These include critical details, such as regulation and security, trading platforms, trading instruments, fees, and more. Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets.
- With Lime Fx another of the measures in place to keep you safe as a trader is negative balance protection.
- During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that Lime Fx offers its clients.
- This initial deposit will also be eligible for an Lime Fx bonus of 50%.
- Overall, Lime Fx has low spreads when compared with similar brokers.
- Lime Fx’s ECN account is tailored for high-volume traders who require the tightest spreads and fast execution.
- On Lime Fx, customers can withdraw funds from their trading accounts using the same ways they deposited.
Is Lime Fx regulated and legit?
Lime Fx is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. Some don’t have minimum requirements or set an extremely low limit, like $1. Lime Fx falls somewhere in the middle of the spectrum, leaning more toward the low end. Lime Fx operates with the goal of making trading in financial markets something that is accessible to everyone. Lime Fx was founded in 2011 and has since become a global forex broker. We’ve noticed that Lime Fx has rebranded itself from Lime Fx, but the differences outside of the name are minimal.
- The education section on the Lime Fx website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.
- You can access the broker’s copy trading service by downloading the copytrading app.
- All of the materials are of high quality and cater to beginners, intermediate and advanced traders.
- We didn’t give Lime Fx a high score for customer service for one simple reason.
Are there any deposit or withdrawal fees?
These include tutorials, webinars, market analysis, and articles on trading strategies and risk management. The educational material is designed for traders at all limefx broker reviews levels, making it easy to develop a comprehensive understanding of the markets. Although Lime Fx provides a solid foundation of educational resources, the broker could benefit from expanding its offerings to include more interactive elements such as quizzes or advanced courses. The Micro account at Lime Fx is tailored for beginner traders, offering commission-free trading with slightly wider spreads.
Indices
These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based Lime FxTrader platform is a beginner-friendly and convenient alternative. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Another point to consider is Lime Fx’s advantage in market research, as it provides slightly higher quality content in its Market Insights section. We would advise you to stick to the web-based version for more advanced options and a better experience. The app is available on Android and iOS for MetaTrader and cTrader platforms through iTunes and Google Play where it has very high reviews. Traders looking at the pro account will have access to the slightly more advanced MT5 platform. The layout for this is different to the MT4 platform so there will be a slight learning curve. Once your margin exceeds this amount, your request will be processed in only 1 – 3 hours.
Reliable Platform with Excellent Support
Here, in our Lime Fx Review, we’re going to break down what they offer, piece by piece. All of the platforms on offer are https://limefx.group/ well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the Lime FxTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
The minimum deposit on this type of account starts from only $25. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks.
This has greatly contributed towards the team’s 96% customer satisfaction rate. Any heavy technical analysts out there can create customizable charting indicators through the developer network. Of course, you may not need to do this at all consider the fact there’s over 70 different indicators already on the platform. For credit card funding, the initial deposit amount will be refunded.
However, some traders have expressed a desire for more in-depth assistance, indicating room for improvement. However, while customer service is generally praised, there have been rare reports of traders desiring more thorough instructions. When testing Lime Fx’s customer support, we found that Lime Fx excels, an aspect of the Forex and CFD trading industry that cannot be overlooked. Furthermore, Emirati traders have complete control over the withdrawal of their accrued rebates based on the withdrawal options available. Yes, Lime Fx occasionally hosts webinars and offers online courses to help traders improve their trading skills.
Starting at 0.6 pip on main currency pairs like EUR/USD for all three account avialable at International trading, the broker offers reasonable spreads. For traders—especially scalpers—this low spread structure is helpful since it lowers the total trading expenses and increases profit possibilities. 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. Conditions are also based on enityt, as EU account offering is different. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt.
However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. For instance, I found that the content on the Lime Fx Blog is not updated daily across all categories. Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Lime Fx handles customer queries through multiple channels including a live chat function, email, and phone support.
Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. Finally, Lime Fx offers free educational resources such as articles and video tutorials. For more experienced traders, Lime Fx provides advanced analytical tools, including charting capabilities and various technical indicators. Yes, Lime Fx offers copy trading services through its dedicated Copy Trading platform, allowing traders to mirror the strategies of more experienced traders.