Entry-level data is free of charge, while premium data comes at a (reasonable) price. Once you have deposited funds into your account, you can start trading financial instruments with the click of a button. Choose from the supported trading platforms such as MT4 and Capitalise.ai based on your trading goals and preferences. Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more. As you would expect, Lime Fx’s Active Trader account is ideal for active traders as it offers very competitive spreads when compared to the individual standard trading account. For instance, the typical spread for the EUR/USD currency pair is 0.2 pips.
Lime Fx Trading Platforms
As well as priority support, market depth is stronger with multiple levels of liquidity at each price, offering useful information for high-frequency traders. Also, MetaTrader 4 users can automate their trading using “expert advisor” or EA software they can program themselves or obtain from third parties. Since 1999, Lime Fx, has been a pioneer in developing online forex offerings for retail traders.
The trading apps can be downloaded from the Google Play store or Apple store. The Trading Station Mobile platform lets retail traders quickly and easily access the forex market. Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground limefx scam up to function beautifully on mobile devices.
Opening an Account
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive limefx research and decades of collective experience covering the forex industry. Lime Fx’s pricing for forex trading is slightly higher than the industry average. All financial transactions occur in the secure back office of Lime Fx, MyLime Fx.
How long does it take to withdraw money from Lime Fx?
The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices. Lime Fx caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction. I like that Lime Fx invested heavily into its algorithmic trading environment, and I rank it among the industry leaders in this category. He engages with several online communities and channels to keep up to date with industry developments and ensure that hos work reflects current market conditions.
Popular Forex Reviews
Market analysis tools consist of the standard tools most brokers offer. This includes an economic calendar, live forex charts, and the latest market news. They are a broker who have been around for years and are regulated in multiple jurisdictions which gives me comfort that I can trust them with my funds.
- The 1st tier ranges from $10 to $25 million traded per month and pays $5 per million, while the 5th tier pays $25 per million if you traded a minimum notional amount of $300 million per month.
- You certainly won’t be short of inspiration for trade ideas with this broker.
- This price is displayed on the trading platforms for clients to see.
- I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings.
- Yes, Lime Fx is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa.
Feras Eid was the one who helped me in each and every process, he is a pure gem for this company, mind blowing. He got me to transfer funds to another exchange and gave me a bonus too.Wish you luck!. Yes, based on your detected country of BG, you can open an account with this broker. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. When it comes to placing order types this is a straightforward process that mirrors the web platform.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts.
Therefore, if Bitcoin is trading at $30,000 then 1 contract of BTC/USD would be priced at $300. Trading cryptocurrency CFDs with Lime Fx appeals to many traders as they can control their position sizes with small contract sizes. For example, a single contract of BTC/USD at Lime Fx is the same as one percent of the underlying price of Bitcoin. Expert Advisors are automated programs that are used to manage and trade financial markets based on sophisticated trading algorithms. As we have already discussed Lime Fx only provides access to CFD and forex trading.
All because I cannot log on using my Lime Fx details, NT have checked log and trace files and the issue is with Lime Fx. But do you think they could sort it out, not a chance, in the end I asked for a new account but am considering not bothering at all them. The communication with Daniel D was prompt and helpful advising that my matter would be escalated due to the time taken for my account to be activated. Lime Fx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its Lime Fx YouTube channel.
All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but Lime Fx’s instrument list lacks depth, especially in its range of stocks. These currency indices provide a more objective view of a currency’s performance by tracking it against a set of relevant currencies, such as those of key trading partners. These are good options if you want to reduce your risk exposure to a single currency. This level of regulatory scrutiny brings stringent requirements and compliance checks, ensuring that UK and Australian traders in particular will be well covered. Traders who register with the FSCA branch will be able to access higher leverage, though the regulatory oversight is not quite as strong.
Lime Fx’s Standard account is commission-free, with costs embedded in the spreads. However, the Active Trader account offers tiered commissions with potential savings for high-volume traders. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an Lime Fx subsidiary outside of the United Kingdom.
The Lime Fx economic calendar lists the global economic events that affect the prices of trading instruments. You can search for events and compare analysts’ consensus with previous records. I like how you can easily filter the news to only display that which matters most to you. I think the calendar is a vital tool to make sure that you are aware of any pending news releases that can impact your positions.
In keeping with its strong reputation as a free trading platform, you can trade cryptocurrency CFDs commission-free with zero exchange fees as the trading costs are built into the spread. As such you can expect to invest in 40 different currency pairs, stock index CFDs, stock CFDs, commodity CFDs, and crypto-derivatives. Does this raise the question as to why CFD trading appeals to investors?
Java API, a wrapper SDK of FIX API, provides clients with a fully functioning programmable API into the Lime Fx trading platform. It includes live streaming prices and historical prices for live trades. It is scalable, light and robust and is compatible on any Java-compliant operating system. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking.