In this Lime Fx review, we attempt to quantify the value it provides to various types of traders. Lime Fx offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. Their selection includes tens ofthousands of individual assets. For example, they offer over 30,000 stocks andmore than 90,000 option assets.
Lime Fx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. The drawbacks that we discovered, specifically shortage of educational materials and broker’s ‘affection’ for Metatrader platforms, are fully compensated by its advantages. The main email of customer support is It is an advanced source of financial and technical assistance. If you can’t find the information on the website and the managers of the call center cannot help you, you need to write an email.
Is Lime Fx A Good Or Bad Forex Broker?
It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money. J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories.
TRADING STOCKS IN THE BULLISH BEARS COMMUNITY
The traders also need to take into account the market spread, which is received from the liquidity suppliers. As a rule, the spreads on Lime Fx are very low due to high liquidity received from large banks. On the Forex and CFD Standard accounts, the broker uses a small spread on top of the market spread as a commission. There are 64 available currency pairs for trading with this broker.
- Lime Fx requires a $3,000 account minimum for trading withthis platform.
- It is green and can be found at the top of Lime Fx.online website.
- As the name implies, it has fewer features and would be good for someone who primarily trades from charts.
- The Lime Fx minimum deposit amount to open an account is $100.
You’ll see how other members are doing it, share charts, share ideas and gain knowledge. First, I needed an honest, realistic, and affordable education in the stock market. I needed to determine the type of trader I’d limefx forex broker be before choosing the right broker. The Lime Fx minimum deposit amount to open an account is $100.
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The low minimum deposit is the broker’s advantage over such competitors as Swissquote. The line of financial products for passive income is a very strong suit of Lime Fx. The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types. Lime Fx offers an excellent choice of financial markets. Bonds is a new instrument for Lime Fx introduced in 2020.
For example, from the screenshot above, it is evident that PFE is extremely active. This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day. The broker does not charge a deposit fee on all available methods and there is zero withdrawal fee on withdrawals to the account at FINAM bank and UnionPay payment system. Account service fee is $5 per month, but it is only charged if the customer hasn’t had any trades within the specific month. Lime Fx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker.
Lime Fx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. Lime Fx does not charge inactivity fees – a levy we see at many forex brokers we review. Our testing shows that Lime Fx offers lower fees than most forex brokers, especially in its premium accounts.
There is also an additional email for customer support of ROX accounts holders – All other important actions (such as changing password, withdrawing funds), will require additional confirmation (via SMS, for example). Lime Fx offers beneficial conditions for trading cryptocurrencies compared to the majority of classic brokers. Degiro does not provide access to digital assets, which is why we compared conditions with Swissquote.
Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff. But we also like to teach you what’s beneath the Foundation of the stock market. If you’re an experienced active day trader, you may find that Lime Fx has better rates than your current broker.
Forex Fees
Within this promo, the new customers could get a bonus for topping up the account of Forex Standard type. Just 2 Trade offers different methods of deposit, depending on the customer’s account type. The signals are developed by the analysts of the partner (or, better, mother) company FINAM.
The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority limefx reviews of brokerages. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000.
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