Forex Trading in the Global Currency Market

We employ both manual assessments and automated testing through Expert Advisors, Indicators, and Scripts to ensure accurate and unbiased evaluations. Although a good range of contact methods are offered by Lime Fx, there is no customer support available on weekends. MetaTrader 4 on Lime Fx is tailored for forex traders looking to develop and execute automated trading strategies. Lime Fx offers traders the choice between MetaTrader 4 (MT4) and MetaTrader 5 (MT5), each catering to different trading needs.

Lime Fx: Lower Minimum Deposit

It is also licensed in Cyprus, which allows it to offer services throughout Europe, and Belize’s FSCA, which is an international regulatory body. After some thorough and detailed analyses of everything that Lime Fx has to offer, we are very glad to say that this broker can easily be trusted by traders around the world. Lime Fx has done its absolute best to ensure that every single customer finds something they might be looking for in this broker. During the registration process, one of the questions is which trading platform you want to use.

FXTM provides prompt service, yet customer support teams are only available 12 hours a day, 5 days a week. The broker can be contacted via live chat, phone, email and social media platforms such as Facebook and Twitter. As well as spreads and commission fees, Lime Fx and FXTM traders will incur swap fees for positions held open for longer than one day. Also known as overnight financing fees, swap rates are derived from interest rates for each currency pair involved in the trade. FXTM is a no dealing desk (NDD) broker with orders processed using straight-through-processing (STP).

Customer Service

1. We have a team of experienced professionals dedicated to providing accurate and up-to-date information.
2. The broker can be contacted via live chat, phone, email and social media platforms such as Facebook and Twitter.
3. This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative.

Leverage is quite a useful thing for Forex traders, as it can amplify the profits made during limefx scammers trading. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Lime Fx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.

Manage Your Account

Lime Fx offers USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, and RUB as base currencies for Micro and Standard Accounts. The online broker has no regulatory issues on record during its 15 years of business. Traders can use Expert Advisors (EAs) for market scanning and automated trade execution, with the ability to create EAs using MQL4 or download them from the MetaTrader Marketplace.

From my perspective, FXTM stands out as the better choice for UK forex traders. FXTM is FCA regulated, ensuring that UK traders receive the highest standards of protection and security. While both brokers serve the UK market, FXTM offers a more tailored experience for UK traders, with a focus on local needs and preferences.

You can trade crypto pairs, such as BTC/USD and ETH/USD; or crosses, such as BTC/XRP. This variety allows traders to gain access to many assets, thereby allowing them to maximize their trading strategies. Both brokers offer the choice of commission-free and commission account spreads. As explained in the section below, Lime Fx and FXTM offer a significant number of account types with different spreads depending on a trader’s location and the trading platform they use. As spreads are much narrower than standard account spreads, traders pay round-turn commission fees of $7 when trading with Lime Fx and from $4 when trading with FXTM. While Lime Fx and FXTM provide reasonable ECN-style spreads, brokers such as Pepperstone and IC Markets offer better pricing with tighter spreads and low commission fees across all major currency pairs.

Deposit Options and Fees

For those residing outside of Europe and the United Kingdom, Lime Fx’s Ultra-Low Account is a commission-free option with tighter spreads than the broker’s Standard or Micro Accounts. Contract sizes are flexible, with both standard and micro lot sizes available. MT4 and MT5 are compatible with a range of devices, with desktop and webtrader platforms available, as well as mobile trading apps for Android and iOS devices.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Yes, based on your detected country of BG, you can open an account with this broker. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. Our broker reviews are reader supported and we may receive payment when you click on a partner site. The phone support is also great and you can access it in various languages. When it comes to choosing a broker, there are many factors to consider—and one of the most important is whether the broker is regulated by a reputable authority.

If you trade infrequently, another trading cost to consider is inactivity fees. If you do not make a trade for a specific length of time, Lime Fx and FXTM will charge your trading account a $5 inactivity fee. Lime Fx offers great customer service, which is currently available in over 20 limefx scam languages. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative.

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. The leverage is pretty much the same, depending on the location as well as the amount traded. First, it is the standard ultra, for which, 1 lot equals 100,000 units of the asset traded. The Micro account of Lime Fx can be a great choice for beginners to learn to trade in actual market conditions without having to risk too much.

Lime Fx also provides a diverse suite of market research and analysis tools to keep traders informed and ahead in the financial markets. Lime Fx traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. While many of the best brokers charge traders a commission fee for stock CFD trading, Lime Fx provides commission-free commodity and share trading. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options. The Lime Fx Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. The inactivity fee is just $15, and for every month that your account remains inactive after that, you will be charged an additional $5 per month.

But, in case you have changed your mind, you can contact the representatives of the broker and use a different one. If you are a trader looking for the opportunity to directly invest in stocks, there is a great offer waiting for you at Lime Fx. For stock investors, Lime Fx has created a special account type called a Shares account. Beginner traders can use a demo account as a way to learn more about the Forex trading market. Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them.

The Standard account offered by Lime Fx can be a perfect match for traders of all different interests. To put it simply, this account was created with different types of traders in mind. Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit.

Although spreads are wider than ECN Accounts, traders only pay the spread with no additional commission costs incurred. Both Lime Fx and FXTM offer multiple no commission account types with different lot sizes and minimum deposits. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs. Lime Fx offers the best customer support with 24/5 customer service, excellent educational resources, and research tools.