Funds must be deposited in the base currency of the trading account, and traders are responsible for ensuring sufficient funds are available. Additionally, Lime Fx may request verification documents before processing the deposit to ensure compliance with regulatory requirements. It’s important to follow these rules to avoid delays in processing deposits. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, Lime Fx provides a standard cost structure without significant advantages.
Lime Fx commissions and fees summary
It is worth noting that the minimum deposit is just the initial amount required to open your account. You can deposit more funds into your account at any time to continue trading or take advantage of opportunities in the market. Additionally, Lime Fx offers various deposit methods, including credit/debit cards, bank transfers, and electronic wallets, making it easy for you to fund your account.
Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. To add your Lime Fx account to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your preferred password. Once the download is complete, log in by choosing ‘Open a new account,’ select Lime Fx, and enter your MT4 username and password that you received in the Lime Fx welcome email. If you are interested in how we review, then read further to determine if the broker will satisfy your trading needs and whether it makes sense to open an account with them today. In case you have 2 Lime Fx accounts, you can actually move money from one to the other, also, just by entering the client portal and activating internal transfers.
- Lime Fx makes a wide variety of trusted deposit options and withdrawal methods available.
- I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive.
- Lime Fx’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades.
Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. When it comes to cryptocurrencies, Lime Fx recently partnered with EmurgoHK in 2018 to create a new cryptocurrency exchange called IronX. The IronX Exchange is a world-class, regulated cryptoexchange that lets you trade a variety of digital coins. You can also perform fiat-to cryptocurrency conversions, and leverage options are available for traders. Lime Fx offers an extensive choice of Contract for Difference (CFD) instruments. The broker’s wide range of CFDs include those based on an extensive list of forex pairs, in addition to commodities, indices, futures and over 100 individual stocks.
Does Lime Fx Offer Sign-Up Bonuses?
The broker also warns on its website that spreads during overnight trading might be wider. Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4. Yes, the minimum deposit requirements vary depending on the type of account you choose. The minimum deposit for the Micro account is $100, for the Premium account is $2,500, and for the VIP account is $20,000. If you are looking for more advanced features and services, the Premium Account might be the right choice for you. With this account, you can access additional trading tools and personalized support.
First, ensure that all your open positions are closed and your account balance is cleared. Next, contact Lime Fx customer support via email or live chat to request account closure. You may be required to submit identification documents for verification purposes before the account can be closed. After verification, Lime Fx will process your request and confirm the account closure. Be sure to withdraw any remaining funds before initiating the closure process to avoid delays.
Overall, I concluded that Lime Fx is an excellent choice for day traders, copy traders, and algorithmic traders. Spreads may be Fixed or Floating depending on the Lime Fx account type selected. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. The table below is the summary of recommended Lime Fx minimum deposit for each currency. All content on this site is for informational purposes only and does not constitute financial advice.
For Live Floating and Live Fixed Accounts:
And thirdly, broker provides a wide range of financial instruments, including currency pairs. Lime Fx’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades. You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish. The Sirix Social WebTrader software comes in a web version for desktops, as well as mobile apps for smartphones and tablets.
Special Offer – ECN/STP Lime Fx Absolute Zero Account
It lets you execute CFD and forex trades easily, which then get reflected automatically on other platforms. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. Overall, the minimum deposit for Lime Fx varies depending on the type of account you choose, but it starts from as low as $100. It is important to consider your trading goals and financial situation when deciding on the appropriate account type and deposit amount for you.
London Stock Exchange
While it provides essential functionalities for trading on the go, it does not excel in this area compared to its competitors. It offers beginner education videos and general education on forex and CFDs. Based on its rating for education and beginners, it provides an average educational experience. Most notably, the broker offers its own version of the popular, straightforward and sophisticated MT4 platform. In addition to its desktop platform, MT4 has mobile and web-based versions. Lime Fx also offers a free research mobile app shown in the screenshot below.
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. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
Lime Fx Minimum Deposit
Low trading fees and quality education for beginners from an industry leader. Please keep in mind that limefx courses scam depending on the method you choose, your deposit could take up to 24 hours to process. Lime Fx does not charge deposit fees, but your payment provider may apply their own fees, so it’s essential to check with them before making a deposit.
Just a few days ago I closed excellent buy order on EURUSD currency pair. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.
- The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading.
- Completing these requirements is essential to ensure compliance with regulatory standards.
- Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers.
- One can get MT4 for PC and Mac, Android and iOS tablets and also MT4 for mobile phones that run iOS, Android and even Windows Phone.
- I also like the Lime Fx fractional share dealing, which is excellent for smaller portfolios.
- If you are an experienced trader or have a larger trading capital, you may consider opening an account with Lime Fx’s VIP Account.
Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. The Micro Account requires a minimum deposit of $100, the Premium Account requires $1,000, and the VIP Account starts at $10,000. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. Lime Fx accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. Lime Fx has traders from 180 countries, making it one of the https://limefx.club/ most accessible brokers.