However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. The minimum deposit can differ based on the account type a trader opts for – Micro, Premium, VIP, or Absolute Zero. These accounts cater to different trading needs and come with their respective features, benefits, and minimum deposit specifications. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. It is important to carefully evaluate these factors and choose the account type and services that align with your trading goals and financial capabilities.
In addition, they offer a PMAM platform for traders looking to manage multiple accounts. Social trading is also supported, although only via third-party solutions like Sirix Social WebTrader and the Myfxbook AutoTrade platform. Founded in 2010, Lime Fx is an online broker based in Cyprus that also offers Contract for Difference (CFD) trading in over 200 tradable assets. The broker added social trading to its offerings in 2013 by collaborating with third party developers and joined forces with EmurgoHK in 2018 to found the cryptocurrency exchange.
Lime Fx is a leading online trading platform that offers a wide range of financial products, including Forex, CFDs, and commodities. To start trading on Lime Fx, you will need to make a minimum deposit into your account. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations.
He was also polite and patient, taking his time to provide satisfactory answers to my questions. Overall, I assessed that Lime Fx’s customer support is of very high quality. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. Brokers operate multiple entities globally, but regulatory protections vary.
Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). Lime Fx customers can choose from a good range of deposit and withdrawal methods. Lime Fx does not apply deposit or withdrawal fees but third-party fees will apply. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
Lime Fx provides a diverse range of highly informative educational materials in both written and video formats. The broker has published multiple eBooks and hosted hundreds of webinars, along with maintaining a podcast with regular episodes. Its educational content is thoughtfully designed to cater to traders of all experience levels.
Tempting trading conditionsHowever, my attention to Lime Fx was captivated by its outstanding reputation with traders. I also love how cost-effective this platform is, the broker has beginners in mind. Lime Fx also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
This will be more than enough for traders to have trust that their deposited funds with the broker are safe and that they can completely focus on trading. There are limefx forex broker more than 200 instruments that can be traded on platforms run by Lime Fx. From currencies to commodities, all popular types of underlying assets are available.
The maker fee for exchange transactions is as low as 0.20%, while the taker fee is as low as 0.28%. Those fees tend to be higher than average among cryptocurrency exchanges. You can trade forex in lot sizes as small as 0.01, and the broker supports MetaTrader 4 (MT4), which is the most popular platform among retail forex traders. The Lime Fx website itself is translated into 14 languages, which will definitely make it easier for most traders to find information too.
In conclusion, the minimum deposit at Lime Fx starts at $100 for the Micro Account, making it an accessible option for beginner traders. For traders seeking more advanced features, the Premium and VIP accounts require higher minimum deposits of $1,000 and $10,000, respectively. This tiered structure allows flexibility based on a trader’s experience level and capital. Lime Fx’s minimum deposit amounts cater to a wide range of traders, from novices to professionals, making it a versatile choice for different trading goals.
For any withdrawal problems, contact customer support on one of the channels described further below. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. Lime Fx’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading.
Most clients pay away the dealing spread on a transaction when they enter and exit a position. They offer a spread-free account, although it does charge a commission on each lot transacted instead. Potential clients without sufficient knowledge should seek individual advice from an authorized source. The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice.
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 provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero. In order to claim the available Lime Fx bonus offers a minimum deposit of $100 USD, $200 USD, or $500 USD must be made. Offers an https://limefx.group/ unusually broad variety of trading account types that should suit most traders, and traders can register multiple account types. All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline. All of the accounts currently supported by Lime Fx allow dealing in minimum lot sizes of 0.01.
Lime Fx supported devices are practically almost all types of devices dominant today. One can get MT4 for PC and Mac, Android and iOS tablets and also MT4 for mobile phones that run iOS, Android and even Windows Phone. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. However, I also spotted that the broker’s website does not display live spread data.