This makes the firm a good option for active forex traders and scalpers in our opinion. Our only complaint is that while this broker offers negative balance protection on their Standard limefx reviews account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. Looking at the negatives, Lime Fx scores poorly when it comes to education, reducing its suitability for beginners.
- We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started.
- 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.
- Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported.
- There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library).
- Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts.
Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff. But we also like to teach you what’s beneath the Foundation of the stock market. Each day we have several live streamers showing you the ropes, and talking the community though the action. We also offer real-time stock alerts for those that want to follow our options trades. You have the option to trade stocks instead of going the options trading route if you wish. People come here to learn, hang out, practice, trade stocks, and more.
An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader.
Company History
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).
You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis. I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts. If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. Lime Fx is an online broker offering stocks, options, forex and bonds through professional platforms and apps.
The Trustpilot Experience
From on our assessment, Lime Fx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. With that said, traders should be aware that the available instruments vary depending on the account you have.
Our trade rooms are a great place to get live group mentoring and training. Lime Fx has solid trading platforms and competitive commission fees. Moreover, Lime Fx + is user-friendly and a cut above many brokerage-provided platforms. However, active traders may require a more sophisticated platform. In our assessment, Lime Fx is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds.
There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the Lime Fx website and seek independant advice. Lime Fx provides a free, web-based platform that’s more advanced than most brokerage platforms.
Free Trading Courses
Other brokers with managed accounts to consider include Key to Markets. Trading Central is an award-winning fusion of automated analytics & analyst research that has been supporting traders since 1999 and is available in 32 languages. It offers robust coverage of 75,000+ instruments to help investors broaden their trading strategies and diversify their portfolios. I think this is an excellent market analysis software that could easily cost thousands as a standalone product. The fact you can get free access to it via the broker is great.
IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. CQG is available in various different high-end terminals both for investors and for speculative traders. This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. Lime Fx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it.
The service is also accessible to all, not just Lime Fx clients. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. Commissions on withdrawals vary, with the highest coming in at 2.8%.
Forex Tools
FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge. Keep in mind that your bank may also charge fees for transactions. All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission. ECN accounts incur a 2.25% to 3% commission; Trustly and UnionPay are free to use.
We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers limefx scam we use. This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged.
Lime Fx also offers the Try2BFunded program for those looking to become professional traders. If investors successfully pass both steps, they receive access to a funded real-money account and can trade on the firm’s capital (a monthly subscription fee applies). Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
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