Lime Fx-Online CFDs & Forex Trading

However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone.

Trade with Lime Fx

Today, Lime Fx continues to solidify its position in the trading industry, governed by transparency and a deeply held commitment to its clients. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.

ways to deal with losses

• The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information.
• Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
• Our editors independently research and recommend the best products and services.
• Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.
• Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.

Foreign exchange traders of all skill levels, from beginners learning about financial markets to experienced traders with years of trading expertise, are drawn to the global forex market, the largest financial market in the world, by the chance to make money. The market is open 24/7, offers flexible leverage, is reasonably priced, and is easily accessible. As a result, a large number of forex traders enter the market rapidly and then quickly leave after suffering losses and setbacks. This raises awareness and prevents rash decisions, and it also strengthens the personality of a trader who is different from others, leading to the professionalism that many seek. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.

$500K Grand Trading Slam

The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. Lime Fx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. Through the years, Lime Fx has gained a reputation as one of the most recognised and trusted online trading brokers in the world, catering to 1.5 million retail clients globally, from over 180 countries and providing 24/5 support in over 30 different languages.

Risk Warning

Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. In fact, some experienced traders use the golden rule that “a little adds a lot” to mean that they should be content with certain profits from transactions rather than letting greed get the better of them and cause them to lose limefx scammers money they didn’t expect. They charge a $50 fee after one year of account inactivity and “reserve the right” to charge a hefty 3% of “deposited funds” for an undisclosed period in which funding or withdrawals are made without trading activity.

• Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.
• If you need help, just contact our customer support at   or use the live chat in the bottom-right corner.
• 63.91% of retail investor accounts lose money when trading CFDs with this provider.
• Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
• Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.
• Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
• Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.

Trade Forex CFDs with your Multi-Asset Broker Lime Fx

Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.

The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two scammed by limefx types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass Lime Fx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.