Low minimum deposit requirement of 5 USD on all account options, making it great for novice traders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Users get access to these services via phone, email, or live chat features. No, you can test all Lime Fx account types with a demo account with the exception of the Lime Fx islamic account. The Lime Fx Demo account is a trading account designed to allow traders to try Lime Fx without risk with virtual money.

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By the way, I’m trading via a standard account and to be honest spreads are not as tight as I thought. Sometimes the spreads are wider than usual but anyway at least swap are pretty cheap and it compensates for the limefx scam flaw of wide spreads. In general, I think this broker deserves to be known more in the trading world.

It’s also important to know that Lime Fx applies dividend withholding taxes, which vary depending on the stock’s country of origin. For instance, for stocks from Germany, a dividend withholding tax rate of 25% is applied. In the case of UK stocks, there is no tax levied on dividends, which means a 0% withholding rate. Meanwhile, for US stocks, dividends are limefx subject to a 30% withholding tax.

The Advantages of Forex Trading with Lime Fx

1. If you are a new trader, you can learn by watching videos on the platform in the Beginners Room, then practicing with a Lime Fx demo account.
2. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip.
3. A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage.
4. Lime Fx broker is established under the Lime Fx Global Limited, which is part of the Lime Fx Group financial company.
5. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.

To make a deposit, you simply need to log into your trading account and go to the deposit option. The process is usually fast and instantaneous and you can immediately start trading with the deposited funds. This account type at Lime Fx is available only under FSC, and makes available over 1300 shares as CFD, and 100 as real, with commissions starting from 0,10% of the volume. Lime Fx allows traders to deposit and withdraw money through wire transfer, credit and debit cards and eWallets such as Neteller and Skrill. The only exception is for wire transfers, where Lime Fx covers deposit fees only for transactions over $200.

Withdrawal fees

So, islamic traders can simply open one of the demo Lime Fx account types, and try the service before applying for a real account. However, Islamic traders should know that the demo account is halal, since even though it charges rollover fees, it’s all virtual as the trading environment is simulated. As Lime Fx stores traders’ funds in segregated bank accounts, this ensures that the broker cannot block your withdrawals, providing you with the freedom to withdraw your funds at your discretion.

Equally, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. Lime Fx.com is a good option if you want a low-cost broker with transparent pricing and no hidden charges. Overnight fees apply on cash instruments held overnight, but this is industry standard. The broker also doesn’t charge any deposit or withdrawal fees, while third-party bank charges will be reimbursed on international wire transfers over $200. A popular global broker with a large customer base and a good reputation, Lime Fx is a good choice for most UK traders. It has some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app.

Lime Fx forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs. Traders can use the MT4 or MT5 platform to buy and sell CFDs with high leverage, and this makes the platform suitable for both new and experienced traders. Lime Fx offers over 1000 trading instruments as well as 24/7 trading on crypto and CFDs. This is great for traders who love to trade multiple assets as they can get access to these assets on a single trading platform. You can trade crypto pairs, such as BTC/USD and ETH/USD; or crosses, such as BTC/XRP.

Lime Fx charges little to no fees on the processing of most transactions. The Lime Fx trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the Lime Fx zero account. In addition to paying commissions, you may have to factor in the cost of spread while trading. With that said, let us review Lime Fx broker and all the key features of the platform.

Withdrawal times are also reasonable, typically taking 2 to 5 days. Note, that access to instruments may vary depending on your location. You have to provide your name, country of residence, phone number, and email address. All the information provided should be accurate because it can help you secure your account or reset your password when necessary. Once you have opened the website, you may choose to open an account. When it comes to choosing a broker, there are many factors to consider—and one of the most important is whether the broker is regulated by a reputable authority.

However, it’s important to note that Lime Fx is not a publicly listed company. Therefore, the specific details regarding its revenue generation methods and the total amount of income it earns are not publicly disclosed. This account distinguishes itself by not imposing the usual swap fees, which are prohibited under Sharia Law. The Lime Fx Islamic Account is specifically designed for Muslim traders who wish to adhere to Sharia law. Lime Fx offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN.

Lime Fx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). Its users have access to both MT4 and MT5 platforms in addition to low trading and withdrawal fees. The low minimum deposit requirement of just $5 also lowers the barrier to entry. Additionally, beginners can benefit greatly from the demo account provided by Lime Fx. There is a very high degree of risk involved in trading securities.