Lime Fx Review 2024: Read Before You Trade
As long as a limefx broker reviews broker has MT4 and MT5 it should be more than enough for most retail traders. With more than a decade of experience and 6.6 million trading accounts from over 100 countries, traders should be able to have trust in Lime Fx. Copiers must fund their copy trading account before following Master Traders. They may opt for a direct deposit or transfer from their trading account.
It includes technical trading signals, Forex news, and market insights. The Lime Fx blog complements the research category, and traders have a wealth of quality, market-oriented information. Together with services provided by Autochartist, Lime Fx maintains a highly competitive research section.
- NDD (No Dealing Desk) brokers such as Lime Fx act as intermediaries between the trader and the real market and receive a defined and transparent commission for it.
- Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders.
- One thing that stood out to me about this broker during my review was the ease of use.
- In our tests for the Trust category, we also cover factors relating to stability and financial strength.
Our in-house spread scanning software gave us an idea of how Lime FxFX spreads compare to other brokers. To do this, we take the Forex Fees and the average spreads brokers publish on their website and compare them with the spreads Lime FxFX public on their website. You can trade a wide range of assets including currencies, commodities, and stocks from leading global companies. You can use the calculator to choose the Stop Loss and Take Profit levels for your order. Input the details of your order, determine the open price and start calculating various outcomes by changing the close price level. Choose the levels resulting in profits and losses you are comfortable with.
The Lime Fx MT5 account is the best for equity traders, and the Lime Fx MT4 account is for Forex traders due to asset availability and trading tools. I find the swap-free trading structure the best unique feature at Lime Fx. Another fact of note is trading incentives, with more than $6,000,000 in payouts to date. Lime FxTrader provides a seamless trading experience—no need to lose focus switching between apps. MetaTrader 5 platform (MT5) is a step up from MT4, delivering more advanced capabilities and tools. It is ideal for traders seeking a multi-asset platform that allows them to trade Forex, equities, and commodities.
Deposit Options And Fees
In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.
It’s important to note that minimum deposits and trading costs will also depend on which Lime Fx entity you choose for establishing your trading account. Traders may open MT4/MT5 demo accounts at Lime Fx, and there is no time limit on active accounts. The MT4 demo account will expire after eight days with no trading activity and the MT5 demo account after 30 days. The flexibility of MT4/MT5 allows traders to select their deposits and leverage, creating more realistic demo results.
Deposit And Withdrawal
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The cost savings from the overall pricing environment alone make Lime Fx a broker to consider. Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services, explaining why Lime Fx has attracted deposits from more than 42 million traders.
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Customer service is highly responsive, with one drawback being that there is no phone support. Lime Fx also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. This section will cover how the different entities of Lime Fx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account.
Beginner traders get the most educational value from webinars, which limefx forex broker Lime Fx also publishes on its YouTube channel. I also recommend the 21 well-thought-through articles and its 11-video beginner’s course, which introduces new traders to financial markets. The Lime Fx combination of written content, charts, and videos creates a valuable product.
How do I deposit USD into Lime Fx?
Lime Fx accepts all the most popular payment methods including VISA, Bitcoin, Neteller, and MasterCard. Furthermore, deposit and withdrawal fees applied by third parties will also be covered by Lime Fx. For example, forex pairs might have tighter spreads compared to CFDs or cryptocurrencies.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Lime Fx offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin. MT4 remains the market leader for algorithmic trading and is the most versatile trading platform with 25,000 custom indicators, plugins, and EAs.
The minimum deposit in forex trading refers to the smallest amount of money required to open a trading account with a forex broker. Lime Fx provides a solid range of educational materials, including articles, videos, webinars, and a video course. Content is updated frequently and is accessible to all levels of traders. A broad range of topics from technical analysis to trading strategies and platform tutorials are covered. With a perfect score in this category, Lime Fx has gone above and beyond to educate its clients. Lime Fx excelled in the category of fees, with tight spreads in CFDs on forex and shares.
It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading. 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.