The platform was developed by traders for traders and has a plethora of tools and charting. This is perhaps the most well-known trading platform on the market and is used by countless brokers around the world. In this Lime FxFX review we will take an in-depth look into this broker by delving into their tech, fees, regulation and reputation. We will also give you some top tips in order to make the most of your experience on their platforms.
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This is an interesting concept that has been used by other European brokers. In the case of a credit card funding, you will be refunded the initial deposit amount. If there are any profits that are above this funding level then you will have to receive this through another method such as e-wallet or bank wire. Withdrawals are just as simple and all that you need to do is to head to your “withdraw” section in your account. Before you can request a withdrawal make sure that your free margin exceeds the withdrawal amount.
My last experience was not too good…
The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified. limefx reviews Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method.
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The broker has various trading tools and analytics, including an Lime Fxfx profit calculator, trading calculator, pip calculator, live quotes, and monitoring. The Lime Fxfx calculators can greatly help analyse the profits and margins. Copy trading is a way to make trading more accessible by copying trade positions. Moreover, you do not need trading experience for copy trading, so even novice traders can participate without incurring losses and risks.
Trading Hours
Moreover, on the crypto side they only have three cryptocurrency pairs being Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH). Given that this is a European licence it means that they are allowed to offer their services to clients across the EU. This is because of the European “passporting” laws that form part of the MiFID directive.
Quick deposit and quick withdrawall. I am using from last three years.perfect broker.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Lime Fx (formerly Lime FxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. 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.
Lime FxFx Copy Trading
You can also find loads more of free and paid add-ons to further enhance their capabilities. There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited. That being said, it is nice to see that Lime FxFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management. When it comes to education, Lime FxFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis. Trading hours are the times when a particular asset is available for trading.
As you would most likely have guessed, this is the latest generation trading software that has been developed by MetaQuotes. This has a different layout to the MT4 platform so it may take a bit of time getting used to. For example, you have advanced order forms where you can set parameters around your positions. You also have numerous technical analysis indicators and studies that you can overlay your charts with. For example, on the Champion demo the first prize is $1,000 credited to your account.
The attractive spreads and leverage options are one of the main draws for South African traders. Lime Fx has some of the industry’s lowest spreads, which is especially useful for traders trying to maximize profits while minimizing expenditures. And they give you this free Autochartist report if you’re on a silver account like mine.
Lime Fx Markets Incorporated is the international branch of the broker. The company was established in St. Vincent and the Grenadines and is regulated with licensing from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) offer weak trader protection. Opening an account from one of the 185 countries where this license is used is considered high risk.
We understand the importance of having quick and easy access to your funds, which is why we have worked tirelessly to develop a system that allows for seamless transactions. If you have at least $500 in your Lime FxFX account then you can download and install the Autochartist trading signals plugin for MT4 & MT5. This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them. You can specify what signals you want to receive and the quality level of these signals (based on historical performance).
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 published here are entirely our own. Yes, it offers a referral program where users can get to invite friends for incentives.
Users can analyze the stock markets with the powerful MetaTrader software and go long or short with dynamic leverage. Fees are also competitive vs alternatives with typical spreads of 0.6 on the NASDAQ. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content https://limefx.club/ creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Founded in 2011, Lime Fx (formerly Lime FxFX) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus).
This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission (CySec). Lime FxFX is a well established forex and CFD broker that has undergone some serious global growth over the past few years. Coming to leveraged overnight holdings, the broker charges no swaps.
- Lime Fx has demonstrated its commitment to excellence and positive social impact through participating in various sponsorships.
- Many forex traders end up losing their money, particularly those who have little knowledge about trading.
- Lime FxFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address.
- The overall score is therefore adjusted down due to the broker being unregulated.
- Lime Fx offers world-class online support and educational material.
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. When we used the Lime FxFX app, it was easy to integrate an existing MetaTrader profile into the branded app. You can set SMS price alerts and app notifications of market movers. The application also permits full account management including live deposits and withdrawals and copy trading services.
You can also sign in to your new account using the Android app. Lime FxFX is a No Dealing Desk (NDD) broker and therefore acts as an intermediary between the trader and the market. Lime FxFX receives commissions from its liquidity providers for each transaction.
Copiers are free to choose the Master Trader that they want to copy and earn passive income from the profitable trades. Even so, Copiers still have full control over their funds and they can stop the subscription whenever they like. Secondly, we have the Pro Account which uses the more advanced MT5 platform.
