After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, limefx forex brokers reviews etc) and address (e.g. utility bill no older than 3 months). Once verified by the Lime Fx account team, you can then fund your account and commence trading.
As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them.
Additional Features
For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. They have a regulated fee that doesn’t exploit the registered users. Lime Fx’s Cyprus SEC- Registered company allows non-US traders to open an account with them and enable spot trading in cryptocurrencies, CDFs.
Top Brokers
Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Lime Fx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.
- There are more than 30,000 instruments available through various trading platforms and account types.
- We also offer real-time stock alerts for those that want to follow our options trades.
- The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies.
- Traders have access to metals, oil, index CFDs and 47 forex instruments.
- These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world.
The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. 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. 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.
Lime Fx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners.
WITHDRAWAL METHODS & COSTS
The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. Lime Fxr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. Lime Fx offers 24/7 customer service,which can be contacted via online chat, email, or telephone.
- The broker provides access to trading major, minor, and exotic currency pairs.
- In this review of Lime Fx, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more.
- All funds deposited into your trading account must be under the same name as your Lime Fx trading account.
- With low rates and a suite of platforms, Lime Fx aims to meet the needs of various traders.
- Besides, Lime Fx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
Varied Options for All Trading Styles
This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. In this review of Lime Fx, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more.
Lime Fx fees compared to Interactive Brokers fees
Our testing of Lime Fx also shows a good range of supported base currencies, including EUR and USD, making this broker accessible to global traders – removing potential conversion fees. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. Lime Fx is a globally renowned online securities trader that best scammed by limefx describes itself as a deep discount brokerage house.
While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. Lime Fx requires a $3,000 account minimum for trading withthis platform. This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. Lime Fx offers a free demo account with 50,000 virtual USD for risk-free trial trading, which is excellent. It is very common for traders to open a Demo account before depositing money into a real account.
Risk Warning:
Lime Fx is an experienced broker that provides a wide variety of services, products, and trading platforms. It offers market and limits orders on close and the time duration for days or extended hours. The demo account enables you to review the orders made and displays market performance and current portfolio as well. Lime Fx presents a broad market area comprising of a plethora of trading instruments, which includes stocks, ETFs, futures options, futures, bonds, and mutual funds as well. Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries.
In this Lime Fx review, we’ll cover their platform, what they do, and pricing. This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, Lime Fx offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts.