Since there is no deposit fee, Lime Fx broker will not deduct any amount from the deposits you make. Lime Fx offers a wide range of trading instruments, quality customer service and an in-dept educational platform. The more assets there are to trade, the more opportunities there are to make money; and the more diverse the assets, the more likely it is that you will find something that fits your trading style. Some specialize in foreign exchange (forex) trading; while others focus on stocks, options, or other securities. Lime Fx trading broker is regulated by several regulatory bodies, which ensure that it keeps users’ funds safe and secure at all times. These regulatory bodies include the Financial Services Commission, ASIC, and CySEC.
What platforms does Lime Fx offer?
- From here traders can manage their account, including depositing and withdrawing funds, claiming promotions, checking positions and leverage, and accessing the trading tools offered through Lime Fx.
- Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our Lime Fx trading Review.
- Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
- We believe that Lime Fx’s spreads are reasonable but not as competitive as some rival brokers.
As a result, the broker client’s funds are stored in segregated accounts at top-tier international institutions like Barclays Bank. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. One of the primary resources is the daily market analysis, which includes interesting insights into major financial markets, updates on significant economic events, and analysis of key market trends. While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs.
- Lime Fx’s customer service is easy to access and provides support in multiple languages.
- To do this, one must provide the broker with documents verifying the identity of the account owner.
- Free demo accounts allow you to practice your trading strategies and get a feel for the broker whilst micro accounts allow new traders to get going in the market with a minimum initial investment.
- Yes, Lime Fx is regulated by the Financial Services Commission, ASIC, and CySEC.
- Due to AU and EU regulations, Lime Fx does not offer any Trading Bonuses and Loyalty Programs to retail traders within Europe and Australia.
- In other words, opening a trade with the Micro account, a 1 Lot position on EUR/USD gives you exposure to $0.1 per pip (or 10 cents per pip) movement.
Lime Fx equity indices
Lime Fx keeps a clear charge schedule overall, but traders should take these extra expenses into account while running their accounts. Lime Fx Fees are ranked average based on our testing and compared to scammed by limefx over 500 other brokers. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge. The instrument selection is favorable too for those prefer good diversification, not thousands like coompetitors but still good.
Account:
During our review, we discovered that, whilst opening a live account involves a greater amount of form filling, the process could be completed within five minutes. It did used to offer markets in Bitcoin but has positioned itself as more of an expert service for trading in other markets. The VIX, otherwise known as the ‘Fear Index’ reflects market appetite for risk. Trading it can offer a ‘hedge’ against other positions in a portfolio. Setting up an account at Lime Fx is easy and the minimum balance required to open an account is a super-low $5. Being subject to the rules and regulations of high-level regulators requires Lime Fx to follow a range of Know Your Client (KYC) protocols.
List of Lime Fx commodities CFDs
First, following one year of no account activity, there is an inactivity cost of $15; if the account continues inactive, a monthly charge of $5 follows. This charge helps pay administrative expenses and motivates aggressive trading. Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk of losing more than the available balance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high limefx scammers level of financial risk.
Is Lime Fx a regulated broker?
As an example assume that the interest rates in Japan and the US are 0.25% p.a. Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. Lime Fx uses a 3-day rollover on Wednesdays for positions kept over the weekend to adjust for weekends. Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by the Australian Securities and Investments Commission (ASIC).
What Instruments Do Accounts Have Access To?
Withdrawals are only possible after the verification process has been completed. To do this, one must provide the broker with documents verifying the identity of the account owner. The verification process at Lime Fx Group broker is relatively simple and does not require many documents. To become a company client, you must only provide proof of identity (POI).