39 currency pairs, for example, would put Lime Fx at the lower end of the broker for currency choices. These stats show that Lime Fx completes your orders with no slippage more than 60% of the time. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier.
Pricing
The Lime Fx Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. Lime Fx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs.
Trading Conditions
Lime Fx add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. Deposits by debit or credit card typically take 1 business day, although it can be less.
- The broker has 2 support email addresses that give you access to general or account-specific inquiries.
- While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF.
- When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all Lime Fx clients.
- It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms.
- You will also find plenty of support for Lime Fx’s Trading Station and forex trading in general in the education section.
- New traders may appreciate a standard style account, as no commissions mean a simpler cost structure.
Account Types
Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas. Despite originally opening in the U.S., Lime Fx is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale.
Article Resources
And since I count anything under 0.1 seconds as good, this is a big strength of this broker. All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but Lime Fx’s instrument list lacks depth, especially in its range of stocks. These currency indices provide a more objective view of a currency’s performance by tracking it against a set of relevant currencies, such as those of key trading partners. These are good options if you want to reduce your risk exposure to a single currency. Bank wire deposits take between one and two business days when you are transferring domestically, whereas e-wallets like PayPal are processed instantly, so I would opt for this if you want to fund your account promptly.
There are abundant support resources online and on the Lime Fx website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for Lime Fx’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom. There are two major types of accounts offered by Lime Fx, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000. You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers.
Customer Support
Whether trading Forex, Stock Indices or Commodities, Lime Fx would like to thank you for your ongoing commitment over these past two scammed by limefx decades. As our industry continues to change, we look forward to being able to provide you with the same customer support and ultimate trading experience that have driven us right from day one. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN.
It also offers dedicated 24/5 customer support with global offices in London, Melbourne, and more. The breadth of platforms and available tools means that experienced traders are best served by Lime Fx’s emphasis on incorporating value-added services and resources. Lime Fx offers traders a few different accounts, with forex and CFD instruments (commodities, crypto and more), leverage, and a truly impressive variety of plugins and accompanying applications. With reasonable trading fees and conditions plus an industry-best level of flexibility for traders, Lime Fx is an enticing option for frequent traders with virtually any strategy preference. Lime Fx offers a good selection of markets, but some other platforms do offer more.
- Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change.
- If you want to find information on Forex brokers, read along to determine if Lime Fx is the right Forex broker for you.
- The market summaries provide concise overviews of recent market movements, key price levels, and notable news that may impact the markets.
- Trading Station keeps up with the pre-loaded Marketscope, which is a free professional charting package allowing for a long list of indicators, up-to-date price alerts, and trading right from the chart.
- With reasonable trading fees and conditions plus an industry-best level of flexibility for traders, Lime Fx is an enticing option for frequent traders with virtually any strategy preference.
- It was built based on the feedback from Lime Fx traders and trading data accrued from over 10 years to meet the needs of their clients.
No, but you can trade CFDs on major stocks through an online broker like Lime Fx. The broker has 2 support email limefx forex brokers reviews addresses that give you access to general or account-specific inquiries. You can even contact the Lime Fx trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an Lime Fx server. Our people are agile and thrive in an environment of fast changing industry trends and business conditions to meet the demands of our customers. Past experiences and newly acquired skills provide the confidence for our people to forge ahead. If you prefer to place orders by phone, Lime Fx offers a trading desk line that can be handy should you experience an interruption in your internet connection.