Most Lime Fx accounts are available with a EUR or USD base currency, yet Australians can also open AUD and NZD accounts. Lime Fx also offers negative balance protection for clients onboarded under the regulated entities. If your trading leads to a negative balance that is greater than this, Lime Fx will hold you responsible for the difference. Lime Fx stores client funds in segregated accounts, ensuring that if Lime Fx were to become insolvent, client funds could not be used as a reimbursement for creditors. On its Rate Card, Lime Fx indicates that rollover costs are subject to markups. You cannot view the overnight rates on the Lime Fx website, but they are readily available in the trading platforms.
- Lime Fx provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences.
- On the other hand, analytics provides a great deal of analysis and insight into the Lime Fx trading characteristics.
- The addition of this platform is a great boon for tech-savvy traders with an interest in algorithmic trading.
- When trading, you will still need to meet initial margin requirements to open trading positions.
I haven’t used these services personally, but it’s good to know that Lime Fx caters to retail and professional-level traders. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type limefx scammers of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. The feature gives users the ability of traders to share ideas and strategies and help other traders.
- This is significantly less than the 80+ at Forex.com or 300+ at CMC Markets.
- Lime Fx provides live market webinars, on-demand videos, and detailed trading guides covering forex, crypto, trading strategies, and instrument insights.
- With its commitment to transparency, competitive pricing, powerful trading platforms, and adherence to strict regulatory standards, Lime Fx is an ideal choice for those looking to trade forex and other assets.
- You will also find an ‘On Demand’ section with topics that all skill levels will appreciate, such as Fibonacci’s and low-volatility trading.
- Such a multi-faceted product suite can be especially valuable for risk management, balancing robust major forex pairs with the higher volatility of, say, cryptocurrencies or emergent market instruments.
- For instance, this broker offers traders an option to trade with an initial deposit of only $50.
When you trade CFDs (Contracts for Difference) with Lime Fx, you speculate on price movements instead of owning the asset. You can trade forex, indices, or commodities with tight spreads, flexible leverage, and the ability to go long or short in various market conditions. Domestic wire transfers take one to two working days while international wire transfers can take three to five business days.
Step 2: Login and deposit funds to start online trading with Lime Fx
It’s also worth noting that, within the UK, NinjaTrader can only be used with a spread betting account. Those interested in social trading with Lime Fx should consider ZuluTrade, as this is a peer-to-peer auto-trading platform. It is a good choice if you are a beginner and unsure of how to create strategies or anyone who does not have enough time to plan their strategies. You can review Lime Fx forex broker instruments and place trades across five different platforms, many of which are available on both desktop and mobile devices. Trading Station is Lime Fx’s proprietary platform, yet you can also trade via the award-winning MetaTrader 4, ZuluTrade, NinjaTrader, or TradingView Pro. You can also review the Lime Fx’s Active Trader Program if you are a high-volume trader.
The minimum deposit amount on Lime Fx can vary according to the account type that a trader chooses. For instance, this broker offers traders an option to trade with an initial deposit of only $50. Thus, anyone desirous of trading on Lime Fx can sign up without any hesitation. Conclusively, the services offered by the Lime Fx company are impressive. Users on the platform are excited about the high standard of the educational center on the platform, especially the demo account feature. If you are looking forward to trading CFDs and Forex across a variety of platforms, you could as well do that on the Lime Fx platform.
Lime Fx does not charge for any type of fund deposits and standard traders are not charged commissions on trades. Their charge is limefx forex broker levied across the spread cost which is calculated automatically when trades are executed. The Lime Fx platform is easy to navigate around and new customers will find it is a simple matter to answer most common questions via the FAQs section of the site. A comprehensive knowledge base and education centre also offers a lot of information about trading strategies for beginners or experts. If you want to start practicing without making a deposit, you can open up a free demo account.
Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk. The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it.
Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. The Lime Fx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become Lime Fx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators.
How Are Execution, Leverage And Position Sizing With Lime Fx?
Lime Fx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. Lime Fx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
These stats show that Lime Fx completes your orders with no slippage more than 60% of the time. Lime Fx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types. When comparing the spreads to other brokers, Lime Fx at first glance appears to have only average spreads. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com.
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. Browser-based and iOS/Android app versions of MT4 and Trading Station for on-the-go access. I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings. For these reasons, I rate Trading Station highly among the dozens of proprietary platforms I have tested. Overnight costs are also applied for positions held after 10 pm GMT, but this is industry standard.
Lime Fx’s broad global footprint and strong regulatory compliance make it a reliable choice for traders worldwide. Its localized offices and dedicated customer support ensure clients receive timely assistance, reinforcing Lime Fx’s commitment to providing a secure and professional trading experience. Lime Fx offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. Lime Fx’s safety protocols consist of an interlocking set of business policies, fund management guidelines, and tech safeguards.