So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks.
- Like some of its major competitors, Lime Fx aims to educate its users through various learning resources.
- Each profile on Novoadvisor shows full transparency so investors can decide whether a strategy fits their personal needs and expectations.
- Lime Fx have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account.
- While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal.
ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time. Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace. Lime Fx Online Ltd is a broker based in Cyprus and regulated by the CySEC.
DayTrading.com is committed to helping traders of all limefx scam levels make informed decisions about which broker to trade with. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Lime Fx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies. There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio.
This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates. Lime Fx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. In a world full of trading possibilities, Lime Fx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms.
Demo Account
Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. Lime Fx processes withdrawals within 24 hours of the request being made. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.
Desktop Trading Apps
I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading. The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications.
The broker is most likely to appeal to independent day traders and active swing traders looking to keep costs down while accessing advanced technology and analysis tools. Algorithmic traders may also have an interest in Lime Fx given the ease with which APIs and custom automated trading applications can be connected. Lime Fx is a front-runner among the diverse online brokerages on the market. The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution. 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.
Lime Fx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. 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.
CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform. Doing so will help you know how the fees work and how to apply them.
Is Lime Fx A Good Or Bad Forex Broker?
Our tests show that only a select few brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products. However, limefx forex broker we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
We aim to help you find the best broker according to your own needs. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.
Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. Besides, Lime Fx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly.