The platform allows users to trade forex, cryptocurrencies, indices, and commodities on some of the most popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Lime Fx is particularly known for its low fees, competitive spreads, and user-friendly platform. You can choose from a good selection of payment methods to make deposit and withdrawals.
There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course. In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with. In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard.
Copy Trading Review
3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. The Lime Fx Trading App is an official checking trading account with built-in tools to help you manage your Lime Fx personal profiles, control real, demo and contest accounts, and manage deposits. It is a smart trading platform combining everything a trader needs in an easy-to-use app. You can make fast deposits and withdrawals, instantly log in to your trading profile and access your terminal to trade simultaneously in all of your accounts.
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This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. It offers competitive fees, low spreads, advanced technology and all on a global scale. Finally, Lime Fx cannot accept clients from certain regions including the U.S.. If you are in one of these regions then you should take a look at someof the other great forex brokers and find another broker to suit.
How Can I Deposit & Withdraw Money? Do I Get An Lime Fx Bonus? 👷♂️
- For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks.
- Although trading glossaries are pretty standard among forex brokers, they’re highly useful.
- I would say this is the platform of choice for the professional trader.
- In general, Lime Fx appeared to me as trustworhy and transparent broker.
- Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
The available methods vary depending on the client’s residence and may include local bank transfers. Lime Fx does not charge deposit fees, and processing times range from instant to a few days. Lime Fx does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of Lime Fx is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of Lime Fx. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.
When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms. MT5 has a simple interface just like its predecessor with some new features that improve the overall experience. There are more technical and fundamental indicators for chart analysis, 21 timeframes, graphical objects, support for more order types, an economic calendar and more. I would say this is a good stock trading platform for those of you who are looking for something more than just forex.
Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC. My experience with Lime Fx’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. With 300 markets I found Lime Fx provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week.
Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. To change the leverage on Lime Fx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. No, the broker does not offer real shares as part of its trading instruments. With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals.
You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, Lime Fx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. The custom-built Lime Fx mobile trading app features a simple yet functional user interface.
The weekly cTrader competition is a draw with a prize of $400 for the lucky winner. This initial deposit will also be eligible for an Lime Fx bonus of 50%. If $50 is deposited then you will receive half of the initial deposit as a bonus to your funds. We would also like to point out that all accounts come with a minimum lot size of 0.01 with no maximum lot size.
Lime Fx Account Types
Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. 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. Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Lime Fx has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared limefx company reviews to the best multi-asset brokers. Lime Fx may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia.
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The broker’s range of forex trading products is limited to MT4, MT5, and Lime FxTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the Lime FxTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis.
Charting Tools
- I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple.
- For traders relying on some support throughout their trading journey, finding a good support team will be crucial to your experience.
- The trading costs are very competitive whilst customer support is prompt to answer questions.
Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. A few minutes after submitting the withdrawal, we received a confirmation email.
While there is no minimum deposit from the virtual wallet, Lime Fx advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. Compared to other brokers, Lime Fx claims to have low trading fees and charges nothing on deposit and withdrawal. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, Lime Fx has a Copy Trading app developed differently from the mobile app.
No stocks are offered, only 2 commodity assets, and 2 cryptocurrencies. Some topics include, risk management, trading strategies, and technical and fundamental analysis. New traders might enjoy the firm’s Introduction to the Forex Market as their first read.
The Copy Trader account area requires separate funding and comes with its own dedicated app. The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. See how Lime Fx compares to the leading Forex brokers by reading one of the reviews below. They take suggestions into account and seem to have acted on the suggestion numerous times.
Bitcoin and cryptocurrencies can be traded on Lime Fx but not bought outrightly. With a rating of 4.4 out of 5 after 3.9K+ reviews, the https://limefx.name/ company reputation speaks for itself regarding legitimacy concerns. Coming to leveraged overnight holdings, the broker charges no swaps. First off, you will notice when you are trading at Lime Fx that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. Depending on your location, you may be eligible for an Lime Fx deposit bonus of 50%.
