Lime Fx Review A decent multi-asset broker with the widest range of assets

The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. For those traders who are more technologically minded, and want robust analysis software and trading platforms, TradeKing is another good option to consider. Their browser-based platform offers free screening tools, real-time data and advanced research that handily beats Lime Fx’s. User Lime Fx reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned.

• Unfortunately, they do not currently support crypto trading.
• They also offer traders the chance to find out if the broker suits their strategy before committing funds.
• I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment.
• And under the categories of “stocks,” “options,” “futures,” and “apps,” Lime Fx lists the ideal platforms.
• As for entities, Lime Fx offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts.

OEC Trader is a desktop platform that is designed for futures trading. The order system is able to use multiple tickets, and RSS news feed is integrated. Lime Fx clients can buy and sell futures contracts on a mobile platform called iBROKER.

Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. In a global market filled with countless brokerage choices, Lime Fx has carved out a niche as an affordable yet comprehensive broker. Its robust regulatory framework, low commission structure, and wide range of tradable instruments make it a compelling option for many traders.

MetaTrader 5

Match any two of these requirements to qualify as a professional client. Lime Fx is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). Besides the default routing option, Lime Fx + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more. Lime Fx offers several platforms and doesn’t charge a dime for any of them. Asktraders is a free website that is supported by our advertising partners.

Distinctive features

Deposits are processed within one business day while withdrawals can take up to 3 days. On the security front, the broker employs modern encryption protocols to protect user data and account information. Two-factor authentication (2FA) may also be available, allowing traders to add an additional layer of security to their logins. Cybersecurity has become an increasingly significant concern in the digital age, and Lime Fx’s protocols aim to mitigate these risks by adhering to industry standards.

Is Lime Fx A Safe Broker?

This license imposes certain capital adequacy and reporting requirements, designed limefx courses scam to protect client funds and maintain ethical practices. Overall, Lime Fx is recognized for its competitive rate structures. However, like any broker, it’s important to carefully review the latest fee schedule to ensure that the pricing aligns with your trading frequency and instrument preferences. There is also a campaign to become a professional trader which offers a bonus of up to $2000. The huge range of 35,000+ instruments is a key benefit of opening an account.

How to Use the Lime Fx Brokerage?

The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. Contact us directly for further inquiries about our products and services.

• In this Lime Fx review, we determine that they offer good value in the way of software offerings, good commission prices, and offerings that just about match the rest of the industry.
• This structure provides an extra layer of protection in the event of the broker’s insolvency.
• It is also a member of the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations.
• 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.
• If you are seeking a more comprehensive education, you may want to supplement with external resources or mentorship programs.
• Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets.

Unlike some brokers,Lime Fx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. Lime Fx is a competitive broker that is regulated by a reputable body and offers an impressive range of assets that includes cryptos, options, CFDs and equities. The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders.

Instead, I spent hundreds of dollars a month gobbling the goo limefx official site of the goo-roos. Add to this paying for expensive software while I was supposed to learn how to succeed as a trader. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. On its website, claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience.

If you’re planning on being an active trader, Lime Fx’s rates simply can’t be beat. Penny stocks also incur some similarly small fees, which you should consider if you’re contemplating going with Lime Fx. Stocks that cost less than a dollar have a tiny fee of $0.003 per share added for the whole order. While your commissions are not meant to exceed $5.50, they do require a minimum $2.50 commission.