Lime Fx offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Lime FxTrader. Lime Fx extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the Lime FxTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
How long does the verification process take for Lime Fx?
Lime Fx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads. Customer support for mobile trading is of a high level and can also be accessed 24/5 via a live chat function.
Pros and Cons of Regulation and Safety of Funds
The CopyTrade App completes the picture by focusing solely on social trading. The app’s AI-based recommendation system, which suggests Masters to follow based on a user’s trading style and risk tolerance, is what sets it apart. Once your account has been funded, you can begin trading Forex and CFDs with Lime Fx’s trading tools and features. Yes, Lime Fx allows multiple accounts, but certain terms and conditions apply.
Lime Fx App 📱
STP (Straight-through processing) is basically done through electronic transfers. With cTrader, users can trade directly with prominent banks globally. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. Customer service is available 24 hours a day Monday through Friday.
Three account types cater to traders with different levels of experience. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate Lime Fx as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. The Lime Fx mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Lime Fx app, users can open positions in the Lime Fx account as well as in MT4 and MT5, which can also be done using those specific applications.
Lime Fx puts user experience first, offering negative balance protection to all. They provide CFDs and other instruments, including popular indices. Notably, Lime Fx doesn’t charge fees for fast deposits and withdrawals.
However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements.
- Lime Fx doesn’t require a minimum deposit to open an account, a notable point in their favor.
- Turns out the CySEC is the independent regulatory body responsible for financial oversight in Cyprus.
- Firstly, traders are presented with the option to select a Master Trader.
It helps maintain a highly competitive cost structure in emerging markets. Autochartist Pro also supports traders in a wide range of ailments through manual support. Traders come to the Lime Fx offer for the experience of trading with Lime Fxtrader, MetaTrader 4, and MetaTrader 5.
One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. Overall, we advise to check conditions based on Lime Fx entity you wish too trade through.
Lime Fx Champion offer
- Therefore, we encourage anyone considering Lime Fx to do your own additional research to determine whether you are happy with the standards offered.
- With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns.
- Lime Fx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS.
- Furthermore, efficient trade management depends on MT4’s quick order execution, which is absolutely important for active traders.
- Approval of the funds can take from 1-3 hours depending on when you make a request.
Lime Fx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. The range of available CFDs on indices is also better than average. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.
You only pay the built-in spread, which starts from 0.9 limefx review points on certain stocks. With all those global customers, you might think Lime Fx is headquartered in a major financial capital like London, New York or Tokyo. And it seems to have worked, because Lime Fx now has over 21 million happy customers! Lime Fx is ranked among the Top 20 Forex and CFD brokers for Dubai. Any remaining balance will typically be returned to you using the available withdrawal methods. No, account verification is required before you can begin trading.
The platform supports MetaTrader 4 and MetaTrader 5, catering to different trading styles and strategies. Users particularly appreciate the platform’s real-time charting tools, technical analysis features, and automated trading capabilities. Lime Fx comprehends the significance of traders’ flexibility and offers tailored mobile trading applications for MT4 and MT5, exclusively created for Android and iOS users. The broker’s range of forex trading products is limited to MT4, MT5, and Lime FxTrader but still provides a service to every trading style thanks to the MetaTrader options.
This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. Founded in 2011 in Cyprus, Lime Fx is a well-regulated broker with oversight in place from CySEC and SVG.
While Lime Fx usually confirms withdrawals within 1-2 business days, remember to allow extra time for your bank to process the transaction. Lime Fx charges different prices depending on which of its offices oversees your account. For instance, its EU office offers slightly better prices for trading EUR/USD, with an average spread of 0.5 pips, compared to 0.9 pips for other offices. It’s important to know that Lime Fx doesn’t mention the time period for its typical prices listed on its website. So, these values aren’t as reliable as prices with a specific date. Overall, Lime Fx has improved its prices and seems to be competitive with the cheapest MetaTrader brokers.
He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint.
Popularity among Malaysian traders who choose Lime Fx
You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. As an ECN (Electronic Communications Network) broker, Lime Fx delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.
I find MT4 makes it easy to customise your https://limefx.group/ charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning Lime Fx as a low-spread broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site. The app is available on Android and iOS for MetaTrader and cTrader platforms through iTunes and Google Play where it has very high reviews.
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