Islamic Accounts pay admin fees in place of swaps after the grace period. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. In my opinion, MT5 is a good option for fast and simple order execution.
What is the maximum leverage on Lime Fx?
0.8 pip is a bargain if compared to others.Support is lighting fast, I managed even to reach them on a phone. The Primary video series is free to view by everyone interested in online trading, while access to the Intermediate video tutorials is only available for clients with a real Lime Fx account. The reason for such high numbers is that Lime Fx strives to provide one of the best user experiences in the industry to its clients.
The minimum deposit for this Lime Fx account type is $5, and grants access to MT4, MT5, and Lime Fx Webtrader platforms. As Lime Fx stores traders’ funds in segregated bank accounts, this ensures that the broker cannot block your withdrawals, providing you with the freedom to withdraw your funds at your discretion. To facilitate smoother withdrawal processes, keep your Know Your Customer (KYC) information up to date. This helps in verifying your identity and expediting withdrawal requests.
Lime Fx does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals. Lime Fx provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. Yet while MetaTrader is a popular platform for forex traders, the lack of a proprietary desktop/web platform is a considerable drawback for beginner traders looking for a simplified trading experience. While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher. Lime Fx’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as IC Markets, Pepperstone, and Lime Fx.
Moreover, Lime Fx ensures the security of clients’ personal data by employing encryption for data transmission. The company also provides trustworthy trading platforms, including MetaTrader 4. It’s important to note, though, that using the platform doesn’t automatically ensure profitable outcomes. Lime Fx complies with global regulatory laws, and safeguards its clients’ funds by keeping them in separate bank accounts. The availability of accounts like the Lime Fx Zero Account, with raw spreads starting from 0 pips is particularly advantageous for this trading technique. However, it’s important to note that there’s a volume-based commission of $7/lot round turn on this account, which is in line with the industry average.
Overall, strict financial regulation is essential for ensuring that trading platforms like Lime Fx operate fairly, transparently, and responsibly, which ultimately benefits all Lime Fx stakeholders involved. limefx forex brokers reviews Lime Fx offers Forex trading, Stocks CFDs trading, Commodities CFDs trading, Equity Indices CFDs trading, Precious Metals CFDs trading, and Energies CFDs trading. It is important to note that Lime Fx may request additional documents or information to verify your identity or comply with regulations.
Over 5 million happy traders worldwide have chosen Lime Fx because of its reliability and trustworthiness. Lime Fx offers a fast deposit and instant withdrawal process, with a range limefx reviews of flexible, fee-free options. Funds are transferred quickly, securely, and with no unexpected charges. Lime Fx also offers different types of these platforms – the clients could access them from Desktop (Windows and Mac), Mobile (Android and iPhone), and Web Trader. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader.
Account Types and Trading Conditions
Lime Fx was established in 2009 and is known to be a trustworthy broker, serving over 10,000,000 clients globally and employing 900 professionals. Not directly, but you can integrate third-party copy trading tools with MT4/MT5. If you’re a scalper or high-frequency trader needing ECN conditions, you might want to look at alternatives. Deposits are quick, and withdrawals are typically processed within 24 hours. Before diving into the specifics, let’s take a closer look at who Lime Fx is and why they’ve become a go-to broker for many traders.
- Lime Fx incorporates MetaTrader 4 and MetaTrader 5 for retail trading, which are available for web, desktop, and mobile app trading.
- Yes, Lime Fx allows hedging, making it suitable for traders who use this strategy to manage risk.
- At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.
The only difference is that the number of indicators is reduced for both the MT4 and MT5 mobile applications. A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd. If you’re new to forex trading, I highly recommend opening a demo account with Lime Fx first. This will allow you to familiarize yourself with the platform and test your strategies without risking real capital.
Its extensive educational and research materials offer traders with different experience levels a comprehensive overview of current market developments. It comprises an economic calendar, a news screener, daily market breakdowns and trading ideas, a podcast, and regular webinars. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.
The radar chart to the left illustrates the weight of each category in our final scoring system. Available 24/5, we found Lime Fx’s customer support agents are responsive and well-trained. Unfortunately, Lime Fx doesn’t offer the popular third-party tools such as Autochartist or Trading Central, that are commonly available at other brokers. Lime Fx offers a variety of assets, including including over 57 Forex pairs and over 1200 stock CFDs. European traders will trade with Trading Point Of Financial Instruments Ltd which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Notably, the Lime Fx Islamic account stands out in the industry for not applying higher spread mark-ups as a substitute for these fees. This account distinguishes itself by not imposing the usual swap fees, which are prohibited under Sharia Law. The minimum deposit to start using the Lime Fx Shares account is $10,000. The Lime Fx Shares account is tailored to those traders who want to invest in the stock market.
- In contrast, Lime Fx’s Zero account features zero or very low spreads plus a commission on every trade.
- Lime Fx levies many non-trading fees, of which traders should be advised.
- Also, this allows you to check what is the support, deposit withdrawal process, etc.
- In certain regions Lime Fx Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly.
- Lime Fx economic calendar covers news on different countries including but not limited to the US, India, Belgium, Korea, New Zealand, etc.
They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. They also have Lime Fx web trader which allows you to trade through your web browser without the need to download any software. Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters. Lime Fx unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. Lime Fx Global also provides direct share trading in addition to the previously mentioned assets.