Lime Fx has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at Lime Fx is $50 for most accounts, except for the Zero Spread option, which limefx courses scam requires $500. Lime Fx is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. Lime Fx might ask for additional information on a case-by-case basis.
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For a wider range of asset classes, you might want to look for a different online broker. Lime Fx lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes Lime Fx suitable for beginners. Lime Fx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. Lime Fx operates as a brand of Notesco Ltd which is registered in Bermuda. You can trade on 200+ trading instruments from various asset classes with Lime Fx, including forex, metals, indices, commodities, futures, and shares.
Lime Fx is an online foreign currency exchange broker that was founded in 2010. The company has been a member of the Cyprus Securities and Exchange Commission (CySEC) and is also licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. There is a wide range of stock, commodities and futures available for trading. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.91% 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.
Micro Account
- Your account should reflect your goals, needs, and ambitions on the market.
- This proves its legitimacy, and you can trust it with your data and funds.
- You can choose among Webtrader, VPS Hosting, PMAM, and (our favorite) MT4 trading platforms.
- Lime Fx is a legitimate broker that has been in operation since 2010 and is regulated by several financial authorities.
- Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.
- Where many brokers only offer a few accounts, Lime Fx have a great range of different trading accounts to cater to the needs of many different styles of traders.
We have over 20 years of experience when it comes to trading online so we know what to look for. Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes.
What Can You Trade With Lime Fx?
The broker publishes its in-house materials regularly, and it also incorporates the popular TradingCentral service. Content is available in written and video formats, making it more accessible and easy to grasp. The trading ideas and market analyses are well-researched and with a clear focus. In my experience, the charts screen is probably the most important component of every platform. It is the window through which traders can observe price action behavior and understand where the market might be headed next. Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature.
- Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
- Lime Fx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose.
- To access this feature, you must apply for a bank withdrawal from your client portal.
- It is the window through which traders can observe price action behavior and understand where the market might be headed next.
- Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards.
Customer support via live chat is available in English, French, Spanish, Chinese, Japanese, Korean, and Farsi. Before you connect to an agent, you have to provide your name, email, and account number (if applicable), and choose a preferred language. Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery.
The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform. This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. I checked the usability of Lime Fx’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms. Generally, the accounts are suitable for beginners and advanced traders. Each account type supports swap-free trading via Lime Fx’s Islamic accounts. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.
Lime Fx is a leading forex, commodities, and metals broker, offering trade execution speeds accessible to retail and institutional traders alike. Open a corporate account designed to offer Corporates throughout the world access to global capital markets and strong liquidity through our award winning trading platforms. Lime Fx are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative.
Deposit Methods
Lime Fx provides traders with the MetaTrader 4 trading platform on various devices, including Android, iOS, Desktop, and Mac. This platform is also available on web browsers for traders who prefer not to download external apps. Traders must ensure they execute risk management to avoid magnified losses.
Lime Fx offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs. Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms. Lime Fx is a relatively small FX and CFD broker but it offers its clients access to global markets, various trading instruments, and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000. It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients.
The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal. Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. Lime Fx supports mobile trading via the MetaTrader 4 (MT4) mobile app. This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it limefx website would be contrary to local law or regulation.