But with Lime Fx there’s no commissions and no SWAP/Rollover charges for all Indices and GOLD & Silver. I can easily hold my trades for days and weeks without worrying about swap. Thanks to the global presence of the broker, they also have in excess of 20 numbers you can call from around the world to access customer service.

Every link was doing circles without answer to my questions about my closed positions. Andres helped me providing information what happened to my closed positions regarding to instruments. To me is very important to get support from a person with the right answer, not from chat bots with useless information. Unlike OANDA, Lime Fx has a fixed minimum deposit amount for its traders.

• With their history laid to rest, Lime Fx now offers great prices and a quality education suitable for most traders.
• 39 currency pairs, for example, would put Lime Fx at the lower end of the broker for currency choices.
• OANDA was fined $20,000 by the NFA in 2021 and $500,000 by the CFTC for regulatory breaches in 2020.
• To qualify for the one-year free access, you just need to deposit at least $300 into your Lime Fx account.
• Our Lime Fx broker review team is pleased to let you know that, if you are trading from within the UK or the EU, your funds are protected in the rare event that the broker files for insolvency.

Institutional trading service:

You will notice that the spreads¹ are competitive, especially as accounts do not have steep minimum deposits or commissions. Active Traders have even tighter spreads than Standard accounts, however, so this may be something you want to look into if you are a high-volume trader. Filippo Ucchino created InvestinGoal, an Introducing Broker company offering digital consulting and personalized digital assistance services for traders and investors.

• Many praise Lime Fx’s integration with popular tools and tight spreads, while some raise concerns about slippage, stop-loss gaps, or occasional account freezes.
• Most traders will easily satisfy it by sending a copy of their ID and one proof of residency document, satisfying regulatory KYC/AML requirements.
• As we have already mentioned, Lime Fx does not charge trading commissions.
• Information on this website might not be in real-time or entirely accurate, with prices potentially sourced from market participants rather than exchanges.

You will also find an ‘On Demand’ section with topics that all skill levels will appreciate, such as Fibonacci’s and low-volatility trading. Additionally, you can trade the CryptoMajor basket, which features limefx website five important cryptocurrencies, allowing for risk management. Please note, the availability of cryptocurrencies is subject to regulations. The third parties which hold Lime Fx client funds have credit ratings that are equivalent to the Credit Quality Step 5 rating from the FCA. Additionally, Lime Fx takes care when selecting these third parties and periodically reviews them. This fee varies depending on the amount converted and can have a markup of between 10 and 150 pips.

Lime Fx provides negative balance protection for retail clients in its regulated entities (UK, EU, Australia). Clients should understand the specific terms based on their categorization and entity. These include online courses, webinars, video tutorials, trading guides, eBooks, and a forex glossary. They cover various topics such as technical analysis, fundamental analysis, risk management, trading strategies, and more. The simulator also offers features like customizable trade sizes, various order types, and real-time charting tools to enhance the trading experience.

Trading platforms

Lime Fx has a section dedicated to ‘Forex Trading for Beginners’, which is a full course for beginners. It starts with an introduction to forex and also covers topics such as pips, leverage, and developing a strategy. In other words, you can trade indices from the United States, Australia, China, Spain, France, Germany, Hong Kong, Japan, and the United Kingdom. An important note is that depending on the country you live in, you may have to open an account with a specific trade name of Lime Fx. There are specific trade names for the UK, France, South Africa, and Australia.

Independent reviews rate Lime Fx favorably for its reliable platforms and competitive trading environment, but mention occasional concerns with fees and account access. Overall, traders highlight solid performance and features, with a common request for clearer fee structures. Lime Fx offers live chat, email support, and phone support around the clock Monday to Friday.

However, tax laws vary, so traders should consult a professional to understand their obligations. Lime Fx offers a secure trading environment backed by top-tier regulatory oversight and stringent client fund protection measures. Traders can have confidence in the safety of their investments when trading with Lime Fx. Arash Doostelahi is a dynamic content writer and online course creator based in Tehran, Iran, with expertise in content strategy, instructional design, and digital storytelling.

These floating spreads start from 1.3 pip on forex but they can drop lower to a starting point of 0.2 pips if you qualify for the active trader program. Our Lime Fx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does Lime Fx offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms. Lime Fx’s range of trading platforms caters to every style, from beginners to advanced traders who demand powerful tools. Whether you value automated systems, advanced charting, or intuitive web and mobile access, Lime Fx’s flexible platform suite puts you in control of your trading experience. Lime Fx offers competitive trading fees, including low spreads of 0.6 pips on popular currency pairs like AUD/USD.

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. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. limefx forex broker 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.

Lime Fx provides MetaTrader 4 (MT4), Trading Station, and NinjaTrader, along with mobile trading apps for traders who prefer flexibility and mobility. EToro is regulated by major financial institutions including the FCA, CySEC, ASIC, and the US Securities and Exchange Commission. Since its launch in 2007 it has become home to over 20 million traders worldwide. The Lime Fx Rebate Program is ideal for investors who are active in the financial markets.