It is an automated investment adviser for creating and managing an investment portfolio with minimal human intervention. Investment portfolios are calculated individually for each client, based on the results of a questionnaire with 8 questions to determine your preferred risk preferences. The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures.
Customer Service
Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
Deposit and Withdrawals
Our review shows Lime Fx scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA.
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They also extend their reach to cater to queries during extended hours. Lime Fx is a front-runner among the diverse online brokerages on the market. The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution.
The options chain also highlights in-the-money options for faster decision-making. Note, all clients must be 18 years of age or older to open an account. With this live account, you cannot trade CFDs on shares, stocks, futures and bonds. When comparing Lime Fx vs Interactive Brokers, for example, the broker comes out on top in terms of limefx options pricing. It goes against our guidelines to offer incentives for reviews.
MetaTrader5 -MetaTrader 5 is a multi-asset trading platformsupporting stocks, futures, forex, and CFDs. It offers single-window trading,advanced charting tools, and a depth of market feature. MetaTrader 5 is offeredwith Lime Fx’s MT5 Global account and can be used as a desktop, mobile, orweb app. We are pleased to see that Lime Fx offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk.
Lime Fx offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, limefx reviews options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. Lime Fx’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. Lime Fx is an online broker offering stocks, options, forex and bonds through professional platforms and apps.
On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make a profit. This means the broker effectively acts as a middleman to give traders access to the forex market.
The broker provides access to trading major, minor, and exotic currency pairs. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. Lime Fx is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016.
Account Types
The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference.
This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Lime Fx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans.
Lime Fx doesn’t charge withdrawal fees, but external payment providers may have their fee structures. Lime Fx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. Lime Fx offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies. Traders can withdraw money via the secure and user-friendly back office, which lists all available withdrawal methods. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based MT5 Global account. The most ignored trading costs are swap rates on leveraged overnight positions.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- These simulation accounts are a great way for beginners to learn more about forex trading without financial risk.
- Lime Fx+ is a browser-based platform that requires no software download.
- They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity.
- Other sectors need to be included or underrepresented besides the 25 commodity CFDs and futures.
I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia. This allows them to maximise order execution speeds, from 0.05 seconds. They offer direct access to the markets with competitive commissions, reliable execution and maximum liquidity from their liquidity providers (LPs). Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips.
