For example, in Australia, client funds are held in Citibank, Australia; which is an established international bank. For the European clients, their funds are further protected by the insurance provided by the ‘Financial Services Compensation Scheme’ (FSCS). If in the future Lime Fx goes bankrupt, the FSCS can pay compensations to eligible clients.
Commission And Fees Explained
The account proves particularly beneficial when experimenting with new tactics or familiarizing oneself with platforms and functions. While studying market dynamics without the pressure of facing genuine financial loss during the learning process. The broker uses modern encryption methods, including SSL encryption, to safeguard personal information and financial transactions from illegal access. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. All financial transactions occur in the secure back office of Lime Fx, MyLime Fx. The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices.
The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. This account offers leverage, faster execution, and lower fees with commissions based on trade volume. Discounts apply to major currency pairs like EUR/USD and GBP/USD, allowing traders to earn compensation from spreads, commissions, and rollovers.
I was impressed with the amount of free educational content that Lime Fx has available. You will always have materials at our fingertips to help ensure that you can continue improving your knowledge and skills. I especially like how clients are given free access to webinars every weekday. This seminar is facilitated by Lime Fx’s expert analysts and is a great way to learn from the experts. There are also recorded videos from past seminars so that you can catch up in your own time.
Rollover fees are applied for positions held overnight, varying by instrument and market conditions. Traders should also be aware of potential third-party fees, such as payment processing charges, which may apply depending on the selected payment method. These commissions are calculated based on the instrument and trade size, starting as low as $0.05 per 1K lot.
The broker is regulated by top-tier authorities, including the FCA in the UK, ASIC in Australia, and the Financial Sector Conduct Authority (FSCA) in South Africa. These regulators ensure that Lime Fx operates transparently and adheres to strict guidelines, safeguarding clients’ funds. Lime Fx also offers negative balance protection for retail clients, adding an extra layer of security. Despite past challenges, Lime Fx has rebuilt its reputation as a reliable broker, now providing a secure environment for traders worldwide. Lastly, trading through TradingView is also an option for clients, but not much information on this is given.
- When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market.
- Consequently, you’re charged more for non-trading actions in your trading account, such as deposits and withdrawal.
- The range of markets available with Lime Fx is quite broad however you can find other brokers that offer more choices for each financial instrument.
- Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card.
But finding a good Forex broker can be difficult because there are so many to choose from. If you want to find information on Forex brokers, read along limefx review to determine if Lime Fx is the right Forex broker for you. There are over 10 languages supported by the broker website when you are trading with them. These languages include English, French, Spanish, and Arabic with an excellent support also in place for a variety of Asian languages including Chinese, Indonesian, and Vietnamese. Lime Fx is uniquely positioned with this product in the fact that they can actually function as a liquidity provider for other equities including brokers.
Lime Fx Withdrawal Options and Fees
I recommend traders read and understand the terms and conditions before accepting incentives. Lime Fx does not charge fees for most deposit and withdrawal methods, although third-party fees from payment providers may apply. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks.
Customer Support
Thus, it would be impossible for us to navigate and search through all the entities https://limefx.vip/ and the account types they offer (if there are any). Thus you should visit the global brand website and redirect to the Lime Fx site for your region for more details. Moreover, unlike other top-tier brokers (and top-tier brokers that allow copy trading), Lime Fx does not have a dedicated page for the account you will open. As such, we can’t give you details on the account, such as base currency, leverage, and other conditions. You will need to sift through the Lime Fx site to find out if the information is available.
How Much Are Trading Fees With Lime Fx?
We have tested the livechat experience with Lime Fx, and it was very effective. We sent messages through the Lime Fx livechat through their app and website and got a reply after 10 seconds. Understand the capabilities of the mobile apps of Lime Fx, Startrader & freetrade below. This Lime Fx review breaks down each of the applicable non-trading charges for you in detail. But, make certain that you know how to make the most of your cash before investing larger sums. Of course, there’s absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you select them.
Lime Fx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users.
You may use this feature to build your faith in the system as well as yourself and your trading strategies. A news feed below the chart adds fundamental analysis to the mix, making this a great all-in-one platform that beginners should find easy to pick up. The addition of preloaded technical indicators and automated trading strategies means that more experienced traders will also find a lot of value in this platform.
How long does it take to withdraw money from Lime Fx?
Many brokers like ZFX and Lime Fx have top quality trading resources and education available to everyone. This is something that Lime Fx needs to look into, especially since they were established in 1999. Lime Fx is a well-known broker amongst retail traders and professionals alike.
- The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
- Added to this, Lime Fx also provides for additional insurance which will protect you in the event of bankruptcy and insolvency.
- ✅Furthermore, the withdrawal will be processed back to the card, which can take a few business days to appear on your account.
- Furthermore, trading commodities as CFDs with Lime Fx allows for greater flexibility and easier access to global commodity markets.
Lime Fx has an online application form, which is the standard operating procedure. No, Lime Fx does not accept clients from the United States due to regulatory restrictions. Lastly is the “learn forex” page, where you will get a brief overview of what forex is. There is nothing special about this page, and it barely covers the basics, if that. It is more of a platform tutorial showing users how to buy and sell using Trading Station.
These platforms allow traders to follow seasoned professionals, providing an excellent way to diversify portfolios and learn from others. However, the availability of these options may vary based on region and regulatory requirements. In addition, Lime Fx offers Professional Education, including webinars and seminars led by experienced traders and analysts, aimed at refining skills and expanding knowledge. Lime Fx offers a good selection of tradable assets mainly focusing on the most popular assets and instruments selection, including cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin.
Lime Fx’s proprietary Trading Station platform also provides diverse charting, analysis, and fast order execution with an average of 19 milliseconds, making it suitable for all levels of traders. Lime Fx offers tight spreads on major currency pairs, which is particularly advantageous for those using Active Trader accounts. These accounts enjoy spreads starting as low as 0.2 pips, catering to professional and high-volume traders who require narrow spreads to maximize their trading efficiency. For those using Standard accounts, spreads are slightly wider, beginning at around 1.3 pips for major pairs such as EUR/USD. This arrangement makes Lime Fx a suitable choice for retail traders who might not trade as frequently or with as much volume.