I am glad that they have not offered any cryptocurrencies for trading, and let’s be honest about it… If you trade crypto, it is always better to do so on platforms specialised for digital instruments. Three months already passed since I switched trading with Lime Fx and this is enough time to have and share an objective review of the platform.This is a decent and competitive brokerage. It is a reputable platform that can be a great fit for seasoned traders.
Can US residents open accounts at
Clients of the brokerage firm can only take positions on precious metals like gold, silver, platinum, and palladium. Unfortunately, traders will not have the opportunity to trade CFDs on base metals like copper, nickel, or zinc, among others. Foreign exchange trading has exploded in popularity because of the greater trading opportunities it gives and because of its high liquidity.
Deposit & Withdrawal Fees
- In addition,client funds are kept in segregated accounts in top-tier banks, and their personal information is guarded under SSLencryption.
- The swap fee is a percentage of the underlyingasset’s price and varies depending on the currency pair and other parameters.
- Traders will get instant access to advanced charting and indicators and trade CFDs on the MetaTrader4 platform or while using WebMetaTrader, which also provides a user-friendly interface and full functionality.
- Lime Fx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility.
Traderscan trade CFDs on global spot indices with Lime Fx, such as the Aussie 200 orthe German DAX, and more. Traders can enjoy low margin and take advantage ofthe volatile markets. Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. This firm may be providing financial services or products without our authorisation. You should avoid dealing with this firm and beware of potential scams.
What are Lime Fx’s spreads?
Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Cent accounts might be better suited for total novices, and they have a lot in common with live accounts. The most obvious difference, however, is that dollars are denominated in cents. Thus, if we suppose that traders add $100 to their accounts, this amount will be converted into 10,000 cents. As you might expect, USC is the only currency you will be allowed to use if you settle on this account type. The base currencies in which traders can register their accounts are not that many as they can only go for USD, EUR, and GBP.
Is Lime Fx a Legit Broker?
However, spreads may vary depending on the type of tradingaccount and the market conditions. While no trading platform is entirely risk-free, Lime Fx’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders. Lime Fx offers a versatile choice of spreads, limefx scammers which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders.
support by sending an email to support@Lime Fx.com .
Last but not least, Lime Fx’s customer support department is up to the highest standards, as the agents are responsive and fully prepared to answer all questions you might have. Lime Fx allows its clients to use a number of time-efficient and convenient deposit methods like Visa, Mastercard, and Maestro-branded debit and credit cards, Neteller, Skrill, and Paysafecard. Other payment methods traders can use to transfer money to their accounts are Sofort Banking, Rapid Transfer, bank transfers, Apple Pay, Perfect Money, open banking, and cryptocurrencies. Whatever traders’ experience is, they can start exploring trading opportunities while they are out and about after they scan the QR codes that are available on the brokerage firm’s website. Traders can also download the apps from the App Store or Google Play for free.
Traderscan also modify their trading strategies according to market conditions inreal-time. Lime Fx offers a wide range of tradableinstruments, including forex, metals, commodities, indices, shares, andfutures. This allows traders to diversify their portfolios and manage riskbetter. Regardless of the version you choose to use, Lime Fx’s focus on the user experience has resulted in a seamless user experience. Each desktop and mobile app version has a range of movable features that let users customize the trading platform to suit their particular needs and preferences.
Thereal-time push notifications feature helps traders to stay informed and makebetter trading decisions. Overall, the MT4 platform provided by Lime Fx is anexcellent choice for traders looking for a reliable and user-friendly tradingplatform. TheMT4 platform offers a user-friendly interface that can be customised accordingto individual trading styles. This feature allows traders to customise the lookand feel of the platform according to their personal preferences. The major currencypairs are available, including EUR/USD, GBP/USD, USD/JPY, GBP/JPY, and more.
Since traders will speculate on the price movements of these precious metals with CFDs, they will not take physical delivery of the underlying asset. The platform also provides sophisticated toolsfor each instrument, allowing traders to analyse the markets and make informeddecisions when trading. With 300+ trading instruments available, Lime Fx is oneof the best platforms for traders who want to diversify their portfolios.
The processing time varies depending on the payment method and is free for deposits and withdrawals. Lime Fxprovides 24/5 multilingual customer support in over 30 languages. The customerservice team is well-trained and knowledgeable to help traders with all theirqueries. Traders can contact the customer support team through email at , and their team will reply within 24 hours.
Thecustomisable interface makes it easy for traders to manage their trades andmonitor the markets. This feature also makes it easier for traders to switchbetween https://limefx.biz/ different markets and instruments. These orders allowtraders to customise their risk management strategies and manage their tradesmore effectively.
This feature allows traders to take advantage of thevolatile markets and maximise their profits. Tradersalso have access to a wide range of expiry dates, and they can trade futuresdaily, weekly, or monthly. Moreover, the broker offers a wide range ofeducational materials to help traders understand the market better. Offering a secure trading environment with no requotes and fast execution, MetaTrader 4, which is also known as MT4, is an online trading platform that can suit the requirements of experienced traders and total novices. Being among the best ways to extend their portfolios and add more stability and less volatility, metals trading is one of the most hugely preferred instruments. Lime Fx allows its clients to take long and short positions on the price of precious metals and buy or sell CFDs with competitive spreads.
Forex traders can trust Lime Fx’s platform forsafe and secure trading. For traders, Lime Fx also provides a negativebalance protection policy, ensuring that their margin balance does not go belowzero. This protection ensures that traders do not incur extra debts whilelosing trades. It’s essential to note that the same payment method used for deposits must also be used for withdrawals. This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. The customer service team is prepared to offer you an unmatched degree of assistance by answering all your questions.
In addition, the MT4 platformprovides traders with comprehensive trading tools and features to create theirtrading strategies. The Lime Fx platform offers 80+ currency pairs to trade with tightspreads and no hidden fees. Some major currency pairs like the EUR/USD,GBP/USD, and USD/JPY are offered with spreads as low as 1.2 pips. Lime Fx, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority. Lime Fx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility.
Theone-click trading feature is excellent for traders who need more time to placeorders manually. This feature allows traders to open and close trades in justone click. Thebroker also offers 24/5 multilingual customer support to answer all queries. Thecommodity market is highly liquid, so traders will never have to worry about a lackof trading opportunities. The broker offers CFDs onfutures such as commodities, currencies and indices. Inaddition, the broker offers round-the-clock customer support in case of anyqueries.
Foreign exchange, the world’s most common transaction category, is also offered by Lime Fx. FX markets enable flexible trading because there are no restrictions on trading volume. Many participants in the foreign exchange market might benefit from the likelihood of making gains by analysing the price movement of trading assets, currencies, and securities. Whiletrading CFDs on shares, traders can take advantage of highly volatile marketsto increase their profit potential. CFDs on commodities offerlots of trading opportunities due to their low or negative correlations.
