In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. According to its LinkedIn page, Lime Fx has been in operation for 15 years and employs over 600 people—both indicators of its stability. After reviewing the broker’s legal documents, I found everything to be in order.
Only verified trading accounts can make deposits or withdrawals, and the payment processor’s name must match the account holder’s name at Lime Fx. Lime Fx offers eight distinct account types to cater to various trading styles and preferences, with most requiring a minimum deposit of $0, making them highly accessible. Traders can choose between Live and STP/ECN accounts, both providing access to the industry-leading MetaTrader 4 (MT4) platform.
Demo Accounts
These allow traders to examine market developments from different angles and exploit the underlying trading opportunities in multiple ways. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. However, Lime Fx broker’s main weaknesses are its lack of offering MT5 trading platform and higher-than-average spreads on Standard (1.6 pips), Premium (1.4 pips), and VIP (1.2 pips). Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- This is not something exclusive to this broker, you will find most have a demo account available.
- Rates, terms, products and services on third-party websites are subject to change without notice.
- The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages.
- The loyalty program is designed to reward consistent and high-volume traders, providing an additional incentive to remain active in the markets.
- Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.
Lime Fx is one of the few brokers that allows traders to choose between fixed and floating spread accounts. It also stands out with its tailored offerings for crypto traders, including a remarkably low BTC/USD spread, the option to use BTC as a base currency, and support for payments via digital currencies. The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups. While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. Lime Fx serves a significant number of clients across Europe, providing services in countries such as the United Kingdom, Germany, France, Italy, Spain, Greece, Portugal, Sweden, Norway, and more. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions.
What instruments does Lime Fx offer?
Lime Fx also offers futures trading, allowing traders to speculate on the future price of assets such as commodities, indices, and currencies. Futures trading is suitable for traders who are interested in diversifying their portfolios and taking advantage of market trends. Lime Fx provides a range of futures contracts with competitive trading conditions and access to advanced trading limefx broker reviews platforms to support futures trading strategies. Lime Fx offers a variety of commodities for trading, including precious metals, energy products, and agricultural goods. Trading commodities can provide traders with opportunities to hedge against inflation or take advantage of global economic trends.
- With access to over 500 instruments, Lime Fx ensures that traders have numerous options to explore and capitalize on market opportunities.
- The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
- Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
- The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.
They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. I think the desktop version of the platform is great for running automated systems (expert advisors) whereas the mobile trading app is perfect for taking the markets everywhere with you in your pocket. Lime Fx provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads.
Fees and Commissions
With over a decade of experience, this broker has built a reputation for providing top-notch trading services to retail and institutional clients worldwide. Lime Fx can now provide you with the ability to run MT4 directly on your Mac without the need for extra add-ons. Lime Fx MT4 Mac is designed with the same features and specs as Lime Fx MT4 for PC. Benefit from the great range of features including advanced charting and one-click execution. Gain access to technical analysis tools to ensure a seamless trading experience from your Mac computer. When deciding which account type to open, traders should consider several factors, such as the products they intend to trade, the trading conditions, and the execution type that best suits their strategy.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Lime Fx offers a variety of account types to cater to different trading needs, including Standard, Premium, VIP, Zero Fixed Spread, and STP/ECN accounts. Each account type has specific features, such as varying spreads, commission structures, and leverage options. If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades. It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times.
What is the minimum deposit in Lime Fx broker?
Lime Fx provides competitive spreads on indices and supports both long and short positions, giving traders flexibility in various market conditions. Lime Fx is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. For traders looking to enter the rapidly growing world of digital currencies, Lime Fx provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins. With the high volatility of the crypto market, Lime Fx offers advanced risk management tools to help traders manage their exposure.
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.
Lime Fx hosts regular trading webinars conducted by experienced market analysts and trading professionals. These webinars cover a wide range of topics, including technical and fundamental analysis, trading psychology, and market trends. Participants can ask questions in real-time and gain practical insights into improving their trading performance. Webinars are suitable for traders at all levels, from novices to seasoned professionals. Lime Fx provides the industry-leading MetaTrader 4 (MT4) platform, favored for its advanced algorithmic trading capabilities and user-friendly interface. While MT4 remains the core offering, Lime Fx has announced that MetaTrader 5 (MT5) will be available soon, further expanding trading options for its clients.
With its headquarters in Cyprus, the broker provides both ECN/STP and Market Maker execution types, catering to traders of all experience levels. https://limefx.club/ A standout feature is the low trading fees available in the Absolute Zero account type, which offers raw spreads from 0.0 pips and minimal commissions. Lime Fx’s competitive trading environment, coupled with comprehensive educational resources for beginners, positions it as a strong choice for traders seeking an industry leader with favorable conditions.
63.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Traders in Australia and New Zealand can also access Lime Fx’s trading services.
If you want to run your platforms 24/7, the Lime Fx VPS is another fantastic tool they provide. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds.
Lime Fx offers an innovative copy trading solution through its TradeCopier platform. This allows traders to leverage the expertise of successful traders or share their own strategies with others. By referring friends or family members to Lime Fx, clients can receive bonuses or cash rewards once the referred person opens an account and meets the specified trading requirements. This promotion encourages traders to share the benefits of Lime Fx with others while earning extra rewards. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs.
Tradable Instruments
This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. After conducting a series of tests, I concluded that Lime Fx’s multilingual customer support is fast and reliable. Compared to the industry average, Lime Fx offers an average number of share CFDs and commodities and a high number of currency pairs, indices, and cryptocurrencies. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs).