Online Trading in the financial market and trading in CFDs Lime Fx Online Forex Broker
Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, Lime Fx became one of the most competitive Forex brokers. I highly recommend it limefx scam to all traders, particularly algorithmic and high-volume traders.
FXPrimus Broker Demo Account
Besides the volume-based cashback rebate and VIP programs, Lime Fx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. I like the Lime Fx trading fees in the ECN account and multi-tier leverage system. The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders. I also like that Lime Fx ensures traders operate from a trustworthy and secure trading environment. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- The secure Lime Fx back office handles all financial transactions for verified clients.
- You will be able to familiarise yourself with the behaviour of the various financial markets that Lime Fx offers through the use of a Lime Fx demo account.
- Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
- You should be able to understand, through the use of the Lime Fx demo account, that volatility is a double-edged sword.
- Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Choose your type of account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.
The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that Lime Fx does not engage in unnecessary data mining as part of its registration process. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. 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 ECN account. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
Trade Demo, Earn Real cash!
Bank limefx broker reviews cards are charged from 2.2% and fees for bank transfer will depend on your bank. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer. There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay.
Copy-trading is also available in the RAMM account, where traders can earn up to 50% of investors’ profits on copied trades. If you’re trading in the Standard or Fixed account, commissions are included in the spread. Rollover or swap rates will also apply to positions carried over into the next day. MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading.
Lime Fx Demo Account Alternatives Guides
The broker offers two of the most popular trading platforms available, plus various account types to suit different traders. There are also some additional trading tools, including access to Autochartist and copy-trading features. Both Lime Fx demo and live trading accoutns on Lime Fx have the same user-friendly and straightforward trading platform. A CFD trade is speculation on price movement using borrowed money from Lime Fx, without owning the underlying asset.
In order to comprehend and effectively manage the psychological component of trading on Lime Fx, you will need to first gain experience in the real world. Your first “real” Lime Fx account ought to be opened with a sum of money that is on the lower end of the spectrum, that you can afford to lose. Withdrawal fees depend on the payment processor, and Lime Fx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and Lime Fx account must match.
MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Swap rates on leveraged overnight positions are also competitive, making Lime Fx an excellent choice for all trading strategies as long as they select the ECN option. A competitive ECN trading environment with audited and verified order execution.
Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency.
The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. Lime Fx demo accounts provide real-time quotes from all markets as well as a simulated Lime Fx portfolio that can be used to practise trading under real-world conditions. Price action, chart figures, support and resistance lines, and the correlations between different currency pairs are all able to be analysed using the Lime Fx demo trading platform.
The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Commissions are only charged in the ECN account which offers the tightest spreads. Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds.