Lime Fx is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029. Additionally, the Lime Fx group includes Damadah Holding Limited, which is based in Cyprus. With KYC (Know Your Customer) and anti-money laundering (AML) procedures in place,Lime Fx ensures its clients comply with the necessary regulations. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong.
- The broker also provides a wide range of educationalmaterials to help traders understand the share market better.
- Additionally, the Lime Fx group includes Damadah Holding Limited, which is based in Cyprus.
- Through videos, the Lime Fx platform also provides trading advice and market observations.
- The more you demonstrate that you value your clients, the more likely it is that they will return and refer others to you.
- ThePrivilege account has all features offered in Standard and Premium accounts.But average spreads are more competitive at 1.2 which allows traders to open more prominent positions with lowercosts.
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The entire trading system of Lime Fx isdesigned to be secure and reliable for its clients. In addition, the broker’scustomer service team is readily available 24/5 so that traders can get theirqueries addressed quickly. Most brokers charge swap fees for overnightpositions, and Lime Fx is no exception. The broker charges swap fees for longand short positions that remain open overnight.
Metals Trading
Spreadis the difference between the bid and ask price of a currency pair. The lowerthe spread, the more profitable you can be, as you don’t have to pay a lot infees for each trade. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage.
Extensive range of instruments
Once the account is active, starttrading with virtual funds or real money. In addition, like any other broker, Lime Fxlevies swap fees if the positions remain open overnight. Regarding safety and security, Lime Fx isregulated by the Seychelles Financial Services Authority (FSA). In addition,client https://limefx.biz/ funds are kept in segregated accounts in top-tier banks, and their personal information is guarded under SSLencryption. Leverage allowstraders to make a much higher return, but the disadvantage is that a smallprice movement in the opposite direction of the trade can magnify losses aswell.
What trading instruments does Lime Fx offer?
This platform is known for its user-friendly interface andcomprehensive features. It allows traders to access the markets with ease andexecute trades quickly. Lime Fx allows traders to deposit and withdraw funds through various methods. Skrill, Neteller, bank transfer, credit/debit cards are some of the most often used deposit and withdrawal methods on the platform.
Lime Fx Review: All You Need To Know
Trading carries a high level of risk and may not be suitable for all investors. In the case of Lime Fx, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry. This regulation ensures that Lime Fx operates in a transparent and compliant manner. Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice.
Lime Fx Instruments Summary
Onthe other hand, floating spreads are ideal for traders who want to takeadvantage of market movement. This is because the spreads in forex trading arehighly competitive and are among the lowest in the industry. Thebroker’s trading platform is the industry standard MetaTrader 4 (MT4). Inaddition, traders can also access MT4 WebTrader through any internet browser. The broker provides education opportunities for total novices and traders who want to hone their skills, as its recently added Academy section contains lots of useful information.
Inaddition, the broker offers low spreads on metals, and traders can takeadvantage of volatile market conditions. Astraders have options for both fixed and floating spreads, they can choose themost suitable type of spread for their trading strategies. Fixed spreads inforex help traders protect their capital and ensure consistent profits.
However,clients might need to pay third-party charges for using certain paymentmethods. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. While some investors limefx scammers might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk. Commodity trading offers lots of trading opportunities due to their low or negative correlations.
This means that traders willnever lose more than their initial investment, even if their trades areunsuccessful. Traderscan benefit from competitive spreads and flexible leverage across Lime Fx’scommodity range. Lime Fxoffers multiple payment methods for deposits and withdrawals, including banktransfers, credit cards, e-wallets, and more.
The app also provides market sentiment data,which helps traders better understand the markets and take advantage of marketvolatility. In addition, with real-time notifications, traders don’t have toworry about missing important news or market updates. The broker does not charge any extra fees for deposits, butclients might need to pay third-party charges depending on their paymentmethod. Overall, Lime Fx has competitive fees, makingit an attractive option for forex and other market traders. Regarding withdrawals and deposits, Lime Fxdoes not charge any extra fees for using their payment gateways.
Inaddition, forex traders can also trade exotic currency pairs, such as USD/MXN,EUR/TRY, and more. Theminimum deposit is $50, and the broker does not charge any deposit fees.Depositing money into your account is easy, and the funds are usually creditedwithin a few minutes. Thefee structure of Lime Fx is quite competitive In addition, the broker does notcharge fees for depositing funds, and withdrawal fees may apply depending onthe payment method.
NBP helps protect traders from suffering largelosses in case of sudden market movements. It is a mechanism that prevents theaccount balance from going into negative territory and ensures that tradersdon’t end up owing money to the broker. Indices trading comes with a higherflexibility of short and long positions. With the help of sophisticated tradingtools, traders can make informed decisions while trading indices on the Lime Fxplatform. Lime Fx offers a wide range of payment methodsfor deposits and withdrawals.
Lime Fx is a regulated broker operating underthe Seychelles Financial Services Authority and offering a wide range oftrading instruments, including forex, futures, commodities, shares, andindices. The platform provides traders with an intuitive experience andadvanced features, such as one-click trading and a range of technicalindicators. Lime Fx also offers educational materials, multilingual customersupport, and four types of trading accounts. What makes this brokerage firm stand out from the competition is it provides traders with spreads starting from as low as 0.0 pips, flexible leverage, fast execution, and fast deposits and withdrawals. The brokerage office offers a good line of trading instruments to decide between, including futures, commodities, metals, indices, Forex, and shares.