He has a Masters and Commerce degree and has an active role in the fintech community. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all Lime Fx clients. Lime Fx has a trust score of 78, from its regulation, reputation, and reviews.
Professional Account
The company has over 10 international offices and more than 25 industry awards. In particular, I would recommend Capitalise.ai for users interested in algorithmic trading but that don’t have coding skills. You can enter instructions in text form and the tool will sort the coding for you. All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but Lime Fx’s instrument list lacks depth, especially in its range of stocks.
Furthermore, Capitalise AI’s compatibility with this broker empowers traders to leverage market opportunities through sophisticated yet uncomplicated tactics. It draws many due to the sophisticated automated trade functions supported by Expert Advisors (EAs) and its ability to handle multiple order types seamlessly. The expansive charting selections alongside customizable indicators in MT4 simplify thorough market analysis processes. This setup is especially, useful for those seeking a professional market evaluation by leveraging the collective expertise offered by other traders’ insights and technical analysis functions. The platform expertly blends robust tools with an active community of traders who regularly share trade ideas and strategies, resulting in a mutually beneficial trading environment.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. The Lime Fx economic calendar lists the global economic events that affect the prices of trading instruments.
Lime Fx User Experience
The trading hours for CFDs on stocks, indices and commodities may vary depending on the specific market. For example, indices like the S&P 500 or the FTSE 100 will have trading hours that correspond to the opening hours of the underlying stock exchanges. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions. These amounts are the absolute maximum leverage on offer, but they may vary according to the asset traded, with more volatile assets generally providing lower amounts of leverage. Overnight costs are also applied for positions held after 10 pm GMT, but this is industry standard.
This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. Lime Fx does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads. ✅Free Online Live Classroom – The broker provides live online lessons to help traders learn straight from market pros.
Forex Tools
There is also a rebate program that allows cash rebates depending on the volume you trade, which is a perk for active traders. Lime Fx offers a free demo account for traders to practice trading in a risk-free environment. Overall, I find their educational tools to be very useful, and I appreciate the chance to access them with a few clicks on the broker’s website. Lime Fx offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements. The range of markets available with Lime Fx is quite broad however you can find other brokers that offer more choices for each financial instrument.
Deposit and Withdrawal
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. If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with Lime Fx’s active trader account are cheaper than they may appear when you compare with other brokers as Lime Fx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison. This is Lime Fxs offering to all clients who don’t qualify as an Active Trader.
One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders. This is available to all clients who choose to trade on the MT4 platform. The free VPS is provided to high volume traders who have traded up to 500K per month in the last 3 months. Lime Fx has partnered with two renowned VPS providers to bring this service to its clients.
ZuluTrade is a platform for social trading that empowers traders to discover and duplicate the tactics of proficient traders. It fosters a community-based trading method where users can benefit from the collective knowledge of seasoned market experts. This distinctive attribute brings algorithmic trading within reach of a more extensive user base.
- This synergistic atmosphere is an excellent resource for individuals seeking improvement in trade performance via insights gained from other knowledgeable peers within the broker’s framework.
- Lime Fx’s pricing for forex trading is slightly higher than the industry average.
- However, the Active Trader account offers tiered commissions with potential savings for high-volume traders.
- Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay.
- I have tried other Forex companies but will now only trade with Lime Fx.
MetaTrader 4
Yes, Lime Fx is regarded as a safe broker, since it is authorized by respectable financial regulators worldwide and implements stringent security measures to secure customer assets and personal information. The trading instructions are accessible on their website and include subjects ranging from forex basics to sophisticated trading tactics. Yes, the broker periodically alters leverage and margin limits in response to market circumstances and regulatory guidelines.
Lime Fx Group is a global leading provider of online Forex, CFD and other trading related services. With this in mind, Lime Fx’s mission is to provide increasing levels of quality pricing, transparency and execution services to its traders. Lime Fx offer many different platforms to suit your trading needs, including the limefx scam popular MetaTrader 4 platform and their very own proprietary Trading Station. When you open an account with Lime Fx, you can choose to trade from any platform which is great. It means you can seamlessly access and manage your account across all platforms depending on what is most convenient for you at the time.
However, the Active Trader account offers tiered commissions with potential savings for high-volume traders. Experienced Australian forex traders that require a very specific niche forex platform should consider Lime Fx. Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders.
Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay. While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each limefx scam month. An Lime Fx No Dealing Desk Brokers determines the best execution means which can result in Lime Fx acting as a market maker or using a dealing desk.