Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which Lime Fx entity you choose for establishing your trading account. Lime Fx has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers.
Lime Fx Customer Support
You’ll also have access to a host of risk management features that enable you to diversify our exposure throughout a range of asset classes. Traders will be relieved to know that no fees for withdrawals or deposits are charged by Lime Fx and limefx courses scam fees incurred by its payment processors are covered. 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.
The cashback rebate program returns a percentage of the trading spread, subject to conditions such as trading volume. Yes, Lime Fx provides a variety of risk management tools, such as stop-loss and take-profit levels. An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site.
Lime Fx Fees & Commissions
Lime Fx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, Lime Fx also has an entity regulated in Mauritius, through Uni Fin Invest . Dear Husni Kurniawan,Thank you so much for your kind words and for taking the time to leave a review!
- We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.
- Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry.
- These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
Overall, Lime Fx provides a solid trading experience, and with its low minimum deposit requirements and extensive account types, it caters to a diverse group of traders. Lime Fx offers a variety of payment methods for both deposits and withdrawals, ensuring that traders have multiple options to fund their accounts and withdraw profits. Lime Fx offers regular webinars and online courses, providing traders with real-time learning opportunities. The webinars cover a broad spectrum of topics, ranging from the basics of forex to advanced trading techniques and strategies.
Account Minimum
Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at Lime Fx, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from Lime Fx, it is noted that they offer a little more than 70 assets in total.
How does Lime Fx copy trading work?
While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. 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. So, we hope you’ll enjoy being with us for a long time.Please feel free to visit our social media channels to keep up with our promotions and have a chat. We’re glad to hear you’re enjoying our tight spreads and the speed of our deposit and withdrawal process, as it means a lot to us.We also appreciate your suggestion regarding lowering the minimum deposit.
- These pairs range from major pairs like EUR/USD and GBP/USD to minor and exotic pairs, providing traders with ample opportunities in the forex market.
- MT5 mobile offers various charting capabilities and customization which is fantastic for mobile trading along with full management of your account.
- Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.
Also, if you want to access your trading account with Lime Fx on the go, you can always download Android or iOS apps and login to your account from anywhere. While the technical analysis capabilities of these apps are limited, it can be a lifesaver to be able to open and close orders during emergencies and you should use these apps for such occasions only. Lime Fx also offers free demo accounts and we are happy to report that these demo accounts have no set expiry date. However, if you leave the demo account inactive for 60 days, Lime Fx will deactivate it. While Lime Fx presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.
This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow and copy these leading traders at will. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Their extensive educational resources include articles, video courses, and webinars. Beginners will appreciate the platform’s demo accounts, ability to trade in micro-lots, and robust educational tools. Lime Fx stands out as a versatile and cost-effective broker, appealing to traders across various experience levels.
Lime Fx offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. Using Lime Fx allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. Yes, Lime Fx provides demo accounts through the MetaTrader 4, MetaTrader 5, and Lime FxTrader platforms. The Lime Fx MetaTrader 5 (MT5) platform is user-friendly and has new features. However, automated trading scripts like expert advisors aren’t supported. Lime Fx broker offers the MetaTrader 5 (MT5) Pro Account, which is very profitable for experienced investors and new traders alike. The Lime Fx broker website works just like the desktop platform of MetaTrader 4.
Rebates are credited directly into traders’ accounts weekly, providing maximum convenience. To use the VPS service, you must have an active account and a minimum deposit of $500. The time it takes to process Lime Fx deposits varies depending on the payment method chosen. Most electronic payments, such as Neteller and Skrill, are processed instantly.
The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
support so slow to provide feedback
You only pay the built-in spread, which starts from 0.9 points on certain stocks. With all those global customers, you might think Lime Fx is headquartered in a https://limefx.group/ 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! Bitcoin and cryptocurrencies can be traded on Lime Fx but not bought outrightly. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns. All information on 55brokers.com is only published for general information purposes.