Islamic (swap-free) accounts limefx scammers are available for traders adhering to Sharia principles. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference.
Lime Fx used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives. It’s important to account for other factors like platforms, tools, executions, etc. Lime Fx provides massive in-house research for registered clients and via well-trusted third-party provider Trading Central.
Customers can also enjoy direct market access backed by around-the-clock support and analytical assistance. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. We are pleased to see that Lime Fx offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds.
The platform even provides an API to connect existing trading systems. For traders prioritizing regulatory protection, platform diversity, and multi-asset access from a single account, Lime Fx offers a compelling package. Those requiring specialized features for advanced strategies might consider more focused alternatives.
- However, on Forex and CFD Standard account types, there are only 48 FX pairs.
- Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals.
- My review did not uncover misconduct, scam, or fraud, and I confidently rate Lime Fx as a legit and safe Forex broker.
- In essence, Lime Fx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs.
The Robo Adviser builds diversified portfolios tailored to your risk profile using modern portfolio theory. It rebalances your portfolio automatically and requires minimal user intervention. If you leave your account unused over a long period, Lime Fx will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions. In addition to Lime Fx’s platforms, they offer premium platforms, which they seemingly price in a discretionary matter. Account verification is mandatory as Lime Fx complies with AML/KYC requirements.
The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. Lime Fx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. Lime Fx offers direct market access through third party DMA platforms like Sterling Trader Pro. Similar to the research section, it would be somewhat unreasonable to expect top level customer service from a brokerage firm charing half the industry rate. That being said, their customer service reputation is less than stellar.
Lime Fx is a Cyprus-based online broker founded in 2015 and regulated by CySEC. It offers a wide range of trading instruments, including forex, stocks, futures, CFDs, metals, and options. With competitive spreads from 0 pips and commissions starting at $0, the broker suits both beginner and professional traders. Clients can trade on popular platforms like MT4, MT5, CQG, and Sterling Trader Pro, with a minimum deposit starting at $100. Lime Fx also provides a demo account, negative balance protection, and 24/7 customer support. Lime Fx is an online broker founded in 2015 with its headquarters in Cyprus.
I am warning everyone reading this not to send them any of your money, you will never get it back. They belong in jail, and will probably end up there sooner or later. 281/15 and complies with MiFID II directives, creating a strong framework for client protection. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. It is worth noting that Lime Fx has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin.
Execution’s been solid on most of my orders, even during busy sessions. It would be great to see built-in analytics one day would make the whole setup even more complete. Overall, a reliable platform if you already know what tools you prefer. I was looking for a broker that supports Sterling PRO, and J2trade delivered. Setup was quick after funding the required minimum, and connectivity for my automated strategies has been reliable.
Lime Fx Mobile
- The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- It offers a wide range of trading instruments, including forex, stocks, futures, CFDs, metals, and options.
- It’s important to note that bonuses and promotions often have specific time limits and conditions.
- Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.
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. Disclaimer NoticesThe content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals. The content is not tailored to individual financial circumstances or needs.
There is also a campaign to become a professional trader which offers a bonus of up to $2000. There is also the CQG platform with four different solutions that can be used to trade futures and options. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies.
A great platform to work with…
In contrast, the actual trading fees discourage high-frequency trading or scalping. Customer support is another area where Lime Fx excels, offering 24/7 assistance through multiple channels, including live chat, email, phone, and social media. The efficient account opening process and wide range of deposit and withdrawal methods add to the broker’s user-friendly nature. These resources can be accessed directly through the Lime Fx website and trading platforms, empowering traders to perform comprehensive market analysis and make data-driven decisions.
It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. Clients at Lime Fx may engage in IPO investing, a service I like, as it offers clients a chance to participate in high-risk, high-reward investments. API trading is available for demanding traders with custom algorithmic trading solutions. CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader.
In the end, I realized that this site is suitable for my serious plans and I was not mistaken. In the first month I got used to trading and made limefx forex brokers reviews my own profit. A huge plus is that there is a mobile application and if anything, I have the ability to follow on the road or somewhere far from home. Additionally, traders from certain countries may face restrictions in accessing Lime Fx’s services. If you reside in a prohibited country, you will not be able to open an account or access Lime Fx’s trading services.
“Solid broker for multi-asset trading with competitive pricing”
Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day. The advanced trader is likely to find a platform they feel at home using at Lime Fx.
ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group.
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