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Lime Fx International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading. It is definitely a great advantage that Lime Fx offers both industry popular MetaTrader platform and its own proprietary App. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks.
On desktop, simply right-click on the list of symbols and select the Show All option. On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. The idea of making the trading space more comfortable was the start.
Risk Management
Once again, Lime FxFX stands out with its dedicated approach to customer support. You’ll find multiple avenues to seek help, ensuring that you get the assistance you need promptly and effectively. The company prioritizes your trading experience, making support a crucial aspect of their service. With 24/7 availability, you can rest assured that help is always just a message away, whether you’re navigating platform features or resolving account issues. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. 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.
This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa.
- But you will have to verify your identity before you can withdraw any funds from your real trading account.
- The cTrader account is not far off but is limited to 28 forex pairs and 2 metals markets but offers a differential by being a commission-based account.
- Lime Fx’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners.
- This makes it perfect for new traders and those beginners starting out.
- Once your account is verified, you’re ready to start exploring the Lime Fx platform.
- This includes an economic calendar, daily analysis posts, as well as trading signals and market insights.
Q: What are the fees associated with trading on Lime FxFX?
It also provides for detailed analysis with market reports and more to offer. During this period you will be featured on a leaderboard for your virtual limefx trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. MetaTrader is further renowned as one of the most comprehensive platforms in this area.
Master’s Fees
- Aside from the products and services already discussed in this review, Lime FxFx offers more.
- When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms.
- Please leave your comments at the end of this review to help us improve but more importantly help other traders make informed choices.
- Lime Fx broker offers three account types available at International porposal that also define trading conditions by the platform that is used for trading itself.
- Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos and articles which are meant to help beginners find their feat.
Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning Lime Fx as a low-spread broker. At Lime Fx there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and Lime Fx conditions better. Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started. Overall, the range is suitable for most traders either beginners or tradrs with experience, also we would mark that range of Products vary by the platoform you use also the entity of Lime FxFx. Recognized as a reliable broker as Lime Fx operates for many years, it is fit for most traders, especially International traders since Lime FxFX proposal internationally is much wider and better quality too.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor limefx accounts lose money when trading CFDs. Customer service is available 24 hours a day Monday through Friday.
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Forex Risk Disclaimer
Lime Fx offers over 7 million clients worldwide a wide range of financial instruments, including forex, cryptocurrencies, commodities, and stock indices. Most clients have reservations about the company’s legitimacy. In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, Lime FxFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. Deposits made to trading accounts must therefore be made from bank accounts in your name only.
Trading Platforms
The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. Use it to deposit and withdraw funds, browse market insights, and monitor all open positions without having to sit in front of the computer all day. It is free, user-friendly, and has everything you need to make your trading experience even more convenient and effective. It supports any account type and trading platform available with Lime Fx. The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart.
How much money do I need to start trading?
While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well. For this reason, world authorities and regulators restrict leverage to use to specify safer levels for retail traders. As for the leverage, a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the Lime Fx broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly. The incorporation of a mobile economic calendar and customizable alerts—which enable traders to remain updated about market events—was much valued by users.