MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The knowledge base section contains blogs on trading-related topics and a detailed FAQ. Traders can also partake in the webinars organized by the company. The amount of leverage available depends on the equity. Here is a comparison table on the leverage available to forex traders.
- The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders.
- It goes against our guidelines to offer incentives for reviews.
- Other resources include the economic calendar, trading calculators, market sentiment indicators, expert advisors, trading ideas, and trades of the week.
Trading Platforms
It offers a perfect combination of convenience and functionality. However, you must verify your identity and funding method before funding your trading account. You can deposit funds into your trading account via your browser’s area or the Lime Fx app. The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that Lime Fx does not engage in unnecessary data mining as part of its registration process. Besides research from Autochartist, Lime Fx publishes quality in-house research with actionable trading recommendations.
The service is so great and available…
Lime Fx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
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This high rating underscores the broker’s satisfactory customer service. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Trade from your smartphone with the Lime Fx app
Lime Fx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Lime Fx also developed an in-house mobile app, Lime Fx App.
Trading Denominations on Lime Fx
Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions.
Lime Fx Customer Protection
By continuing to browse this website, you agree to our Cookie policy. Lime Fx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Lime Fx is offering new and existing clients to double their deposit.Receive up to $1 … Lime Fx is rated “excellent” on Trustpilot with a 4.6 rating based on 897 ratings.
There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and Lime Fx account must match. They offer different account types for various trading needs and Islamic trading options for those who want to adhere to Sharia laws. However, the Lime Fx trading platforms are unavailable to EU/EEA/UK residents. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.
It offers generous leverage, fast order execution, and direct access to global financial markets. Lime Fx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that Lime Fx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Lime Fx may ask for additional information on a case-by-case basis. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. Lime Fx’ execution qualityis confirmed by VMTand complies with bestexecution standards. This limefx scam review further explains all you need to know about this broker. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money.
Lime Fx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based https://limefx.club/ ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. Lime Fx is an offshore regulated broker that offers brokerage services to clients in over 100 Latin American, Asia, and African countries.
Real-life experience includes dedicated advisory services, assistance with investments across various asset classes, and guidance. Lime Fx has four trading accounts designed for amateurs and professional traders. These are the Standard, Fixed, ECN, and Crypto accounts.
Lime Fx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. Lime Fx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. Still, the overall approach to customer support remains excellent. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. Lime Fx also has a VIP program, upgrading the Lime Fx trading experience significantly via up to 30% reduction in trading fees and increased cashback.