Other notable tools include widgets that clearly display live quotes, interest rates and national holidays. Overall, the broker has plenty of tools for everyone to see some benefit. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a limefx website rush or just not that good at maths. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account.
When we used Lime FxFX’s trading terminals, the new order process was similar and relatively straightforward. Lime Fx offers a swap-free Islamic account that adheres to the principles of Sharia law. Copy and automated trading are only available on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features.
Forex Risk Disclaimer
Lime FxFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, and 31 drawing tools also.
Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry. But in its short life, Lime FxFX has already made quite a name for itself. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs. The Lime FxFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide.
The EU entity is registered in Limassol, Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online. The bespoke software enables users to track master traders and their live performance, control portfolios on the go, view how their funds are invested and manage risk in real-time.
If branding consistency is important to you, feel free to use it. The main advantage of this platform is easier sign up and less hassle when making deposits and withdrawals. Lime FxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Lime FxTrader, an in-house white-label program. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
- Three account types cater to traders with different levels of experience.
- The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU.
- Overall great value with a choice of more than 70 assets to trade.
- You can also get it through some other brokers including Forex.com.
- It is also highly customisable and can be adjusted to cater to suit the needs of different traders.
How much are Non Trading Fees with Lime FxFX?
We’re committed to providing excellent trading conditions and supporting you every step of the way. We wish you continued success in your trading journey.Kind regards,Lime Fx Rep. 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.
Trading Platform
You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do so.
Dear Vizicelo Jikwana, Thank you for sharing your positive experience with us! We’re thrilled to hear that you appreciate the swift payment methods and the simplicity of our platform. Dear Prasanna, Thank you for sharing your experience and for choosing Lime Fx! We’re delighted to hear that your recent withdrawal was processed so quickly, and it’s wonderful to know that it left a positive impression. We strive to provide prompt support and will make sure your comments are forwarded to the relevant department for improvement.
This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections. However, Lime Fx states that it provides clients with segregated accounts and negative balance protection.
Account Application
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Lime Fx does have a proprietary app for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
If you ever need further assistance or have any questions, please don’t hesitate to contact us via live chat or email us at you for being a valued member of the Lime Fx community. Lime FxFX’s award winning customer support team is available 24 hours a day from Monday to Friday. Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there limefx scammers to answer your general and technical questions in a prompt and efficient manner.
He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders.