Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Lime Fx allows trading in 43 forex https://limefx.group/ pairs and 440 tradeable symbols, which remains below the industry average of 3,623 tradeable symbols. Exness offers access to Forex and CFD instruments on a secure and globally recognized platform. We endeavor to be clear about our charges, so you always know what fees you will incur when you trade with us.

By the time I closed the position the next day, I had accrued a rolling fee of $75. Lime Fx is a legitimate forex broker with a long-standing presence in the industry since 1999 and dozens of industry accolades. All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but Lime Fx’s instrument list lacks depth, especially in its range of stocks. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs.

The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The fees are deducted from your Lime Fx available balance and vary depending on the value of your Lime Fx position as limefx forex brokers reviews well as the direction (BUY or SELL) that it is moving in. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

When you buy a Lime Fx stock or an option, you will be subject to a Lime Fx fee known as a stock trading fee or a trade commission on Lime Fx. A number of brokers like Lime Fx charge additional fees, the most common of which are annual fees, research subscription fees, and other fees. However, as a result of competition driving down the cost of trading, the brokers like Lime Fx have done away with these additional fees.

Since the US dollar is used for all deposits and withdrawals, any other currencies that are converted into dollars first need to be converted into US dollars when withdrawing from Lime Fx. Lime Fx CFD positions that remain open overnight are subject to a nominal Lime Fx charge that is proportional to the value of the Lime Fx position. Lime Fx makes it simple to determine the cost of the Lime Fx spread when trading virtually any instrument, including Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds,. Lime Fx, in contrast to the vast majority of other brokers, does not factor in the fractional pip when calculating Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, spreads. The difference between the Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, bid and the ask price fluctuates depending on the Lime Fx financial instrument, asset class, and position. Lime Fx provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences.

We consider Lime Fx an excellent broker – it is overseen by tier-one regulators, has a strong industry presence, and offers tight spreads on forex pairs. The suite of advanced platforms and code-free automated trading tools is particularly strong. Lime Fx does trail industry leaders when it comes to market access, but it remains a strong contender for both beginners and experienced traders.

Lime Fx remains a competitively priced, commission-free broker with deep liquidity pools. Spreads apply instantly once a trader opens a position, but swap rates on leveraged overnight positions only after the cut-off time. Currency conversion fees apply if the quote currency of the asset differs from the account base currency. It segregates client deposits from corporate funds and offers negative balance protection, ensuring clients cannot lose more than their deposit.

Lime Fx fees directly impact profitability and can reveal which strategies this broker supports, and which remain discouraged. Therefore, traders should carefully evaluate the trading costs at Lime Fx, as they represent the primary aspect of the competitiveness of the trading environment. Our Lime Fx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does Lime Fx offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms. If you are looking for the best possible spreads, then Active Trader is the best choice.

Trading Station Mobile

  • The actual amount you receive depends on how much you deposit in your first week of trading.
  • Pips are used to measure prices for both Lime Fx commodities and currencies.
  • The market summaries provide concise overviews of recent market movements, key price levels, and notable news that may impact the markets.
  • DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
  • Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
  • Founded in 1999, Lime Fx has grown to become one of the leading providers of online trading services in the industry.

Lime Fx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from Lime Fx traders and trading data accrued from over 10 years to meet the needs of their clients. Lime Fx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs.

How do I open an account with Lime Fx?

It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms. Deposits, withdrawals, and inactivity fees are transactions other than trading and are non-trading fees, which are notably less frequent. Currency conversion fees are a separate category, as they belong to trading and non-trading fees and are the least visible. They apply each time Lime Fx must exchange one currency for another, including trading, and most traders are unaware of this hidden fee. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

  • The terms “ask” and “bid” correspond to the Lime Fx financial transactions known as “buy” and “sell,” respectively.
  • These Lime Fx fees might also cover situations in which an Lime Fx account becomes inactive, also known as a dormant Lime Fx.
  • The trading hours for CFDs on stocks, indices and commodities may vary depending on the specific market.

Zulu Trader has over 1 million users, making it one of the larger social trading communities available. An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law. Lime Fx add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates.

Deposit and Withdrawal

2Cryptocurrency products are currently not available to retail clients residing in the UK. FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards. Lime Fx supports the Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, withdrawal methods. Available Lime Fx deposit methods may differ depending on your country of residence. If you prefer to place orders by phone, Lime Fx offers a trading desk line that can be handy should you experience an interruption in your internet connection. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month.

Trading Platforms

This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders.

The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. CFD trading fees vary depending on the instrument and market conditions. Check our CFD Pricing Page for up-to-date information on our competitive spreads and commissions. Lime Fx offers a free demo account for traders to practice trading in a risk-free environment.

Remember to stay informed, adapt to market changes, and continually educate yourself to optimize your trading performance and increase your trading profits. Yes, accounts with no trading activity for 12 consecutive months may be subject to a $50 inactivity fee. Active Trader accounts enjoy discounted commission rates, starting from $0.0025 per 1K lot traded. I didn’t realize that Lime Fx charges a rolling fee of 1.5% for this currency pair.

For example, trading Euro-denominated assets from a US Dollar trading account or making a Swiss Franc deposit into a British Pound base account. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts.

Lime Fx has strong regulatory credentials with oversight from several respected financial watchdogs. XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK. If you would like to see Lime Fx compared against some of the best Lime Fx fees alternatives available right now you can do so by clicking on the links below.