Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Forex market hours are flexible and allow traders to trade currencies 24 hours a day, five days a week, except weekends. Taking advantage of this unique feature, when one market closes, another remains open, increasing therefore the liquidity available in currency markets. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders.
Account funding at Lime Fx
- You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry.
- The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates.
- He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
- Please consider our Risk Disclosure.This website is owned and operated by Lime Fx.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. 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. It offers beginner education videos and general education on forex and CFDs. Based on limefx broker reviews its rating for education and beginners, it provides an average educational experience. The minimum deposit at Lime Fx is $50 for most accounts, except for the Zero Spread option, which requires $500.
MetaTrader4
Processing times depend on the geographic location and the payment processors, which Lime Fx lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Today, Lime Fx continues to solidify its position in the trading industry, governed by transparency and a deeply held commitment to its clients. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
Trading Platforms
The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. TradeCopier is an innovative platform that allows you to become a Strategy Follower and copy the strategies of top-performing traders to expand your portfolio. Ideal for beginners or traders who don’t have enough time to monitor the markets, TradeCopier allows you to automatically copy the strategies of expert traders. This website is not directed at UK residents and falls outside the European and MiFID II regulatory framework, as well as the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook.
Notesco Limited is registered in Bermuda with registration number and registered address, Ground Floor, Swan Building 26 Victoria Street, Hamilton HM 12 Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). STP swap value is calculated based on the rates we receive from various LPs plus mark-up and as a result it changes frequently to reflect market conditions.
Lime Fx is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider limefx courses scam the limitations.
Lime Fx: Solid Trading
I like the trading environment at Lime Fx in the Absolute Zero account due to its competitive trading fees. Lime Fx is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with. Lime Fx offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. 2 The swap value depends mainly on the level of interest rates and the interest of the Company for having an open position during the night. The exchange is automatically converted to the base currency of the trading account of the client.
Trade CFDs on numerous FX pairs and benefit from tight spreads, fast order execution, highest volumes and liquidity. EUR/USD, USD/JPY and GBP/USD are the most popular and liquid among major currency pairs. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. The Lime Fx trading platforms are designed to facilitate a practical, powerful and efficient trading experience. Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes. Our team of expert in-house developers has designed this platform specifically for Multi Account Managers such as professional traders and investment portfolio managers.
Foreign exchange trading, or simply forex, is the world’s largest financial market with over $5 trillion in daily trading. Investors include banks, large institutions and individual traders from all around the globe.Lime Fx offers you the ability to trade forex through our bespoke and multi-award winning forex trading platforms. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Explore the safest trading environment with fast execution and no requotes.
There is a multitude of available trading platforms with distinct features, focusing on different methods of trading or specific financial assets. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Lime Fx, founded in 2010, is a forex and CFD broker regulated by multiple authorities, including ASIC, FCA, and under MiFID regulations. While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market.
You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry. The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates. The Foreign Exchange Market, also known as Forex or Currency Market, is a global marketplace where currencies are traded. People participating in forex trading can either buy, sell, exchange or speculate on currency pairs such as EUR/USD and GBP/USD and eventually towards what you believe could potentially be more profitable.