These agencies ensure that Lime Fx consistently complies with best practices and remains transparent when dealing with clients. This makes it one of the most trusted brokers as far as investor protection is concerned. Lime Fx caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free practice. Beyond trading fees, I encountered no hidden charges while using Lime Fx. Overnight fees, common in the industry, apply to cash instruments held overnight and are reasonable.

Withdrawal fees

Traders are even provided with a Cent Trading environment should they choose to register under Micro Account. Lime Fx offers the MT4 and MT5 platforms as its web trading platforms. You may utilise the full functionality of Lime Fx WebTrader for fast online trading on both demo and live accounts without having to download anything. Opening and closing trades, setting stops and entry limits, putting direct orders, setting and modifying limit and stop loss, and charting are all possible with just one click. All the indicators and objects can be used on these web platforms to assist with your technical analysis.

Lime Fx is recommended because of its great range of trading instruments, fast execution speeds, low spreads and very competitive commission fees. You can trade via limefx scam versatile platforms with access to plenty of trading tools, up to date market analysis and a vast selection of educational content. They have flexible funding methods with efficient processing times, as well as a policy of no fees on deposits and withdrawals. Overall, I think Lime Fx Group are one of the best CFD brokers for anyone looking who is looking for low cost trading in a regulated environment. Lime Fx Global Limited has many years of experience in the financial industry, providing traders with a great range of trading products and services at very low prices.

There’s no difference between trading assets, tools, or trading speeds for smartphones or tablets and those for desktop PCs. Alternatively, traders can opt to access the Lime Fx WebTrader through their browser. Before you can trade with Lime Fx for the first time, you must provide identity and residential address verification.

• Any rates, terms, products and services on third-party websites are subject to change without notice.
• DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
• The phone support is also great and you can access it in various languages.
• When making a withdrawal, Lime Fx transfers your funds back to the original funding method you used to fund your account.
• This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip.
• The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney.

Why Trade Stock CFDs with Lime Fx?

Lime Fx Global keeps you up to date with the latest market news and analysis which can help to provide you with some of the information that you need in order to make informed trading decisions. Trade ideas are posted which can inspire possible trade ideas that you may have otherwise overlooked. You can access technical summaries of your favourite instruments with a few clicks and stay informed of economic events with an economic calendar. Lime Fx TV keeps financial market news under its radar, so you never need to miss any important news event. You can even listen to podcasts where professional traders are being interviewed and learn from their experiences.

What funding options does Lime Fx offer?

For traders outside Europe and under the Lime Fx Global entity, there are bonuses available. You get a $30 bonus just for opening your first Lime Fx Real Account. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform.

Trade Execution

• Lime Fx broker allows traders to use MT4 and MT5 platforms because it currently has no proprietary trading platform.
• There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business.
• To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and  Proof of Residence (POR).
• The broker also waives deposit and withdrawal fees, although bank transfers might incur a small fee.
• Withdrawals can only be processed via the method used to deposit the funds.
• The availability of base accounts in EUR, GBP, USD and JPY can help minimize conversion fees, unlike eToro, which only supports GBP and USD for deposits, holdings, and trades.

At present, Lime Fx is overseen by 13 different regulatory bodies based in over 10 countries. The company also boasts a track record of over 2.4 billion trades executed with no re-quotes or rejections. That said, traders are encouraged to do their own research and decide whether Lime Fx is the right broker for their needs. With MT4 and MT5 mobile trading, traders can follow the global markets from anywhere and instantly place and execute orders. All withdrawals above $200 processed by wire transfer are included in Lime Fx’s zero fees policy. Lime Fx offers 24-hour support, 5 days a week through email, live chat, phone, and fax.

Alternatives of Lime Fx for US Traders.

If you have traded with Lime Fx we would really like to know about your experience – please submit your own review. However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.

Due to AU and EU regulations, Lime Fx does not offer any Trading Bonuses and Loyalty Programs to retail traders within Europe and Australia. Even though Lime Fx provides comprehensive tools, it is still lacking when compared with other brokers, as Autochartist, Trading Central, and TradingView are not yet integrated. Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Micro and Standard account spreads on all majors start as low as 1 pip, while Lime Fx Zero account holders can expect spreads as low as 0 pip. Lime Fx requires a $5 minimum withdrawal for Micro and Standard accounts. First, you fill in some basic information including your name, address, and some information about your financial background and trading experience.

Brokers like Lime Fx have to spend a lot to meet all the rules and regulations. It’s a big investment, and sometimes, it just doesn’t make financial sense for them. Trade with a regulated broker that has built long-standing partnerships
with reputable banks to ensure your funds are always secure. If you are a trader that comes under the Lime Fx Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies.

Meeting these rules can be tough and expensive for international brokers like Lime Fx. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that Lime Fx does not charge for withdrawals helps to keep costs down for the trader. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you scammed by limefx a further bonus of up to $4500).

Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. Open an account today to access fair conditions and get everything you need to achieve your trading goals. You demand the best trading experience; our awards reflect our desire to provide it.