5 Global and Forex ECN account types, the broker charges $2 and $3 commission per standard lot of 100,000 units of base currency respectively. The traders also need to take into account the market spread, which is received from the liquidity suppliers. As a rule, the spreads on Lime Fx are very low due to high liquidity received from large banks. On the Forex and CFD Standard accounts, the broker uses a small spread on top of the market spread as a commission.
- Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary.
- Lime Fx stands as a beacon in the institutional trading sector, offering brokers a golden opportunity to expand their product offerings and fortify their market presence.
- During the second step, which is titled Economic Profile, you need to specify information about your employment, level of income, trading experience in the financial markets.
- We are hoping that the broker will soon eliminate this drawback.
- It offers single-window trading,advanced charting tools, and a depth of market feature.
Let’s review how much a trader will have to pay for these sorts of services. The size of the swap depends on the interest rates of the central banks that issued the currencies in the currency pair. In case of positive swap, a certain number of points is accrued to the account, and in case it is negative – the points are written off the account. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity.
Lime Fx is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme. From on our assessment, Lime Fx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). Lime Fx does not charge inactivity fees – a levy we see at many forex brokers we review. Our testing shows that Lime Fx offers lower fees than most forex brokers, especially in its premium accounts.
Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. It offers market and limits orders on close and the time duration for days or extended hours. The demo account enables you to review the orders made and displays market performance and current portfolio as well. Lime Fx presents a broad market area comprising of a plethora of trading instruments, which includes stocks, ETFs, futures options, futures, bonds, and mutual funds as well. IPO investment offers an unparalleled opportunity to buy into a company’s vision and growth at its initial stage in the public market.
It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). Finally, for experienced traders, there’sthe MT5 Global account. This provides access limefx courses scam to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks.
They require a holding period of five days before the availability of trading control is provided. However, higher ratios are available for professionals, thereby proving its efficiency and its status as a trusted trading platform. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada. They come with better functionality and are easy to use and access. They both get used to their vast customer-supportive designs and excellent functionalities.
It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. Lime Fx+ allows you to review all your orders and shows your current portfolio and market performance. This broker also offers the following trading assets, shares, cryptocurrencies, futures, options, CFD, and Eurobonds. The broker has a trading portfolio of 26 major and minor currency pairs.
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. On the other hand, traders are charged commissions starting from 3 USD per lot.
The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum. Accounts also cannot be funded by credit card checks, traveler’s checks, money orders, or Western Union. Note, all clients must be 18 years of age or older to open an account.
Lime Fx also offers the Try2BFunded program for those looking to become professional traders. In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts. If investors successfully https://limefx.club/ pass both steps, they receive access to a funded real-money account and can trade on the firm’s capital (a monthly subscription fee applies). Traders seeking a multi-asset broker with an exceptional range of 35,000+ assets, market-leading software and low trading fees should consider Lime Fx.