Lime Fx is an online broker offering stocks, options, forex and bonds through professional platforms and apps. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique. Read our detailed website review and decide if Lime Fx is for you.
Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. I like the variety of payment methods supported by Lime Fx, making the broker easy to use. Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets. Our testing shows that Lime Fx offers lower fees than most forex brokers, especially in its premium accounts. Robo-advisor is a globally recognised service that aims to help traders using modern technologies.
How To Open A Live Account
Importantly, profits are split 60% to the trader and 40% to Lime Fx. There may be a welcome bonus of up to $2,000 when signing up for a Lime Fx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be withdrawal terms and conditions. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum. Accounts also cannot be funded by credit card checks, traveler’s checks, money orders, or Western Union.
Sterling Trader Pro is a direct-access platform for equities and options. The options chain also highlights in-the-money options for faster decision-making. The web-based platform also has a clean and intuitive interface that displays total profit and loss, plus charting functionality. Note, all clients must be 18 years of age or older to open an account. When comparing Lime Fx vs Interactive Brokers, for example, the broker comes out on top in terms of options pricing. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents.
- This type of derivative allows traders to go long or short on currencies.
- In our Lime Fx.online review, we have covered how it works, alongside the pros and cons.
- However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use.
- Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro.
- Algorithmic traders may also have an interest in Lime Fx given the ease with which APIs and custom automated trading applications can be connected.
Lime Fx have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. You will find that Lime Fx have a great variety of flexible and powerful trading platforms suitable for all styles limefx broker reviews and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions.
ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. From on our assessment, Lime Fx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs).
Seamless Financial Transactions
The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal.
Is Lime Fx A Good Broker?
In essence, Lime Fx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify Lime Fx’s reputation in the financial trading space. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories.
With its regulatory oversight, Lime Fx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, Lime Fx is for the pragmatic trader seeking simplicity and efficiency. Support is available 24/7 which stands up well against competitors we have tested.
Lime Fx ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, Lime Fx offers its proprietary platform, designed to cater to its customers’ specific needs.
Customer Support
They provide global traders with competitive trading conditions and fees. Lime Fx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the Lime Fx website and seek independant advice.
Yes, Lime Fx offers demo accounts and setting it up is very simple and easy. The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk. I also think demo limefx forex broker accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. Lime Fx offers ultra-fast trade executions, low fees and powerful platforms, making it a good pick for day traders.
There is also a campaign to become a professional trader which offers a bonus of up to $2000. It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money. J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners.
Markets
This is a drawback versus some competitors who offer around the clock customer support. The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the Lime Fx network. For options, Lime Fx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), Lime Fx offers competitive costs.