Lime Fx’s zero-fee policy also applies to any deposits and withdrawals above $200 that are processed by wire transfer. The broker does not offer cryptocurrencies to trade, neither it allows cryptocurrencies as a mode of payment. For crypto payment, you may wish to consider FXPRIMUS as an alternative option.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Lime Fx Global offers trading with tight spreads starting from just 0.0 pips whilst the commissions charged by the broker are very competitive when compared to the other brokers. You can pay around $7 per standard lot in and out on the zero account, which is more or less the industry average.

Is Lime Fx suitable for automated trading?

The platform also provides access to 8 commodities through CFD assets. There are 12 futures indices CFDs and 18 cash indices CFDs available. And finally, Lime Fx Broker also enables trading with metals such as silver and https://limefx.name/ gold.

The exact margin requirements vary according to the instrument & below is the table of the contract specifications & trading conditions. This account type has highly competitive spread of as low as 0.8 for EUR/USD. The minimum deposit for this account is is 730 South African Rand/ZAR. They are a spread only Forex broker, they Ultra Low, Standard and Micro Accounts have variable spread without any extra commission. But their overall trading fees is not the lowest, and is generally quite high with Micro & Standard Accounts.

Does Lime Fx charge an inactivity fee?

Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. No, you can test all Lime Fx account types with a demo account with the exception of the Lime Fx islamic account. The Lime Fx Demo account is a trading account designed to allow traders to try Lime Fx without risk with virtual money.

• Very clean charting and analytical process is so easy with the webtrader.
• The webinars are held almost every day and traders can take part in it.
• After this, you will create an account password and confirm the registration.
• For CHFSGD, which I’m a big fan off, my spread with Lime Fx is typically pips, its actually very small for this pair.
• I think the platform is pretty dated though and you can’t trade ETFs.

Trading Conditions

On the other hand, experienced traders will appreciate Lime Fx’s flexibility, as it supports a variety of trading strategies including algorithmic trading, scalping, day trading, and swing trading. This is facilitated by its extensive portfolio of trading accounts, each with unique trading conditions. I suppose you know, but for those who don’t – the very first thing that should be IMPORTANT for a new trader is the accessibility of the educational materials. It may be a full-fledged academy, help center, videos or whatnot, but chase those brokers which offer such a feature. My chase led me to the Lime Fx, where I found a treasure trove of academical stuff for traders of all levels.

This means that rather than buying the commodities directly, the clients of Lime Fx simply speculate on the possible price movements of these assets. Commodities can play a huge role when it comes to portfolio diversification. Among the indices available on Lime Fx are AUS200Cash, SWI20Cash, US500Cash, and many others. When choosing a broker to trade with, one of the important factors to keep in mind is the safety and security of the broker. There are several things that can define the safety and security of the broker you choose to use.

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. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.

While an Lime Fx demo account can be a great choice for traders to learn more about the market, it can’t be used to learn how to control your emotions when trading. By slowly transitioning to using real money, you will be able to learn more about how to control your emotions. When creating a demo account, the broker will provide you with a certain amount of virtual cash, which can be used for trading. You can use this virtual cash for as long as you want to and if you run out of virtual money, you can always contact the customer support of Lime Fx and ask them to provide more.

Traders who open accounts in Lime Fx are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

Also the profit made there can be withdrawn, so the possibilities here are a lot. Bonuses are very nice, the ones I got first was without me even trading or making a depo, they just added it to me no questions asked. Turns out, they can be used only on standard account, which has higher spreads, quite a bit higher. But I did some math, and its still 100% worth getting bonuses, at least if you are not trading with millions. In certain regions Lime Fx Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews.

Customer Reviews

MT5 overall provides effective trading even with huge volatility since fast order execution times average less than one second. For both new and experienced traders trying to maximize their trading techniques, Lime Fx’s MT5 platform combines usefulness and user-friendliness. Lime Fx operates with variable spreads, just like the interbank forex market and imposes no restrictions on trading during news releases. Lime Fx fixed spreads are higher than a variable ones, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tight spread offering.

Lime Fx protects its clients’ funds through the use of segregated bank accounts, which keeps client money separate from the company’s own funds. One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity. Following this, a monthly fee of $5 applies if the account remains inactive. Lime Fx’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably IC Markets and Fusion Markets. While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees. I can risking same and it mean I will risk less my money, it’s good because now I have bigger capital and I am pretty happy.

Commission and Fees

The broker offers traders safe, secure, and diverse trading opportunities that can fit the interests of traders with different levels of expertise and knowledge of the market. The broker offers everything from simple Forex guides to different types of educational courses and videos that provide beginners with very detailed information about the market. There is also a mobile application available for the trading platforms offered by the broker. This makes it very user-friendly and ensures that no matter where you go, you will always be able to keep in touch with the Forex trading market.

• Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account.
• For crypto payment, you may wish to consider FXPRIMUS as an alternative option.
• His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
• Lime Fx offers its clients everything they need to trade and a chance to improve their chances of success.
• According to their website, standard ultra offers a higher minimum lot requirement.

The Lime Fx Loyalty Program rewards traders with points (Lime FxP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire. The program is designed to benefit active traders based on their trading volume.

These partnerships do not affect our reviews, and we strive to maintain the objectivity and impartiality of the content presented. Yes, you can practice with a free demo account that has $ in virtual funds. Once you are done with the market analysis, you can continue by opening and closing positions according to your views of the possible market direction.

Lime Fx’s fees are reasonable but can be bettered at brokers like IC Markets and Fusion Markets. Most account types offer commission-free trading, with generally tight limefx reviews spreads, particularly on popular instruments like major forex pairs. Operating since 2009, Lime Fx is a reputable broker known for its Forex and CFD trading offerings. Under control of several agencies, including ASIC and CySEC, Lime Fx guarantees a safe trading environment, also is a  reputable firm operating for many years with excellent ranking and reviews from traders.