It provides reliable trading services to millions of clients worldwide. It has many users in countries like Indonesia, India, Malaysia, and Pakistan. I found all platforms Lime Fx offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website.
The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics. In fact, the platform and broker have won many awards for this service. Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice.
Competitive and Transparent
They provide a good balance between ease of use, functionality, and robust tools. Forex traders of all levels will feel comfortable using the Lime Fx platform, with some requiring a small learning curve. We give Lime Fx a three out of five in the category of trading instruments, but this isn’t necessarily a bad thing.
While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. The trading interface of the mobile app is quite basic, yet it is functional. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. Lime Fx provides fully functional mobile trading apps for MT4, MT5, and Lime FxTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go.
Do I need to close all my trades before closing my account?
- Considering the platform’s focus on emerging markets, social trading offers a safer way to explore these markets.
- Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4.
- The account opening process of the broker is straightforward and can be continued if accidentally stopped.
- The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
- It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 40+ million trading accounts.
Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. This Lime Fx review aims to give a clear view of the broker and its services.
Islamic Account:
Lime Fx is an excellent choice for scalping, hedging, and automated trading. Furthermore, it provides competitive trading with spreads beginning at 0.6 pips. Lime Fx offers the most used and well-known trading platforms from Metaquoets yet they seem to be not enough in comparison with other brokers who provide the same platforms and more. With all the updated and new technologies in the market, it seems like Lime Fx FX is falling behind with its updates.
When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). 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.
Lime Fx Detailed Summary
It offers commission-free access to financial markets and a variety of services already utilised by clients from 160 countries with more than 42 million trading accounts. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. I like that Lime Fx provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
For experienced traders, or beginners looking to develop further, Lime Fx also provides resources to learn 12 trading strategies including chart patterns like wedges and candlesticks like the hammer. Lime Fx offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals.
Lime Fx Commissions
- The Lime Fx App provides a full range of functionality for users on both Android and iOS.
- It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union.
- Additionally, the Lime Fx platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation.
- Lime Fx is a financial broker with more than 40 million accounts opened on it.
- A proprietary trading platform, Lime FxTrader, is also available for desktop, laptop, or mobile device as an app, allowing traders to manage their Lime Fx portfolios.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the https://limefx.biz/ breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies. The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30).
If you need an Lime Fx Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of Lime Fx in the area. Until recently, the broker had limefx official site also been regulated by the FCA, however Lime Fx decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. When it comes to regulations, Lime Fx is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. You must complete the KYC procedures and provide the documents in the Personal Area to verify your Lime Fx account.
Lime Fx does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs. There are online brokers that don’t require a minimum deposit at all. The MetaTrader platforms offer robust features and usability that appeal to a wide market.