Lime Fx Review Pros, Cons, Key Features and FAQs

CFDs on currency pairs, equities, indices, commodities, etc., on the go. Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below. To show their commitment to mobile trading, Lime Fx offers users a bonus on all first-time deposits made through the trading app.

Lime Fx is one of the best platforms where traders and investors will have many advantages. First, it charges no commission, and the spreads are also tight to ensure everyone knows the details. Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers. You can compare it to the initial or general trading of the stock market. But here, the average of the spreads is calculated as 0.4 pip in Forex. If you want to get it out of the stock index, it will be less than 1 point.

Most Lime Fx users commend the promptness and courtesy of the support staff. Multiple channels for client interaction, such as live chat, email, and telephone consultations, ensure that traders’ questions are effectively addressed. Furthermore, the well-received mobile application provides traders with a convenient way to monitor their investments away from a trading terminal. We also found that Lime Fx is highly regarded for its user-friendliness and sophisticated trading tools, making it appealing to both novice and experienced market participants. The time it takes to process Lime Fx deposits varies depending on the payment method chosen.

Quick withdraw but spread goes wider…

Had bad service, struggled to get your money back or some other action which you believe isnon compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker. Please leave your comments at the end of this review to help us improve but more importantly help other traders make informed choices. It has operated under various licenses, including one from SVG, ran a branch in the UK, but stopped it in 2017 and chose Cyprus as its next base.

How to Open an Account and Trade on Lime Fx Desktop Trading Platform?

A 5% loyalty bonus and a point-based system that adds 1% to the earned rebate round out the program’s dual-benefit structure. Rebates are credited directly into traders’ accounts weekly, providing maximum convenience. Lime Fx provides an exclusive cashback rebate scheme for UAE traders, allowing them to recoup some of their trading costs. MT4, MT5, and Lime FxTrader users can earn rebates ranging from $4.80 to $8 per lot, regardless of trading results. To use the VPS service, you must have an active account and a minimum deposit of $500. Most Lime Fx customers have reported prompt and helpful responses from the company’s customer support team.

• Traders looking at the pro account will have access to the slightly more advanced MT5 platform.
• This provides a great digital library of webinars that users can take advantage of.
• He also traded at a couple of different prop trading firms in Chicago.
• Yes, Lime Fx provides demo accounts through the MetaTrader 4, MetaTrader 5, and Lime FxTrader platforms.

Does Lime Fx offer a demo account for practice trading?

These labels denote some milestone that the Master Traders have limefx scam reached, although their performance and results can vary. Lime Fx does have a proprietary mobile app for trading, as well as for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

Spreads are widest on the MT4 Micro account and there are also fewer instruments to trade https://limefx.club/ through this account. Typically, the spread on a EUR/USD trade might be 1.1 pips, but if the same trade is made through the MT5 Pro account, this might drop to 0.9 pips. All the services on the TopForx.com website are free for you to use.

• The platform is intended to provide a simple and intuitive trading experience, with only the essentials required for basic trading operations and no frills or advanced features.
• When it comes to education, Lime Fx realizes the importance of your continued development and progress in the sector.
• To change the language of the MT5 app, you must change the language for your entire phone.
• This allows less experienced traders to learn from and imitate the trading strategies of successful traders.

However, it’s important to note that Lime Fx does not currently offer trading in stocks, ETFs, futures, bonds, or options. Lime Fx offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. The Lime Fx Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks.

This broker does not charge its traders with any commission outside of trading for depositing and withdrawing funds. Also, there are no swaps on the MT5 and Lime Fxtrader platforms from the broker. Furthermore, the spreads starts from 0.6 pips on different accounts; However, it depends on the instrument or the trading pair. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks.

These were some of my first questions when I started researching Lime Fx too. No, Lime Fx does not offer the option to trade the Volatility 75 Index. Log in to your Lime Fx account, go to the “Withdrawal” section, select your preferred payment method, enter the withdrawal amount, and follow the instructions. Visit Lime Fx’s website and click the “Open Account” button to start. Fill in the necessary information, select your account type, and finish the registration process.

Islamic Account:

In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. This section will cover how the different entities of Lime Fx are regulated and how this impacts you as a trader.

Lime Fx (Lime Fx) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. Lime Fx is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. Lime Fx follows strict rules set by CySec, ensuring user funds are safe with high-grade encryption.

Between 74-89% of retail investor accounts lose money when trading CFDs. There are a maximum of 28 currency pairs, 3 cryptocurrencies, 10 indices, 4 metals, and 2 energy markets. Mobile trading is one of Lime Fx’s strong suits; all the apps are available for Android and Apple devices and through each provider’s app store. The MetaTrader app offers a smooth transition from desktop to mobile trading and is a widely used tool that will already be very familiar to a lot of traders. Founded in 2011 and taking advantage of being something of a second-generation broker, Lime Fx provides a user-friendly and distinctive approach to trading the financial markets.

Before signing up to any broker, check out who it is regulated by and make sure you fully understand how these regulations serve to protect your money. Some brokers are more regulated than others, and this will largely depend on where the company is based. These services empower Lime Fx users to refine their skills, maximize profits, and benefit from a collaborative trading environment.

Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, Lime Fx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. Going by customers’ review, Lime Fx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. Aside from the products and services already discussed in this review, Lime Fx offers more.

Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. Lime Fx handles customer queries through multiple channels including a live chat function, email, and phone support. Lime Fx does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. Moreover, Lime Fx offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.