Yes, Lime Fx pays real money to traders who earn from their trading activities. It also includes $31M in bonus funds Lime Fx paid over the past eleven years. Lime Fx offers 24/7 customer support, primarily via live chat, with fast response times. Email support is also available, and the FAQ section answers many of the most common questions. I only found a phone number missing from the overall support offer.
Lime Fx accepts several trusted deposit options, including Neteller, MasterCard, and, Skrill. Lime Fx offers a swap-free Islamic account that adheres to the principles of Sharia law. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. MetaTrader is also popular due to its copy trading and automated trading features. Lime Fx does not currently charge swap fees – the charge for holding leveraged positions overnight.
Enjoy ultra-fast order execution in less than 25 milliseconds on all platforms. Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has limefx scam enabled Lime Fx to continue to expand its products and services.
Deposit And Withdrawal
Lime FxFX only has a spread-only account, meaning no commissions are charged in addition to the spread. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Withdrawals are processed instantly for most payment methods, allowing you quick access to your funds. Our special feature protects your positions from sudden market ups and downs, helping you avoid or delay stop outs. Choose a payment method that works for you and get instant approval for your withdrawal requests.
I like that Lime Fx offers several cryptocurrencies, but I am missing more third-party payment processors and localized options, especially for its core markets. Lime Fx provides a diverse range of trading assets, including forex pairs, CFDs on indices, commodities, stocks, and cryptocurrencies. It offers competitive leverage and a variety of account types to cater to different trading needs.
I rank Lime Fx among the best-priced ones, and Lime Fx delivers on its statement to help Forex traders earn more. The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. Traders conduct all financial transactions from the secure back office, and Lime Fx does not charge deposit or withdrawal fees. Third-party costs may apply, and I recommend traders check with their preferred provider.
Why Choose Lime FxFX for Forex Trading?
We think it is odd that Lime FxFX does not have an email or phone contact and we thought their live chat could be more knowledgeable. This wasn’t good, and we’d like to see Lime FxFX improve greatly in this department. Copy trading is a cool concept, but we urge you to be very cautious about who you copy and do your due diligence into the skills and trading strategy of anyone you want to follow. Each platform runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best.
Lime FxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long limefx forex broker as you wish without needing to concern yourself with any rolling feels. Regarding account currency, if you join the Lime FxFX European subsidiary, you will use Euros.
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. 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. Lime Fx does not levy internal withdrawal fees, but traders should consider potential third-party payment processor charges. The minimum deposit at Lime Fx is $25, higher than many brokers but within a reasonable range. Lime Fx allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome.
- Our special feature protects your positions from sudden market ups and downs, helping you avoid or delay stop outs.
- It offers a range of tools for technical analysis, charting, and automated trading via Expert Advisors (EAs).
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
- You will see the calculated profit or loss based on the provided order details.
- Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
Trade with a Regulated Broker
Lime Fx segregates client deposits from corporate funds and offers negative balance protection. Lime Fx also has been catering to clients from over 100 countries for over a decade. 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 Fx provides several account types, the Lime Fx MT4 Account, Lime Fx MT5 Account, Lime FxTrader, Lime Fx Islamic, Swap-Free, and Risk-Free Lime Fx Demo accounts respectively.
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. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader.
What is Stop Loss?
Moreover, Lime Fx is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader. In my view, Lime Fx’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. Lime FxFX provides demo accounts that are accessible with both MT4 and MT5.
Platform tutorials are equally available, guiding beginners through the initial steps. Additionally, I recommend that new traders seek in-depth education from third parties covering trading psychology and avoid paid-for education. The Market Information section at Lime Fx provides traders with twelve categories of well-presented content.
The Minimum deposit of 25 USD across all Lime Fx Account types, can be classed as low. It gives all traders the ability to select a truly suited account type. Lime Fx employs SSL (Secure Socket Layer) encryption to secure data transmission between clients and the trading platform. Lime Fx offers various educational resources, including trading guides, webinars, and market analysis.
Lime FxTrader Platform
Lime Fx is a reliable broker offering Contracts for Difference (CFDs) and competitive spreads on a diverse range of 300 trading instruments. It is regulated by CySEC, MISA, and FSCA, and has earned a trust score of 92 out of 100. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.
