Support is provided in over 12 countries including the UK, Armenia, Russia, Thailand and Nigeria. Lime Fx Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007. The company is registered and authorised in Saint Vincent and the Grenadines, but has numerous global support offices across Europe, Asia and Africa. Lime Fx serves over 350,000 clients and has picked up a number of global forex awards since its establishment. Nonetheless, the broker is a member of the The Financial Commission, an independent dispute resolution organisation which insures traders’ interests up to €20,000. The broker also offers negative balance protection, which limefx official site prevents trader accounts from dropping below zero.
The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.
Lime Fx offers a diverse range of instruments, including forex and cryptocurrency pairs, commodities and precious metals, indices, stocks and bonds. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Lime Fx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. A competitive ECN trading environment with audited and verified order execution. We use dedicated people and clever technology to safeguard our platform.
Lime Fx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. 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.
Minimum withdrawal amounts vary based on the payment processors, but all are low. 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.
- I like the Lime Fx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure.
- Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection.
- Clients can also get free access to the Autochartist indicator, plus an economic calendar and trader calculator.
- Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.
I also like that Lime Fx ensures traders operate from a trustworthy and secure trading environment. Lime Fx offers a few trader bonuses and promotions, including a 25% welcome bonus on minimum initial deposits of $500. There’s also a cashback loyalty program, where part of the spread is paid back to clients who trade regularly.
Lime Fx Bonuses
Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window. MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading. The platform includes 30 technical indicators, which are supported on 9 different time frames. There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors). The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
Make sure to check the bonus terms and conditions before signing up. Bank cards limefx scammers are charged from 2.2% and fees for bank transfer will depend on your bank. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer. Withdrawal fees depend on the payment processor, and Lime Fx processes all requests within 24 hours.
Lime Fx offers Standard and ECN accounts on the MetaTrader 4 and 5 platforms, plus additional tools and copy-trading. There’s also a range of good deposit and withdrawal methods, plus a demo account to suit beginners and experienced traders. The main downside is the offshore regulation, which may not provide adequate protections compared to other brokers. Lime Fx has four account types, one being a dedicated cryptocurrency trading account. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Account Types
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. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. 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.
A demo account is an excellent tool for both new traders and experts, as they allow you to practice trading skills and place trades without investing any real capital. If you’re trading in the Standard or Fixed account, commissions are included in the spread. Rollover or swap rates will also apply to positions carried over into the next day.
Withdrawals
I rate the well-structured Lime Fx research section among the best in the industry in quality and quantity. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. 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.
Copy Trading from Lime Fx
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. The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Commissions are only charged in the ECN account which offers the tightest spreads.
Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. 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. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. I like the Lime Fx trading fees in the ECN account and multi-tier leverage system.
