However, you can just create another one on a different trading platform—for free. With its fast and flexible payment system, Lime Fx makes it easy for traders to deposit and withdraw funds without unnecessary delays. However, it’s important to check the terms of each method, as processing times can vary depending on regional restrictions and bank policies. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and Lime Fx does not impose any additional fees. While there is no minimum deposit from the virtual wallet, Lime Fx advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes.
Traders can choose the one that best suits their strategy, whether they prefer scalping, day trading, or long-term investing. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. 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. Finally, Lime Fx offers free educational resources such as articles and video tutorials.
Manipulative practices maygenerate short-lived income but always lead to reputational damage, clientmistrust, and legal consequences. On the other hand, transparent, fair, andwell-regulated e-brokerage practices foster long-term trading activity, clientretention, and steady profits. Brokers cooperate with regulatory authorities to avoid variousmanipulations and establish sustainable and ethical practices in the tradingindustry. By meeting the requirements of regulatory bodies and obtaining therespective licences, brokers show that their processes are on par with thebenchmarks, and their clients can safely trade with them. No, you can start trading right after you open a trading account and make a deposit. But you will have to verify your identity before you can withdraw any funds from your real trading account.
In terms of tools, traders can choose the most convenient platform among Lime Fx Trader, MT4, and MT5. With the mobile Lime Fx app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions.
Key Features, Pros & Cons
However, once the process is completed, they can easily add additional accounts with just one click. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. Lime Fx delivers a well-rounded and diverse educational hub, giving beginners a complete 360° view of the trading world. Its library is packed with webinars, videos, articles, and courses covering everything from technical and fundamental analysis to trading psychology and risk management.
To enhance security, Lime Fx employs segregated accounts, meaning client funds are kept separate from the company’s operational funds. This reduces the risk of misuse and ensures that traders’ deposits remain protected. Additionally, the broker provides negative balance protection, preventing traders from losing more than their initial investment. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based Lime FxTrader, along with the Lime Fx Copytrading app. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, Lime Fx launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable).
A Stress Free Process
- Lime Fx stands out in the research category with a rich set of in-house tools, including daily market overviews, an economic calendar, and featured trading signals.
- However, when we performed the same operation for the same MT4 account from the Lime Fx app, we found that this partial closing was allowed.
- At the end of the day, successful brokers easily decide betweenmanipulation and transparency.
- Lime Fx does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US.
- 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).
When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. limefx broker reviews Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions, but also the losses incurred from failed trades. Compared to the industry average, Lime Fx offers a low number of indices, an average amount of currency pairs, commodities, and share CFDs, and a high number of cryptocurrencies. Lime Fx offers 260 CFD instruments across currency pairs, commodities, shares, indices, and cryptocurrencies. The selection also includes 100+ U.S. companies’ stock for value investing.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Founded in 2011, Lime Fx (formerly Lime FxFX) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus). 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 . Lime Fx does have a proprietary mobile app for trading, as well as for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
Periodically, Lime Fx offers the Lime FxFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
Withdrawals can be initiated from the website dashboard or through the mobile app. 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. Lime Fx does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of Lime Fx is that it does not charge swap fees.
You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid scammed by limefx instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage.
- I was most impressed by Lime Fx’s AI-powered market research and comprehensive educational content.
- This set of measures protects the broker from fraudulent activitywhile assuring traders that the community they are part of is genuine andsecure.
- Traders can choose the one that best suits their strategy, whether they prefer scalping, day trading, or long-term investing.
- Lime Fx is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader.
Lime Fx doesn’t charge swap fees for all available instruments, so you can trade overnight at no extra cost. The offering could be even better if Lime Fx adds some low-risk securities, such as ETFs or bonds, which are typically preferred by swing traders. MetaTrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help traders make predictions. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability.
The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. Lime Fx platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. Lime Fx’s unique trading ecosystem provides traders with responsive customer support, a personalised framework to improve decision-making, a user-friendly, efficient trading terminal, and much more. At the heart of this ecosystem is Lime FxTrader, Lime Fx’s proprietary trading platform.
The ‘Lime FxVision’ AI tool helps traders track their performance and learn from their mistakes. The Lime FxTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders. It also integrates actionable trading signals for more informed decisions. However, the broker charges mixed spreads that may that may reduce profit margins for active traders.
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 may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, Lime Fx showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable.
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