With over 5 million clients from as many as 190 countries, Lime Fx Is one of the most established brokers currently online. The Lime Fx Group is a global powerhouse that offers some of the best trading conditions. While sharing personal experience with Lime Fx, a Quora member said that he had been using the broker for more than three years and never faced any issues. According to him, the company charges higher commissions than most other brokerage firms like Coinexx etc.
Minimum deposit
The broker is licensed by five regulatory agencies around the world. This includes tier-1 regulatory bodies such as the FCA of the UK and ASIC of Australia. It is also licensed in Cyprus, which allows it to offer services throughout Europe, and Belize’s FSCA, which is an international regulatory body. The fees that you might have to pay limefx scammers mostly depend on the account type you are using, as well as the asset you are trading. As for the contract sizes, there are two options available for traders.
- (See Trading Costs for a comparison of the spread versus commission account models).
- In need of a fast trading app plus market news data, i looked for brokers and stopped by here.
- The processing time for a withdrawal request is one business day, which is the standard.
- Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them.
- We believe that Lime Fx’s spreads are reasonable but not as competitive as some rival brokers.
Lime Fx have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone. In addition, we found numerous Lime Fx’s add-ones and additional tool allowing you to enjoy extra benefits that the platform offers with regular resrarch or tools. Get started on the MT5 platform effortlessly on your preferred devices.
- So, they might skip the US to focus on other places where they can do business more smoothly.
- That’s because FCA doesn’t allow brokers to offer crypto derivatives to UK citizens.
- However, €20,000 is the level of protection that EU clients receive.
- However, crypto CFDs aren’t available to UK clients amid FCA restrictions.
- Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives.
- In the “Title” line, you should indicate the client’s title depending on the gender – Mr. or Ms. In the account information, you immediately specify the suitable trading platform and type of account.
Standard account
Yes, Lime Fx is considered good for beginners due to its extensive educational resources, user-friendly platforms, and wide range of trading tools. At Lime Fx, a variety of popular deposit and withdrawal methods are available. The processing time for a withdrawal request is one business day, which is the standard. However, it should be noted that cryptocurrencies are not included in the list of available methods, which may limit options for some traders. The Ultra Low account with below-market average spreads makes the fees more attractive to some traders. Still, the Standard account with above-market average spreads, swaps, and possible inactivity fees balances out this advantage.
Does Lime Fx provide VPS?
Overall, Lime Fx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. All accounts offer negative balance protection, hedging and Islamic option as standard. If the currency you deposit into your account is not USD, the amount shown is the equivalent in the deposit currency. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.
However, we are especially impressed by the human contact that is available and is an excellent service for novice traders. It is difficult to think of what they could do more to support their customers. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading.
For electronic payment systems, the minimum deposit amount is 5 US dollars. Lime Fx’s VPS service is an excellent addition to the broker’s trading capabilities, ensuring high-speed execution of transactions and trading reliability. This is especially useful for traders who use automated trading systems and advisors and wish to ensure the continuous operation of their strategies. Lime Fx introduces a new and exciting element to the trading world – Forex contests. These https://limefx.name/ contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes.
With its headquarters in Belize, the company serves 5M+ clients from 190+ countries worldwide. The broker claims to have a wide range of trading instruments and accommodating terms to facilitate retail and professional clients. However, the company lacks competitive variety amid trading platforms. Due to the absence of Lime Fx’s proprietary trading platform, clients must go for the industry standard trading platforms like MT4 and MT5. Investors can also use the Lime Fx mobile app to trade while commuting.
The verification process is a standard step in opening a trading account and aims to ensure security and compliance with legislation in anti-money laundering. The broker is interested in the trader’s experience and skills in online trading. In certain regions Lime Fx Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. Certain account types may limit which base currencies can be selected.
We offer a superior trading environment that puts traders in the best position to profit. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF). If a finance company under the CySEC jurisdiction fails then its clients are protected up to €20,000. This could be better if Lime Fx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000. However, €20,000 is the level of protection that EU clients receive. The ASIC regulation is top-tier and means that Lime Fx needs to run a responsible, ethical and professional company to service its clients.
Research and Educational Materials
To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option. Once you have downloaded the trading platform and you have deposited funds, it is time for you to start the market analysis. Lime Fx offers some of the best trading platforms available in the market, all of which allow you to do a very extensive and detailed market analysis. This is an important factor in making it in the Forex trading market. Lime Fx offers traders a wide range of trading assets from Forex to CFDs on stocks, indices, commodities, and the like. Over the past decade, this broker has gotten licenses from leading regulatory agencies worldwide, including the FCA of the UK, CySEC of Cyprus, ASIC of Australia, and so on.
Lime Fx does not affirm that the information on its website is suitable to all jurisdictions. Login with your email if you just registered, or you already have an Lime Fx profile.If you don’t have an Lime Fx profile yet, enter your MetaTrader credentials to proceed with creating one. The Lime Fx profile consolidates all your trading accounts under the same email, allowing you to login with your email address. When you trade indices, you can get exposure to a whole economy or sector with just one position instead of opening several trades with different companies. The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc.
Some users rate the service quality highly, noting quick withdrawals and low spreads. However, others report issues logging into the system, lack of support, and generic responses to inquiries. Some traders also point to problems with bonuses and account closures without explanations. Lime Fx operates primarily as a market maker broker, maintaining its own dealing desk to execute client orders internally. This model allows Lime Fx to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades. However, Lime Fx is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders.
How to Open an Account and Trade on the Lime Fx Desktop Platform
Many brokers will have between 20 and 30 different commodities to trade. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there is also push notifications for trading alerts.
However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals. Dealing desk brokers can manage the risk of their clients’ trades in two ways. They can keep it in-house (and therefore effectively take the other side of the trade to the client), or they can push the risk out to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as Lime Fx would take on.
