Choose Your Trading Account

If the currency you deposit into your account is not USD, the amount shown is the equivalent in the deposit currency. They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in Europe in limefx reviews 2018 by the World Finance Magazine.

Why Trade Forex With Lime Fx?

Lime Fx is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner. When it comes to withdrawing from Lime Fx, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal.

• Any trades made by your chosen strategy provider will be automatically copied to your account in real-time.
• If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative.
• I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.
• With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements.
• They earn from spread variations influenced by market conditions, liquidity, and currency pairs.
• Even professional traders can experience losses, and past performance is not necessarily indicative of future results.
• What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world.

Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). Nobody does more to provide you with what you need to maximise your trading potential. Stay informed with daily market updates and analysis from the Lime Fx Market Intelligence Team. Get full access to Lime Fx services with the top-rated, award-winning Lime Fx App. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.

• All of the usual forms of deposit and withdrawal are available with Lime Fx, such as Neteller Moneybookers, debit and credit cards and Skrill.
• These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs).
• Lime Fx also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors.
• Overall, Lime Fx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs.
• Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than Lime Fx Group.
• These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded.

Is Lime Fx Group a safe forex broker?

For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. When holding positions overnight, traders might incur swap rates, also known as overnight fees. These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded. Overall, Lime Fx’s account limefx forex broker offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.

Choosing the right strategy provider is crucial to the success of your copy trading experience. If you select a provider with a high-risk strategy or one who experiences consistent losses, your account could be negatively affected. Take the time to carefully evaluate each provider and consider their historical performance, risk profile, and trading strategy. One of the main barriers to entry for beginner traders is the need for in-depth market knowledge.

Web Trading Apps

Lime Fx provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. Lime Fx offers a range of research tools specifically designed to assist beginner traders in enhancing their trading skills and market understanding. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. 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. While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest.

Customer Reviews

Lower overall spreads can be achieved by Lime Fx as they are the sole dealer in every single trade. This average customer rating is based on 24 Lime Fx customer reviews submitted by our visitors. We’ve been evaluating Lime Fx since 2019 and it’s earned the trust of our experts. Steven Hatzakis is the Global Director of Online Broker 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.

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 spreads, particularly on popular instruments like major forex pairs. Although copy trading is automated, you still have full control over your account. You can monitor your performance and track how well your selected strategy provider is performing. If you feel that the provider is no longer aligning with your trading goals or risk tolerance, you can stop copying their trades and select another provider at any time. Lime Fx also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management.

Lime Fx is regulated by the FCA in the United Kingdom and they have European passports with the MiFID, as well as being regulated by the CySEC in Cyprus, as well as being regulated in Australia as an ASIC entity. If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. Lime Fx offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Please note, some markets may only be available via CFDs or other derivatives. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. An economic calendar also helps to keep you informed about upcoming events that can cause market volatility.

If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. All of the usual forms of deposit and withdrawal are available with Lime Fx, such as Neteller Moneybookers, debit and credit cards and Skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though. Looking at the Lime Fx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission.

I trade forex pairs and stocks, and frankly the costs stemming from my trades are minimal thanks to the low spreads from the broker.Regarding the customer support, they are trully attentive and fast to reply. Any trades made by your chosen strategy provider will be automatically copied to your account in real-time. The trades will be executed with the same parameters as the provider’s, including entry price, stop loss, take profit, and trade size. As a result, you don’t need to worry about monitoring the market or manually placing trades.

By copying multiple strategy providers, you can diversify your trading portfolio. Diversification is a common risk management technique that can help reduce the overall risk of your trading account. With Lime Fx Copy Trading, you can follow providers with different trading strategies, asset preferences, and risk levels to create a well-rounded portfolio. They earn from spread variations influenced by market conditions, liquidity, and currency pairs. Lime Fx offers tight spreads, with three account types catering to different preferences.