We did not come across any strategy restrictions when we used Lime Fx. Scalping, hedging and automated trading are all permitted on the broker’s accounts. Our experts also found important account safeguards in place during their assessment of Lime Fx, including segregated client accounts and negative balance protection. Based on our assessment, MT4 is best for beginners with 3 chart types, 9 timeframe views, 4 pending order types, 30+ technical indicators and 23 drawing tools. With excellent customization capabilities, we are comfortable traders of all experience levels will be able to navigate the interface and open/close positions with ease.
Lime Fx Client Reviews: Verified Trader Feedback
You will need to provide basic personal information, select your account type, and verify your identity with the necessary documents. The broker offers a selection of crypto CFDs, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), allowing traders to speculate on the price movements of digital assets without owning them directly. Canadian residents are currently not permitted to open trading accounts with Lime Fx due to local regulatory constraints. An inactivity fee is charged if there has been no trading activity for 90 days. The fee is $5 per month, which is relatively low compared to other brokers.
Overnight Funding Fee
Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account. The brokerage has offices in multiple countries, including headquarters in Limassol, Cyprus. The brand is comprised of a group of online trading entities, with regulatory oversight from the likes of the CySEC, ASIC, and DFSA. Previous incentives, available to global clients, have included a $30 no-deposit bonus. Here, profits generated using the credit could be withdrawn once the account volume reaches 10 micro lots and 5 round turn trades have been completed.
Lime Fx Group is operated with client requirements at the forefront of everything that they do. Up to $5,000,000 is available in virtual credit and you can test strategies risk-free on any of the broker’s trading accounts. The platform is innovative in all aspects starting from the trading services ending with its ongoing development and improvement.
Other prominent MT5 brokers to consider who are on par with Lime Fx include Lime Fx. The account opening process with Lime Fx is straightforward and user-friendly. Lime Fx offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Lime Fx offers free webinars presented by highly skilled forex professionals who joined forces under the guidance of the Guru to provide free interactive webinars available for anyone on the globe.
Reviews2.3
Multilingual customer service is available in over 30 languages, including English, Chinese, Russian, Spanish and Arabic. You can contact the broker 24 hours a day by telephone, email, and live limefx broker reviews chat. Our other criticism is that the VPS, while offering low latency trading and 24/7 market connectivity, costs $28 per month. This is higher than other brokers we have used, with some firms offering free VPS hosting for active traders. Overnight fees apply on cash instruments held overnight, but this is industry standard.
Markets
This makes it easy to run your account and trades in a convenient currency. Importantly, Lime Fx stands out for its $5 minimum deposit – lower than almost every broker we have reviewed. This makes the brokerage a good option for beginners and those with less starting capital. The only exception to this is the Shares profile, which requires a $10,000 minimum investment.
Lime Fx offers a wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. With over 1,000 instruments available, traders can diversify their portfolios across various asset classes and markets. Indian residents can open accounts with Lime Fx and trade a variety of financial instruments, including forex, commodities, and indices. The broker provides localized support and payment options, making it a popular choice among Indian traders. These regulatory bodies ensure that Lime Fx adheres to strict industry standards, providing a secure trading environment for its clients. Lime Fx excels in customer support, providing responsive and multilingual assistance to its clients.
However, Lime Fx Global does not offer cryptocurrencies or their derivatives. If you are looking to trade cryptocurrencies with all other benefits, Markets.com might be a good alternative for you. Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading. When it comes to trust and security, Lime Fx has taken significant steps to establish itself as a regulated and secure broker.
In my previous comment, Lime Fx requested Trustpilot to delete my comment, claiming my review was fake. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Yes, Lime Fx offers a referral program called the “Refer a Friend” program.
Lime Fx offers a straightforward and flexible deposit limefx official site and withdrawal process, catering to the needs of traders worldwide. The broker supports multiple payment methods, various account currencies, and fee-free transactions, making it easy for clients to manage their funds. Lime Fx was founded in 2009 and has since grown into one of the most reputable and well-established brokers globally, serving over 5 million clients from 190 countries. The broker has consistently expanded its product offerings, services, and market presence, earning multiple awards for its platforms, customer service, and trading conditions.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- Here, profits generated using the credit could be withdrawn once the account volume reaches 10 micro lots and 5 round turn trades have been completed.
- Lime Fx covers all my commission costs, at least so far.The instrument amount very impressive.
So quite like that there’s all the pairs and commodities etc here. Only thing i don’t see are synthetic cryptos, those would be a nice add mby.24/5 support, and they have EVERYTHING. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Lime Fx offers a variety of account types tailored to meet the needs of different traders, ranging from beginners to experienced professionals. Each account type is designed to offer specific benefits and trading conditions, allowing traders to choose the one that best suits their trading style and financial goals.
If you are new to trading online and would like to learn more about the different platforms available and how to use them, Lime Fx have a generous selection of tutorial videos that can help. Don’t worry if you are not trading enough volume, you can still request the Lime Fx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet.
The two features we found particularly useful during our review, were the Discover and Trade Ideas. These offer useful market sentiment data and insights to help inform the decision-making process. Lime Fx offers occasional bonuses and financial incentives for new customers. Access will vary by jurisdiction due to regulatory restrictions – EU, UK and Australian investors cannot access trading promotions for example.