However, Lime FxFX suggests a minimum deposit of $100 for optimal trading experience. Lime Fx offers educational resources such as platform tutorial videos, academic articles, webinars, a trading glossary, and a demo account for hands-on learning. Yes, Lime Fx’s trading platforms, including MT4 and MT5, are available on mobile devices through dedicated mobile applications. Lime Fx does not charge deposit or withdrawal fees, allowing traders to manage their funds efficiently. Lime Fx protects customer funds by segregating them from the company’s balance sheets and provides negative balance protection. Additionally, it uses SSL-secured encryption to safeguard your financial transactions and personal data.
The account opening process at Lime Fx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; Lime FxFX MT4, Lime FxFX MT5, and Lime FxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. Lime Fx excelled in the category of fees, with tight spreads in CFDs on forex and shares.
- We’re thrilled to hear that you’re enjoying the speed of our payment methods.
- But, even for simple questions, we didn’t find the customer service options impressive.
- It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia.
- With Lime FxFX, you have access to most of the major trading instruments.
Customer service is highly responsive, with one drawback being that there is no phone support. Lime Fx also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. The Lime Fx website features a robust economic calendar, including the time, date, country, actual figure, forecast figure, previous figure, and anticipated market impact of a given economic release. Daily and limefx reviews weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR.
Copy Trading
The EU entity of Lime Fx clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. 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 company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
MetaTrader 4 vs. MetaTrader 5
Rather than specializing in any one field, Lime Fx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Lime Fx has also gone above and beyond with its education materials which include live webinars and carefully crafted courses.
MetaTrader 5 Desktop
Lime Fx (formerly Lime FxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Lime Fx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. We hope, that reading all of the Lime Fx reviews you will find the answers to your questions.
Additionally, you can trade with all the trading products available on the platform. All account types offer a free demo account, allowing traders to test the platform and practice their strategies before committing to live trading. Lime Fx Markets Ltd is the brand’s international entity based in Mwali, and it provides limited regulatory protection, as the Mwali International Services Authority (MISA) is not known to be an efficient regulator of forex brokers. The security of your funds – in terms of regulatory protection – will depend on which Lime Fx entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia. Lime Fx provides a solid range of educational materials, including articles, videos, webinars, and a video course.
For example, forex pairs might have tighter spreads compared to CFDs or cryptocurrencies. Lime Fx offers a variety of account types designed to cater to different trading needs and levels of experience. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. 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.
Lime Fx also offers a free Telegram channel with strategies, trading ideas and other exclusive materials from experts. The Lime Fx website has an extensive education section with videos and articles for beginner and intermediate traders. If you prefer web trading, Lime FxTrader web version is also available. Some of these educational webinars could be useful, but they are only really suitable for absolute newbies.If you want advanced trading education, look elsewhere. But, even for simple questions, we didn’t find the customer service options impressive.
It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (Lime FxFX MT4 and Lime FxFX MT5), all fees limefx broker reviews are reflected in the spread – there are no additional commissions charged. Trading instruments provided by Lime Fx have some of the lowest spreads in the industry. The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the Lime FxTrader, MT4 or MT5 account do not have to pay swaps. It’s been a great journey till now with exciting events and prizes Lime Fx offers on a regular basis.The amount of bonus I get for each deposit is exceptional!
The availability of these payment methods may also depend on your country of residence. The following table summarizes the products available to Lime Fx clients. Use our country selector tool to view available brokers in your country.
Detailed Table of Copy Trading Features
We suspect this administration fee could still be a type of riba. These spreads are also variable and depend on the account type. Lime Fx offers trading in several popular cryptocurrencies, including Bitcoin, Ethereum, and others. Lime Fx provides access to a broad selection of forex pairs, including major, minor, and exotic pairs. Account registration with Lime Fx is straightforward and user-friendly, allowing new traders to quickly set up their accounts and begin trading with minimal hassle. The information provided by the applicant must be accurate, relevant, and up-to-date.