Лайм ФХ Review Is it a reliable Forex Broker or not?

Partners residing in Latvia are now required to be exclusive Tied Agents. For clarification or questions about this requirement, please contact us via email or live chat. Introduce them to a broker with 20+ years’ experience and some of the tightest spreads in the industry. Every cashback rate on currencies is calculated and denominated in USD. You can see the exchange rate we used for the calculation next to every currency.

• This means that you can open an Лайм ФХ Nano account with just $1 and start trading Forex.
• There is complete control of choosing the Strategy Managers and the amount the trader wants to invest.
• A feature that continues to grow in popularity as financial technology expands is trading signals.
• Developers are supported via a series of Oanda APIs, allowing for the development of customized trading solutions.

In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. Лайм ФХ’s ECN accounts would be more suitable for experienced traders. The Forex ECN MT5 and Pro Accounts have a minimum deposit requirement of 500 USD and spreads starting at 0.3 pips (EUR/USD) in exchange for a round turn commission of 3.2 USD. The Лайм ФХ ECN account is designed for traders who prefer to trade using the Electronic Communication Network (ECN) system.

What is Forex?

Лайм ФХ is a multiple award-winning broker that has been around for several years. The brand is regulated in multiple jurisdictions and serves clients from several countries. I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions.

The Pro and ECN Accounts have spreads starting at 0.3 pips on the EUR/USD, with a round turn commission of 3.2 USD, making them some of the lowest-cost accounts in the industry. However, this is in exchange for a minimum deposit of 500 USD, which is relatively high. Лайм ФХ brokers’ are suitable for traders of all experience levels, including beginners as well as seasoned traders who trade in high volumes and are looking for advanced trading features.

The only snag I found is that it cannot trade the markets on its own. Rather, it starts up the MT4 or MT5 mobile app whenever the ‘Trading’ button is tapped. You can check out other best trading apps if this is a dealbreaker for you. If Лайм ФХ is not accepted in your country, you can find alternative brokers through our broker comparison tool. Лайм ФХ is a trading broker with many years of trading experience, having been through some significant ups and downs.

Adding a layer of protection is this broker’s participation in The Financial Commission’s compensation fund, offering coverage up to €20,000 per case, and on par with EU protection. The Financial Commission, operating out of Hong Kong, is the world’s first external dispute resolution (EDR) mechanism. It provides brokers the freedom required to offer a competitive advantage, and traders the protection equal of that provided by respected regulators.

How to Open an Account and Start Trading

Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets. Though the type of accounts is freely offered, there are specific trading markets that are not available to certain accounts. No matter which account is chosen, the following are the 4 base currencies that can be used – USD, GBP, NGN, and EUR. Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4. Лайм ФХ offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokers in the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive.

• We value transparency and openness in the way we review the partners.
• Лайм ФХ and Oanda segregate client deposits, offer negative balance protection, and select jurisdictions provide an investor compensation fund.
• When you become a signal sender or permit other traders to copy your deals, you will not only help other traders get experience in forex trading, but also earn additional income.
• You can launch Chrome or Firefox to browse the internet, access email, etc., and download any applications that you might need.
• Лайм ФХ offers six live accounts, which is more than most other brokers, and its accounts are suitable for beginners and more experienced traders.

Лайм ФХ has remained in full compliance with its regulator but hosts a past dotted with bankruptcies and market exits. Лайм ФХ lists over 250 assets available for trade, with a definite focus on the Forex market. The commodity selection remains a weak point, as only four assets are accessible. Only ten equity CFDs provided, that merely serves as a justification to list this asset class, eleven index CFDs offer traders basic diversification.

MetaTrader 5 Trading Platform

Though there are high risks here since CFD trades are segregated from financial markets, a CFD is more flexible compared to traditional market trade. CFD gives total access to fractional shares, short selling, and CFD international markets. More importantly, CFDs can also be used by more advanced traders to hedge. Лайм ФХ’s experts provide detailed market analysis to help traders keep on top of the latest trading news. Clients that lack the time or knowledge to trade themselves can use Лайм ФХ’s PAMM accounts and portfolio service, used by more experienced traders.

First, you will be assigned a personal manager, which allows you a greater customer service experience. From there, you will have the added benefit of special bonuses, access to funds in advance and trade without limits. Once you’ve reached an aggregate balance of $50,000 you will obtain this status.

Once these personal details are verified by Лайм ФХ, Лайм ФХ login is possible and the clients can start trading. An inactivity fee is charged on a registered broker-client when an account remains inactive for a particular period of time. Furthermore, Лайм ФХ cryptocurrency CFDs are generally used for short-term or medium-term trades.

You can invest your funds in the accounts of experienced traders so that you don’t have to trade yourself. I don’t like how Лайм ФХ only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers. You can check out our broker ratings for some alternative brokers with additional regulations. I found the assets listing of Лайм ФХ to be very small compared to that of top-tier brokers like IG. I believe improvement is much needed on the training resources provided as many people prefer video lessons like those provided by Fortrade.

Forex School

This is a reliable start to anyone looking for information, but let us continue on and see what else Лайм ФХ provides. Forex trading can be intimidating in itself but attempting to find the right platform to use can add to those pressures. Лайм ФХ is a Forex broker with many different features including bonuses, contests and education. This article will take a look into the different areas of the company and allow you the ability to see if it is the right fit for you. Having the ability to trade with a reliable company not only gives you ease of use but peace of mind.

Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only. Лайм ФХ International also offers MetaTrader 5 (MT5), the most popular platform in the world. Should you be interested in independent trading, Лайм ФХ certainly offers that to their clients. While the assets for an independent trader will be explained later, you can expect to find the standard services. PAMM accounts though are a great way to accent your trading if you are looking for a new avenue to generate revenue. Лайм ФХ’s owner, Exinity LTD, is authorized and regulated by the Financial Services Commission (FSC) in Mauritius as a full-service investment dealer excluding underwriting services.

The Forex market reviews are research works that are published regularly. They contain written reviews and videos on the market that are explanatory. One benefit of the videos is that they can be played in the background during an analysis. Users who join the Лайм ФХ program are eligible to get up to $5 money-back on every trade they make.

Лайм ФХ international mobile application provides the access to mobile trading from the MT4 and MT5 trading platforms on the app for both iOS and Android operating systems. The application can be downloaded directly from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area. New Лайм ФХ International investors may benefit the most out of the Copy Trading feature on the platform. The type of trading offers the same trading experience to a trader but the account will copy all the moves of the professional traders known as Strategy Managers, through the platform.

Typical Spreads and Fees

So, different options will have different providers, different processing times, potential conversion fees,s, and processing fees. Note that the conversion fee is based on the base currency, the payment provider, and the receiving currency. Deposits and withdraws are an important aspect of any broker or platform as traders need access to their funds in a limefx forex brokers reviews timely manner, whether it be for trading or for withdraw. The deposit and withdraw options page gives you a detailed breakdown of the different methods you can use to exchange money between your bank account and trading account. Times seem normal, but it is always a good idea to deposit a small sum first and ensure it operates as smooth as advertised.

Trade, read analytics, and fund your account in one app on any mobile device. Get cashback for trading, topping up, and https://limefx.club/ many other common account operations. Yes, but you need to be aware that trading in these times can be very risky.