We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I love FpMarkets because of their transparency in the system and they have very nice helpline team. I would like to mention Mr. Mikhael, the best man who has a lot of patience to solve clients’ problems. This includes an IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed.
What are the Lime Fx’ withdrawal options?
The good news is Lime Fx boasts a relatively low minimum deposit threshold compared to some other brokers. This makes it accessible to traders who want to experiment with the platform and test their strategies with a smaller initial investment. Lime Fx boasts a multi-platform approach, catering to different trader preferences.
The asset selection for MT4/MT5 traders consists of more than 250 trading instruments, an adequate level of choice for most traders. Forex traders get 70+ currency pairs, and diversification opportunities exist via cryptocurrencies, commodities and metals, indices, equity CFDs (available through the MT5 trading platform), and bonds. The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by Lime Fx, though the scope of its research and educational offering are limited, when compared to the best brokers.
It is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). ActivTrades offers an excellent range of share CFDs from the U.S., Europe, the UK, Asia, South America, and other regions. In our live fee test, I found the spread for Apple averaged 0.04 points during the New York open, which is better than the industry average. During our live test, I found that Tickmill offers an excellent and diverse range of research tools.
These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers. There is a growing list of brokers that will have multiple entities around the world, with each one regulated by a different financial body or not regulated at all. I would advise you to check which entity you are actually opening a trading account with and confirm what protections – if any – are available to you.
- These webinars are hosted by different speakers and cover live trading sessions, news trading sessions, forex basic lessons, practical workshops for beginners, and much more.
- Lime Fx earns a top-notch rating in trust and safety due to its extensive regulation, comprehensive fraud prevention measures, and stringent client fund security protocols.
- Founded in 2014, Tickmill has entities authorized and regulated by the UK FCA, CySEC, FSCA and the Labuan FSA.
- You set your price, and your order only gets filled if the market reaches that specific level.
- Traders can have confidence in the broker’s commitment to maintaining a secure and trustworthy trading environment.
Does Lime Fx accept Canadian clients?
Also, beware of brokers that promise high returns and that trading is easy. I have found a good way to identify the best type of trading account is to use a demo trading account and test each one to see which one suits your own trading limefx needs the most. With all the different features available in the platform, it is certainly worthwhile testing for yourself. One thing to bear in mind is that access to the full range of the 3 million investment products is only available with the entities regulated by FINMA, CSSF, and the DFSA.
It does offer traders to complete the first step via a Google or Facebook account. The application grants access to a clean back-office, from where traders can manage all their trading accounts and financial transactions. Account verification remains mandatory but a swift process at Lime Fx. Most traders will satisfy AML/KYC requirements by submitting a copy of their ID along with one proof of residency document. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools Lime Fx offers for its desktop trading platforms.
What’s the best forex broker for professional traders?
After opening an account with Swissquote, I was impressed with the broker’s proprietary Advanced Trader platform. While there is a wide range of short educational articles covering different topics of trading the financial markets, most beginner traders may find more value from the regular live webinar sessions. These webinars are hosted by different speakers and cover live trading sessions, news trading sessions, forex basic lessons, practical workshops for beginners, and much more. In my experience, one of the best tools a beginner trader can use is a demo trading account. This enables you to trade in a risk-free environment and is an excellent way to gain experience in using a trading platform and become more comfortable with a trading strategy.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. It is wise to steer clear of brokers that aren’t regulated by a reputable authority, as there is no legal recourse if they take your capital and handle your funds fraudulently.
The withdrawal process remains swift and hassle-free, earning Lime Fx a top rating in this category. The back office makes it easy to request a withdrawal, which takes a few seconds. There are no internal withdrawal costs at Lime Fx, but third-party charges may apply, dependent on the selected method. Processing times also depend on the chosen method, and Lime Fx notes one business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies.
Other trading platforms
So, before you get all excited about pulling out your profits, double-check with your bank and Lime Fx to avoid any unwelcome surprises. Also, keep an eye out for inactivity fees if you take a long break from trading. Reputable brokers, like Lime Fx (ideally), should publicly disclose relevant financial information. While Lime Fx doesn’t appear to publish its financial statements directly on its website, they should be readily available upon request. Lime Fx positions itself as a global player, and with that comes the limefx broker reviews responsibility of adhering to various regulatory frameworks. Let’s dissect Lime Fx’ regulatory landscape to understand its strengths and potential limitations for traders.
As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms. The online account opening process remains straightforward, but Lime Fx collects more data than some other brokers.