News

Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently. Traders should be aware of currency conversion fees when trading assets in a different currency. While limefx scam there’s no account inactivity fee, it’s essential to note that other fees might apply. Traders engaging in Contract for Difference (CFD) trading will find Lime Fx’ fees reasonable and competitive.

What are Fintana’s spreads and leverage options?

• To avoid this, traders should base decisions on analysis and strategy rather than luck.
• The Lime Fx Traders Hub provided daily research and trading ideas, presented in a quality format.
• By default, all ASIC-regulated brokers are market makers, but Lime Fx deploys a no dealing desk (NDD) execution model.
• 60-90% of retail investor accounts lose money when trading CFDs with the providers presented on this site.
• 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.
• The Standard account doesn’t charge any commission but the Raw account does, depending on the trade you make.
• Additionally, the option to withdraw funds even with open positions, as long as there is enough margin, offers flexibility to traders.

Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives. Lime Fx also earned Best in Class honors for Commissions and Fees in our 2024 Annual Awards. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. Fintana offers an Education Center with introductory and advanced courses that cover trading principles, strategies, and market analysis.

Forex Risk Disclaimer

Some brokers act as market makers, meaning they might quote prices but don’t actually access the real market. This can lead to conflicts of interest, limefx courses scam where the broker profits from your losses. Check if Lime Fx uses an Electronic Communication Network (ECN) for true market access.

Swap-Free Account Fees

The volume is substantial and covers beginner, intermediate, and advanced-level material. Traders can gain a solid foundation of knowledge, and I rate the content as better than average for the industry. Lime Fx provides 24/7 customer support via live chat, phone, and email.

The Economic Calendar provides insights into upcoming economic events such as GDP, inflation, employment data, and central bank announcements. Traders can customize the events by significance and set notifications, helping them stay updated on market-moving events and adjust their trading strategies accordingly. The demo account is unlimited in duration, allowing traders to practice and refine their skills without any time constraints. The Fintana demo account comes pre-loaded with $100,000 in virtual funds, allowing traders to practice with a substantial balance. Negative balance protection ensures that clients cannot lose more than their initial deposit, even during volatile market conditions.

Why is it important to know where your broker subsidiary (entity) is regulated?

Fintana offers various assets, including over 160 instruments across Forex, crypto, stocks, and other asset classes. With over 160 assets available on forex, crypto, stocks, and a few other asset classes, traders can access a solid selection of markets, making profile diversification easy. Any transaction that involves paying or receiving interest is considered haram because it leads to an unfair advantage for the lender. Therefore, Muslim traders use Islamic (swap-free) accounts, which do not apply interest on trades, keeping transactions within halal boundaries. To avoid Riba in forex, Muslim traders need to use Islamic (swap-free) accounts, which are specifically designed to remove all interest-based fees. These accounts allow trades to be held overnight without incurring interest, keeping transactions aligned with Sharia principles.

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. The demo account provides access to a wide range of assets, including Forex, stocks, commodities, and cryptocurrencies, offering a diverse trading experience.

• Lime Fx is committed to providing exceptional customer support to its clients.
• However, the variety of instruments and potential for high leverage might be overwhelming for complete beginners.
• He has a Masters and Commerce degree and has an active role in the fintech community.
• These include segregated accounts, SSL encryption, and negative balance protection.
• However, its St. Vincent & the Grenadines entity provides limited safeguards, which impacted the trust score.
• Material is mostly text-based and covers both fundamental and technical themes.

Is Lime Fx regulated?

The accounts accommodate different trading styles, with competitive spreads and leverage that vary depending on the account type. Fintana provides a solid and user-friendly platform for both beginners and experienced traders. The broker’s competitive spreads, leverage options, and ability to diversify portfolios across over 160 assets make it an appealing option for global traders. Fintana provides multiple account types tailored to different trading styles.

Fees

This provides a solid foundation for beginners and advanced strategies for experienced traders. Offers advanced built-in analysis tools for more experienced traders to refine their trading strategies and benefit from market opportunities as they arise. Fintana’s platform is designed to be intuitive and easy to navigate, providing traders with seamless access to global markets while offering transparency in pricing and account options. Fintana is a forex and CFD broker based in Mauritius and has been under FSC oversight since 2023. Fintana offers CFDS on 160+ instruments that can be traded across forex, crypto, stocks, metals, commodities, and indices. An unlimited demo account is offered with virtual funds up to $100,000.