Lime Fx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.
Trading Fees
While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. Lime Fx requires a $3,000 account minimum for trading withthis platform. Lime Fx is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading.
Please note that full access to all assets isavailable on the MT5 account. The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies. We score and compare forex brokers in more than 15 categories. Lime Fx offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. Lime Fx is a reasonable forex broker for beginners, but not the best we have tested.
Lime Fx offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. MetaTrader 4 is offered with Lime Fx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app.
It offers single-window trading,advanced charting tools, and a depth of market feature. MetaTrader 5 is offeredwith Lime Fx’s MT5 Global account and can be used as a desktop, mobile, orweb app. We are pleased to see that Lime Fx offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds. Lime Fx ensures its traders have a robust set of tools at their disposal.
There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion.
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Overall, the family of CQG platforms presents a professional solution for working in the financial markets. However, analysis, research and signals are three different limefx website things in the world of financial markets. We contacted customer support for explanation and learned that the information on the page is slightly outdated. For the Russian securities market, the rate is 0.044% per day (16.6% annual). These conditions are higher than the average in the market. A number of top Russian brokers are ready to provide financing for the purchase of shares at less than 10% annual interest.
- This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.
- The MT5 Global account offers the widest variety of assets.
- There are various factors to consider when making a decision, but the safest brokers are well-regulated ones.
Free Trading Courses
The rest of this review will explore theofferings, accounts, and trading conditions available from Lime Fx ingreater detail. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. Lime Fx offers both investment and market speculation opportunities to its clients.
Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions.
Great company
On the sides of the workspace, there are Toolbar panels with menu and quick access buttons. The traders thus can build their own workplace that fits best with their strategy. The benefit of CQG platform is that you can ‘link’ platforms of third-party developers to it to improve analysis and trading efficiency. The third step is Account Settings, where you specify the account type, security word, and set up leverage. Also, there is a good chance to get confused about the account, as one and the same account could have different names in different places.
Lime Fx Customer Service
There are news items on the broker’s website, sorted by the tickers and available to all. Analytical and news reviews are rather a strong suit of Lime Fx. The working space is a mosaic of customizable windows, which the user can arrange according to his preferences.
Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. On the downside, our research has revealed that swap-free accounts are not available. In essence, Lime Fx has a limefx scammers deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify Lime Fx’s reputation in the financial trading space. Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform. Doing so will help you know how the fees work and how to apply them.
In this Lime Fx review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices. Under the ‘Options’ tab, the platform displays calls and puts. Nevertheless, I was impressed with some of the features available.