Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Our review shows that it is a publicly traded company authorized by major regulatory bodies including ASIC in Australia, MiFID in Europe, and FCA in the UK. According to ForexBrokers.com, Lime Fx’s trust score is 95, making it highly trusted. If you prefer to place orders by phone, Lime Fx offers a trading desk line that can be handy should you experience an interruption in your internet connection. 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.
- These stats show that Lime Fx completes your orders with no slippage more than 60% of the time.
- Lime Fx is committed to providing its clients with the best possible trading experience, and its customer service team is available 24/5 to assist with any questions or concerns.
- The abbreviation for “London Interbank Offered Rate” is “LIBOR.” When determining the Lime Fx overnight fees for stocks, Lime Fx makes use of the US Dollar LIBOR rate for one month.
- Does this raise the question as to why CFD trading appeals to investors?
No, Lime Fx does not accept clients from the United States due to regulatory restrictions. For matters that demand in-depth documentation or verifying official credentials, emailing email protected or email protected is an efficient approach. Email can also be more convenient for attaching PDFs, screenshots, or other items essential for verifying identity or clarifying account modifications. Turnaround times generally run from a few hours to one working day, depending on how intricate the request is.
There’s a market scanner feature that uses technical indicators to show traders when it’s a good opportunity to buy/sell. Unfortunately, the market scanner only works for a limited number of products. Lime Fx users have access to a basic pack of tools plus a great selection of technical analysis tools. The charting tools are outstanding and very customizable with more than 50 available indicators. The company is regulated by the aforementioned tier-1 regulators and is considered a low-risk broker.
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and limefx reviews cryptocurrency industries.
Lime Fx Base Account Currency
- They even have a Trading Academy with courses for beginner, intermediate and advanced traders.
- To get your Retail or Professional Account converted to Islamic Account status, send a message to customer support.
- This type 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.
An overview of the different kinds of research articles, market analysis, and news on the Lime Fx website. Lime Fx has been around for years now, and Lime Fx ZA is regulated with FSCA. And the Lime Fx Group is well regulated in multiple jurisdictions including Top Tier Regulator FCA in UK, so we can say that they are very safe. Lime Fx is a regulated broker & they are also regulated with the South African regulator FSCA. Lime Fx has an online application form, which is the standard operating procedure.
What is the minimum deposit required to start trading with Lime Fx?
Gain complimentary EAs (Expert Advisors) and access to a Virtual Private Server (VPS)¹ through your MT4 account. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Please note that Herd Markets may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
Click here for a full list of our partners and an in-depth explanation on how we get paid. The SSI is also an interesting tool but is not clear if the index is referring only to Lime Fx’s traders or to more data limefx scammers sources. The most interesting one of these tools is the Market Scanner, a tool that provides sell and buy signals based on common indicators such as 200 EMA, 30 EMA, RSI and many more. The subsection of “Explore Markets” is where the juice of the discover section can be squeezed. Through these card-styled options you’ll be able to quickly find each asset based on its category or country (in the case of shares).
What’s more, their remarkably low minimum deposit requirement of just $50 paves the way for newcomers to embark on their trading journey with ease. When trading live financial markets with Lime Fx traders must have a clear understanding of all Lime Fx commissions and fees. Commissions and fees are not standard across all trading platforms like Lime Fx; rather, Lime Fx fees may differ from other brokerage companies. Lime Fx’s account type range is designed to fulfill requirements spanning from beginner-level traders venturing into forex for the first time to high-tier investors running more complex approaches. These account categories generally vary in minimum deposit amounts, spread/commission plans, quality of support, and available advanced tools.
Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Lime Fx provides a great example of how to enrich your offerings and is truly a leader in this sector. Lime Fx stands as a prominent figure in the Forex market, renowned for its highly competitive fee structure. With a commitment to transparency, Lime Fx charges zero commissions on all trades and offers some of the industry’s most appealing spreads on major currency pairs.
This also comes after the broker reduced its spreads by up to 54% on selected forex, stocks and other CFDs in 2022. The result is that Lime Fx is now a great option for traders seeking tight spreads in a commission-free trading account. Lime Fx provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers. To sum everything up, Lime Fx is an average broker that offers average fees. The number of assets offered is not that impressive compared to the industry leaders and the live account types available are limited to 1. In case you are opening an account from Australia, your account will be subject to ASIC regulations.
