There are some educational materials limefx to assist beginners and help you to improve your trading knowledge. Regardless of your preferred trading strategy, they have accounts for all styles of trader, with differing levels of investment and experience. Dear Prasanna, Thank you for sharing your experience and for choosing Lime Fx!
- However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering.
- This includes pros, cons and an overall rating based on our findings.
- Captial.com is one of the biggest online brokers available and is certainly very trusted.
- We’re truly delighted to hear that you’re enjoying our super-fast services.
Lime FxFX company details
We’re glad to hear that you find the convenience of making payments through Visa and Mastercard with short processing times helpful. Lime FxFX is worthy of investment, and there are various reasons to believe so. First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades. Plus, it charges only 0.4 pips for the commission on the account.
Forex Risk Disclaimer
Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘Lime Fx scam’ is a correct evaluation of the our activities. Trading instruments provided by Lime Fx have some of the lowest spreads in the industry. The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the Lime FxTrader, MT4 or MT5 account do not have to pay swaps.
Lime FxFX Deposit and Withdrawal Fees
In our opinion, Lime FxFX MT4 is perfect if you are new to only trading or more experienced and have a preference for minimalistic yet sophisticated trading tools. An Lime FxFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types.
Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile. This makes XTB one of the safest brokers in the world, so you can’t go wrong with them. For a long time in the Lime FxFX trading, Argentina, Australia, Austria, Bahrain, Belarus, Brazil have been trading deposits.
This average customer rating is based on 9 Lime FxFX customer reviews submitted by our visitors. No other promo codes or no-deposit bonus deals are currently available. The broker also applies 3D secure Visa authorization when processing credit and debit card transactions.
If you are outside this region, we can’t fully recommend Lime FxFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company. Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. With Lime FxFX, you have access to most of the major trading instruments. But, it must be said that depositing funds and holding your capital with Lime FxFX is definitely a higher risk than trading with other, more regulated brokers.
This particular account boasts of an array of remarkable features encompassing astute and well-informed traders seeking to push their level of expertise beyond its current limits. The minimum deposit amount to start trading with Lime FxFX is $100. This makes it an excellent choice for those looking to increase revenue by leveraging a larger network. Overall, the Lime FxFX Affiliate Program and its ancillary options provide traders with a comprehensive suite of opportunities to capitalize on their networks and expertise. Lime FxFX also launched Lime FxTrader, a proprietary web platform designed to provide essential trading functionality simply. Another point to consider is Lime FxFX’s advantage in market research, as it provides slightly higher quality content in its Market Insights section.
This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads. You can read about our findings in our Standard Spreads test results. Our in-house spread scanning software gave us an idea of how Lime FxFX spreads compare to other brokers. To do this, we take the Forex Fees and the average spreads brokers publish on their website and compare them with the spreads Lime FxFX public on their website. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
In September 2022, the Indian Enforcement Directorate (ED) froze several bank accounts belonging to Lime FxFX India and related companies for illegal forex trading. Traders benefit from a range of additional educational features and trading tools at Lime FxFX, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes. Lime FxFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app.
We’re delighted to hear that your recent withdrawal was processed so quickly, and it’s wonderful to know that it left a positive impression. We strive to provide prompt support and will make sure your comments are forwarded to the relevant department for improvement. We wish you continued success with your trading journey at Lime Fx! The broker only limefx offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. Dear Muhammad Nazir Bin Dzul Fakar, Thank you so much for your kind feedback!
Multiple channels for client interaction, such as live chat, email, and telephone consultations, ensure that traders’ questions are effectively addressed. When depositing or withdrawing AED to or from accounts denominated in USD or EUR, Emirati traders may incur currency conversion fees. Spreads provided by Lime FxFX vary based on the commissions charged by brokers and the market conditions prevailing during trading. The Lime FxFX ecosystem includes the specialized CopyTrade app and mobile versions of MT4 and MT5.
The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. There was one slightly different trading platform, which is the Lime Fx copy trading software. This allows CFD and Forex traders to either copy other traders’ trading signals or let you broadcast your own trading signals to other traders on the social trading platform. Lime FxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Lime FxTrader, an in-house white-label program.
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. Yes, Lime FxFX comes with licenses from several regulatory authorities. First, it is guarded by the CySEC body to ensure traders and investors from the EU can easily continue with their operations.
