Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
However, I also spotted that the broker’s website does not limefx courses scam display live spread data. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Founded in 2013, Tradingpedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. The Lime Fx website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world.
- Lime Fx provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity.
- While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market.
- I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders.
- Lime Fx’s TradeCopier connects signal providers and signal followers and is available from the client portal.
- 75.35% of retail investor accounts lose money when trading CFDs with this provider.
Lime Fx detailed information and reviews
The Lime Fx group presents clients with two regulated trading entities and maintains a secure trading environment. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When registering their account, Lime Fx can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.
- Lime Fx offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting.
- Some payment processors have geographic restrictions, but the Lime Fx back office will only list the ones available to traders.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central.
- Lime Fx is a reliable and innovative broker who ensures that all traders are equipped with to the right tools and support to succeed in the market and trade with confidence.
I also like the Lime Fx fractional share dealing, which is excellent for smaller portfolios. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. For those looking to test trading strategies, Lime Fx also offers Cent accounts. They are ideal for algorithmic testing, allowing traders to evaluate strategy performance in a real-world trading environment while minimizing potential losses.
Is Lime Fx a regulated broker?
Choose the trading account that suits you best and experience the sophistication of Lime Fx’s trading platforms. CFDs on spot commodities serve as an ideal entry point to commodity markets, allowing clients to trade with premier spreads and spot execution. Lime Fx’s MetaTrader 4 platform is compatible across multiple devices and ensures swift and efficient execution of all trades.
There are several different types they can choose from – accounts are either Live or STP/ECN. Lime Fx processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF.
Opening an Account
Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. Lime Fx is a global multi-asset CFDs broker and is part of the Lime Fx Group which includes several entities authorised and regulated by the FCA (UK), and the FSCA (South Africa). However, please note the information in this review pertains to the entity Notesco Limited registered in Bermuda with registration number 51491.
The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.
Is Lime Fx a good broker?
The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. Lime Fx offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. Lime Fx offers several trading platforms, available for PC, Mac, and mobile devices.
Understanding the Regulatory Protections of Your Account
Lime Fx offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. The Premium Account is for traders who can afford to deposit at least $1,000. https://limefx.group/ All base currencies can be registered and Premium Account holders will enjoy no commission on trades.
There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if Lime Fx fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. Processing times depend on the geographic location and the payment processors, which Lime Fx lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee.
This broker is dedicated to delivering exceptional trading conditions characterised by competitive spreads, and it caters to both retail and institutional customers from over 180 countries. Through the years, the broker has built trust and is known to be a reliable broker with great reputation in the foreign exchange industry and CFD trading more generally. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.
The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass Lime Fx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
The “Intraday Comment” section had a single 18-month old entry about the Eurozone. In conclusion, I rate Lime Fx to be a reliable broker that caters well to day traders and algorithmic traders. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
