It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. Lime Fx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. Lime Fx has solid trading platforms and competitive commission fees. Lime Fx provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data.
VPS Services to hide online IP address, hedging service to use trading instruments strategically along with Trading from Chart, Promotions, Trading Signals, Email Alerts, and many more features. Spread charges and minimum lot charges are also crucial charges to consider as these charges vary on the trade size for different accounts. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
The directive contains measures for the organisation and functioning of https://limefx.name/ investment firms, facilitating cross border trading, while creating strategic opportunities. When comparing alternatives, users highlight several key differentiators. On pricing, Lime Fx consistently ranks favorably against full-service brokers but faces stronger competition from other discount brokers for lower-volume traders. The crypto trading fee structure features a flat 0.35% transaction fee, which many reviewers note is higher than specialized crypto exchanges. Users particularly appreciate the ability to purchase crypto with credit/debit cards or bank transfers, though a 3% fee applies for bank wire transfers. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for.
We will help to challenge your ideas, skills, and perceptions of the stock market. Every day people join our community and we welcome them with open arms. Each day we have several live streamers showing you the ropes, and talking the community though the action.
With its regulatory oversight, Lime Fx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, Lime Fx is for the pragmatic trader seeking simplicity and efficiency.
Lime Fx Virtual Trading or Demo Account
Lime Fx’s minimum initial deposit is somewhat for the industry at $2,500. Once an account is opened, clients must maintain a balance of at least $2,000 or else their capability to trade ceases until they deposit more money. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Our evaluation of Lime Fx shows there are limited trading promotions for retail traders.
- Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries.
- No, Lime Fx does not apply any charge for canceling the order.
- There are also withdrawal fees with this account, reducing its appeal.
- Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
- They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity.
Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips. The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. The Forex demo account at Lime Fx isdesigned for traders who are limefx new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. Lime Fx ensures its traders have a robust set of tools at their disposal.
Forex Fees
Lime Fx is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees. You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity. I like how they take an individual approach to each client regardless of your investment size and have 24/7 support.
However, higher ratios are available for professionals, thereby proving its efficiency and its status as a trusted trading platform. This browser-based platform has some powerful features which are similar to level II data. They both get used to their vast customer-supportive designs and excellent functionalities. It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices. Lime Fx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders.
- On the other hand, there’s a 2 USD commission per traded lot per side.
- Each account type features different commission structures and platform access.
- Lime Fx is an online broker that gives you access to a full range of trading products, services, accounts and platforms.
- The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
- “We have specialized in providing high-tech brokerage solutions,” says Mr. Georgios Argytakis, CEO of Lime Fx.
What they lack in research and infrastructure, they make up for in low fees. You could use profit calculator tools to predict a trade’s profitability and outcome based on commissions. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC).
What is Spread at Lime Fx?
There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.
During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. As discussed already, the minimum balance for keeping an account open is $100. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working.
Indices trading on Lime Fx
The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” Lime Fx lists the ideal platforms. Since the Forex ECN trading account is for professional traders, commission charges of $3 per lot are applicable to access this account. Compare the services, trading tools, charges, and offering with other competitive brokers and take a suitable investment decision.
Who can open an account with a Lime Fx Forex broker?
We aim to help you find the best broker according to your own needs. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option. Lime Fx is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). Indices follow the performance of baskets of stocks and are perfect indicators of the health of certain industries or economies. For instance, the FRA40 follows the performance of the top French company shares.
That being said, the platforms built-in tools should be more than enough for most traders. And while the choice of instruments is great with Lime Fx, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from. As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. One of the best things about Lime Fx in our opinion is the very big selection of trading instruments it offers. And unlike many other brokers, this includes not only CFDs and forex pairs, but also actual futures contracts, options, and stocks that can be traded directly from the relevant exchange. The broker’s self-service resources receive generally positive mentions, with users appreciating the detailed FAQ section and platform demos.
Withdrawal fees are charged depending on the method of withdrawal the trader uses. “By automating all routine operations, we’ve eliminated errors related to the human factor,” adds Mr. Argytakis. The spread charges vary depending upon what type of account you hold and the size of the trade. Yes, Lime Fx is safe to trade for both new traders and professional traders. The traders can trade via web browsers or mobile applications to trade in forex instruments. The first step is to open a trading account to browse the Lime Fx website and visit the account opening page “Secure Account Opening”.
Is Lime Fx a good broker?
The platform’s automation tools have enabled the company to optimize processes, increase operation speed and accuracy, and reduce risks. Most importantly, with this service, Lime Fx is now solving more tasks with the same resources, without additional budget or time costs. Lime Fx offers a tight spread as low as 0.0 pips to the trading accounts suitable for professionals. On a live trading account, the trader can choose out many trading platforms to trade with. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.