You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. You can just tell it by watching their account types, they have two. The differences are the platform and assets options, thats pretty much it. I presonally chose the second option that works with mt5, as the platform is more suitable for me.
Lime Fx is a well-established and globally recognized online forex broker, catering to retail and institutional traders in over 100 countries. Founded in 2011, the broker has gained a strong reputation for offering a user-friendly trading environment, competitive spreads, and a wide range of trading tools and resources. With a focus on making forex trading accessible to traders of all experience levels, Lime Fx has established a client base spanning from beginners to experienced market professionals. Lime Fx is a well-rounded forex broker with a strong reputation for offering competitive spreads, a variety of trading platforms, and a wide range of educational resources. It is ideal for both beginners and experienced traders looking for a reliable broker with excellent customer support and multiple trading tools.
What extra trading services does Lime Fx offer?
Lime Fx offers its users different payment methods to be used either for deposits or withdrawals. Compared to other brokers who offer more deposit and withdrawal methods available in the market, the broker here is lacking when it comes to the options provided. For me, support and assistance anytime anywhere is one of the most important factors for me to choose the forex broker I’ll be trading with.
Cost Structure and Fees
One key factor distinguishing Lime Fx is that it does not charge swaps. Lime Fx follows strict rules set by CySec, ensuring user funds are safe with high-grade encryption. Lime Fx puts user experience first, offering negative balance protection to all. They provide CFDs and other instruments, including popular indices.
There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. Lime Fx is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Even a quick glance establishes why the firm is so willing to share. The MT5 account offers a wider range of markets than the MT4 account and there are no https://limefx.name/ swaps. Lime Fx Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain Lime Fx.eu.
Customer Support ☎
- The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered.
- Yes, Lime Fx offers MetaTrader 4 and MetaTrader 5 platforms, enabling automated trading and strategy backtesting.
- Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the Lime FxTrader platform.
- You will pay a slightly higher minimum deposit to avail of this account.
- The platform is so easy to use and it’s a legit brand so definitely there is nothing I wouldn’t like but one specific would be the copy trading platform which makes trading a lot easier.
- It’s important to know that Lime Fx doesn’t mention the time period for its typical prices listed on its website.
This allows traders to diversify their portfolios and trade other asset classes beyond currency pairs. Autochartist is an advanced tool that offers automatic pattern recognition and analysis of market trends. This feature scans the markets for key technical patterns and provides alerts to traders. This tool is available for free to Lime Fx clients and can help traders limefx scammers spot trends before they become obvious. For traders who are either inexperienced or lack the time to manage their trades, Lime Fx offers a copy trading feature. This allows users to follow and copy the trades of professional traders with a proven track record.
- As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees.
- The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
- I’ll make sure to get all the information you need about the types and features of the trading platforms offered by Lime Fx via this section of the Lime Fx review, so read along.
- The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter.
- Most major forex pairs have spreads close to zero, particularly on the ECN account.
Which Markets Can You Trade with Lime Fx?
Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Based on our research, we have assigned the following ratings to Lime Fx. For all accounts, the minimum trade size is set on 0.01 lots or 1 micro lot (1,000 units).
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years.
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. Lime Fx’s customer support is available 24 hours a day, 5 days a week. They can be reached on live chat for some quick-fire questions, or more complex questions can be sent to the phone or email team. To begin, the firm has its own proprietary app that allows you to create trading accounts, fund these accounts and modify the leverage as well as other trading parameters. This is most likely the most well-known trading platform out there and is very popular with traders around the world.
To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app. Before risking your money, why not try Lime Fx’s platform risk-free in a similar, virtual trading environment by signing up for a demo account. This will give you unlimited access to every trading account free of charge.
Lime Fx’s parent company is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines. While the FSA regulates the broker in financial matters, it does not actually regulate the key products of the company, which is Forex and cryptocurrencies. However, its European subsidiary, Lime Fx Markets Cyprus Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the CySEC oversees the full range services offered by Forex brokers. Lime Fx MetaTrader 5 offers automated trading indicators and important trading patterns. Traders get 21 timestamps, graphs, and support for additional order products. The exclusive MT5 Pro account offers 45 trading tools with a $500 deposit and meets higher margin requirements.
Traders will be relieved to know that no fees for withdrawals or deposits are charged by Lime Fx and fees incurred by its payment processors are covered. First off, Lime Fx offers an ECN account for as low as a $5 initial deposit, making it one of the very few brokers to offer this. This low initial deposit of $5 will qualify you for either the MT4 Micro account or the cTrader ECN account.
This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt. The Lime Fx.com website is registered under Uni Fin Invest regulated and licenced in Mauritius by the FSC, traders can experience alternate leverage ratios and bonuses depending upon where in the world you are. 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.