Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders. Lime Fx offers various account types, limefx website including Standard, Premium, Premium, Premium, Premium, and Cent, catering to different trading needs and volume levels. Lime Fx and AvaTrade are very different when it comes to how they’re regulated and what they offer.
Lime Fx does not offer its services to residents of certain jurisdictions such as the USA, Iran, Cuba, Sudan, Syria, and North Korea. The values listed below are for one full contract (100,000 units) of the base currency. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.
Can US residents open accounts at
Credit/debit cards, e-wallets, and bank transfers are common choices among brokers. Lime Fx offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. The reasonableness of commission fees largely depends on the trading style and preferences of individual traders. For traders who prioritize tight spreads and prefer not to pay commissions, Lime Fx’s model aligns with their needs.
What trading platforms are available on Lime Fx?
As the overall supply and demand of thesemetals are pretty predictable, traders can use specific strategies to takeadvantage of market movements. Designed for beginners, the Cent account allows trading with smaller capital by converting deposits into cents. This means you can start with minimal risk while practicing or developing your trading strategies. This includes keeping all your capital in segregated accounts, which means that your funds are held separately from the broker’s own assets.
Lime Fx broker in a nutshell
For traders, Lime Fx also provides a negativebalance protection policy, ensuring that their margin balance does not go belowzero. This protection ensures that traders do not incur extra debts whilelosing trades. Live chat is accessible directly from their website, making it the perfect choice for obtaining immediate assistance or answering quick inquiries. Responses are typically provided within one business day, and email limefx reviews support is also available for more detailed inquiries.
- However, you must do your own due diligence and make your own decisions when choosing a broker.
- The entire trading system of Lime Fx isdesigned to be secure and reliable for its clients.
- You’ll learn about the numerous account types, deposit and withdrawal procedures, commission structures, and beneficial information.
- He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels.
- There are several ways to deposit money into your Lime Fx trading account, quickly and easily.
- Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets.
In addition, the broker’scustomer service team is readily available 24/5 so that traders can get theirqueries addressed quickly. Both deposit and withdrawal processes areprotected with the latest SSL encryption and other security technologies. Asthe broker is regulated, clients need to complete their KYC that is in linewith the Seychelles Financial Services Authority. Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.
In addition, the MT4 platformprovides traders with comprehensive trading tools and features to create theirtrading strategies. The Lime Fx platform offers 80+ currency pairs to trade with tightspreads and no hidden fees. Some major currency pairs like the EUR/USD,GBP/USD, and USD/JPY are offered with spreads as low as 1.2 pips. Lime Fx’s swap fees are very competitivecompared to other brokers in the market, making it an ideal choice for traderswho want to reduce trading costs. Lime Fx offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies.
trading potential
Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve. My tests indicate that Lime Fx’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.
The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Compared to the broader industry, Lime Fx offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery.
It enablestraders to potentially magnify their profits if the market moves in theirfavour, but losses as well, if the market moves against them. Indices trading comes with a higherflexibility of short and long positions. With the help of sophisticated tradingtools, traders can make informed decisions while trading indices on the Lime Fxplatform. Moreover, for traders who find it challengingto place manual trades all time, the platform offers one-click trading thatsimplifies the whole process. Overall, Lime Fx has competitive fees, makingit an attractive option for forex and other market traders.
The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. In the case of Lime Fx, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry. This regulation ensures that Lime Fx operates in a transparent and compliant manner. Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice. Once the account is active, starttrading with virtual funds or real money.
Regarding withdrawals and deposits, Lime Fxdoes not charge any extra fees for using their payment gateways. However,clients might need to pay third-party charges for using certain paymentmethods. In essence, Lime Fx is a good choice for traders seeking high leverage and a simpler trading experience. Exness, on the other hand, is better suited for those prioritizing security, a wider range of trading tools, and tighter spreads. Lime Fx has lower fees and lets you borrow a lot more money to trade, which can be good if you want to make a lot of money with a small investment.
As soon as funds have been deposited into your account via your chosen payment method, you will be notified via email so you can start trading. There are several ways to deposit money into your Lime Fx trading account, quickly and easily. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
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