I was surprised most by the Lime FxTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. Lime Fx has been offering retail trading services since 2011, servicing over 40 million trading accounts in 180+ countries which is an impressive achievement considering how competitive the forex industry is.
In order to better understand where Lime FxFX is positioned in terms of fees, let’s compare the broker against top brokerage service providers. You can find the deposit option at the top of the toolbar, then select the payment method you want to use. The Islamic account, the swap-free account is not offered separately, you can change any type of account into a swap-free account.
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. It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia. Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
- Alternatively, you can sign up using one of your social media accounts like Facebook, Google, or Apple ID.
- Lime FxFX trading does not give or receive access to US customers in any way.
- Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading.
- There is also the option to transfer funds to a wallet outside of these accounts but within Lime Fx.
- Filippo Ucchino is an Introducing Broker (IB) for several companies in the Forex, CFD, stock and crypto industries.
Tier 1 is the official measure of a bank’s financial health and strength.Trading with Lime FxFX is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Lime FxFX unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. In the trading world, brokers like Lime FxFX, have different minimum deposit requirements based on the target audience they are trying to limefx forex broker attract.
Lime FxFX Inactivity Fees
And unlike holding coins in a wallet, my crypto CFD trades aren’t at risk from hacking, lost keys or forgotten passwords. It’s quick and easy – deposits are free and the money shows up in my account instantly. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. 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. Yes, Lime FxFX has a mobile application, so traders and investors can quickly get the advantage of working on the trades and positions from the comfort of their phones only.
Is Lime FxFX trading safe?
The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm.
Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
- Lime Fx offers attractive pricing, with clear and understandable fees.
- These were some of my first questions when I started researching Lime FxFX too.
- In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading.
- It comes with flexible account options, multi-instrument support, a low-cost structure, and regional accessibility.
- This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. Online investing with Lime FxFX can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial.If considering trading financial assets with Lime FxFX, evaluating the Lime FxFX platform is important. Evaluation includes researching the Lime FxFX management team, track record, and services.
If you lack trading experience or knowledge, then captial.com is the best option. On the downside, fees and commissions tend to be slightly higher than on other platforms. You can use the MetaTrader Supreme Edition platform to improve your business because the most advanced tools are applied here. You can try using live and free demo accounts to enjoy this platform.
However, not all platforms have the limefx broker reviews same instruments available for trading. The Lime Fx platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker.
