There are 18 scammed by limefx total commodities available as of now including oil, coffee, corn, wheat, and many others. No matter the economic status and situation, raw materials are always important and affect the economy of all countries. Their price depends on supply and demand, and global events such as wars can greatly affect them. For example, the Russian aggression against Ukraine caused fears of global famine, as both countries are large suppliers of both oil and wheat. Lime Fx offers a swap-free Islamic account that adheres to the principles of Sharia law.
Tradable Assets
It’s important to remember that this broker isn’t available for everyone, due to geographical restrictions. However, for those who can sign up, there are many positive aspects. Lime Fx offer competitively priced trading, with minimum deposits starting at $100 for the Standard account.
Analysis of Brokers’ Main Features
After this process, it is recommended to verify the payment method that you are going to use. Just log in to your account on the preferred payment method’s account screenshot and send it to Lime Fx. Trading instruments offered for ECN accounts are the same as for Standard accounts, with the difference only being in spreads and commissions.
- This is a standard procedure and you will be asked for some documents as proof of who you are.
- In today’s review, we will discuss all the necessary details for traders to know before opening an account with Lime Fx and see what they offer.
- You may need to verify your account to remove limits on particular methods in some countries.
- However, it does mean that the broker is able to provide certain products and services that they may not be able to if they were using another regulator.
- These include articles in the blog section and a comprehensive knowledge base.
- Lime Fx offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading.
- There are also mobile apps available for both Android and iOS users.
How does Lime Fx make money?
Additionally, the VIP program is open to clients with at least $20,000 in an account. This status gives access to increased cashback, bonus trading funds, priority withdrawals, free VPS, and reduced swaps up to 30%. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Are markets regulated?
- All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing.
- New traders will be pleased to find lots of educational materials to help them learn more about the markets whilst there are free demo accounts to put what you have learned into action.
- Lime Fx primarily provides brokerage services in the CIS countries, Asia and Europe.
- There are almost all support methods available on the AMarekts’ website, from direct contact via phone to 24/5 live chat.
- This account works with USD and EUR and has negative balance protection.
- A stop-out threshold between 20%-40% acts as a safety measure by automatically closing out on all trades if there’s any chance for a negative balance entry into your account.
- After clicking on the OPEN ACCOUNT button that is present on the homepage of the broker, there is a form to be filled out.
Lime Fx dedicates considerable effort to ensuring client safety and security. It is regulated by the Financial Services Authority (FSA) of Saint Vincent, which enforces strict regulatory standards. The broker adheres to stringent international laws to prevent money laundering and terrorist financing. To ensure client fund safety, Lime Fx segregates client funds from its operational finances, holding them in top-tier banks. Additionally, it employs advanced encryption technologies to protect client data from unauthorized access.
Lime Fx provide a good variety of CFD trading instruments to clients via the popular MetaTrader platforms. You can choose from flexible account types and get some powerful trading tools to help find opportunities. Social trading is also supported but the broker is not currently regulated by a top-tier regulator which may concern some. Lime Fx primarily provides brokerage services in the CIS countries, Asia and Europe. They are focused on offering high-quality services and comprehensive support to their clients and partners. They have a professional team that is committed to finding the latest innovative trading solutions and incorporating new technologies.
Lime Fx fees compared to AvaTrade fees
High speeds are consistent across all account types and platforms, including the Lime Fx app. Lime Fx have a nice variety of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems which are my preferred choice as I find them to be the quickest way to get access to my funds. This is important in case there is some market news that I need to quickly try and capitalise on.
While Lime Fx has many happy customers, there are almost as many giving mixed reviews. We will discuss this further customer reviews section but the lack of educational materials is a sticking point. While offshore regulation may be concerning to some, Lime Fx is a member of the Financial Commission and has been since 2013. This is an independent financial services mediator that ensures transparency and integrity of a broker. Within this, there is a compensation fund of up to €20,000 per trade claim.
In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of Lime Fx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, limefx courses scam with 1 reflecting the highest level of trust.