Lime Fx Review 2024 Expert View On Stocks & Options Broker

• Oct 11, 2022
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While Lime Fx’s offerings might resonate with many, limefx scammers aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences. Forex trading fees work using spreads to eliminate additional commissions or fees. They also ensure traders get a straightforward trading environment.

These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Details regarding futures trading fees are subject to verification, and potential traders should consult Lime Fx’s official platform for accurate, real-time information. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.

Indices trading on Lime Fx

This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. 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. There are also withdrawal fees with this account, reducing its appeal.

Lime Fx offers 24/7 customer service,which can be contacted via online chat, email, limefx broker reviews or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope.

These are the major asset

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. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

Account Types

There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering.

No – Lime Fx does not accept clients from the United States. This is due to regulatory restrictions and additional requirements. Type “Lime Fx online LTD CySEC” into Google, and the broker’s accreditation will appear. You can also search for the broker’s name in the respective regulator’s digital register.

Compare Lime Fx with the top 3 similar brokers that accept traders from your location. You can select your base country when you sign up for a new account. The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the Lime Fx network. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. Platform fees vary between $25 and $595, though CQG Desktop is free. Investing in futures and options costs $1.50 per contract per side (buy or sell).

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1. Contact us directly for further inquiries about our products and services.
2. Our review shows Lime Fx scores less favorably when it comes to withdrawals.
3. So, you want to keep your account active and engaged to avoid withdrawal restrictions.
4. As the financial realm continues to evolve, so does the need for superior trading tools.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. The broker provides the latest market news from the world of economics and finance.

The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. Our website provides detailed reviews and ratings on trading brands. Alternatively, you can head to forums and sites like Trustpilot for other user reviews.

The Trustpilot Experience

Negative balance protection exists for certain account types at this broker, meaning traders with the right account types can never lose more than their deposits. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lime Fx advertises competitive minimum trading fees, but they regrettably translate into expensive actual costs. I tested the MT5 Global account, where Lime Fx notes raw spreads from 0.0 pips for a commission of $2.00 per lot.

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 experts assess minimum deposits, bonuses, demo accounts, spreads, and more.

For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. Geographic restrictions apply, and the deposit and withdrawal screen will only list the ones available to traders.

In a world full of trading possibilities, Lime Fx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. Lime Fx was founded in 2007 and obtained its CySEC license in 2015. It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit. My review did not uncover misconduct, scam, or fraud, and I confidently rate Lime Fx as a legit and safe Forex broker.