Category Forex Trading

This means that trading 1 lot of EUR/USD is the equivalent of $10 per pip. The leverage you can use will depend upon the entity (and therefore regulatory jurisdiction) that you have opened your Standard account under. Launched in 2009, Lime Fx is a global and regulated broker, offering perfect conditions to unfold your trading potential. Opening an account is a matter of minutes, with several account options, varying across the different broker entities.

The Shares account (only available to Lime Fx Global) needs a minimum deposit of $10,000. It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker. Brokers generally want you to keep trading, so when an account becomes inactive, they may start charging inactivity fees.

We were satisfied by the availability of human support, which is an excellent feature for novice traders. It is difficult to think of what they could do more to support their customers. There are 100 to choose from and are all major US, UK and German companies. Traders who are new to the game and are cautiously just finding their feet, may prefer the option of the Micro account.

• It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker.
• 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.
• Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
• Explore the global currency markets with uninterrupted trading opportunities.
• 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.

These charges can result in either a gain or a loss and vary depending on the instruments being traded and the day. They are based on “tom-next rates”, or the interest rate differential between the two currencies involved. 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. Take advantage of our promotions and demo account to practice risk-free. Master the markets with insights from our team of more than 70 expert educators and free educational resources.

For this privilege, traders pay a commission of $3.5 (per lot per side) for every 1 lot traded, or $7 per round trip. The commission is on top of the very tight spreads, starting from 0.0 pips on major currency pairs. (See Trading Costs for a comparison of the spread versus commission account models).

Looking also at the number of base currencies available, there are 11 to choose from. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. After a 90 day dormant period an inactivity charge is levied at $15 per month (you lose all bonuses or promotional credits).

Trade Execution

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. Start trading on one of the best multi-asset platforms in the industry and leverage the power of limefx courses scam 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.

Open Your Account

Nobody does more to provide you with what you need to maximise your trading potential. Explore some of our must-have products that keep everyone trading with us time and again. Stay informed with daily market updates and analysis from the Lime Fx Research Team. Enter the world’s most liquid market with the confidence of having a leading broker at your side. There are nearly 1300 individual stock CFDs from 18 countries around the world.

The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there are also push notifications for trading alerts. Furthermore, there are other notable countries, such as Canada, Japan, and China, where traders are restricted from trading with Lime Fx.

Create an account, download your preferred platform, and start trading with a global broker trusted by millions. Your trading account synchronizes across all devices, allowing you to start a trade on your desktop and monitor it on your mobile. Trade with a multi-regulated broker that has built long-standing partnerships
with top global banks to ensure your funds are always secure. The next-generation MetaTrader 5 platform with enhanced features, more timeframes, and access to a wider range of markets.

Our main objective is to help readers make better-informed decisions when choosing online brokers scammed by limefx and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. Lime Fx claims to speak over 25 languages and customer support is available through all the usual communication channels.

However, with the zero spread account, you will pay $3.5 commission per standard lot (100,000 units) traded per side. This commission is paid when you open and close positions, totaling $7 per round trip. Lime Fx is a group of entities operating globally under the umbrella of the parent company Trading Point of Financial Instruments Limited. The company was founded in 2009 and in just 16 years, it has attracted over 15 million clients from 190 countries all over the world. The broker prides itself on having executed over 10.3 billion trades with zero requotes or rejections.

Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. Overall, we believe that Lime Fx scores fairly well but not great on fees. The spreads are not the best you can find, but trading costs can be reduced with the Zero account. If you hold a position overnight, you will incur financing charges, often referred to as swaps or rollover fees.

This could be better if Lime Fx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000. The ASIC regulation is top-tier and means that Lime Fx needs to run a responsible, ethical and professional company to service its clients. 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. If you are tight for time, here are some of the important features that we like about trading with Lime Fx.

• Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners.
• Join over 5 million traders worldwide with Lime Fx – an award-winning forex and CFD broker offering exceptional trading conditions and 24/7 support.
• Dealing desk brokers can manage the risk of their clients’ trades in two ways.
• There is also a withdrawal priority procedure if you have funded the account by different methods.

Enhance your trading experience with the world’s most popular platform and Lime Fx’s industry leading execution. Explore the global currency markets with uninterrupted trading opportunities. Upon reviewing the broker’s selection of supported markets, we noticed a lack of ETFs, options, and bonds. Cryptocurrencies and Turbo Stocks are available in specific jurisdictions.