Global Broker in Forex, Stocks, Indices, Oil and Gold

For traders outside Europe and under the Lime Fx Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform. There are 57 instruments to trade, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. The website suggests that Lime Fx offers 1377 instruments, but the vast majority of these are stock CFDs.

Get the Award-Winning Lime Fx App

When it comes to trust and security, Lime Fx has taken significant steps to establish itself as a regulated and secure broker. Enter the world’s most liquid market with the confidence of having a leading broker at your side. Explore some of our must-have products that keep everyone trading with us time and again. Get started on the MT5 platform effortlessly on your preferred devices. Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. Stay informed with daily market updates and analysis from the Lime Fx Market Intelligence Team.

While Lime Fx provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders. Lime Fx may charge an inactivity fee if your trading account remains dormant scammed by limefx for a specified period (more than 90 days). This fee encourages active trading and helps cover administrative expenses.

Your Gateway to Market Access

Lime Fx’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably IC Markets and Fusion Markets. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher. To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and  Proof of Residence (POR). It allows you to practice trading with €/$/£10,000 in virtual funds and various leverage ratios. Lime Fx also provides negative balance protection and segregates client funds for EU and non-EU customers, helping to safeguard your funds from excessive losses and misuse. Lime Fx offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop users.

Create an MT4 or MT5 account and trade in all your devices

Everyone who chooses Lime Fx has the same opportunity to pursue their investment goals. Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.

• Yet while Lime Fx provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders.
• While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees.
• At Lime Fx the client comes first regardless of net capital worth, account type or size of investment.
• Traders who are new to the game and are cautiously just finding their feet may prefer the option of the Micro Account.
• I’ve found Lime Fx’s customer support responsive, helpful, and professional.
• When holding positions overnight, traders might incur swap rates, also known as overnight fees.

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The number of commodities is underwhelming, with just a total of 15. This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities. Many brokers will have between 20 and 30 different commodities to trade. Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan.

• Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
• Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than Lime Fx Group.
• Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners.
• It is just that Lime Fx counts the various device versions of the same platform.
• Lime Fx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.
• As always, potential traders should conduct thorough research before making their final decision.

Magnify Your Trades

One of the factors that bolstered my decison is the fact that Lime Fx is strictly regulated by several respected regulatory entities, including CySEC.As for the range of assets here, it is really huge here. Lime Fx broker offers a suitable trading environment for both novice and experienced day traders. Its support for MT4/5 platforms, competitive fees, comprehensive educational resources, and reliable customer support cater to a wide range of trading needs. Lime Fx’s fees are reasonable but can be scammed by limefx 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. Beyond trading fees, I encountered no hidden charges while using Lime Fx.

Trading

Please consider contacting a professional advisor if you require any financial assistance. 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.

There is no way of knowing how often, if at all, Lime Fx trades against its clients. On the plus side, we think they have an excellent selection of stocks CFDs, in addition to a decent selection of forex pairs. However, outside of stocks CFDs and forex that we believe that Lime Fx is lacking somewhat, and sometimes significantly so. If you hold a position overnight, you will incur financing charges. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”.