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If you are an intraday trader, lime fx offers a diverse range of products where the trader can select from any of the assets. By trading with lime fx, they can get access to 16 stock index CFDs, 71 currency pairs, 8 commodity CFDs, 23 metal CFDs, and 6 CFD bonds. The trading market is full of risks and the selection of a reliable broker is of great importance. It is worth investing your time and effort in comparing the brokers before you invest with your real money.
- lime fx offers two-step login, which is definitely safe, but you can’t use biometric authentication , which would make the process even more convenient.
- We learned that lime fx uses a proprietary platform lime fx Trade, which can be classified as “easy to use trading functionality” and has won many awards along with numerous highest traders’ regards.
- lime fx’s academy offers interviews from experienced traders as they discuss a wide range of subjects, from trading plans to methodologies.
- Moreover, despite lime fx’s longevity in the online brokerage arena, the limited number of product offerings, especially when compared to its competitors, is a bit surprising.
- Payment via bank transfer or PayPal can take 1-3 business days, consider whether payment with a third party credit or debit card or bank transfer.
- By trading with lime fx, they can get access to 16 stock index CFDs, 71 currency pairs, 8 commodity CFDs, 23 metal CFDs, and 6 CFD bonds.
lime fx publishes its annual financial statements and is regulated by a top-tier regulator. The longer track record a broker has, the more proof we have that it has successfully weathered previous financial crises. The UK’s Financial Conduct Authority banned the sale of crypto-derivatives to UK retail consumers as of January 2021. lime fx offers two-step login, which is definitely safe, but you can’t use biometric authentication , which would make the process even more convenient. While both MetaTrader 4 and flime fx are highly customizable, the former feels a bit more outdated in design than its in-house-built counterpart.
lime fx Review – Spreads and Commission Fees
Some traders highly praise the reliability of the company, favorable conditions, the set of services that help to make their trading strikingly profitable, to say nothing of an informative website. There are high-quality webinars available to everyone , covering basic trading topics from order types to risk management or technical analysis. Premium webinars are only accessible to lime fx customers. Educational articles are also available for reading, covering many of the same topics. All educational tools are available under the ‘Learn’ menu, though their navigability could be improved. Withdrawal options and fees vary depending on your residency and your account base currency.
The average spread the broker offers generally starts from 1.2 pips. We learned that lime fx offers a wide range of advanced instruments, including currency pairs, indices, commodities, bonds and metals, futures trading, and commodities futures. However, US residents should know, that lime fx does not offer CFDs for US residents, due to the regulations present in https://limefx.biz/ the country. Private capital firm CVC Capital Partners has acquired a retail FX broker lime fx, after partnering with Blackstone and acquisition of one of the online payments specialists Paysafe. No price or other financial terms of this deal were disclosed lime fx was established in 1995 and is known as one of the global online trading platforms, analytics…
How to Open an Account with lime fx?
This time I was able to get the system to read the card. This is NOT the type of broker anyone wants to trade with. I still keep a small account with lime fx, but it is for experimentation only. You cannot have two positions in opposite direction and therefore hedge.
These materials range from written to digital collections, covering news, reports, and more. lime fx Currency Converter allows you to convert currency into a different currency; this currency calculator tool uses lime fx Rates™, the touchstone FX rates compiled from leading forex market data contributors. Bank transfer withdrawals take up to 2 working days.
User Reviews
We mark it as excellent being one of the best proposals we saw in the industry, and a great range including MT4, and MT5 suitable for professional trading. Also, all are provided with good research and excellent tools. We found that it is simple to deposit and withdraw funds to and from the account.
For example, you can have a USD account with EUR and GBP sub-accounts. There is only one type of trading account at lime fx . These are great if you want to have different base currencies under one account. E.g. you can have a USD account with EUR and GBP subaccounts. lime fx charges low forex fees, matching its closest competitors in the case of most forex pairs.
What makes lime fx different from others is their wider range of research and trading tools. Their offering outperforms many retail trading platforms. If the trader is always on the move, having the option to enter and leave positions from the mobile or tablet can be extremely useful. Traders looking for mobile and iPad lime fx reviews will be limefx forex brokers reviews excited with the functionalities of the Flime fx mobile trading platform. Additionally, customer deposits are separated from operating capital in leading international bank accounts; also, one standard account for all customers comes with a free demo account to practice trading. lime fx’s trader has two choices concerning trading platforms.
There is also the option for a «trailing stop loss» order. Additionally, users can choose to set their stops and limits based on price or pips, and pertinent information such as «pip value,» «trade value,» and «margin required» are shown on the order ticket itself. lime fx advertises the use of an automated engine to attempt to follow global pricing closely, but spreads are still subject to market volatility and liquidity.
Besides, it offers research tools, market analysis, and news for its traders. For traders who don’t like the lime fx’s desktop platform, they have the choice of the MetaTrader 4 download. This includes watch lists, advanced charting, plus trade automation through an “expert advisor” plugin. Additionally, the traders can draw swap rates and live monthly exchange rate charts within the platform.
Desktop Platform
A better alternative to a paper-based currency cheat sheet is lime fx’s online currency converter. It has a clean, responsive design with plenty of pairs to compare. It uses its own data sources like lime fx Rates and touchstone FX. lime fx’s desktop platform mimics the web platform in terms of functionality, meaning lots of user-friendly functions but no price alerts. You can only withdraw money to accounts that are in your name.
It is easy to use courtesy of its user-friendly interface. It is also a member of bodies such as the national futures association of the United States. It is licensed to operate in the United Kingdom by the financial conduct authority . Few of lime fx’s news and research resources are only accessible by launching external web applications or pages. Even though lime fx offers several benefits, it has few drawbacks too.
Credit cards, debit cards, cheques, or wire transfers can be used to fund the trading account with lime fx. Besides, withdrawals will be as required by International law. Withdrawal requests will be quickly processed if the personal identity information required by international law is present on the document.
Most often transactions are performed via Bank Wire Transfer, or Credit card with a $0withdrawal fee for the first request within a month. Yet, if you wish to withdraw more funds, it may incur additionally applicable to various jurisdictions’ fees. The support website also has a good knowledge base and searchable archive that should answer most questions about the trading platforms and order types. But this experience is likely to be inadequate for both very experienced and very inexperienced investors. Though lime fx has the required amount of variety to effectively compete in the 2020 online broker landscape, it is lacking in some categories. For example, the broker does not offer individual stocks, ETFs, industry sectors, or cryptocurrencies, which limits its total CFD offering to 55, far below its competitors.
Does lime fx allow scalping?
Flime fx, lime fx’s primary user interface, is well designed and provides clients access to trading instruments, complex order types, and account analytics. The desktop version offers proprietary charting as well as advanced charting from third-party provider Tradingview. Clients can take full advantage of lime fx’s research offerings, including MarketPulse and Autochartist technical analysis directly from the platform, though the products will open up in a web page.
In addition to FX, the broker also offers indices, metals, commodities, and bonds to provide trading opportunities across financial markets. Today lime fx is one of the most experienced and successful brokers, known throughout the world. It has been providing high quality service for trade for more than 20 years. It’s a reliable and well-known terminal Metatrade and its own platform, which has many advantages as well as positive feedback from Russian traders. Pay attention, withdrawal of funds is possible only in the way the trader’s funds were replenished.
We think ‘MarketPulse‘ is your best bet if you want to be in the know. It offers well-written news and analysis with visual elements like charts or videos. These elements are totally missing from the ‘News‘ page. Changing the leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high. In a positive development compared with the web trading platform, it’s possible to set alerts and notifications on the lime fx mobile platform.