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Lime Fx Trading Platform Reviews, FAQs, Pros and Cons

Lime Fx broker

While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. The Copy Trading service at Lime Fx allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform.

Platforms & Apps

  • They also offer a range of trading platforms, along with an app for on the go trading.
  • The likely reason for this is that this broker doesn’t offer its services to many European countries, and the USA and Australia.
  • In this case, it is regulated by Saint Vincent and the Grenadines Financial Services Authority (FSA).
  • I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
  • Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
  • Despite that, this broker is a member of the Financial Commission, offering protection from there.

Additionally, many accounts with Lime Fx offer negative balance protection. Lime Fx has four trading accounts designed for amateurs and professional traders. They also offer an Islamic account option for traders who adhere to Islamic rules on trading. While offshore regulation may be concerning to some, Lime Fx is a member of the Financial Commission and has been since 2013.

Where is Lime Fx based?

Based offshore, Lime Fx offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. However, this comes with limefx forex brokers reviews the risks of a lightly regulated broker. Lime Fx could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees. Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials. Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. Lime Fx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat.

  • The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
  • Lime Fx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds.
  • There are occasional webinars but these don’t focus on the basics of learning new trading skills.
  • Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.
  • When dealing with money, it’s vital to cover all bases and choose reputable companies.
  • We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

Fees

We opened accounts with the Lime Fx LTD entity of Lime Fx, supervised by the Mwali International Services Authority (MlSA). Some features and services may vary depending on where you reside. Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. In addition, I recorded competitive Bitcoin spreads in my tests. The minimum deposit is $100 for all account types except for the ECN account, which requires $200.

Lime Fx broker

Lime Fx’ execution qualityis confirmed by VMTand complies with bestexecution standards.

The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. Lime Fx offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders.

What are the live account types available on Lime Fx?

You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. This includes 44 currency pairs, 7 metals, 11 indices, 11 commodities, 2 bonds, 433 stocks, 230 ETFs, and 27 cryptocurrencies.

Lime Fx broker

However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold. A commission of $2.5 per lot per side is added for all instruments. Founded in 2007, Lime Fx is a veteran of the forex and CFD industry. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications.

Lime Fx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Lime Fx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range limefx broker reviews of assets, as it provides most traders withall they need to achieve cross-asset diversification.

This is one of the reasons many forex aficionados choose this broker. Another advantage of choosing Lime Fx is language accessibility. Trading is available in several languages, making it an ideal choice for those who want to trade in their native language. While Lime Fx is available to a wide number of Latin America, Asian, and African citizens, there are many limitations. Residents of the EU/EEA, and UK cannot use this broker, along with US residents.

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