Broker research materials have been neglected, generating the biggest black mark in our review. The free Lime Fx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link.
Traders can earn extra rewards through the Lime Fx Refer-a-Friend program. 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. Lime Fx regularly organizes trading contests and competitions with lucrative prizes, including cash rewards, luxury trips, and high-end gadgets. These contests are open to traders of all experience levels and provide a fun and competitive way to showcase trading skills. Participants can join these events and compete for top spots, earning valuable rewards along the way.
The Absolute Zero Account is an STP account and has no commissions on trades. The minimum deposit required for this account is $500 and once again, clients can register SD, EUR or JPY as their base currency. Lime Fx processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account.
Platforms
The broker’s wide range of CFDs include those based on an extensive list of forex pairs, in addition to commodities, indices, futures and over 100 individual stocks. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the https://limefx.biz/ popular MT4 platforms seems to be the best feature of this broker. Lime Fx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. Lime Fx operates as a brand of Notesco Ltd which is registered in Bermuda.
I traded on Lime Fx during the Brexit…
This platform is stable and support has been helpful every time I have reached out. The cost of trading here is great, there are tight spreads with minimal slippages. The trading conditions are very transparent, they are not trying to hide anything. Asktraders is a free website that is supported by our advertising partners.
Lime Fx Forex Review
In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with Lime Fx is simple, transparent and supportive for all levels of investors. No, each account type has unique trading conditions, including different spreads, commissions, and leverage options.
“I like their demo”
- The broker has published multiple eBooks and hosted hundreds of webinars, along with maintaining a podcast with regular episodes.
- Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
- If you have traded with Lime Fx we would really like to know about your experience – please submit your own review.
- Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
- STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers.
- You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
Traders should review these details to choose the account that best fits their strategy. Lime Fx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
With the high volatility of the crypto market, Lime Fx offers advanced risk management tools to help traders manage their exposure. The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on.
- Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
- You can access these resources by visiting the Lime Fx School Tab on their website, where all educational materials are organized for easy navigation.
- Lime Fx’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades.
- Their team of mentors are real traders and know so much about trading and financial markets.
Also, pricing for most services is slightly higher or on a par with other major forex brokers. The lack of 2-tier platform authentication limefx forex brokers reviews and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go.
Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play.
I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. There is a wide range of stock, commodities and futures available for trading. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
Lime Fx offers daily market news and analysis to keep traders informed about the latest developments in the financial markets. The broker’s team of analysts provides expert commentary on currency movements, economic data releases, and geopolitical events. This information helps traders stay ahead of the curve and make well-informed trading decisions. Lime Fx provides a rich collection of educational articles that delve into various aspects of trading. These articles cover topics such as market analysis, trading strategies, risk management, and economic indicators.
Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. With years of experience, an increasing number of clients and competitive trading conditions, Lime Fx has maintained a great reputation. Our clients are always happy to recommend us to fellow traders and share their excellent Lime Fx reviews. Lime Fx offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero.