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For deposits into the account, they can be made in any currency and will be converted into the base currency of your account by Lime Fx prevailing inter-bank price. All deposits via credit/card and e-payment options clear into your account instantly. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. However, for the Lime Fx Zero Spread account, there is a $100 minimum deposit.
Start using the Lime Fx app
Overall, Lime Fx’s user-friendly fee structure and competitive spreads make it attractive to traders. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. When I chose them as the main broker to trade with, they had been already in the business for around a decade.
- Watch educational videos every weekday and upgrade your trading skills.
- Lime Fx also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors.
- However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos.
- However, drilling a little deeper and you will see in reality that they only offer platforms based around MetaTrader4 (MT4) and MetaTrader5 (MT5).
- There is no way of knowing how often, if at all, Lime Fx trades against its clients.
- With great customer support, excellent research and education content and negative balance protection, Lime Fx is certainly great for beginner traders.
The following table shows how Lime Fx measures up against some of its rivals across the most widely traded forex positions. On both a minimum and average spread basis, Lime Fx comes up second best. All content on this site is for informational purposes only and does not constitute financial advice.
Features
It is difficult limefx broker reviews to think of what they could do more to support their customers. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods.
Account Types
On the home page of the website, Lime Fx claim to have 16 platforms available. However, drilling a little deeper and you will see in reality that they only offer platforms based around MetaTrader4 (MT4) and MetaTrader5 (MT5). It is just that Lime Fx counts the various device versions of the same platform. This is bending the truth slightly and is probably an attempt to make up for the lack of proprietary platform or options other than the ubiquitous MT4/MT5.
Ready to Trade Forex With Lime Fx?
This swap-free option is designed for traders adhering to Sharia law. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles. Lime Fx provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. We like the fact that Lime Fx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge.
Lime Fx TV is a great addition for videos whilst podcasts are also now on the site. Lime Fx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices.
- Lime Fx also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets.
- For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded.
- This is an impressive selection of stock CFDs and is beyond the offering of most brokers.
- While the number of instruments offered varies across asset classes, Lime Fx’s diverse range of options provides traders with ample opportunities to capitalize on different market trends.
- All our clients receive the same quality services, the same execution, and the same level of support.
- Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available.
Review Methodology
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If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. If you have traded with Lime Fx we would really like to know about your experience – please submit your own review. Although it took a few hours to get a response, the reply I received was detailed, with step-by-step limefx company reviews instructions that made the process easy to follow. Watch my video walk through of the Lime Fx app below to see how it looks and feels, as well as how to place a trade. However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices.
Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade. At Lime Fx there is a Demo Account facility that gives you a virtual balance of $100,000 to play around with and find your feet. The demo account has an unlimited duration, giving you all the time you need to get prepared for trading a real account. For day traders seeking even lower spreads, the Lime Fx Zero account provides spreads starting from 0.0 pips with a small commission per trade. Yet while Lime Fx provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders. MT4 is well-known for its simplicity and reliability, making it best suited to forex trading.