Forex Trading in the Global Currency Market
It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. Lime Fx Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs. They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort. In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy.
For this, you will first have to understand what your interests are in the Forex trading market and choose the account that fits these interests best. This account is a perfect fit for those who follow strict sharia law and they pay a limefx forex broker fixed fee instead of swaps. This type of fee is not an interest payment and fully depends on the direction of your order. Because of the way it works, it is also sometimes referred to as a swap-free account. As for the micro ultra, the lot equals 1,000 units of the asset traded.
- Founded in 2009, Lime Fx has grown to become one of the leading online Forex brokers in the world.
- We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
- I like the fact that they take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience.
- I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way.
Fees & Commissions
MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. Lime Fx pioneered offering an MT4 platform with trading execution quality in mind. Lime Fx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading.
Micro account of Lime Fx
However, keep in mind that shares can only be traded with the special Shares account. There are over 1,200 assets available for traders to choose from on Lime Fx. While this might not sound like much, especially compared to other leading brokerages in the market, it should still be enough to give traders the opportunity to easily find the kind of trades they might be looking for. Founded in 2009, Lime Fx has grown to become one of the leading online Forex brokers in the world. With over 5 million clients from as many as 190 countries, Lime Fx Is one of the most established brokers currently online. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
What Influences Prices in Forex Trading?
It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform. You can trade forex and CFDs on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and flexible leverage. If you want as many trading instruments at your disposal, then you should probably opt for MT5. Even if you only trade forex now, think about how easier it would be if you want to diversify in the future. If you want something more advanced, cTrader is another platform to consider but is not offered by as many brokers. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
The account type that you choose will probably depend on your investment size and trading style. If you are a scalper then you might want to consider the zero account as it has the lowest spreads from 0.0 pips. If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment. I always start on a demo with a new broker just to get a feel for what they have to offer.
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish. Lime Fx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
Lime Fx offers a special account for beginners to practice more and gain higher experience and expertise in the market. These licenses allow Lime Fx to offer services to traders in different parts of the world. Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world. Rates, terms, products and services on third-party websites are subject to change without notice.
Lime Fx Broker Review – Trade over 1,000 available assets now
For those who prefer not trading CFDs, Lime Fx offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly. Lime Fx offers free webinars presented by highly skilled forex professionals who joined forces under the guidance of the Guru to provide free interactive webinars available for anyone on the globe. A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd. Lime Fx Group has over 450 employees with customer service in over 30 languages available 24/5. Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7).
Login with your email if you just registered, or you already have an Lime Fx profile.If you don’t have an Lime Fx profile yet, enter your MetaTrader credentials to proceed with creating one. The Lime Fx profile consolidates all your trading accounts under the same email, allowing you to login with your email address. limefx reviews In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients.
This means that no matter what goes wrong, traders will be able to access their funds. Even if the broker goes bankrupt, you won’t have to worry about the balance you had with the broker disappearing overnight. However, in addition to increasing the prospective profits made during Forex trading, high leverage can also increase the possible losses. To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted.
This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative. To guarantee the safety and security of its clients, Lime Fx has adopted numerous regulatory guidelines over the past few years. These regulations are aimed at ensuring that every single client of the broker has the opportunity to ensure the safety and security of their funds, while also enjoying high-quality trading services. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving.
