They offer MetaTrader 4 (MT4) & the latest MT5 platforms, and they also have their platforms for forex trading (Lime FxTrader) & copy trading. Their Metatrader platform has support for desktop, web & mobile. Their number of trading instruments are limited compared to other brokers. But they do offer CFDs on Commodity (Gold), Indices (like NASDAQ), stocks, & Cryptos.
Your funds will be ready on the Lime Fx account almost instantaneously, except for the bank wire deposits which may take a couple of business days to get through. They offer an unlimited demo account with a virtual balance of $100,000 and real-time data. Lime Fx is under stringent oversight, ensuring a secure trading environment. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. It is very important to assess the credibility of a broker when determining whether they are a fit for your trading needs. To assess the credibility of a broker, traders should prioritise their regulatory status and their overall reputation.
Lime Fx – 100% Deposit Bonus
- But still, in general if there are similar brokers, equally well regulated, choose the one with lower pricing structure.
- Read our in-depth Lime Fx review to see detailed comparison for their fees, regulations & more.
- FXTM offer a wide range of trading instruments, 63 major, minor & exotic currency pairs, CFDs on commodities, metals, indices as well as stocks.
- But most CFD brokers don’t offer APIs, some that do, they ask you to contact their support for access to trading API.
The minimum deposit to start trading with Lime Fx is USD 5, or the equivalent amount in another currency. However, for a deposit of only USD 100, traders will get access to the exclusive Lime Fx ZERO Spread Account. This account offers traders access to very tight spreads directly from the major liquidity providers, without any mark-up added by the broker. The account is instead commission-based, with commissions starting at USD 0.04 per 1K lot.
Why Our Reviews Set the Standard
Think about it in terms of how much balance you should have in your account to handle the risk you are going to take on your series of trades. In this example, if you are trading 1 Standard Lot (100,000 units), then at 1 pip, the broker would make $10 from your trade. If you trade 500 lots in a month, then your broker would in theory make $5000 from your trades, if the only fees they charged you is spreads & commissions. This is not a strict requirement, but it is good to have a broker that offers its API, especially if you are a professional trader. But most CFD brokers don’t offer APIs, some that do, they ask you to contact their support for access to trading API. In some cases, market maker brokers can have lower fees than STP brokers.
Lime Fx’s Education and Market Analysis
Although many withdrawals are processed within same day or 1-2 days. According to us, their fees is lowest with Pro Account if you are looking to trade without any extra commissions per lot. They are a well regulated broker & are regulated by FSCA, FCA, CySEC, so we consider trading with them to be limefx safe for South African traders. There are over 50+ Forex Brokers that accept South African traders. Most of these brokers claim to offer more or less the same features & trading environment. The minimum deposit and withdrawal on credit cards, e-wallets like Neteller, and wire transfers vary depending on location.
Overall, we found Exness to be a broker with one of the lowest spread for Standard accounts, while Tickmill has lower overall fees for commission based account types. With an intuitive and modern app, Lime Fx gives you a mobile experience tailored to suit your trading needs and demands. Using the Lime Fx mobile app, you can securely manage trades on multiple accounts, open, modify, and close positions, and analyze trades using popular charting tools and indicators.
The radar chart to the left illustrates the weight of each category in our final scoring system. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. Traders who open a demo or live account will get access to the Lime Fx e-Course.
We were also able to access the Lime Fx podcast; generally published mid-week, this is a detailed look at recent market movements and a look limefx broker reviews ahead to potential market-impacting events. Overall, we found that the analysis provided by Lime Fx’s experts is detailed and accurate and is on par with the in-house research provided by other large international Forex brokers. In partnership with FXSTREET, a respected market news aggregator and publisher, Lime Fx provides a constant stream of news that impacts the markets. While the main focus is on geopolitical events and macroeconomic movements, we found that there is some reporting on technical analysis – mainly from large banks and other financial institutions. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies.
- This includes Lime Fx educational videos, Training course videos, Forex education/e-course, Live Webinars, Events, Exclusive analysis, and a Podcast.
- And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees.
- This Lime Fx broker review found that HF Markets is a hybrid broker and it does not take the other side of its client’s trades resulting in no conflict of interest.
Traders appreciate the hassle-free account opening process, reflecting Lime Fx’s commitment to user convenience and satisfaction. 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.
The license allows the broker to act as the counter party, meaning they can be the issuer of the derivative you are trading. For example, if you are trading EUR/USD, and the broker is an approved ODP, then your broker can act as the market maker of this instrument. So, they are the issuer or seller if you are the buyer, and are taking the opposite side of your trades. The following are the Top-tier Regulators for Forex & CFD trading in various countries. If a forex broker is regulated by more than 1 of these major regulators then it is considered to be a low risk brokerage. We have found their support to be good in comparison to other brokers, and they are available via live chat, email & whatsapp number.
Whether you’re just starting or a veteran trader, our Lime Fx broker review team finds that this broker is an excellent trading partner. Our Lime Fx broker review team was pleased to see that there is a healthy variety of instruments to choose from. From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options.