An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. Know all the risk and scams with Forex, if you’re against that please refrain from making comments bashing forex trading. Negative balance protection ensures clients cannot lose more than their account balance. As a privately held company, Lime Fx does not publicly disclose its financial information. However, its global presence and regulatory compliance indicate a strong financial standing. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Is Lime Fx a regulated broker?
Lime Fx generally offers competitive minimum spreads, especially on major pairs like EUR/USD and GBP/USD, but is occasionally outperformed by IG Markets and AvaTrade on some instruments. Traders who are new to the game and are cautiously just finding their feet, may prefer the option of the Micro account. This account is great if you are worried about blowing up your balance by making mistakes on the platform such as using the wrong trade size. Once traders gain experience, they can migrate to the Standard account for larger contract sizes. Depending on the Lime Fx entity traders register with, the limefx forex broker broker supports several account options, designed to suit all preferences.
How does Lime Fx’s regulation benefit traders?
Lime Fx offers a unique loyalty program that allows traders to earn bonus points (Lime FxP), which can be exchanged for credit bonuses. The loyalty program is automatically available to all real account holders, and there is no need for additional registration. With a minimum deposit of $10,000 and no leverage, it’s suitable for those looking for stable and long-term stock investments, with the possibility of hedging and specific spread conditions.
These resources help clients develop strong trading strategies and stay updated with market trends. Lime Fx is a multiple award-winning broker that allows its clients to trade forex, CFDs, and real stocks on its MetaTrader platforms. Founded in 2009, Lime Fx has over 1000 trading instruments and multiple account types which are designed for newbies, and experienced and professional traders. Trading tools are also provided to assist the traders with market analyses. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
Lime Fx offers various promotions, scammed by limefx including deposit bonuses and loyalty programs, subject to terms and conditions. Yes, Lime Fx provides VPS (Virtual Private Server) services for its clients, which can help improve trading performance and connectivity. To delete your Lime Fx account, you need to contact Lime Fx’s customer support and request account closure. Lime Fx makes money through spreads on trades and potentially through other fees such as overnight financing charges.
- From a third-party standpoint, Lime Fx’s affiliate program is one of the most competitive globally, offering top-tier commissions, rapid payments, and excellent partner support.
- The Ultra Low account is especially suited for active intraday strategies.
- With its low minimum deposits, tight spreads, and zero commissions, Lime Fx offers exceptional trading value.
- Lime Fx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.
The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection of educational videos, platform tutorial videos, whilst the Lime Fx Live video feed is a service you will very rarely see with rival brokers. Customer support is one area where Lime Fx really will go the extra mile. Lime Fx claims to speak over 25 languages and customer support is available through all the usual communication channels.
Lime Fx Group offers the option of opening Islamic accounts, also known as Swap-free accounts. These accounts are designed for clients who cannot trade swaps due to religious beliefs. However, the broker’s technical support can be inconsistent, as evidenced by customer reviews highlighting discrepancies in service quality.
What are CFDs?
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Lime Fx is a well-rounded broker suitable for traders of varying experience levels. Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading. As always, potential traders should conduct thorough research before making their final decision. We are aware of some negative reviews regarding spread widening and larger-than-expected slippage.
- In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- The data contained in this website may not be real-time and accurate.
- As with traditional standard accounts, 1 lot has a contract size of 100,000 units.
Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Lime Fx’s fees are reasonable but can be bettered at brokers like IC Markets and Fusion Markets. Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs. Lime Fx stands out with low-cost, commission-free trading across its account types. Offering spreads from as low as 0.8 pips, negative balance protection, and swap-free options, it delivers flexible and accessible pricing for traders at every level. The Zero account is the last of the main account types you can open with Lime Fx.
This could be better if Lime Fx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000. The history of growth and stability over the 15+ years of trading gives us confidence in Lime Fx. Although it is not a public company or has a bank attached, we believe they have a strong track record. Looking also at the number of base currencies available, there are 11 to choose from. If you are a trader registered under the Lime Fx Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (i.e. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Over 15 million clients across 190+ countries trust Lime Fx Group as their broker. It delivers ultra-fast execution, transparent service, and exceptional customer support, consistently providing a dependable trading experience for both beginners and seasoned traders. Lime Fx are open and transparent about their overnight financing rates, which is a good sign. Lime Fx state that their rates are based upon the bank market’s tom/next rates plus the Lime Fx mark-up.
Across its Standard and Micro accounts, Lime Fx generates profits from the spread rather than commissions. In contrast, Lime Fx’s Zero account features zero or very low spreads plus a commission on every trade. When holding positions overnight, traders might incur swap rates, also known as overnight fees.
While Lime Fx provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. Overall, Lime Fx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. In certain regions Lime Fx Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly.