Access Global Financial Markets and Start Trading

These savings can be much great when you trade other instruments with wider spreads on the Standard account. Lime Fx broker is regulated by three financial authorities and strives to keep its platform secure for users around the world. It is regulated by the Financial Services Commission, ASIC, and CySEC.

Lime Fx Ratings and Reviews from Trustpilot:

Fees, on the other hand, are charged for services, such as account maintenance, withdrawals, and deposits. Both of these costs can eat into your profits if you are not careful. That is why it is important to choose a broker with low commissions and fees. After 90 calendar days, trading accounts are considered dormant limefx review without trading, withdrawal, deposit, internal transfer, or further trading account registration activities.

Lime Fx Spreads, Commissions, and Other Fees

The platform takes several measures to protect users and their accounts. You will not be charged a fee for opening an account on the platform. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15.

US traders welcome at these brokers:

• Compared to rival brokers, Lime Fx charges inactivity fees very quickly, however not as expensive as other brokers.
• That said, Lime Fx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
• Lime Fx’s free demo account is popular among traders to practice ideas or even experienced traders to test strategies.
• However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals.
• Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
• Its support for MT4/5 platforms, competitive fees, comprehensive educational resources, and reliable customer support cater to a wide range of trading needs.

There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip.

• You can trade via versatile platforms with access to plenty of trading tools, up to date market analysis and a vast selection of educational content.
• Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade.
• All accounts offer negative balance protection, hedging and Islamic option as standard.
• Lime Fx might decide to focus on markets where it’s easier to do business.
• You can trade all the instruments available at Lime Fx on the MT4 platform except individual stocks, which can only be traded on MT5.
• Links and download instructions for the Lime Fx MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website.

Lime Fx Spreads and Fees

Get full access to Lime Fx services with the top-rated, award-winning Lime Fx App. Lower your costs and increase your potential with 0 commissions. The history of growth and stability over the 11 years of trading gives us confidence in Lime Fx.

The broker is unable to accept US clients due to regulatory restrictions imposed by the US Commodity Futures Trading Commission (CFTC). Lime Fx is not registered or regulated under any US jurisdiction, such as the NFA or SEC, which prohibits it from accepting clients residing in the United States. The ASIC regulation is top-tier and means that Lime Fx needs to run a responsible, ethical and professional company to service its clients.

Lime Fx offers clients several mobile and desktop versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. From here traders can manage their account, including depositing and withdrawing funds, claiming promotions, checking positions and leverage, and accessing the trading tools offered through Lime Fx. Lime Fx offers instant, or same-day, withdrawals with no fees for verified and connected accounts. Withdrawals via bank wire, credit, or debit card usually take 2-5 business days. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods.

It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker. limefx reviews The number of commodities is underwhelming, with just a total of 15. This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities. Many brokers will have between 20 and 30 different commodities to trade. If you hold a position overnight, you will incur financing charges. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”.