Lime Fx Review 2024 Pros & Cons For Forex Traders
by user user on 31 มกราคม 2023
It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. Lime Fx ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, Lime Fx offers its proprietary platform, designed to cater to its customers’ specific needs.
Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews.
- If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.
- This service is for clients who prefer to make investment decisions with professional assistance.
- Each day we have several live streamers showing you the ropes, and talking the community though the action.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
The broker is most likely to appeal to independent day traders and active swing traders looking to keep costs down while accessing advanced technology and analysis tools. Algorithmic traders may also have an interest in Lime Fx given the ease with which APIs and custom automated trading applications can be connected. Lime Fx also offers the Try2BFunded program for those looking to become professional traders.
Is Lime Fx Regulated?
In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts. 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). The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest.
They also extend their reach to cater to queries during extended hours. Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months). Once verified by the Lime Fx account team, you can then fund your account and commence trading. There is something for everyone to trade with thousands of financial instruments available.
How To Open A Live Account
I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your Lime Fx trading account. Using free market research of Lime Fx’s experienced analyst team, clients get the opportunity to create their own investment strategies. 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.
Forex Assets
The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. limefx scam Lime Fx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads.
Lime Fx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. Each profile on Novoadvisor shows full transparency so investors can decide whether a strategy fits their personal needs and expectations. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. Platform fees vary between $25 and $595, though CQG Desktop is free.
Every day people join our community and we welcome them with open arms. We are much more than just a place to learn how to trade stocks. 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.
Trader platforms
Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences. Lime Fx doesn’t charge withdrawal fees, but external payment providers may have their fee structures.
The broker’s limefx broker reviews customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. Based on our tests, Lime Fx is an excellent broker for active forex traders.
If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. We have members that come from all walks of life and from all over the world. We love the diversity of people, just like we like diversity in trading styles. If you would like to contact the Bullish Bears team then please email us at bbteam@bullishbears.com and we will get back to you within 24 hours.
The fact you can get free access to it via the broker is great. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports.