The fee is applied by the broker so traders can continue holding a leveraged position after active market trading hours. These indicators provide traders with insightsinto the markets and help them identify profitable trading opportunities. Withthe help of these indicators, traders can make informed decisions when trading. CFDs on commodities enable traders to takepart in the commodities markets without actually owning the asset. The Lime Fxplatform gives traders access to global commodity markets with leverage,allowing them to take advantage of price movements.
Lime Fx does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. With Lime Fx, you can access competitive spreads with both our Live Floating and Live Fixed accounts.
Lime Fx Regulation Summary
Lime Fx is a regulated broker operating underthe Seychelles Financial Services Authority and offering a wide range oftrading instruments, including forex, futures, commodities, shares, andindices. The platform provides traders with an intuitive experience andadvanced features, such as one-click trading and a range of technicalindicators. Lime Fx also offers educational materials, multilingual customersupport, and four types of trading accounts. In conclusion, Lime Fx ranks favorably among its peers, offering traders a reliable and safe environment to access a wide range of financial markets with confidence. Its combination of regulatory oversight, educational resources, and flexible trading conditions make it a compelling choice for those seeking to engage in online trading.
While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk. Lime Fx offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. This ensures that Lime Fx’s investments are available on both desktop and mobile platforms, making it convenient for traders to access the markets wherever they are.
Lime Fx offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies. Trade 300+ financial instruments on 6 asset classes including forex, metals, indices, shares, commodities and futures with competitive spreads. Since its release in 2005, MetaTrader has become a well-known trading platform widely used by traders of various skill levels and expertise for its user-friendly interface and advanced features.
It enablestraders to potentially magnify their profits if the market moves in theirfavour, but losses as well, if the market moves against them. Indices trading comes with a higherflexibility of short and long positions. With the help of sophisticated tradingtools, traders can make informed decisions while trading indices on the Lime Fxplatform. Metal trading is an excellent option fortraders looking to diversify their portfolios and spread the risk. Traders canenjoy more liquidity and higher trading volumes while trading these metals onthe Lime Fx platform. The platform also offers other metals likepalladium and platinum.
Commission and Spread Fees
Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.
- The account was opened with the Tradeco Limited entity of the broker.
- Tradeco Limited is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029.
- In conclusion, Lime Fx ranks favorably among its peers, offering traders a reliable and safe environment to access a wide range of financial markets with confidence.
- Regarding safety and security, Lime Fx isregulated by the Seychelles Financial Services Authority (FSA).
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It allows traders to access the markets with ease andexecute trades quickly. Lime Fx also provides CFD trading on indices.Traders can access global spot indices such as the Aussie 200 or the GermanDax, and more. In addition, the platform offers these indices with flexibleleverage and low spreads. Most brokers charge swap fees for overnightpositions, and Lime Fx is no exception. The broker charges swap fees for longand short positions that remain open overnight. However, the broker has aswap-free account option for Islamic traders who want to trade withoutviolating their religious beliefs.
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Here, we’ll delve into Lime Fx’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, limefx scammers and address the availability on various platforms. Lime Fx’s mobile app also provides push notifications thatinform traders of any relevant news or market updates. This helps them stayinformed and make timely decisions when trading. This platform is known for its user-friendly interface andcomprehensive features.
The Lime Fx platform offers 80+ currency pairs to trade with tightspreads and no hidden fees. Some major limefx broker reviews currency pairs like the EUR/USD,GBP/USD, and USD/JPY are offered with spreads as low as 1.2 pips. I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
Moreover, for traders who find it challengingto place manual trades all time, the platform offers one-click trading thatsimplifies the whole process. Lime Fx offers a wide range of payment methodsfor deposits and withdrawals. Clients can use credit/debit cards, bank wiretransfers, and e-wallets for making deposits and withdrawals. Regarding withdrawals and deposits, Lime Fxdoes not charge any extra fees for using their payment gateways. However,clients might need to pay third-party charges for using certain paymentmethods.
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In addition,client funds are kept in segregated accounts in top-tier banks, and their personal information is guarded under SSLencryption. My overall impression of Lime Fx is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. Lime Fx does not target residents of the EU where it is not authorized.
On the other hand, Lime Fx does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average. In my estimation, Lime Fx’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders.