Lime Fx offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends). The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by Lime Fx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds.
Trading Fees
It’s good to note that the withdrawals will be returned through the same method that the funding was deposited. It should be noted that traders in the U.S. are restricted from opening an account with Lime Fx due to strict U.S. regulations enforced by the CFTC and NFA. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews limefx courses scam published here are entirely our own.
When is the support team at Lime Fx available?
The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes Lime Fx an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Lime Fx has made significant progress in a relatively short period of time.
- One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your Lime Fx account.
- Traders can choose between MT4 Micro, MT5 Pro, or the cTrader ECN account.
- A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms.
- During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site.
For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. Payment methods refers to the various mediums by which users can credit and withdraw from their accounts. Lime Fx offers its users different payment methods to be used either for deposits or withdrawals.
The process also gives you plenty of information about trading in forex markets. Crypto markets are only supported on accounts that use the MetaTrader platforms. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. 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.
Mobile Trading
Another video will take you step by step through your account section. The firm has a good basis for its research offering due to the fact it offers a bit of all main content types including some from third party providers. 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. In terms of deposits on the fiat side, traders can pay in either USD or EUR.
The respective app versions are downloadable from the Google Play Store or App Store for Android and iOS-based mobile phones. Lime FxTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization.
Those considering a local bank payment will have 3 options available to you. You can either make payment through an online transfer, with an ATM, or using a standard bank account deposit. This account is run on the MT4 platform and offers the lower minimum deposit amount at just $100. Lime Fx spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. In 2018, Lime Fx launched a copy-trading feature to entice more traders to the market, helping increase profit and offer different fund management options.
Lime Fx Minimum deposit
NBP — the Lime Fx management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all. Lime Fx offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. The in-house Lime Fx copy trading function is a welcome addition to the suite of services.
In addition to https://limefx.vip/ traditional platforms, I did find that copy trading is available through the Lime Fx Copy platform giving you an alternative approach to leveraged products like forex and gold. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. Lime Fx said that offering swap-free accounts aligns with its business goal of serving a global clientele. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Leverage
This is my platform of choice as it was the first that I became accustomed to and I have never felt the need to make the permanent switch to any other. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. With an average of $1B trading volume, PrimeXBT is a crypto and CFDs trading platform that processes 170K+ daily trades.
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. When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds. It is important to remember that not all regulators are created equally. The products, features and protection can all vary depending on the entity that you decide to open a trading account with. Opening an account with Lime Fx is done online with a few simple steps which enable you to set up a real or demo account.
- During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that Lime Fx offers its clients.
- However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.
- Lime Fx’s customer support is available 24 hours a day, 5 days a week.
- When choosing a broker, regulation is one of the first things that I look for.
MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. Established in 2011 and located in London, Lime Fx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account.
Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based Lime FxTrader, along with the Lime Fx Copytrading app. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with Lime FxTrader accounts offering slightly lower spreads for Forex.
MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. Secondly, we have the Pro Account which uses the more advanced MT5 platform. This account offers lower spreads than the Micro Account as well as lower trading costs for higher volume traders. You will pay a slightly higher minimum deposit to avail of this account.
They are fees necessary for trading, which users must pay before or during trading. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known.
Today, the firm serves customers across 100 countries, and has opened up around 300,000 accounts with an impressive daily volume of $4bn. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.