Compare Platforms Lime Fx

The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. This is Lime Fxs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account.

Lime Fx’s offshore entity offers up to $200 as a welcome bonus when you open a live account. The actual amount you receive depends on how much you deposit in your first week of trading. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs.

Trading Fees

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Lime Fx’s Standard account is commission-free, with costs embedded in the spreads. However, the Active Trader account offers tiered commissions with potential savings for high-volume traders. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers.

Deposit and Withdrawal

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Fees and commissions

These regulations provide certain protections for traders, including negative balance protection and segregated accounts, and ensure compliance with industry standards. Lime Fx offers a free demo account for traders to practice trading in a risk-free environment. They serve as valuable resources for traders looking to make limefx review informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers.

Lime Fx’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor limefx reviews for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Lime Fx’s pricing for forex trading is slightly higher than the industry average. In December 2010, Lime Fx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, Lime Fx.

ForexBrokers.com 2024 Annual Awards

While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. Experienced Australian forex traders that require a very specific niche forex platform should consider Lime Fx. Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders.

Execution

• Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection.
• For example, indices like the S&P 500 or the FTSE 100 will have trading hours that correspond to the opening hours of the underlying stock exchanges.
• The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month.
• The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them.
• The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital.
• Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals.
• Experienced traders who think Lime Fx has sufficient instruments will find no shortage of tools to help them with analysis and charting.

Lime Fx offers a diverse range of powerful trading platforms tailored to suit various trading strategies and preferences. Among them are Lime Fx’s flagship Trading Station Desktop, Mac-friendly Trading Station Web 3.0, mobile platforms, and MetaTrader4 for those who use Expert Advisors. When it comes to forex trading, compliance and regulation are of utmost importance.

Trading Conditions

An Lime Fx No Dealing Desk Brokers determines the best execution means which can result in Lime Fx acting as a market maker or using a dealing desk. Yes, Lime Fx is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa. The trading hours for CFDs on stocks, indices and commodities may vary depending on the specific market. For example, indices like the S&P 500 or the FTSE 100 will have trading hours that correspond to the opening hours of the underlying stock exchanges.

• Whether trading Forex, Stock Indices or Commodities, Lime Fx would like to thank you for your ongoing commitment over these past two decades.
• Whilst not as fast as some forex brokers we have tested, these are similar to most competitors.
• Lime Fx is a market-making broker with a long history in the market, having been founded in 1999 in New York.
• In our 2024 Annual Awards, Lime Fx finished Best in Class for its excellent Platforms and Tools.
• Average spreads at Lime Fx are more favorable for active traders or clients residing in the EU, U.K., or Australia.
• The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts.

The 1st tier ranges from $10 to $25 million traded per month and pays $5 per million, while the 5th tier pays $25 per million if you traded a minimum notional amount of $300 million per month. Lime Fx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its Lime Fx YouTube channel. Transparency allows for active two-way communication with peers to exchange ideas and thoughts garnering mutual respect and trust with co-workers.

Domestic wire transfers take one to two working days while international wire transfers can take three to five business days. Whilst not as fast as some forex brokers we have tested, these are similar to most competitors. I was especially happy to see that it is offered without any time limit or other restrictions, meaning that you can continue to use it as a strategy testing tool long after you register with Lime Fx. 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.