The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. Lime Fx offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. My tests indicate that Lime Fx’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions.
- Additionally, the broker provides negative balance protection.
- Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide.
- Less experienced traders do not have to go for the maximum and can instead choose a lot more comfortable leverage.
- Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission.
Customer Support Test
It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. EUR/USD is the primary pair that I take a look at every day. I start my day with this pair, because when the market opens the price limefx website starts fluctuating and it’s a cool opportunity to make some tasty deals. So far there are no sharp price surges and this pair gradually enters the consolidation, nonetheless, I am looking forward to having upcoming news released.
To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. Been trading on fx for a long time, and to be honest, I rarely write reviews about anything online, but Lime Fx deserves it. There are a lot of bad brokers out there, but here – I have not seen such high-quality execution of transactions for a long time. Spreads are ideal for active trading (daily, scalping on minutes, 1-5).
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The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices.
Account Types
Lime Fx also strives to maintain ‘best execution’ practices. Traders have eight account options at Lime Fx, where the minimum deposit is $0 for most. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
Lime Fx is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds.
Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules.
Generally, the accounts are suitable for beginners and advanced traders. Each account type supports swap-free trading limefx scam via Lime Fx’s Islamic accounts. While Lime Fx offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers. The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market.
Investment Products
Payments are processed fairly quickly, and traders can use multiple currencies. I learned that Lime Fx does not charge a handling fee on deposits or withdrawals, though there are exceptions. Customer support via live chat is available in English, French, Spanish, Chinese, Japanese, Korean, and Farsi. Before you connect to an agent, you have to provide your name, email, and account number (if applicable), and choose a preferred language.
The mobile offering also comes with the Lime Fx Research app which gives users an overview of the financial markets and major news events. To be frank it’s a contender to be the top-1 in my personal tier list. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.
The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. Be very very careful working with this very unprofessional company. But have very misleading support and they are keen to rip you off with fees not stated and with marketing strategies.
I burned my fingers once but wont do that twice if you have any opportunity avoid this broker, there are many better and legit alternatives. It is important to note that our company maintains a strict stance against such conduct. You are allocated a business manager to help you trade using the AI algorithm. In reality they deplete your account while telling you you are making profits. They say you can’t see these profits because they are reinvesting them on your behalf and without your permission.