Lime Fx broker review a broker with the highest leverage
In the ECN account, commissions start from $2.5 per 1 lot on forex. Rollover or swap rates will also apply to positions carried over into the next day. All these tools have the potential to greatly assist traders by providing increased decision accuracy.
Depositing Funds
The indices include main instruments from the USA, CHINA, Europe, and South Korea. Cryptocurrencies became very popular lately and Lime Fx provides their traders with a number of cryptos to trade. There are 27 different cryptos in total, with spreads starting from 0.001 for Tron/USD. While it is relatively cheap to trade your favorite cryptos on Lime Fx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair. Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders.
I will show you exactly what to do to start forex trading the right way. There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs.
He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. To withdraw money from Lime Fx, log in to your account, go to the withdrawal section, select your preferred withdrawal method, and follow the instructions. Lime Fx offers limited educational materials, which include a Blog and an FAQ (Frequently Asked Questions) section.
What is the minimum deposit for Lime Fx?
- Many traders are attracted to the opportunity to use high leverage and engage in scalping trading strategies.
- Lime Fx does not charge additional commissions for withdrawing funds.
- Account verification is mandatory at Lime Fx, as it complies with global AML/KYC requirements.
- All these tools have the potential to greatly assist traders by providing increased decision accuracy.
I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Learn more about forex trading by checking out Forex Trading Course covering how to start forex correctly.
What can I trade at Lime Fx?
The wide range of trading instruments available ensures that traders can diversify their portfolios and take advantage of global market opportunities. Moreover, Lime Fx provides access to multiple deposit and withdrawal methods, though some may incur fees. Over the years, Lime Fx has built a strong client base by focusing on transparency, reliability, and a commitment to delivering quality services. The spreads are dependent on the account type the trader is operating on. For ECN accounts, spreads start at 0 pips but for each lot, there is a small commission charged for each side of the trade.
Insights and reflections from industry experts can also be found in the Lime Fx broker’s news blog. The MetaTrader terminal allows for manual and automated trading, setting pending limefx forex broker orders, and using numerous indicators. The software supports thousands of user add-ons that simplify the search for successful trades and implement algorithmic trading strategies. Lime Fx also does not charge any commission for deposits and withdrawals, an added advantage. Moreover, the company covers any deposit fees charged by the payment system. The program has five levels, calculated based on the trading volume over 30 days.
Yes, Lime Fx offers ECN (Electronic Communication Network) accounts, providing direct market access with tight spreads and fast execution. The leverage Lime Fx offers varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.
MetaTrader 4 and 5 can be used on all devices as well, offering both desktop and mobile apps. They offer the flexibility of using the same credentials for all devices, making it convenient to monitor your trading activities from anywhere. But mobile apps come with downsides as they are generally limited by the number of available indicators and analysis tools. Each of these accounts has got some advantages and disadvantages according to spreads and fees. Lime Fx is part of the Investors Compensation Fund and keeps clients’ funds in segregated limefx broker reviews accounts. The broker also offers negative balance protection for those trading on a margin.
Step 3: Make your deposit and start trading
Compare the markets and instruments offered by Lime Fx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Lime Fx offers 24-hour support from Monday to Friday via telephone, email, or chat services such as WhatsApp and Telegram. Support is provided in over 12 countries including the UK, Armenia, Russia, Thailand and Nigeria. The platform includes 30 technical indicators, which are supported on 9 different time frames. There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors).
After funding your account, you can use a special Lime Fx promo code to get an additional bonus on your trading account. Funds are credited instantly, except for bank transfers, which take up to 5 working days. It should be noted that thanks to the high order execution speed (from 0.03 seconds), Lime Fx is considered one of the best brokers for algorithmic trading. The process of opening an account with Lime Fx is quite simple and user-friendly. It involves direct registration, identity verification, and selecting the desired account type.
Fast withdraw and great support
Lime Fx offers various trading assets, including currency pairs, metals, cryptocurrencies, bonds, commodities, and indices. Many traders are attracted to the opportunity to use high leverage and engage in scalping trading strategies. Lime Fx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. Lime Fx explains its services well, and I recommend the FAQ section before contacting support.
A stable technical platform is supported by updated analytics, useful services, and quick withdrawals. Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Commissions are only charged in the ECN account which offers the tightest spreads. For its clients, Lime Fx offers quite attractive commission conditions.