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I know that Lime Fx is one of the most reliable brokers. Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders. With Lime Fx, you can always improve your trading knowledge with unique educational resources, including webinars, podcasts and trading videos. These are hosted by experts and can help you to sharpen your skills and become a better trader in the long run. This emphasis that the broker wants to encourage informed trading decision and cares about their trader’s success.
Do i have to deposit only in us dollars? does the broker accept any other currency than that?
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In the case of no activity, including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or currency equivalent). In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account. For all of our broker reviews, we research, validate, analyse and compare what we deem to be limefx forex brokers reviews the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
Company Details
There are 3 primary accounts and I can’t say that there are so many differences among them to puzzle over the choice of the acc. Basically, it’s cool that you don’t need to squander time. I opted for the Privilege account because I had enough money for it and conditions seem to be the ultimate ones on it. Spreads are within average values, like for trading gpb/usd they rarely widen more than 3-4 pips during peak hours.
- I also appreciated the vast amount of over 150 written articles that are available from Lime Fx’s blog section of the website.
- Sincerely speaking, I don’t need a lot because I am a rookie trader and I just want to feel complete safety of everything I entrust to this broker.
- The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.
- Thanks to the information I got, I was reminded that Lime Fx is a reliable broker and all the services and tools operate really good.Regarding my questions?
- Quantitative metrics, such as trading fees and minimum investments, are analyzed alongside qualitative factors like reputation and customer support quality.
- Lime Fx offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.
MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. Lime Fx also supports copy and automated trading. I have compiled the table below to help you better understand the difference between the trading fees on Lime Fx’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type.
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What trading instruments does Lime Fx offer?
This Lime Fx review shows the broker’s strong emphasis on providing top-tier trading conditions, combining advanced technology with comprehensive market access to empower traders across the globe. Known for its competitive spreads, flexible account types, and a robust regulatory framework, Lime Fx is a reliable choice for those looking to navigate limefx forex brokers reviews the financial markets. Whether you’re interested in forex, commodities, indices, or shares, this Lime Fx review confirms that Lime Fx provides the tools and resources needed to trade efficiently and confidently. Overall, Lime Fx is a trading brokerage firm with a solid offering.
- By engaging with the platforms ourselves, we provide insights that are both practical and trustworthy.
- However, the combination of commission-free trading and floating spreads from 1.8 pips exceeds the industry average.
- With Lime Fx, you can always improve your trading knowledge with unique educational resources, including webinars, podcasts and trading videos.
- Whatever your idea for a trading strategy, you can bring it to life by creating customised trading templates for all of your charts.
- Hi Lucien M.,We really appreciate you sharing your Lime Fx experience with us!
Deposit Options:
Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. My analysis indicates that Lime Fx’s fees are above the industry average, and the broker offers limited client protection. Hi Arib Lahlou,We really appreciate you sharing your Lime Fx experience with us!
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I’m quite bullish for american dollar and probably everyone knows why. I’m shorting eur/usd and gbp/usd, it fell down so much after the end of the presidential election. According to the financial institutions, those currencies are going to be parity against the dollar.
Unique trader
One of the main advantages of the Lime Fx MT4 platform is its ease of use. You can seamlessly switch between the desktop, web and mobile MT4 app. This means you can analyse the markets and manage your positions from anywhere, at any time. Please note that trading leveraged products carries a significant risk of losing all your invested capital. It is crucial to only trade with money you can afford to lose. MarketBulls does not offer financial advice, and all content is for informational purposes only.
I requested additional information about Lime Fx’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. Lime Fx is still a relatively new broker, having been established just a couple of years ago. 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.