As stated on their website, over 21 million trading accounts have been opened across 180 countries with Lime Fx. Dear Khanyisile, Thank you so much for your kind review and for sharing your positive experience with Lime Fx! We’re thrilled to hear that you’re enjoying the speed of our payment methods.
Withdrawal – Impressed
Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Lime Fx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. The AutoChartist plugin for MetaTrader is available limefx scam to clients with $1,000 or more in their accounts.
This wasn’t good, and we’d like to see Lime FxFX improve greatly in this department. The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. Lime FxFX has a limefx scam fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing. Lime FxFX is also registered as a company in Saint Lucia, and its trading name is Lime FxMarkets.
Lime Fx Maximum Leverage by Asset Class
However, the European entity of Lime Fx is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. Dear Revathy Ramalinggam, Thank you for your valuable feedback! We’re glad to hear that you find the convenience of making payments through Visa and Mastercard with short processing times helpful. Lime FxFX offers two types of trading accounts with both being the same except one is with the MetaTrader 4 (MT4) trading platform and the other is with the MetaTrader 5 trading platform (MT5).
With over 60 Clients at 12 USD per lot can result in an average monthly commission of 14’418 USD. It’s essential to check the fee structure for each payment method. Withdrawals may require identity verification to comply with regulatory standards and prevent fraud. Spreads on cryptocurrencies can be wider due to market volatility and liquidity.
Our spread module indicates that with Lime FxFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. To make the demo account interesting, Lime FxFX has a demo contest for which you win prizes. Each month, up to $1000 in real prize money is available with $500 for the winner, $300 for the runner-up, and $100 for third place. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. If you are not of Islamic faith, having no swaps can work for or even against you.
Does Lime FxFX have a withdrawal fee?
You can download the MT4, MT5, and Lime FxTrader platforms from the Lime Fx website. Installation guides and step-by-step instructions are also available to help you set up the platforms on your desktop or mobile devices. We have found the Lime Fx 50% Welcome Bonus to be an excellent offer as it is available on each deposit made and not only the first. A Trader has to deposit at least USD 50 to earn a 50% deposit. The Lime Fx sign-up bonus is structured as a + 50% bonus program. Trading with Lime Fx seems to be Safe and Secure as it employs advanced cybersecurity measures, including regular security audits and monitoring systems, to protect against threats.
- We are delighted to hear that you have been using Lime Fx for over a year and that our services have met your expectations.
- Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
- Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers.
- This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
Lime Fx is a Forex broker providing ECN trading and CFDs on Indices, Metals, and Cryptocurrencies via MT4 and MT5. It offers diverse trading accounts, copy trading, bonuses, and extensive research tools. MetaTrader 4 is available as a mobile app for both Android and iOS devices, allowing traders to access their accounts, execute trades, and monitor the markets on the go. Lime FxTrader provides a seamless trading experience—no need to lose focus switching between apps.
After choosing a platform, the applicant will press continue to finalize account creation. Lime Fx employs SSL (Secure Socket Layer) encryption to secure data transmission between clients and the trading platform. 🛡️Regulated and trusted by CySEC, MISA, and FSCA🛡️3158 new traders chose this broker in the last 90 days.🛡️Available for global Traders.
Lime Fx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. In article format, Lime Fx provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. Lime Fx also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and how to copy trade. The education section on the Lime Fx website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.
What are the withdrawal fees at Lime FxFX?
The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. Lime Fx does not currently charge swap fees – the charge for holding leveraged positions overnight.