Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. The MT4 platform also provides a customisableuser interface, allowing traders to customise the trading environment accordingto their individual needs.
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The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated. Lime Fx’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience. Each of these platforms caters to different trading styles and preferences.
Traderscan also modify their trading strategies according to market conditions inreal-time. Lime Fx offers a wide range of tradableinstruments, including forex, metals, commodities, indices, shares, andfutures. This allows traders to diversify their portfolios and manage riskbetter. Lime Fxr also provides flexible leverage, which enables traders to trade larger quantities even if their account balance is low. Lime Fx also offers a variety of account types, such as demo account, which allows novice traders to practice and more experienced traders to transition into actual trading platform with reduced risks. Additionally, their application allows for hassle-free trading on mobile devices, eliminating the necessity to remain reliant on a computer to oversee your trading transactions.
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. 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. The Lime Fx platform also offers a detailedcharting package, helping traders to make better trading decisions. With a deepliquidity pool in futures trading, traders can take large positions withoutworrying about slippage.
- The platform also provides sophisticated toolsfor each instrument, allowing traders to analyse the markets and make informeddecisions when trading.
- In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
- The forex market is the most active financial market in the world, making it an exciting space to trade.
- I appreciated Lime Fx for developing the bulk of its research materials in-house.
- The offering is well-balanced and suitable for the execution of multiple trading strategies.
As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. It could be argued that MetaTrader set the standard for how retail platforms should be organized. 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.
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But AvaTrade has even lower fees and doesn’t let you borrow as much, because it’s regulated more strictly. So, AvaTrade is safer and has more options, while Lime Fx is good for people who want to borrow more and keep it simple. Once the deposit is confirmed, you can begin trading on MetaTrader 4 (MT4), WebTrader, or the mobile app. By following these steps, you’ll successfully open and fund your account on Lime Fx, allowing you to start trading across their wide range of assets.
Lime Fx is regulated by a less strict authority, while AvaTrade is regulated by many different ones, which means it’s safer for investors. AvaTrade also has more choices for trading platforms, while Lime Fx is simpler. Choose the account type that fits your needs, such as Standard Account, Premium Account, Privilege Account, or Cent account. Decide whether you want fixed or floating spreads based on your trading strategy. I quite enjoyed Lime Fx’s educational guides covering very basic trading topics that novice traders are likely to ask.
Why is Choosing the Right Account Type Important?
My analysis indicates that Lime Fx’s fees are above the industry average, and the broker offers limited client protection. It’s essential to note that the same payment method used for deposits must also be used for withdrawals. This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. The app also provides market sentiment data,which helps traders better understand the markets and take advantage of marketvolatility. In addition, with real-time notifications, traders don’t have toworry about missing important news or market updates. Compared to other brokers, the leverageoffered by Lime Fx is relatively high.
A swap fee is a trader’s cost limefx for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Lime Fx is still a relatively new broker, having been established just a couple of years ago.
Lime Fx is a global pioneer in online trading which offers both expert and novice traders’ access to a diverse range of trading instruments across global financial markets. The features of Lime Fx are designed to fulfill the demands of all traders, making it an excellent alternative for potential traders seeking a dependable and versatile brokerage service. Flexible Leverage is also available, enablingtraders to use their capital more efficiently.
Lime Fx Customer Support
I quite appreciated that there is detailed personal info about market experts who lead the webinars. I appreciated Lime Fx for developing the bulk of its research limefx forex broker materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments.
Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300. Lime Fx, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority. Lime Fx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility.
