Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. For technical traders, both platforms allow trading directly from stock charts and offer a range of charting tools. FOREX.com outshines with a substantial number of drawing tools, totaling 239, compared to Lime Fx’s 10. The watchlist feature also sees FOREX.com offering more customizable options with 20 fields, while Lime Fx provides 13.
With quick trades over a week, the trader nets an average profit of $150 per day, demonstrating the effectiveness of active trading. Lime Fx emphasizes the importance of education, offering a range of online courses and webinars for traders of all skill levels. Lime Fx also equips traders with mobile applications, allowing them to trade on-the-go. This feature is vital for active trading and managing portfolios from anywhere. A major advantage of using the free demo account is that it allows you to understand and get to know how Lime Fx works without having to spend any money. If you are new to Forex trading, the free demo account is a great way to get to know more about trading Forex as a beginner.
- Between 74-89% of retail investor accounts lose money when trading CFDs.
- While it’s tempting to start with a small amount, a larger deposit can provide greater flexibility and opportunities.
- A $40 withdrawal fee will be charged for all Bank Wire requests.
They each offer proprietary platforms as well as popular third-party options like MetaTrader 4 (MT4), with FOREX.com also supporting MetaTrader 5 (MT5). Both brokers provide Windows-based desktop platforms and web-based trading for added flexibility. In addition, each platform offers a virtual demo account for risk-free trading practice. While FOREX.com does not offer copy trading services, Lime Fx provides this feature along with integration with ZuluTrade, appealing to traders interested in social trading networks. It can be instant or take up to 3 business days, depending on your payment method.
Lime Fx’s Minimum Deposit: How Much to Get Started
Lime Fx does not charge any fees for depositing with this method, but withdrawals incur a fee of AU$15 per withdrawal. Using Lime Fx’s access to cryptocurrency markets, a trader enters a position in Bitcoin at $30,000 and sells at $35,000 days later, resulting in a significant profit margin. You can deposit the funds in various currencies including the USD, EUR, and GBP. If you choose to deposit your funds using a currency that is not supported by Lime Fx, you will incur a conversion fee. Withdrawals to e-wallets are allowed on Lime Fx, no fix withdrawal amount is enforced, withdrawals to e-wallets usually take 2 business days to clear. Internal processing times for most payment processors are almost instant, but Lime Fx states up to 24 hours, except for bank wires, which can take up to five days.
Typically, deposits via bank transfers on Lime Fx are free, but withdrawals incur a fee of C$40 per withdrawal. This applies to all payment methods accepted on the platform and to the Retail Account. Lime Fx offers a variety of account types to suit different needs and experience levels. Traders can start with base account with mnumim deposit of $50. And deposit this $50 in ZAR which will convertedwhile making deposit. Lime Fx supports various payment methods to allow their South African clients to make a deposit with them and withdraw the funds from their account.
Moreover, it enables you to gain practical experience and fine-tune your trading strategies before committing more capital. The FXTM Pro account is designed for high net worth individuals and institutional traders. It offers access to deep liquidity pools, fast execution speeds, and no requotes. Lime Fx presents an excellent opportunity for traders, whether you’re a novice or seasoned expert. By understanding the minimum deposit and leveraging the various trading tools and strategies available, traders can position themselves for success.
What is the offer of the Lime Fx broker?
- Fees on Lime Fx depend on your account type, the instrument you are trading and the size of your trade.
- The deposits are instant for cards and e-wallets and up to 2 business days.
- Broker-dealers are reluctant to deposit $300 or more directly in the first step.
- Forex traders pay an additional 0.4 pips or $4.00 per 1.0 standard lot.
- Lime Fx also equips traders with mobile applications, allowing them to trade on-the-go.
Step 2) Select your country of residence (the United Kingdom will be selected automatically) and choose your preferred trading platform, then click ‘BEGIN APPLICATION’. Fees on Lime Fx depend on your account type, the instrument you are trading, and the limefx forex brokers reviews size of your trade. Withdrawals at Lime Fx are executed quickly, usually within one to two business days, depending on the withdrawal type and the account’s verification status. On trading forums, users share a mix of positive and cautious experiences.
Lime Fx provides several account options, each catering to different trading styles. The minimum deposit typically varies based on the chosen account type, ensuring flexibility for traders with varying capital. When comparing the investment offerings of FOREX.com and Lime Fx, it becomes clear that both brokers provide access to forex trading as CFDs or spot contracts.
To save your time, if you’re looking for ETFs, Stock, commodities, Futures, Options or a wide variety of cryptocurrencies, you’ll find Lime Fx’s offering quite limited. The most loved feature in this area is how the buy / sell prices are displayed at the top of the page with the spread right in the middle. Additionally, their charting tools are extremely fast, smooth and responsive. At the home area the first thing you’ll notice is that your account financials are clearly presented at the top of the screen.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. If you own a bank account with one of the local Vietnamese banks, you may now fund your trading account with Lime Fx by logging into MyLime Fx with your live account username and password. If you own a bank account with one of the local Philippines banks, you may now fund your trading account with Lime Fx by logging into MyLime Fx with your live account username and password.
However, FOREX.com stands out with a higher industry ranking; it is positioned 4th out of 63 brokers, according to ForexBrokers.com, while Lime Fx holds the 14th spot. This distinction may guide beginners seeking top-tier educational resources in making an informed choice. For those interested in creating watchlists with real-time quotes, both FOREX.com and Lime Fx apps cover this feature effectively. However, in terms of user ratings, FOREX.com’s app holds limefx website a slight advantage with a 5-star rating, while Lime Fx has 4.5 stars. Evaluations by ForexBrokers.com place FOREX.com in the spotlight at rank #3 out of 63 brokers for mobile trading apps, whereas Lime Fx is positioned at #16.
Note that the spread fees for Islamic Accounts are higher because they pay no interest. Their MT4 is fast & we did not notice any freezing or issues like downtime during any order. Plus, they also have EAs & news feed available in their platforms. Lime Fx offers only one Live account, and it comes with all their features. Join thousands of traders getting instant alerts, expert market moves, and proven strategies – before the crowd reacts.
Get free access to TradingView Platform with Lime Fx
The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Yes, Lime Fx is available in Canada and you can create an account on the platform. Lime Fx is regulated in Canada by the Canadian Investment Regulatory Orgnisation (CIRO) as Friedberg Mercantile Group Ltd.. Lime Fx is also a member of the Canadian Investor Protection Fund (CIPF). It has over 500,000 downloads on the Google Play Store with 3.8/5 starts from 1000 reviews.