A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Lime Fx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Learn more about FOREX.com powerful trading platform and how you can get started today. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM). Lime Fx also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security.
- Lime Fx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil.
- While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market.
- Another thing that makes this broker appealing is the withdrawal procedure – quick, hassle-free and plenty of payment methods.
- The minimum deposit will vary depending on the account type.
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Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Lime Fx offers a diverse range limefx reviews of trading account types with varying features that cater to different types of traders. Whether you are a beginner or a seasoned trader, Lime Fx provides account types with flexible leverage, competitive spreads, and no hidden fees for most account types. Lime Fx offers a diverse range of trading account types to cater to different levels of traders and their specific trading needs.
Sometimes, when you use a credit card deposit, it takes hours for the transaction to go through. However, these problems are still acceptable if you’re not in a hurry.But the worst experience I’ve had with Lime Fx is with the most important part of all – trading itself. I’ve been trading on MT4 and found that the order price is entirely different from what’s shown on MT4 charts.
Our research included testing trading instruments, the operation of trading platforms on different devices, as well as studying feedback from active clients. Lime Fx is packed with a line of extremely needed utilities, such as analytical shows, the tool for managing a few accounts at the same time, trading signals, etc. Standard account turned out to be my way of interacting with their platform, mt4. There is a choice between forex, metals, indices, commodities, futures, shares cfds…the app is moving fast and I never had to reload it to get it working better.
Had a minor issue with my first withdrawal, but support sorted it quickly. Not only bout the technical support, which is excellent and always around the corner, but in terms of resources, too.
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. The secure Lime Fx back office handles all financial transactions for verified clients. Lime Fx received numerous awards https://limefx.name/ for various aspects of its competitive trading environment. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders must ensure they execute risk management to avoid magnified losses. Lime Fx offers negative balance protection, meaning traders can never lose more than their deposits.
If you’re thinking about putting your hard earned cash into Lime Fx, do yourself a favor and think twice. I unfortunately learned the hard way with a loss of a whopping 25k euro. They tricked me with their fancy website that seemed legit, but it was all a clever ruse.
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- The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
- The platform is intuitive, and the account setup process was smooth and quick.
- With real-time forex data and the ability to execute trades from anywhere, mobile trading is a convenient option for traders seeking flexibility.
- Lime Fx offers a range of webinars, video tutorials, and other educational materials that helped me improve my trading skills.
There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Traders can open an Lime Fx account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office. Some options depend on the geographic location and account type.
Whenever they launch the trading…
Select the account type that suits your trading preferences (e.g., Standard, Premium, VIP, Live Zero Fixed Spread). Click on the “Open Account” or “Start Trading” button, usually found on the homepage. You will be prompted to provide some personal details such as your name, email address, and phone number. The IB Monthly Reward Plan allows you to earn cash rewards based on the number of new clients you bring and the trading volume they generate. Rewards range from $100 for a silver level (with 50 lots and 3-7 new clients) up to $1,000 for the diamond level (with 400 lots and 25+ new clients). Trading central is something that helps me to make more informed decisions and it positively influences my trading results.
Are there any hidden fees for using Lime Fx?
This means that I usually end up with a 1-2 pips loss, which can add up to quite a lot if it keeps happening. But due to these strange pricing issues, you end up paying another $10-20. Profit-making becomes difficult, especially with scalping trading. When I tried to approach them regarding compensating for my losses, they mentioned that it was just slippage of 1-2 pips. I wouldn’t recommend continuing with this broker if that’s the case.To prove this to you, I could share my trading history as evidence if you leave your email address. I recently had an experience with Lime Fx that left me feeling disappointed and frustrated.
From the account types to the trading conditions like the execution speed and also the fast withdrawals, I knew without a doubt that I was at the right place. This is a modern broker and some of the modern trading engines should be included, too. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The Lime Fx group presents clients with two regulated trading entities and maintains a secure trading environment.
Lime Fx provides a smooth and secure process for both depositing and withdrawing funds. The platform offers a variety of deposit methods, though processing times can vary, with bank wire transfers being the primary method for withdrawals. This system ensures that both your initial deposit and any profits you make are transferred securely, though you should be aware of the withdrawal process timeframes. MT4 is a widely used, reliable trading platform that offers fast execution, intuitive tools, and a user-friendly interface.
But eventually, after a lot of emailing and phone calls to Lime Fx, the money did reach my bank account.All in all, I wouldn’t say that Lime Fx is a perfect broker, but they’re definitely not a scam. However, I would advise anyone thinking of investing their money in Lime Fx to proceed with caution. Keep a close eye on your account and don’t hesitate to contact their customer service if you face any issues. Lime Fx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.
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Traders have eight account options at Lime Fx, where the minimum deposit is $0 for most. 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-free Absolute Zero account. Low trading fees and quality education for beginners from an industry leader. A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
They really need to step up their game if they wanna keep their customers happy. The minimum deposit at Lime Fx is $50 for most accounts, except for the Zero Spread option, which requires $500. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.