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 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.

Can You Make Money Trading Forex With Lime Fx?

  • Lime Fx bank withdrawal fees range between 0 to 25 currency units for domestic transactions and between 0 to 40 for international ones, except for Japanese Yen transactions, which cost JPY ¥3,000.
  • With headquarters in New York, Lime Fx operates globally, serving traders from various countries.
  • With various account types, competitive fees, and strong regulation, it provides a secure trading environment.
  • This account offers Lime Fx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.

By the time I closed the position the next https://limefx.club/ 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.

Lime Fx’s mobile trading apps are recommended, offering robust features that ensure traders can manage their accounts and positions from anywhere. Lime Fx offers comprehensive 24/5 customer support globally, providing assistance through phone, email, messaging services, and live chat. The account has a minimum spread of 3 pips, and traders may incur rollover fees. Lime Fx Accounts that have been dormant for a year or more are subject to an inactivity on some trading platforms like Lime Fx, which is deducted from the account on a monthly basis. This will result in the Lime Fx remaining balance on the aforementioned Lime Fx account being reduced by this amount. If you haven’t logged into your Lime Fx account in a while, your Lime Fx account is considered inactive.

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.

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.

It is especially suited for investors interested in algorithmic trading. Stratos Global LLC (“Lime Fx”) is incorporated in St Vincent and the Grenadines with company registration No. 1776 LLC 2022 and is an operating subsidiary within the Stratos group of companies. Lime Fx is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. When you purchase anything on Lime Fx, including Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, or any other assets, you will be subject to Lime Fx spread fees.

  • On Lime Fx, the ask rate is used whenever a position is long (BUY), but the bid rate is used whenever a Lime Fx position is short (SELL).
  • The abbreviation for “London Interbank Offered Rate” is “LIBOR.” When determining the Lime Fx overnight fees for stocks, Lime Fx makes use of the US Dollar LIBOR rate for one month.
  • Yes, Lime Fx is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa.
  • Lime Fx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.

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.

Lime Fx account types

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.

What is Lime Fx minimum deposit?

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 limefx courses scam free demo account for traders to practice trading in a risk-free environment.

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.

Lime Fx Brokerage Fees

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.

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.

When I placed my own trades, I found that the execution speed was as fast as the broker advertised. And since I count anything under 0.1 seconds as good, this is a big strength of this broker. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.