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The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. Lime Fx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.

Losses in forex are helpful

The web-based Trader’s Dashboard social sentiment indicator provides hourly updates of client positions on a subset of popular Forex pairs, spot markets, and CFDs but there’s no direct interface into the MT trading platforms. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure.

Wide Range of Products

• And Ireland clients can also place spread bets, although the costs are not fully disclosed.
• However, he clarified that these losses were not a disaster for him but rather, they were excellent chances to grow, learn, and turn significant losses into worthwhile lessons.
• The “Intraday Comment” section had a single 18-month old entry about the Eurozone.
• You can learn more about ourindependent review processand partners in ouradvertiser disclosure.
• However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases.
• A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format.

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 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.

Trade with Lime Fx

The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two 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.

Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. 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. The information on this site and the products and services offered are not intended for distribution to Australian residents, or to persons in any country or jurisdiction where such distribution or use would be contrary limefx reviews to local law or regulation.

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 limefx scammers limited conditional orders.

MetaTrader 4

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.

Trade Forex CFDs with your Multi-Asset Broker Lime Fx

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.

• 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.
• They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules.
• Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
• Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.
• 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.

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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.

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.