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. Please consider contacting a professional advisor if you require any financial assistance. Lime Fx claims to speak over limefx forex broker 25 languages and customer support is available through all the usual communication channels.
Market Analysis
All accounts offer negative balance protection, hedging and Islamic option as standard. If the currency you deposit into limefx reviews your account is not USD, the amount shown is the equivalent in the deposit currency. Reduce your costs with low spreads and even lower swap fees and commissions. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.
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).
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.
Experienced Trader?
In addition to the US and Canadian stocks, there are equities from 14 European countries, Brazil and Russia. Conventionally, a broker’s regulatory quality is judged by the notion that the more licenses they hold, the better. Lime Fx has been gradually expanding its regulatory licenses over the years.
- The broker also has a solid presence on social media platforms, with profiles on Facebook, Instagram, X, YouTube, LinkedIn, and TikTok.
- Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4.
- BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.
- Lime Fx’s Ultra Low Account, available across several entities of the broker, is ideally suited to the needs of high-volume traders who prioritize cost-efficiency.
- We consider six months or sooner to be bad, while 18 months and above is generous.
- These need to be measured by how long your account can remain dormant before being charged a fee, and, secondly, by how high the fee is.
Instant Execution
There are 14 indices to trade, including major indices, such as Dow Jones, NASDAQ, and S&P 500, among others. Additionally, the brokerage offers thematic indices, allowing exposure to various sectors, such as electric vehicles, AI, and blockchain. Compared to rival brokers, Lime Fx charges inactivity fees very quickly, however not as expensive as other brokers. With Lime Fx, inactivity charges kick in after just 90 days of the account being dormant. We consider six months or sooner to be bad, while 18 months and above is generous. Depending on the Lime Fx entity traders register with, the broker supports several account options, designed to suit all preferences.
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.
Lime Fx’s Standard account gives traders access to all the available instruments with zero commissions. There are as many as 11 base currencies to choose from and a $5 minimum deposit. As with traditional standard accounts, 1 lot has a contract size of 100,000 units.
- Overall, we believe that Lime Fx scores fairly well but not great on fees.
- There is no way of knowing how often, if at all, Lime Fx trades against its clients.
- If you hold a position overnight, you will incur financing charges, often referred to as swaps or rollover fees.
- Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker.
Boost the potential of your trades with leverage for traders of all levels. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Lime Fx TV is a great addition for videos whilst podcasts are also now on the site. Lime Fx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey.
In addition to these advanced solutions, the broker offers its Lime Fx App, available on the App Store and Google Play. The broker also has a solid presence on social media platforms, with profiles on Facebook, Instagram, X, YouTube, LinkedIn, and TikTok. Enjoy a premium experience designed for seasoned traders with rewarding benefits including access to the widest selection of advanced trading tools available. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that Lime Fx does not charge for withdrawals beyond the first one helps to keep costs down for the trader. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading.
The following table shows how Lime Fx measures up against some of its rivals across the most widely traded forex pairs. Signing up to join Lime Fx is fairly quick (in under 15 minutes) whilst the account verification can take 24 hours. Notable countries that traders will not be able to sign up from include the US, Canada, China and Japan. Experience ultra-fast order execution with no requotes or rejections. Watch our educational live webinars and upgrade your trading skills with our Lime Fx experts.
