The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but Lime Fx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. Lime Fx has a clean regulatory track record and established itself as a secure and trustworthy broker. Looking at the screen limefx reviews throughout the whole day, and watching how quotes jump does not give a sense of a presence in the market. I appreciate the support team of the Lime Fx broker for the help I get here in terms of conversations and questions that I ask about different issues.
Robust Regulatory Structure: A Beacon of Compliance
After all, I often scalp, and their low spreads create favorable conditions for this. Lime Fx offers a range of handy deposit options to suit traders’ requirements. Lime Fx notably charges no deposit fees, thereby enabling traders to begin free from further expenses. While bank transfers could take longer, e-wallet transactions usually take one hour, and deposits are handled rapidly.
Trading Platforms
The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security. An investment banking firm ‘Solomon Brothers’ coordinated the first currency swap of German Dutch and Swiss francs in exchange for the US dollar.
Comparison of the Best Forex Trading Platforms
- As of the latest information available, the company does not offer copy trading or other investment features on its platform.
- Every client at Lime Fx is bestowed with identical trading conditions, ensuring immediate execution of all trades with zero delays or re-quotes.
- Nevertheless, the instructional resources’ absence of interesting components like interactive quizzes or films could compromise the learning process.
- The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users.
- The service provider is BeeksFX, but Lime Fx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
- The asset being traded will affect these fees, which apply to both long and short positions.
However, due to other considerations, such as brokers’ data feed and commissions, interest cost will be charged on open trade positions (long or short). Lime Fx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
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Lime Fx provides quality trading conditions for traders who focus on MT4 trading and mainly Currency Pairs provided with low costs. Serving both beginner and experienced traders, Lime Fx has a variety of instructional materials meant to improve traders’ knowledge and skills. Basic e-books, educational articles, and a dictionary of key trading terms—which act as fundamental tools for understanding market dynamics—are available through the broker. Although the training materials are valuable, they are minimal compared to more all-encompassing offers from top brokers.
Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. There is a significant risk involved with the trading of financial instruments. Traders need to ensure that they have limefx broker reviews a clear objective before they trade financial instruments. At FX Central Clearing Ltd, our overarching goal is to manifest an environment characterized by unassailable security and trust.
Withdrawal Fee
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” For traders specifically interested in copy trading, it may be worth exploring other brokers that offer this feature. It’s always advisable to check Lime Fx’s official website or contact their customer support for the most up-to-date information on available features and services.
- In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments.
- They provides real-time quotes, technical charts, advanced analysis tools, and order execution features.
- This also applies to payments, and technical support, and the organization of trading.
- Our live tests recorded spreads as low as 0.7 pips in EUR/USD when using a Pro Account.
- Negative balance protection provided by Lime Fx guards traders from losing more than their account balance.
- Established in 2010, Lime Fx is a regulated broker providing forex, CFDs, commodities, and cryptocurrencies, among other trading instruments.
- We aim to provide our clients with the most competitive forex spreads available, even under turbulent market conditions and during pivotal data and news releases, ensuring a sustained trading advantage.
Several factors affect forex swap rates, including central bank policies, economic indicators, market sentiment, and geopolitical events. Traders should stay updated on these factors because they can affect interest rate differences and, in turn, swap charges. I decided to work with brokers right away during my long years of practice. My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry. So, I am currently working with three brokers, and one of them is Lime Fx. At first, I wouldn’t say I liked the small selection of cryptocurrencies, but I appreciated them when I took a deep look at their trading conditions.
Lime Fx is a well-regulated ECN/STP Broker that allows investors to trade on Forex, Crypto, Metals, Indices, and Energies. Lime Fx makes the trader-favorite MetaTrader4 trading platform available and the broker requires no minimum deposit and is known as “commission-free”. Yes, Lime Fx is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker. While St. Vincent & the Grenadines is an offshore zone with less strict financial regulations, Lime Fx is still considered safe to trade with due to its authorization by the European regulator. We at Lime Fx steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds.