Commodities – a decent selection of 8 soft commodities are offered, which is more than most brokerages run to. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF). If a finance company under the CySEC jurisdiction fails then its clients are protected up to €20,000. This could be better limefx forex broker if Lime Fx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000. The history of growth and stability over the 15+ years of trading gives us confidence in Lime Fx.

• This structure provides an added layer of protection and reinforces the broker’s commitment to safeguarding trader assets.
• However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices.
• Traders may use the Lime Fx forex demo account to test trading strategies or Expert Advisers at Lime Fx.
• All content on this site is for informational purposes only and does not constitute financial advice.

How do I deposit funds in an Lime Fx account?

Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing. Traders may use the Lime Fx forex demo account to test trading strategies or Expert Advisers at Lime Fx. Unlike many brokers who offer one fixed demo setting, Lime Fx allows traders to approach it the same way they will a live trading account. It allows for closer simulation to actual trading results from the testing of strategies. When creating a demo account, traders can select the trading platform, MT4, MT5 or Lime Fx app, and their account type, followed by the base currency from any of the eleven supported ones. Next is the investment amount, where ten options await, and finally, the maximum leverage from 16 choices.

Disappointingly, there’s no support for cTrader or TradingView, the latter of which we’re increasingly seeing being integrated by brokers, including IG and Lime Fx. Get the latest broker news, trading tips, and exclusive offers delivered straight to your inbox. Yes, Lime Fx allows hedging, making it suitable for traders who use this strategy to manage risk. To delete your Lime Fx account, you need to contact Lime Fx’s customer support and request account closure.

Strategy Managers can create up to 10 strategies and earn instant profit shares. However, investor accounts are currently unavailable for residents of South Africa. Rest assured, limefx website your money is kept safe in top-tier banks and protected in segregated accounts completely separated from the company’s operational funds. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

Discover more about our comprehensive review process and how we maintain transparency and impartiality here. Lime Fx does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that Lime Fx can set the price that traders receive. Yes, Lime Fx offers free demo accounts with virtual funds, allowing traders to practice in a risk-free environment. Lime Fx ensures that traders can stay connected to the markets with its mobile trading applications, available for both iOS and Android devices. The mobile versions of MT4 and MT5 allow traders to execute trades, manage their accounts, and analyze market movements directly from their smartphones or tablets.

What is the maximum leverage offered by Lime Fx?

In this case, a one-time account maintenance fee of 15 USD (or the equivalent in another currency) is charged, followed by a monthly fee of 5 USD for each month of inactivity. The broker reserves the right to change the inactivity period at its discretion, making it essential to regularly monitor the account status. Islamic accounts fully comply with Sharia laws and do not include swaps or interest for carrying positions overnight, making them an ideal choice for Muslim traders. The verification process is a standard step in opening a trading account and aims to ensure security and compliance with legislation in anti-money laundering. However, the broker’s technical support can be inconsistent, as evidenced by customer reviews highlighting discrepancies in service quality.

The offering is especially impressive concerning global equities, with a large amount (over 1,300) on the menu. I conclude there is a sufficiently wide range here for traders who are not particularly interested in individual stocks and shares but want to achieve reasonable diversification across major markets. Stocks – An extremely wide selection of individual stocks is available for trading, with more than 1,300 equities currently listed by Lime Fx. It is an impressive, wide range of choice offered across global equities. Lime Fx offers stocks from seventeen national equity markets, including the major markets such as the U.S.A., the U.K., Germany, Switzerland, and Australia.

Deposits into Lime Fx trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT. It is possible to make deposits in other currencies outside these listed but there will be exchange fees. Most traders will never use their broker’s customer support service beyond the occasional query for clarification of the trading terms offered. Still, its good to know that if you do need the help desk, you will be dealt with promptly and helpfully. After regulation, safety, and the fee structure, the next most important element to consider when choosing a Forex / CFD brokerage is what is offered for trading on the broker’s menu. Some traders will be seeking exposure only to one asset class, such as Forex, or CFDs on individual stocks and shares, while others will be looking for diversification.

• Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
• Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
• It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals.

All investments are insured by the Investor Compensation Fund, which implies reimbursement of up to 20,000 euros. In addition, the broker protects negative balance, ensuring that traders cannot spend more than they have invested. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

In addition to these advanced solutions, the broker offers its Lime Fx App, available on the App Store and Google Play. Lime Fx generally offers competitive minimum spreads, especially on major pairs like EUR/USD and GBP/USD, but is occasionally outperformed by IG Markets and AvaTrade on some instruments. Depending on the Lime Fx entity traders register with, the broker supports several account options, designed to suit all preferences.

It is difficult to think of what they could do more to support their customers. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that Lime Fx does not charge for withdrawals beyond the first one helps to keep costs down for the trader. There are 14 indices to trade, including major indices, such as Dow Jones, NASDAQ, and S&P 500, among others. Additionally, the brokerage offers thematic indices, allowing exposure to various sectors, such as electric vehicles, AI, and blockchain.

Lime Fx provides a diverse selection of account types designed to accommodate traders of all experience levels and trading preferences. Each account comes with unique features, ensuring flexibility in trade sizes, costs, and market access. Lime Fx ranks among the world’s most competitive brokers, combining tight spreads, ultra-fast execution, and robust regulatory oversight. With over 15 million clients and 99% of trades executed in under one second, Lime Fx is designed for serious, performance-driven traders. Lime Fx makes its money from spreads and commissions charged on trades, an overnight financing mark-up, and from its clients’ trading losses on its market-maker account types. With a focus on transparency and user control, Lime Fx Copy Trading empowers investors to make well-informed decisions.