Most traders will easily satisfy it by sending a copy of their ID and one proof of residency document, satisfying regulatory KYC/AML requirements. For deposits between $300 and $4,999, the referrer gets a $100 bonus, which doubles to $200 for deposits from $5,000. The referee must trade 200 or 500 contracts, respectively, within 90 days, making it a challenging low-payout bonus to receive.
New traders may appreciate a standard style account, as no commissions mean limefx scam a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The Lime Fx Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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. Lime Fx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies.
Spreads
Education is also taken very seriously with daily webinars and an excellent selection of very well-written content. We consider Lime Fx an excellent broker – it is overseen by tier-one regulators, has a strong industry presence, and offers tight spreads on forex pairs. The suite of advanced platforms and code-free automated trading tools is particularly strong. Lime Fx does trail industry leaders when it comes to market access, but it remains a strong contender for both beginners and experienced traders.
How can I deposit into an Lime Fx account?
Forex trading ‘A to Z course’ is available to account holders upon request. The video library contains easy to understand videos on platform use, forex introduction, order types and mobile platform tutorials. Overall, there is more than enough content for everyone to learn something new. This is the mobile version of the proprietary Trading Station platform.
- To find the exact amount of required margin to open a position, simply check under the MMR column on the Trading Station platform.
- These are good options if you want to reduce your risk exposure to a single currency.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- No, but you can trade CFDs on major stocks through an online broker like Lime Fx.
- Furthermore, CFD traders have the option to either go short or long by speculating on the potential price movements of the underlying asset without actually owning it.
- Use the Capitalise.ai app to manage your trades on the go; edit, stop or automate new trading strategies, all from your iPhone or Android device.
It means you can seamlessly access and manage your account across all platforms depending on what is most convenient for you at the time. I must say, they have one of the best selections of trading platforms I have seen. There are beginner friendly platforms, pro trading platforms and social trading platforms. They proudly offer access to a suite of award-winning algorithmic trading tools and services. I personally use the MT4 platform as it is the platform that I am most familiar with.
What trading platforms does Lime Fx offer?
The broker’s intuitive and easy-to-navigate website provides all the information you’ll need to open an account and begin trading in several markets. You can also open a demo account to test the broker’s services and platforms before committing any funds. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
It gives the latest news and happenings in the economic activities of different nations. This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions. Overall, I find their educational tools to be very useful, and I appreciate the chance to access them with a few clicks on the broker’s website. They serve as valuable resources for traders looking to make informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers. It means a lot to know that our platform meets your trading needs and that you are satisfied with the provided support!
Together, they write books, trade forex online for their own account and others, mentor traders, and have worked actively as professional freelance writers specializing in financial topics for over 15 years. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices. The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research. Lime Fx also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android. Lime Fx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs.
I actually prefer to maintain control over my own trading as I think this limefx scammers is the best way to learn from your mistakes and become a better trader. I also feel like some of the ZuluTrade strategies are quite high risk, utilising potentially dangerous grid trading and martingale money management. Therefore, it is imperative to do your own due diligence before copying any traders. Available for both Android and iOS, the copy-trading app enables you to access the markets and manage your account anytime, from anywhere. Trading signals are actionable trade ideas that may be readily applied to the open market. Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies.
The ForexConnect API offers the same functionality that is available on the powerful Lime Fx Trading Station. This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more. ForexConnect supports C++, C#, Java, VB, VBA, compatible with .Net, Linux, iOS and Android, and it is free which is great. FIX API is FIX Protocol standard designed for real-time, custom institutional interface which push up to 250 price update per second (not available on other APIs). An Lime Fx Trading Station account with a $5,000 minimum balance is required. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
This price is displayed on the trading platforms for clients to see. What this all means is that you can get your trades execute quickly and at the best available prices at all times. Lime Fx states that the advanced trading technology implemented is responsible for providing execution speeds of 31 milliseconds. I would always prefer to use a broker without a dealing desk is it removes any potential conflict of interest. I wouldn’t want the broker taking the opposite side of my positions. It provides high-quality educational resources, unrestricted demo accounts, and user-friendly platforms to help beginners learn and improve their trading skills.