Forex Trading in the Global Currency Market
The second step also includes a little limefx scam test to check your knowledge and experience in the market. The answers to the questions provided can impact whether you will be able to create an account or not. Once you are done with the first step of registration, you will have to provide a bit more detailed information about yourself. The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on.
Mobile Experience
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Due to all the above, and not limited to the above, the forex trading market is today the world’s most liquid and most volatile market, with over $5 trillion traded daily. At Lime Fx the client comes first regardless of net capital worth, account type or size of investment.
The mobile trading apps are especially useful if you need to access your trading account whilst on the limefx courses scam go from anywhere in the world provided that you have an internet connection. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. 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. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
Unlike other accounts, where the base currency options are 9, for the holders of Lime Fxs Ultra-low accounts, there are only six base currency options. The Standard account is pretty much a great choice for traders of all interests. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs. Lime Fx offers traders a wide range of trading assets from Forex to CFDs on stocks, indices, commodities, and the like. Over the past decade, this broker has gotten licenses from leading regulatory agencies worldwide, including the FCA of the UK, CySEC of Cyprus, ASIC of Australia, and so on. I know that I don’t always want to wait for days for my funds to clear, especially if there is some major market news that I need to act quickly on to try and take advantage of it.
Yes, based on your detected country of BG, you can open an account with this broker. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). This includes soft and hard commodities such as cocoa, coffee, copper, and many others. Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading.
Advantages of Forex Trading with Lime Fx
As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads. This includes tier-1 regulatory bodies such as the FCA of the UK and ASIC of Australia. It is also licensed in Cyprus, which allows it to offer services throughout Europe, and Belize’s FSCA, which is an international regulatory body. But, if you want to create a shares account with Lime Fx, you will be required to deposit at least $10,000. First, you can do so through the live chat available on the website of the broker.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Lime Fx does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user’s responsibility to ensure that any use of the website or services adhere to local laws or regulations. Lime Fx does not affirm that the information on its website is suitable to all jurisdictions.
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. Lime Fx does not have a crypto funding method, which is a bit of a let down considering that many traders have crypto wallets these days. If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding. 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. The management team have hosted hundreds of seminars in over 120 cities to educate traders.
Examples of the commission fee calculation (Lime Fx Zero Accounts only)
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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Education & Research Tools
- Client funds are kept segregated from the company funds in tier 1 banks to ensure that they cannot be used by Lime Fx Group or the liquidity providers under no circumstance.
- It is a very common practice for Forex brokers to charge an inactivity fee.
- However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine.
- There aren’t many brokers who offer Autochartist to you, although GO Markets do.
- A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage.
Lime Fx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. If you already have an Lime Fx account, please state your account ID so that our support team can provide you with the best service possible. Yes, Lime Fx is a truly great Forex broker with years of experience in the financial markets. With its long experience, Lime Fx has managed to become one of the leaders in the market. Being regulated by highly-reputable agencies, Lime Fx is known for being a highly secure and safe broker.
About the Editorial Team
Lime Fx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s Lime Fx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. Bank transfers can take a few business days to clear and Lime Fx covers all the charges for bank transfers of $200 or more. Accounts can be opened in a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB.
If you are a trader looking for the opportunity to directly invest in stocks, there is a great offer waiting for you at Lime Fx. For stock investors, Lime Fx has created a special account type called a Shares account. As for the contract sizes, there are two options available for traders. First, it is the standard ultra, for which, 1 lot equals 100,000 units of the asset traded. Below, we will talk a bit more about the account types offered by Lime Fx and discuss them one by one. Traders can have access to all of these available assets with any account.
