Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. 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.
Is Lime Fx suitable for spread betting?
However please be aware that some fees may be applied in certain cases. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility.
- 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.
- However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly.
- A few minutes after submitting the withdrawal, we received a confirmation email.
- Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading.
Mobile Trading
During certain events, Lime Fx offers a bonus where you can claim up to a 100% deposit bonus. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. We are constantly improving our product to make your trading experience better. This could include opening an account with Lime Fx Markets Cyprus Ltd, or Uni Fin Invest which is Lime Fx’s Mauritius entity.
Founded in 2011 in Cyprus, Lime Fx is a well-regulated broker with oversight in place from CySEC and SVG. They provide ECN execution which is popular among scalpers for its high speed. The broker also offers copy trading services an accessible minimum deposit.
MetaTrader 5 Mobile App
- Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay.
- The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit.
- I presonally chose the second option that works with mt5, as the platform is more suitable for me.
- From our assessment, Lime Fx emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration.
On the positive side, it allows Lime Fx greater flexibility in leverage and instruments while still serving clients from around the globe. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation.
Lime FxTrader
Moreover, you can also participate in demo contests arranged by the broker and earn actual cash rewards. The Lime Fx app is also available for traders to download and practice convenient trading from anywhere in the world. The Lime Fx trading app is supported on iOS and Android; simply go to the website and navigate the trading platform space. 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.
Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. Copy and automated trading are only available on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features.
To enable multiple withdrawal methods, a new deposit using a different method is required. 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. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, limefx review and daily market insights from our experts.
Customer Support
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. Lime Fx platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders.
Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay. Crypto markets are only supported on accounts that use the MetaTrader platforms. Lime Fx offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed https://limefx.vip/ to be high. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform.
Lime Fx Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. Lime Fx is licensed and regulated by FSA SVG license number #19776 IBC 2011. All information on 55brokers.com is only published for general information purposes.
Which Account Types Are Available with Lime Fx?
The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. The Lime FxTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy. Yet, if you still prefer to use high leverage, the international entity of Lime Fx Leverage still allows so. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international Lime Fx entity.
Lime Fx, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines. This diverse portfolio makes it a popular choice among retail and professional traders alike. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. I like that Lime Fx provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.