Below is a tabular review of the various deposit methods and the processing time. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The «Space» section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. 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.
Nevertheless, new users can always use the promo codes of Lime Fx affiliates to receive bonuses or chat with the live support on their website to get the promo code. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage. After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Due to the low minimum deposit, having a free demo account, and a trading academy, it targets all categories of traders. It is sophisticated software loaded with various functionalities, such as high-end technical analysis, graphical representations of data, and the ability to trade on the go.
As for the leverage, a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the Lime Fx broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly. Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market. Recognized as a reliable broker as Lime Fx operates for many years, it is fit for most traders, especially International traders since Lime Fx proposal internationally is much wider and better quality too. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment.
Lime Fx offers a demo account for all of its platforms such as Lime FxTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. As for education, I found Lime Fx provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. I think having Lime Fx Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade.
Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Awesome fx apps list – my advice is to check brokers with social trading technology.
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. 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 limefx 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. The differences are the platform and assets options, thats pretty much it.
- For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead.
- Additionally, Lime Fx offers impressive customer support to assuage any potential challenges traders might face.
- Depending on the withdrawal method used, the minimum withdrawal amount is $5.
- You can access the broker’s copy trading service by downloading the copytrading app.
- 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 instinctual blunders while trading.
How to withdraw Funds from Lime Fx
The company currently has a proprietary trading platform known as Lime FxTrader. Furthermore, Lime Fx has an easy-to-use app which is also available on Android and IOS devices. This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
Lime Fx Trading App
The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker. However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool. Lime Fx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to https://limefx.name/ a few hours, which is better than average for the industry.
If you are interested in automating share CFDs, MT5 is the only platform on Lime Fx to provide this. Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the Lime FxTrader platform.
I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Lime Fx supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The promo codes, according to their customer support, is a unique offer for some new clients.
Trustpilot Users’ Review About Lime Fx
Lime Fx’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. Three account types cater to traders with different levels of experience.Spreads are competitive, especially in forex and shares. Lime Fx has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. It’s good to see Lime Fx offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools. I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple.
What Reddit Users Say About Lime Fx
The spread for all available currency pairs offered by Lime Fx – including major, minor and exotic pairs are listed in the table below. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like «Trustpilot» on the TradingFinder website assist all traders. Lime Fx is a financial broker with more than 40 million accounts opened on it. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
Tradable Instruments
This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. Lime Fx has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on.
- Lime Fx provides a variety of educational resources aimed at enhancing trading skills.
- I think having Lime Fx Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade.
- One of the standout features of Lime Fx is that it does not charge swap fees.
- Lime Fx is a broker that has operated for over 10 years and has been expanding during this time.
- Overall, Lime Fx provides good flexibility in terms of conditions, platforms, and instruments it proposes.
Established in 2011 and located in London, Lime Fx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. This broker does not charge its traders with any commission outside of trading for depositing and withdrawing funds. Also, there are no swaps on the MT5 and Lime Fxtrader platforms from the broker.