If you are a scalper then you might want to consider the zero account as it has the lowest spreads from 0.0 pips. If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment. I always start on a demo with a new broker just to get a feel for what they have to offer. Lime Fx Group was founded in 2009 and has since grown into a large globally established trading broker. This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience.
- They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform.
- Interactive Brokers is connected to more than 125 markets across 31 different countries, offering many opportunities for traders to partake in several markets.
- Apart from this, Lime Fx also keeps the funds of its clients in separate bank accounts.
- Overall, the mobile application works well for trading on the go, with one-tap trading functionality, access to the broker’s full suite of 1,000+ instruments and interactive charting.
- If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding.
Stock Trading
Lime Fx offers some of the lowest trading fees in the industry based on our assessment. In addition, it is one of the few brokers we have reviewed that allows clients to open up to 8 accounts, allowing users to benefit from the perks of different solutions. While using Lime Fx, we were particularly impressed with the turbo stocks, which offer highly leveraged trading on a handful of popular shares. The availability of fractional shares is also a bonus, allowing traders on a budget to speculate on high-value stocks. You can trade hundreds of shares in major markets, including the US, UK, Europe and Asia. Commissions are as low as $1 per transaction while fractional shares reduce the entry barrier for beginners.
Interactive Brokers
For example, the maximum leverage is available on trading volumes of less than $40,000. On the downside, the broker’s offshore entity operates with less regulatory scrutiny. Traders who sign up with this branch may not receive the same degree of legal protection or safeguards.
What Influences Prices in Forex Trading?
There is a Learning Centre with regular webinars, as well as an extensive catalog of training videos, tutorials, and trading tips. Our Lime Fx review uncovered an average selection of extra trading tools. Based on our assessment, MT4 is best for beginners with 3 chart types, 9 timeframe views, 4 pending order types, 30+ technical indicators and 23 drawing tools.
What is the minimum deposit for Lime Fx?
I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is. If you are new to trading online and would like to learn more about the different platforms available and how to use them, Lime Fx have a generous selection of tutorial videos that can help. Don’t worry if you are not trading enough volume, you can still request the Lime Fx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month.
The second option is to send the customer support team an email, and the third option is directly calling the customer support hotline. One of the biggest advantages of Lime Fx is that it has a highly skilled and professional team of customer support agents. These specialists are always able to provide traders with accurate and timely information about the questions they might face. The inactivity fee is just $15, and for every month that your account remains inactive after that, you will be charged an additional $5 per month. So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account.
Advantages of Forex Trading with Lime Fx
This is higher than other brokers we have used, with some firms offering free VPS hosting for active traders. Importantly though, experts do not recommend choosing a broker based on their bonus deals. There are more important factors, including the firm’s trading conditions, tools and safety rating. Previous incentives, available to global clients, have included a $30 no-deposit bonus. Here, profits generated using the credit could be withdrawn once the account volume reaches 10 micro lots and 5 round turn trades have been completed. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50.
The first step that you will have to take is to sit back and think about which account you want to create. For this, you will first have to understand what your interests are in the Forex trading market and choose the account that fits these interests best. This includes the largest and best-known indices around the world, representing industries of countries like the US. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency. As such, an Lime Fx client sells one currency against another at a current market rate.
Compare the markets and instruments offered by Lime Fx and its competitors. Please note, some markets may only be available via https://limefx.biz/ CFDs or other derivatives. Lime Fx does not offer a proprietary mobile app, however, MT4 and MT5 have mobile app compatibility.
When selecting your forex broker, you should consider trading platforms and tools, the number of currency pairs offered, customer service and, of course, trading costs. Lime Fx boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, Lime Fx’s user-friendly fee structure and competitive spreads make it attractive to traders. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service.
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Other reassuring signs for us are the multiple industry awards and accolades. These are all promising signs for us that Lime Fx.com is a trustworthy broker. However, there isn’t access to excellent third-party tools like Autochartist, available at alternatives like Pepperstone. Lime Fx uses a dynamic model, meaning the highest leverage is only available on lower equity amounts.
All platforms in the MT4 family are accessible with the same login and password, while all platforms in the MT5 family are accessible with the same login and password. What scammed by limefx we advertise is what we give our clients, regardless of the size of their investment. We have clients from over 190 countries and staff speaking over 30 languages.
The only platform that is offered by Lime Fx is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders. The Lime Fx Zero account generally is best suited for regular traders or those who place significant trades. Lime Fx Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices.