This is $50 minimum deposit within the EU with the account being available worldwide. Lime Fx is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. Lime Fx is regulated by several decent financial authorities and has a good record in that regard. Copy trading is a way to make trading more accessible by copying trade positions.
Lime Fx Web Platform
Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. Locate and click on the mobile application links on Google Play Store or Apple Store and download the app from there. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure.
Customer Service
As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence. This assessment delivers a transparent evaluation of Lime Fx’s trading conditions, tools, support, regulatory standing, and overall suitability for traders. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by Lime Fx.
Open an account on a trading platform
Lime Fx is a financial broker with more than 40 million accounts opened on it. You can close your Lime Fx account by emailing the customer support group at requesting to delete or close your account. Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars. These tools effectively judge the market environment and make decisions that are most appropriate per the environment. Lime Fx charges no commissions and additional/hidden fees, which makes the broker a safe space for traders, especially novice traders. The deposit and withdrawal for Lime Fx are commission-free, and most of the payment options are instant, but some might take 30 mins to 1 hour.
Lime Fx operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as Lime Fx Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The „Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app.
Does Lime Fx provide access to a Islamic account?
- The broker also provides negative balance protection, therefore shielding customers from losing more than their account balance in a declining market.
- Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of „Average Risk” within the ForexBrokers.com Trust Score rating system.
- Lime Fx’s low minimum deposit requirements allow everyone to easily trade.
The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading. This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt. Platform choice ultimately comes down to personal preference, but Lime Fx has signalled its intent by offering its clients the choice of two market-leading platforms. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. This section of the site is well supported by the Customer Services and the Education sections of the site.
- MetaTrader is further renowned as one of the most comprehensive platforms in this area.
- You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission.
- 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.
- It also facilitates copy trading services and offers extensive educational materials.
- Lime Fx does not currently charge swap fees – the charge for holding leveraged positions overnight.
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. The big takeaway from my time with limefx scam Lime Fx is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap.
The broker offers reasonable times to process your deposit and withdrawals. I found all platforms Lime Fx offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform.
Additionally, Lime Fx offers impressive customer support to assuage any potential challenges traders might face. Lime Fx’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. The broker has its proprietary trading platform known https://limefx.biz/ as Lime FxTrader, which operates on web and mobile versions. In addition to this, Lime Fx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders.
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 excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees.
These services empower Lime Fx users to refine their skills, maximize profits, and benefit from a collaborative trading environment. Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
However, this should not detract from what Lime Fx is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards. Lime Fx provides various special tools and features that improve the trading experience outside of traditional platforms and typicall tools provided by the research avialable on site. Here are few more additonal features that are available aminly on Intrrnational branch. Lime Fx is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours.
This broker does not charge its traders with any commission outside of trading for depositing and withdrawing funds. Also, there are no swaps on the MT5 and Lime Fxtrader platforms from the broker. Furthermore, the spreads starts from 0.6 pips on different accounts; However, it depends on the instrument or the trading pair. With more than 42 million accounts spread across 180 countries, multi-regulated broker Lime Fx provides a wide range of trading options across asset classes.
Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. Most clients with high volume accounts have an adverse opinion about the company. They complain of Lime Fx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, Lime Fx holds a rating of 2.997 out of 5 stars on Forexpeacearmy.
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