This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. Lime Fx is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document.

Tradable Instruments

With the ability to maximize profits through the maximum leverage available, VIP account holders have all the tools they need to reach their financial goals. For experienced traders interested in taking their trading to a higher level, Lime Fx offers professional accounts. The Lime Fx ECN Account features raw spreads starting from 0 pips and a commission of $5 per lot.

• While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need.
• A duo of in-house analysts provides market commentary on breaking news insights.
• With the assistance of a dedicated account manager and access to specialized charting and analysis software, Lime Fx VIP account holders have everything they need to be successful.
• Lime Fx offers a variety of account types to suit different trader levels and strategies.
• The Micro Account is ideal for new traders who want to familiarize themselves with Forex trading without committing significant capital.
• Lime Fx offers seven retail account types and typically features low-to-medium cost structures.
• Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

To access this feature, you must apply for a bank withdrawal from your client portal. Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM). Lime Fx also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security.

No trading commissions

With respect to data security, Lime Fx uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4. The company’s current promotions include its Iron Worlds Championship live trading limefx official site competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at Lime Fx.

• Before you connect to an agent, you have to provide your name, email, and account number (if applicable), and choose a preferred language.
• Some payment processors have geographic restrictions, but the Lime Fx back office will only list the ones available to traders.
• The account is equally suitable for high-volume and high-frequency trading.
• I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations.
• Furthermore, traders can use the power of deep liquidity to quickly execute their trades.
• Success in online trading and investing depends on proper planning based on solid information and useful market insight.

Risk Warning

Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the Lime Fx account name. Some payment processors have geographic restrictions, but the Lime Fx back office will only list the ones available to traders.

A Forex Tour?

The Micro Account requires a minimum deposit of $100, making it ideal for beginners or those with smaller capital. For more experienced traders, the Premium Account requires a $1,000 deposit, offering tighter spreads and better trading conditions. The VIP Account is designed for professional traders, with a minimum deposit of $10,000 and access to exclusive features like even tighter limefx reviews spreads and personalized support. This range of account options allows traders to choose the one that best suits their trading style and capital level. The Lime Fx Premium Account is designed for more experienced traders, offering enhanced trading conditions with a minimum deposit of $1,000.

Choose from the Lime Fx ECN Account, Zero ECN Account, and VIP Account, each of which offer unique advantages for high-volume traders. The Lime Fx Zero Fixed Spread Account is a great option for traders who prefer fixed spreads. This account has spreads starting from 0 pips and a low commission of $3.5 per lot. It also provides access to the global markets and a variety of popular currency pairs, including EUR/USD. With this account, traders can benefit from a fixed cost of trading, which can be particularly useful during volatile market conditions. I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences.

What account types does Lime Fx offer?

Lime Fx offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive. Lime Fx also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. Mobile users benefit from total trade management without having to sacrifice functionality.

In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by Lime Fx. Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

Stay informed with the latest broker news and insights, delivered monthly in just a few minutes of reading. Don’t miss out on expert tips and market updates that can enhance your trading strategies. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved.