This is an excellent selection that I would put up there with some of the best in the industry. However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000. The Lime Fx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released limefx reviews and the expected impact that it can have on the market. Don’t worry if you are not trading enough volume, you can still request the Lime Fx VPS in the Members Area for a $28 monthly fee.
Trade Forex, CFDs on Stocks, Metals and More
As such, an Lime Fx client sells one currency against another at a current market rate. Once you know which account you want to create, simply click “Open An Account” on the right side of limefx reviews the broker’s website. As you see below, you will be required to provide detailed information about yourself, which includes your first name, last name, phone number, location, email, etc. I found Lime Fx’s live chat the easiest and quickest way to contact customer support and the best part is, you will get instant response from human representatives during working hours and they will answer your questions. Whatever your interests, chances are you will find something to trade.
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 combined with strong regulation and a human approach, makes Lime Fx Group one of the best trading brokers available to traders worldwide. I have had an account with them for many years and they’ve never let me down. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. 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.
Get more than a trading account at Lime Fx
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).
Get More than a Forex and CFD Trading Account at Lime Fx
You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available. Other prominent MT5 brokers to consider who are on par with Lime Fx include Lime Fx. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison.
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.
However, it is a great option if you are new to trading and need some guidance along the way. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. This means that I can test most brokers with a platform that I am already familiar with.
The leverage is pretty much the same, depending on the location as well as the amount traded. Indices offered by Lime Fx give you the opportunity to have cost-effective and direct access to global markets. This includes the largest and best-known indices around the world, representing industries of countries like the US. One of the policies that Lime Fx follows is negative balance protection, which is specifically important for those who use leverage when trading. Leverage is quite a useful thing for Forex traders, as it can amplify the profits made during trading.
- This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators.
- As for the micro ultra, the lot equals 1,000 units of the asset traded.
- This includes daily market updates, economic events, tutorial videos, webinars, seminars and more.
- In forex trading, some currency pairs are nicknamed majors (major pairs).
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.
Lime Fx provides both web-based and downloadable trading platforms to their clients. Once you download the platform, you can simply log in using your account credentials. To match the interests of different traders, Lime Fx has worked very hard to offer a diverse array of account types. Thus, the broker is able to offer traders services that work perfectly for their trading needs.
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 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.
The broker also offers daily analysis and news articles, to keep you in touch with the most important events happening in the market. There is also a mobile application available for the trading platforms offered by the broker. This makes it very user-friendly and ensures that no matter where you go, you will always be able to keep in touch with the Forex trading market. As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider. Lime Fx Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection.
This means that rather than buying the commodities directly, the clients of Lime Fx simply speculate on the possible price movements of these assets. Commodities can play a huge role when it comes to portfolio diversification. Among the indices available on Lime Fx are AUS200Cash, SWI20Cash, US500Cash, and many others. Read our full explanation and accounting of our research and testing process to learn more about how we test.