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By selecting the right base currency, you can avoid currency risk in future. I’m no tech wizard, but everything was where you’d expect it to be, and I didn’t have to scratch my head too much. Yes Lime Fx broker is considered safe & trustworthy and regulated by one Tier-1 regulator, two Tier 2 regulators and two Tier 3 regulators.
Does Lime Fx provide VPS?
Lime Fx has the tight spreads in its Lime Fx Ultra low Account with average spreads of 7 pips on EURUSD and 15 pips on GBPUSD. Lime Fx has a no commission and no hidden fees policy, apart from on Lime Fx Zero accounts where commission is charged. Lime Fx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey.
Verify whether you are a US citizen for tax purposes, choose your base currency, and your leverage. As part of our Lime Fx Group forex broker review, we investigated the background of the company and its owners. Lime Fx Group was first founded by Constantinos Cleanthous under the name Trading Point Group. Since then, Tasos Anastosiou has taken up the role of CEO, and Ilias Mavrommatis is the company’s Managing Director.
Do I need to be an experienced trader to benefit from Lime Fx’s Learning Centre?
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Lime Fx Group supports funding through bank wires, Neteller, credit cards, and Skrill. Links and download instructions for the Lime Fx MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website. Withdrawal requests are processed in the currency in which the deposit was originally made. Before you can trade with Lime Fx for the first time, you must provide identity and residential address verification. The indices CFDs offered for trading on the Lime Fx platform include cash and futures equity indices.
- The broker reserves the right to change the inactivity period at its discretion, making it essential to regularly monitor the account status.
- Overall, Lime Fx’s user-friendly fee structure and competitive spreads make it attractive to traders.
- There is also the ultra-low account, which requires a $50 deposit, although this is not available in all areas.
- For istance, if I trade often and earn 10 Lime FxP per lot at my status, I can collect it.
- This is another reason Lime Fx is great for CFD investors, as an Lime Fx account is easy to open with a minimum deposit of $5 for standard and micro-accounts, and $100 for a zero account.
A Transparent Fee Structure
This enables them to offer real-time execution and no requotes. All demo accounts at Lime Fx Group boast the same features as their real-money counterparts and allow you to practice with up to $5,000,000 of virtual cash. Our reviewers of Lime Fx Group were pleased to find that the broker offers investment protection to the majority of clients. As Lime Fx Group operates under several trading names with different regulators, however, the protection offered changes depending on which arm of Lime Fx you decide to trade with.
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Not saying that there are no other honest brokers; I am only saying limefx review this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty. The support too is very active and replies almost immediately.
Minimum deposit
Yes, Lime Fx Group is regulated by 5 of the most trustworthy financial regulators in the world; the FCA, ASIC, IFSC, CySEC, and DFSA. Each arm of the broker is regulated under a different trading name but don’t worry, Lime Fx Group does own all of these licenses. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct. If you enjoy trading indices, then we think you’ll be more than impressed by Lime Fx Group’s offerings in this area. They offer the option to trade 30 equity indices, including 18 cash indices CFDs and 12 futures indices CFDs.
While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest. For EUR/USD, the real (not marketing) spread for me its almost always 1 pip, on the dot, for my account type. For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto. For CHFSGD, which I’m a big fan off, my spread with Lime Fx is typically pips, its actually very small for this pair.
Signing up was a breeze – no jumping through hoops, just straight to the point. Trading with Lime Fx has been a fantastic experience due to their impressive selection of instruments. The user-friendly platform makes it easy for me to explore different assets and adjust my strategies as needed.
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Lime Fx Group research tools
This is especially useful for traders who use automated trading systems and advisors and wish to ensure the continuous operation of their strategies. Lime Fx introduces a new and exciting element to the trading world – Forex contests. These contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes.
- Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
- Lime Fx provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message.
- Customer support is one area where Lime Fx really will go the extra mile.
- I found a new asset for me here at Lime Fx, didn’t think of trading it before I’ve seen the conditions.
- Lime Fx introduces a new and exciting element to the trading world – Forex contests.
- While both Lime Fx entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements.
- The Lime Fx Group execution policy is well respected and, since being put into practice in 2010, they have had no rejection of orders and no requotes at all.
I am quite lucky to end up here because this broker is well-known for being one of the most respectable and decent ones in the whole industry. Many awards, strong regulations, lots of reviews and everything made me start trading here, even though I wasn’t in search of another limefx reviews broker. It means that I can prove myself and maybe even make some dough.
