The wide selection of powerful trading platforms is one of the biggest selling points of Lime Fx for me. These include the brand’s proprietary Trading Station as well as the popular MetaTrader 4, TradingView, and Capitalise.ai. These currency indices provide a more objective view of a currency’s performance by tracking it against a set of relevant currencies, such as those of key trading partners. These are good options if you want to reduce your risk exposure to a single currency. Lime Fx trails many brokers when it comes to the breadth of forex pairs, with around 40 assets available.
Being a brokerage specialised in currencies, their offering should at least be significantly higher on forex limefx review pairs. Lime Fx charges spreads, withdrawal fees, inactivity fees and overnight fees. NETELLER is a third party online payment provider that allows you to securely send and receive funds electronically.
Overview of Lime Fx Fees and Charges
His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech such as TechRadar and Top10.com. Should Lime Fx go into liquidation, segregated client funds cannot be used to compensate shareholders. Furthermore, if Lime Fx cannot satisfy any repayment claims, eligible UK-based clients can claim up to £85,000 in compensation through the Financial Services Compensation Scheme. It is recommended that all Lime Fx users call the trading desk if they cannot access the internet, they fail to receive a confirmation when placing an order online, or they cannot connect to the Lime Fx servers. On the flip side, two-factor authentication is not available with Lime Fx. There are plenty of order types to choose from on the Lime Fx platform such as market orders, limit orders as well as some order time limits like GTD and IOC.
Because Lime Fx’s spreads revolve around dynamic markets, they can stretch or shrink in response to real-time shifts in liquidity or heightened market news. Generally, major currency pairs—like EUR/USD and USD/JPY—feature more competitive spreads, reflecting the heavier daily volumes they typically attract. Exotic and less liquid pairs, in contrast, trend toward higher spreads. This logic extends to CFDs on commodities and equity indices, whose trading expenses might tighten when volumes are robust but widen at quieter intervals.
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Once you have deposited funds into your account, you can start trading financial instruments with the click of a button. Choose from the supported trading platforms such as MT4 and Capitalise.ai based on your trading goals and preferences. Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more. As you would expect, Lime Fx’s Active Trader account is ideal for active traders as it offers very competitive spreads when compared to the individual standard trading account. For instance, the typical spread for the EUR/USD currency pair is 0.2 pips.
- With its global presence, award-winning customer service, and wide range of products and services, Lime Fx is the perfect partner for any trader.
- In the event of sharp price movements and high leverage, it’s possible to lose more money than is in your account.
- All Lime Fx traders can access the client-service portal via their live trading account login details.
- In addition, Lime Fx keeps the funds of their clients in a segregated account in accordance with UK’s Financial Conduct Authority requirements.
- Our review shows that it is a publicly traded company authorized by major regulatory bodies including ASIC in Australia, MiFID in Europe, and FCA in the UK.
- Tech-savvy traders can use NinjaScripts to develop their custom indicators and trading strategies easily, and the platform also has automated trading capabilities.
In summary, the Lime Fx web limefx scam trading platform is highly customizable, supports heaps of order types, and has a plethora of educational resources from online Live Classrooms, to Free SMS Trade Alerts. As we have already discussed Lime Fx only provides access to CFD and forex trading. So, let’s take a look at the markets and products you can access when trading with Lime Fx.
Lime Fx offers users a near-flawless educational experience that includes training videos, webinars, written content, as well as a demo account with £50,000 of virtual money. The company offers a bundle of great basic forex training lessons, and a considerable video archive full of well-produced, high-quality video lessons. A news feed below the chart adds fundamental analysis to the mix, making this a great all-in-one platform that beginners should find easy to pick up. The addition of preloaded technical indicators and automated trading strategies means that more experienced traders will also find a lot of value in this platform. Yes, Lime Fx account types charge inactivity fees when an account remains dormant for a certain period. An Lime Fx trading account is considered inactive after no trading activity in a 12 month period.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Our research led us to highly recommend Lime Fx for those interested in forex and CFD trading due to its advanced platform offerings and favorable overall experience. It is especially suited for investors interested in algorithmic trading. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be.
Lime Fx is well-suited to a diverse range of forex traders thanks to its competitive spreads, flexible accounts and customizable platforms. With that said, most retail traders will only regularly trade a small selection of currency pairs. For that reason, I don’t mark brokers like Lime Fx too harshly for the more limited offering – as long as your preferred pairs are on the list, you should be fine. We have evaluated more than 400 forex brokers and Lime Fx scores well when it comes to trading fees. As well as priority support, market depth is stronger with multiple levels of liquidity at each price, offering useful information for high-frequency traders. Lime Fx offers competitive spreads that vary depending on the account type and the traded instrument.
The following table summarizes the different investment products available to Lime Fx clients. Their minimum deposit of $50 to start trading is also quite low as compared to others brokers in South Africa. The fees structure is very transparent, we found them to be very competitive with their spread. The Lime Fx Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic trading solutions.
Finally, some of Lime Fx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. The range of products available to you will depend on which global entity under Lime Fx’s Stratos Group houses your trading account.
NETELLER FAQs
All your trades, deposits/withdrawals will be measured in your base account currency. Spread fees start from an average of 1.3 pips for major pairs like the EURUSD and you pay swap fees whenever your trade position is kept open and it rolls over to the next trading day. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Overall, Lime Fx offers several options when it comes to bonuses and promotions that aim to make your trading experience more profitable and enjoyable.
The Lime Fx Rebate Program is ideal for investors who are active in the financial markets. Lime Fx trading accounts use a Tiered Margin system which is based on an entry and maintenance margin as well as a liquidation margin. Furthermore, CFD traders have the option to either go short or long by speculating on the potential price movements of the underlying asset without actually owning it. Lime Fx clients also have the opportunity to choose from top-rated online platforms such as Trading Station, and MetaTrader 4. Expert Advisors are automated programs that are used to manage and trade financial markets based on sophisticated trading algorithms. Perhaps the most attractive feature of contracts for difference trading is that investors have access to leverage.
- Countries range from South Korea, United Arab Emirates to Venezuela.
- Lime Fx has only one account type for retail traders which is the Retail Account.
- The deposit choices Lime Fx offers have been selected to provide the most convenient and reliable options to fund your account.
- The JPN225 index measures the collective performance of the top 225 Japanese companies that are publicly traded on the stock exchange.
- And deposit this $50 in ZAR which will convertedwhile making deposit.
- Lime Fx offers professionally trained customer service agents that are available 24 hours a day, 5 days a week.
Things are looking good for the future reputation of Lime Fx, but it will be a while before it is completely healed. This happened because Lime Fx had a relationship with an important market maker at the time. This concealed relationship led to a conflict of interest between Lime Fx and its users, which resulted in users losing money. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
Whether you’re diving into stocks or currencies, rest assured that your trades won’t come at an exorbitant cost. Moreover, we operate with complete transparency, ensuring there are no concealed fees or commissions attached to your transactions. With Lime Fx, you’ll have crystal-clear pricing information before making any trade decisions.
