This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. We aren’t impressed with the additional trading features available. Based on our evaluation, there aren’t many forex tools to improve the trading experience.
Lime Fx Review
At the same time, though, they can get rather complicated – thankfully, as you’ll see in just a minute, this is not the case with the Lime Fx app. Our only minor complaints are the subpar education, research and copy trading application. Importantly, during our tests, the live chat was quick and easy to use with responses in less than a minute and email responses within 24 hours. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro.
Is Lime Fx Good For Day Trading?
- They offer three forextrading account types, as well as a demo account.
- I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems.
- The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
- With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.
- We have been fairly impressed with the customer service provided.
Yet again, though – while many user Lime Fx reviews aren’t going to tell you this, the platform in question has support for this feature. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope. Lime Fx offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. Additionally, the broker charges withdrawal fees which vary depending on the method you choose.
Their website limefx website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,Lime Fx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. Lime Fx is an online broker offering stocks, options, forex and bonds through professional platforms and apps. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique. Read our detailed website review and decide if Lime Fx is for you.
Final Thoughts: Lime Fx Review
We will help to challenge your ideas, skills, and perceptions of the stock market. Every day people join our community and we welcome them with open arms. We are much more than just a place to learn how to trade stocks. Our watch lists and alert signals are great for your trading education and learning experience.
Over 155,000 traders from more than 130 countries have registered an account with the firm. All personal information is secure and safeguarded when processed on the website. Lime Fx’s mobile applications also offer a PIN or fingerprint authentication.
Web Trading Apps
Lime Fx is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees. You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity. I like how they take an individual approach to each client regardless of your investment size and have 24/7 support. There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100.
We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more of their initial investment.
Coincidentally, one of the first benefits you’ll find mentioned among Lime Fx reviews are the fees available with this brokerage. We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user Lime Fx reviews that outline the best benefits and features of the platform. Lime Fx supports various deposit andwithdrawal methods, including wire transfers, credit cards, PayPal, Skrill, andNeteller.
With the MT5 Global account, you have access to 50 limefx forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. Based on our tests, Lime Fx is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips.
For investors who want to trade on the go, Lime Fx provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Lime Fx offers ultra-fast trade executions, low fees and powerful platforms, making it a good pick for day traders. Lime Fx Online Ltd is a broker based in Cyprus and regulated by the CySEC.
IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. Obviously, Lime Fx isn’t your standard cryptocurrency exchange – it has a separate section for an asset and security brokerage, and also a cryptocurrency exchange part, too!
There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. Free daily mailout of analytical reviews and forecasts for the current date. Just choose the course level that you’re most interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library. Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos.
For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead. Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto. If you’re wondering is Lime Fx safe, however, I do have good news for you – both the exchange, and the interfaces that it utilizes are completely safe to use. The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best.