If they have, then this would be akin to an administration fee however it is difficult to prove if Lime FxFX is doing this. We can only trust they are not since spreads are generally decent. Regarding account currency, if you join the Lime FxFX European subsidiary, you will use Euros. All other clients will be using USD as the account currency, so if you are in the UK and prefer GBP as your account currency, you cannot choose it. You will also find trading available with micro lots, mini lots, and standard lots with the spread variable or floating. We should also mention you shouldn’t get requotes or rejections since market execution rather than instant execution is used.
In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyze price fluctuations and trends in the market, using three customizable chart and graph types. Additionally, MT4 offers nine timeframes, four pending order types and one-click trading. Lime Fx has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, Lime Fx is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. MT5 has a simple interface just like its predecessor with some new features that improve the overall experience.
Lime FxFX company details
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. As well as controlling your trading accounts and monitoring balance statistics, they’ve added integrations with trading platforms, so you can start trading with no effort at all. Simply choose an account, choose the trading application and access it via Lime FxFX Trading App Accounts. This lightning-fast application with an attractive and easy-to-use design will make everything straightforward from the first tap. MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform.
By sharing a referral link the trader will receive a commission per volume traded by their friends. Lime Fx provides a variety of deposit and withdrawal options to accommodate different preferences and needs. Both MT4 and MT5 are known for their intuitive interfaces whereas Lime FxTrader offers the convenience of multiplatform—uninterrupted trading from any device.
Lime FxFX’s award winning customer support team is available 24 hours a day from Monday to Friday. Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner. I have always found them to be reasonably quick to respond but think they could improve by extending hours to 24/7 support.
Overall, there is a lot to like about Lime FxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.
Lime Fx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated. Traders outside EU can not trust Lime FxFX and should choose another forex broker instead. Demo accounts are especially important for beginners as limefx reviews they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The account opening process at Lime Fx is fully digital and can be completed within minutes via the company website.
Super fast broker service
You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do so.
Choose country
On the plus side, the company has been around since 2011 and seems to have plenty of positive reviews across the internet. Lime FxFX has a fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing. Another side note is that Lime FxFX was located in St Vincent and the Grenadines.
I would always prefer to use an ECN broker as I find they tend to have the lowest spreads and quickest execution speeds. Lime Fx is a Forex broker providing ECN trading and CFDs on Indices, Metals, and Cryptocurrencies via MT4 and MT5. It offers diverse trading accounts, copy trading, bonuses, and extensive research tools. Lime Fx accepts all the most popular payment methods including VISA, Bitcoin, Neteller, and MasterCard. Lime Fx does not charge its clients any Deposit or Withdrawal fees. Furthermore, deposit and withdrawal fees applied by third parties will also be covered by Lime Fx.
I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs. Lime Fx protects customer funds by segregating them from the company’s balance sheets and provides negative balance protection. Additionally, it uses SSL-secured encryption to safeguard limefx forex broker your financial transactions and personal data.
It’s important to note that minimum deposits and trading costs will also depend on which Lime Fx entity you choose for establishing your trading account. Lime FxFX offers two types of trading accounts with both being the same except one is with the MetaTrader 4 (MT4) trading platform and the other is with the MetaTrader 5 trading platform (MT5). Lime FxFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most of the traders who use this broker are located in Indonesia, India or Malaysia. Lime Fx provides a solid range of educational materials, including articles, videos, webinars, and a video course.
Account Application
Also ensure you add additional security settings such as two-factor authentication (2FA) when using Lime FxFX platforms. After using the educational resources offered by Lime FxFX, we are confident that there is plenty of information for both beginners and experienced investors. Lime FxFX acts in full compliance with international legislation and regulation standards.
But, even for simple questions, we didn’t find the customer service options impressive. It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. Another thing we should note is that in the case of Lime FxFX, we assume the spreads haven’t been widened.
Lime Fx Markets Cyprus Ltd
- With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate Lime Fx as a suitable broker for beginners.
- We’re glad to hear that you find the convenience of making payments through Visa and Mastercard with short processing times helpful.
- This can help to prepare trades if you are in a rush or just not that good at maths.
- You can choose from a decent variety of versatile account types, each designed specifically for different types of trader.
- There is a decent variety of account types which you can choose from depending on your trading style.
Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws. This means clients with Lime FxMarkets don’t have any form of regulatory protection so you can only trust Lime FxFX operations meet the standards you would hope. As this subsidiary is not regulated, Lime FxMarkets can be called an offshore broker. To make the demo account interesting, Lime FxFX has a demo contest for which you win prizes.