That is, FCA requires some strict rules that agents must adhere to in order to obtain the license. For instance, the brokers must hold at least £730,000 in tangible assets to prove their financial stability. In addition, they have to keep client funds must be held in segregated accounts separate from the company’s operational funds. Most Lime Fx users commend the promptness and courtesy of the support staff.
What happens to my account balance when closing an Lime Fx account?
- Users from all over the world have traded in the financial markets using our platforms and mobile apps.
- Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.
- It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form.
- Both trading platforms allow CFDs and cryptocurrencies trading along with following the easy accessibility user friendliness methods to allow all trades everywhere at any time access.
Lime Fx is a technology-based brokerage company and Forex broker that offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities. Lime Fx offers a variety of deposit and withdrawal options without any fees, making it convenient for traders to manage their funds. Clients can choose from multiple methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller. Withdrawals are generally processed within 1-3 business days, depending on the selected method. This range of options and fast processing times provide flexibility and efficiency for users, enhancing the overall trading experience with Lime Fx while keeping transaction costs low.
Lime Fx Regulations
In this Lime Fx Review, I’ll go through my findings helping you decide if Lime Fx is a broker you should consider. Before trading with a live account, it’s best to open a risk-free Forex demo account. Lime Fx’s Demo Account offers the same experience as real accounts but with simulated funds. When it comes to withdrawing your funds from Lime Fx, all accounts can use Bank Wire Transfer. Lime Fx covers withdrawal fees, and you can expect to receive your money relatively quickly. While Lime Fx usually confirms withdrawals within 1-2 business days, remember to allow extra time for your bank to process the transaction.
- There is no commission charged on both deposits and withdrawals, MT4 and MT5 commission is included in spreads as mark-up, and no additional fee is applied.
- As for the international entity it also includes Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done.
- In addition, clients can utilize research from third-party provider AutoChartist.
- Lime Fx is a good ECN DMA broker choice and great for scalping, hedging, and autotrading.
- Keep in mind that leverage is best used by experienced traders, as there are risks involved.
Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Lime Fx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Lime Fx offers attractive pricing, with clear and understandable fees. No, Lime Fx does not accept clients from the United States due to regulatory restrictions. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
For example, the Micro Account is good for beginners, with zero commissions and super low minimum deposits. Advanced traders will lean more heavily toward the ECN account with tight spreads and direct market access. A standout feature of FBS is its user-friendly platform that appeals to beginning investors.
In the event of significant market volatility, which may cause sharp price movements, clients may face negative balances. However, Lime Fx’s risk management system ensures that no additional debt is incurred, safeguarding traders from losses exceeding their original deposit. There are online brokers that don’t require a minimum deposit at all. Lime Fx’s lineup of platforms features the gold standard MetaTrader.
What Quora Users Say About Lime Fx
Material includes live trading sessions, workshops, and trading strategy-themed presentations. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. Overall, the limefx account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The deposit options with Lime Fx are decent, giving you multiple ways to fund your account with no deposit fees.
Lime Fx offers a variety of educational tools, including webinars, tutorials, and articles, aimed at helping traders develop their market skills. Lime Fx provides access to forex pairs, commodities, indices, and cryptocurrencies, allowing for a diverse range of trading opportunities. Lime Fx offers MetaTrader 4, MetaTrader 5, and cTrader, as well as mobile apps for traders who prefer to manage their trades on the go. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
Commissions and Spreads
In this blog you’ll find practical guidance, unbiased reviews and much more. 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 Lime Fx ecosystem includes the specialized CopyTrade app and mobile versions of MT4 and MT5. This app goes beyond traditional social trading by utilizing an AI-based recommendation system that matches traders with Masters based on their trading style and risk profile. The firm also offers one of the most responsive and knowledgeable customer support teams and an informative and clear educational section.
Affiliates can earn up to 50% of Lime Fx’s revenue share under the terms of the agreement. The cashback rebate program returns a percentage of the trading spread, subject to conditions such as trading volume. An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section. See how Lime Fx compares to the leading Forex brokers by reading one of the reviews below. They take suggestions into account and seem to have acted on the suggestion numerous times. This is one way the team works tirelessly to build its customer relationships.
The added 50% deposit bonus further enhances the platform’s appeal, offering traders extra value when funding their accounts. Lime Fx is a prominent global online trading platform that has been in operation since 2011. With over 42 million accounts across 180 countries, Lime Fx provides commission-free access to a wide variety of financial markets.
MetaTrader 5
Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. However, the offshore https://limefx.vip/ entity of the broker is regulated by just a 3rd tier regulatory body.
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Lime Fx (formerly Lime Fx) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Overall, Lime Fx has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees.
What Can You Trade on Lime Fx’s Platform?
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. Yes, it offers a proprietary trading platform known as Lime FxTrader. 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.
To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. For example, Lime Fx clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. Dear Tengku Beby Tengku Rahim,Thank you for your wonderful feedback! We’re thrilled to hear that you’re enjoying trading with Lime Fx and making the most of our bonuses.It’s great to know that our promotions are adding value to your trading journey.