🧐So I reached out to the technical support, they replied quite fastly that really surprised me, they described all the subtleties. Thanks to them, I got all the rules and signed up for the tournament immediately. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points.
Are the educational materials suitable for beginners?
You can choose your own leverage and have unlimited access to some of the largest liquidity providers through Lime Fx. Processing times depend on the geographic location and the payment processors, which Lime Fx lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Traders can open an Lime Fx account via the online application form, which follows well-established industry standards.
How do I know I can trust these reviews about Lime Fx?
- If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts.
- Reviews of Lime Fx highlight both positive and negative experiences that can influence your decision to trade with them.
- This promotion encourages traders to share the benefits of Lime Fx with others while earning extra rewards.
- A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old.
- Additionally, researching what the MT4 platform offers in terms of features and tools will help in making an informed decision.
- In our experience, this level of leverage is significantly higher than what is typically seen in the industry, allowing traders to open larger positions with a relatively small amount of capital.
- Furthermore, the charitable work they do is very commendable and good for the community.
The broker provides access to the most well-known MetaTrader 4 trading platform across 10 devices. Moreover, the broker provides managed accounts, trade copier, and VPS hosting for those of you who want to automate your trading with your own strategies or copy other professional traders’ portfolios. The broker offers dedicated educational and research tools such as the excellent Trading Central which can be a great help for analysing the markets in detail and finding trading signals. In addition, Lime Fx offers free demo accounts and Swap-free Islamic accounts for Muslim traders.
Regulation and Safety of Funds
I find the well-balanced asset selection suitable for most retail Forex limefx broker reviews and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the Lime Fx fractional share dealing, which is excellent for smaller portfolios. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The Lime Fx group presents clients with two regulated trading entities and maintains a secure trading environment. The broker also plans to introduce MetaTrader 5 (MT5) in the near future.
What are the tightest spreads of this broker?
Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. Tune in to “Let’s Talk limefx Forex,” a podcast designed for traders of all levels.
Introducing Broker
- Lime Fx only offers MT4 on a mobile trading platform, but it is available for both Android and iOS.
- Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
- The broker is regulated in multiple jurisdictions by some top-tier regulators.
- I checked the usability of the mobile app version of MT4 by testing how long it would take me to do just that.
- Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
- FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis.
- With competitive trading conditions, expert market insights, and user-friendly platforms, traders of all levels can find significant opportunities to enhance their trading strategies.
Lime Fx’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking. Lime Fx allows accounts to be denominated in 13 different base currencies, depending on the account chosen. The four-step account opening process is fully digital and accounts are generally ready for trading in one day. Lime Fx offers individual, joint, and corporate accounts, but we will focus on opening an individual account. For the most accurate and up-to-date information on available payment methods and their specific terms, please refer to the official Lime Fx website or contact their customer support. Some of the popular options are Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, Ethereum.
These resources, including promotional materials, advanced technical indicators, and educational content, are designed to attract new clients and offer ongoing support throughout their trading journey. One of the most remarkable things we found was how many trading instruments they provide. Although forex pairs are a given, Lime Fx offers spot metals and indices in addition to the standard instruments, giving traders looking to diversify their portfolio a world of options. To utilize the Demo Accounts, take full advantage of the trading platforms offered by Lime Fx. It typically offers spreads as low as 0.0 pips but does incur a commission fee, making it necessary to calculate your overall trading costs carefully. The ECN environment also delivers faster execution speeds and greater transparency in pricing.