This account features a hybrid ECN/STP execution system to provide zero commission trading while maintaining competitive spreads. There is no account minimum and three available base currencies, GBP, USD and EUR. For clients that wish to monitor and add to positions on the go, Lime Fx supports the MetaTrader 4 mobile app, which is available to download for both Android and iOS.
Lime Fx vs Other Brokers
This average customer rating is based on 7 Lime Fx customer reviews submitted by our visitors. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Lime Fx does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
Should You Trade With Lime Fx?
If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. A margin call is what happens when a trader runs out of free margin. If there is less amount deposited than required under the terms of leverage, open trades in Forex are automatically closed.
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This feature indicates that Lime Fx is perfectly fine with teaching new traders the ropes. There are three basic sizes of trade positions that can be executed in retail forex trading. Forex traders must know the basic sizes of trade positions that can be used to buy or sell limefx an asset or currency pair. Many brokers use special offers to entice new customers to sign up, such as a no deposit bonus. Lime Fx is no exception to this and offers new clients a 100% deposit match bonus of up to $2,000 on their first deposit following registration.
Range of platforms
Lime Fx places its clients’ funds in segregated accounts with several international banks, separate from its own accounts. In conclusion, leverage is a double-edged sword that can significantly increase your profits and losses. This explains why regulators in the European Union(1), the UK(2) and beyond have sought to cap leverage available to retail traders.
User Experience
We also like that 4xc.com accepts all trading styles on MetaTrader 4 and 5. Its trading conditions are competitive, particularly on its Pro and VIP accounts designed for high-net-worth individuals. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil.
- But we must not forget that this is a double-edged sword, as it increases both profits and losses.
- Where L is leverage, E is the margin amount (equity) and A is the asset amount.
- Wherever you slice it, they have yet to disappoint me in ways that matter.
- You would expect one of the leading ECN-STP brokers to provide you with the latest, cutting edge, platforms on which to trade and at Lime Fx we never disappoint.
Compare Lime Fx with Other Brokers
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the Lime Fx platform. Lime Fx’s investment offering is excellent for forex traders but weak in other departments. Still, Lime Fx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).
Clients can also log in to the trader’s hub from a mobile device for account management. Leverage is like a financial magnifying glass—it allows traders to control larger positions with a smaller amount of their own capital. It’s akin to borrowing money from a broker to make bigger trades than you could on your own. Lime Fx uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.
As Lime Fx offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. However, Lime Fx will apply a $5 mark-up per lot, per side, if you open an account through us. At Lime Fx we often use a motto that we have adopted over the years; “from small acorns great oaks will grow”. Every ECN trader starts somewhere that is why every Lime Fx client is treated as an individual, a VIP, who will enjoy a personal, unrivalled level of service.
While Lime Fx is regulated in Cyprus by the CySEC, this licensing does not offer clients the protection of a major body like the FCA. Whether you have withdrawal problems, require help using MT4 or have a general inquiry about the broker, speedy and effective customer service is a must. In this section, several questions on leverage and margin are to be https://limefx.vip/ addressed. Trading with leverage has the first and most important benefit of earning more money for less work. Leverage is a financial tool that maximises your profit from each transaction by multiplying the stakes, regardless of your trading instrument or how much you’re staking. Perhaps, it’s one of the most significant characteristics for traders.
Clients can practise investing on the provided risk-free demo account before committing to a full Lime Fx account sign up. Demo users are given 10,000 units of their preferred currency to familiarise themselves with the forex and CFD markets on the MT4 platform. Spreads start from 0.0 pips for the EUR/USD forex pair but are variable and fluctuate throughout the trading day.