Lime Fx generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency. For example, if you’re just starting out and don’t want to drop a ton of cash upfront, you might lean towards the Micro account with its lower minimum deposit. But keep in mind, it might come with some trade-offs, like fewer trading options or lower leverage.
Lime Fx Payment Methods
You can also view which broker have the best no deposit bonus in our selection of the best no deposit bonus forex brokers. All client withdrawal requests will be processed in the currency in which the deposit was originally made. If the deposit currency is different from the transfer currency, the transfer amount will be converted by Lime Fx to the transfer currency at the prevailing exchange rate. Think about things like fees, processing times, and availability when you’re picking a payment method. For their global approach, Lime Fx has ensured that traders from various countries could access their service easily.
You get access to this bonus as soon as you create your account. You just can’t withdraw it, but all the profits that you make are yours. Lime Fx gives you access to the most popular trading platforms used by Forex brokers. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights.
Step 4: Enter Payment Details
Actually, I am very interested in this Lime Fx broker, I often read articles related to this broker. Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Lime Fx accepts residents from all over the world except some specific countries. Lime Fx doesn’t provide services for residents from the United States, Canada, Israel, Japan, and New Zealand. The Lime Fx Ultra Low Micro and Standard Accounts offer spreads starting from 0.6 pips without any commission. If you don’t like hedging accounts, there’s also an alternative.
It also has an option to opt for an Islamic account if the user prefers so. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. Otherwise you can start right away with a live account to start trading.
- We built the website to assist forex traders in finding the right forex brokers to trade with ease.
- If you don’t like hedging accounts, there’s also an alternative.
- The money will be transferred to your account as soon as possible.
- If you don’t meet these conditions you can still get the Lime Fx VPS.
- Sometimes they even trade with loosely regulated forex brokers for lower minimum deposits and higher leverage.
Lime Fx Professional Account
For instance, there are turbo stocks and thematic indices for something new for me but mainly I trade on the forex market. 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 flaw of wide spreads. In general, I think this broker deserves to be known more in the trading world. Apart from that, I chose the withdrawal time at the time when the broker was not operating, maybe because there was a national holiday too. So this can also cause the withdrawal process to take a long time, which must have been processed within 24 hours to beed.
This is available for multiple payment modes and in all countries. Regardless, the amount can differ according to the payment method you choose. As a result, your withdrawal will be returned to your e-wallet account. That is true for all withdrawal methods, and the money must be returned to the source of the fund’s deposit.
At the same time, the brokers with smaller minimum deposits aim for a more mainstream clientele who aren’t interested in some of the more technical services and research tools. By sticking to this policy, they can maintain a robust system that protects both the traders and the integrity of their platform. As for Lime Fx, they might offer trading accounts in other currencies for the convenience of clients in those regions. Lime Fx is a forex broker that was established in 2009 by a team of financial experts with over 50 years of combined experience in the financial markets.
To initiate a wire bank transfer, you’ll need to provide your bank with the necessary details, such as Lime Fx’s bank account information and your trading account number. Once you’ve done that, your bank will handle the transfer process for you. Aside from that, any deposit of above $200 via bank transfer is also included in the zero fees policy. To protect the client’s fund in the event of extreme volatility, Lime Fx presents each account type with Negative Balance Protection.
No Deposit Bonus
The Standard limefx broker reviews account is best suited for experienced traders who are looking for low spreads starting from 1 pip. The Lime Fx micro account is designed for scalpers and high-frequency traders with spreads as low as 1 pip on major currency pairs. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. Lime Fx accepts multiple base currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, or RUB. If your country’s base currency is not listed, you can convert and deposit funds in your preferred currency.
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process. The Lime Fx broker started its trading operations in the year 2009. Clients across over 190 countries have been using their services since then. It has a customer service team that speaks more than 25 languages and is one of the most reputable brokers. As a trader, you might begin by using trading software that has a real account.
Some brokers require their traders to use the same payment method for both deposit and withdrawal transactions, which can be limefx inconvenient. This is because certain deposit methods may be cheaper, while some withdrawal methods may be more expensive. By allowing traders to use different payment methods, they can minimize costs. I am not sure if Lime Fx has the same policy, but I am curious as to why they require the use of the same payment method for both transactions.
That holds valid for both of the popular account types; the Standard and Micro accounts. Depending on your regulatory jurisdiction, you may be able to access alternative account types and minimum deposits that are far larger than the one we just discussed. If you’re a beginner trader with some cash to spare, which Lime Fx account should you go for? Well, first off, look at the minimum deposit needed for each account type.
And when I made sure there were no problems, the funds turned out to be a very long process… No commission is charged for Forex trading on three out of five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account. This Lime Fx broker also provides an Lime Fx Zero account which offers trading with low spreads starting from 0.10 pips. I strongly disagree with credit/debit cards as a payment option. If you read carefully, the fees that Lime Fx charges are transaction fees. As you know, when you use a credit card for example, an administrative fee is charged for each transaction.
