These include bank transfers, credit cards (Visa and Mastercard), electronic wallets, and cryptocurrency. As payment options vary from country to country, we suggest creating a free account on Lime Fx.com to see which options are available to you. With Lime Fx, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, Lime Fx will use Hellenic Bank’s exchange rates, published here.
Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. A responsive and knowledgeable customer support team is a hallmark of Lime Fx.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. We are not just another broker in the industry; we consider ourselves trailblazers. Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions.
The most notable limefx scammers is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. Clients of Exness, regardless of their trading experience, have the flexibility to select from multiple account types that best match their needs – from cent to raw spreads accounts. Cent accounts are an excellent way for beginners to gain experience trading live while keeping risk to a minimum. I also noted that Exness does not charge swap fees for stocks, crypto, indices, gold, and some popular currencies, depending on your account settings. With the standard swap-free level, Exness does not charge swap fees for XAU/USD, indices, cryptocurrencies, or stocks.
Related Forex Brokers
You could also receive a 100% bonus on your first deposit, up to US$2,000. No, Lime Fx is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. Lime Fx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts.
These elements, along with the Forex ECN XL trading account, ensure a seamless and enriching trading experience. Whether you are facing technical issues, account-related queries, or need help with your trading platform, Lime Fx’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes Lime Fx a solid choice for traders who prioritize responsive and professional support. Lime Fx provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.
- Each of these elements interweaves to form a robust tapestry of security, reflecting our unwavering resolve to protect our clients’ assets and interests.
- Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
- Moneta Markets can accommodate a range of trader profiles with its flexible account types.
- Beginners and casual traders can take advantage of the STP Direct account type, with spreads from 1.2 pips, the ability to trade in micro-lots, and a minimum deposit of only $50.
- This commitment to security helps to instill confidence in traders who seek reliability and transparency.
- Lime Fx offers several unique features that set it apart from other brokers.
If you have experienced other brokers, allow us the privilege to demonstrate why we consider ourselves unparalleled in the industry. Lime Fx does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. Some charge a commission per trade, while others earn through the spread.
These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features. JustMarkets is a multi-asset online CFD broker with over a decade of experience. Based in Limassol, Cyprus, the broker offers CFDs on forex, commodities, indices, shares, and cryptocurrencies to clients across 180 countries.
What is the difference between long and short swap rates in forex trading?
I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. Lime Fx is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
Investor Compensation Fund: A Layer of Assurance
However, you should be aware that a $5 mark-up per lot will apply if you open an account through us. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. Lime Fx offers traders the core MT4 trading platform without third-party upgrades. Brokers utilizing dealing desks and market-making often offer fixed spreads, signaling that the provided spreads may not emanate from a genuine, efficient, and organic marketplace.
A broad range of account types helps a broker cater to different trader profiles. For example, a simple STP account may be the best for beginners in the markets, while an ECN/Raw Spread account can help sophisticated, active traders keep their costs to a minimum. Moneta Markets can accommodate a range of trader profiles with its flexible account types.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the limefx forex broker quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Lime Fx also provides several lucrative offers, including a Virtual Private Server (VPS) and, depending on regulation, a first deposit bonus, ensuring accessibility, security, and speed for traders.
Moneta Markets is an award-winning broker offering competitive conditions to traders across the globe. Broker’s clients can access CFDs on forex, commodities, indices, shares, EFTs, and bonds. Among platforms, Moneta Markets offers the popular MetaTrader 4 and state-of-the-art ProTrader Powered by TradingView. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available.
The FAQ section answers many of the most common questions, and Lime Fx is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. Lime Fx maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY.
The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. With no minimum deposit, high leverage, and low trading costs, Lime Fx is ideal for beginner traders and demanding seasoned ones alike. Lime Fx stands as a quintessential ECN – STP broker, diligently aligning every trade that our clients make within an Electronic Configured Network (ECN), facilitated through a Straight Through Processing (STP) method.