If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. Also, we provide you with free options courses that teach you how to implement our trades as well. Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos. Add to this paying for expensive software while I was supposed to learn how to succeed as a trader. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share.
Trading Instruments Comparison
Lime Trading (CY) Ltd – the owner of LimeFX – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA). The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. In addition to commission and spreads, swap rates may apply for positions held overnight. These can be positive or negative, depending on the asset and whether it is a long or short position. Account verification is mandatory as LimeFX complies with AML/KYC requirements.
- Unlike some brokers,LimeFX’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs.
- However, this is where you should make sure to read the small print – it’s 0,35%, FLAT!
- Exchange and clearing fees may also apply to specific positions.
- In this review of LimeFX, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more.
Pros & cons of LimeFX account types
Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones. They have mobile-optimized charts, multiple order types and facilitate one-click trading.
Mobile Trading
The LimeFX minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is limefx required to begin trading. Also, the minimum amount to open a future or margin account is $2,500.
Account Types
The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. Investing.co.uk has been helping British traders find the right broker for over 20 years. Those with uninvested crypto can also deposit this to earn interest payments through staking and lending.
LimeFX recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. The results from our assessment show that LimeFX is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. Our testing shows that LimeFX offers lower fees than most forex brokers, especially in its premium accounts.
With trading platforms compatible with Windows and Mac desktops, LimeFX ensures non-mobile traders have a comprehensive trading experience in the desktop environment. Forex trading fees work using spreads to eliminate additional commissions or fees. They also ensure traders get a straightforward trading environment. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated limefx courses scam accounts, ensuring that the broker separates client funds from its operational finances.
