The platform allows users to trade forex, cryptocurrencies, indices, and limefx courses scam commodities on some of the most popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Lime FxFX is particularly known for its low fees, competitive spreads, and user-friendly platform. Established in 2011 and located in London, Lime FxFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account.
Are the Lime FxFX bonuses withdrawable?
This means not every available option may be featured on this page. Kar Yong achieved financial independence through trading and investing, recognized as a top FX analyst and trainer in Asia. Specifically, Trump has explicitly threatened to impose trade tariffs on Eurozone1 and Canada2, which clearly had a bearish impact on their currencies. For example, the Euro, which has a dominant 58% weight in the DXY, has lost more than 8% against the U.S. dollar since 25 September 2024. The biggest losers, however, have been risk-sensitive currencies such as the Australian dollar (AUD) and the New Zealand dollar (NZD) (see the chart below) both of which devalued by more than 10%. Depending on your location, you may be eligible for an Lime FxFX deposit bonus of 50%.
What Leverage Does Lime Fx Offer?
He has also published a book in 2023 on on investing and trading. 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. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa.
Lime FxFX Spreads and Commissions
One of Lime Fx’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. It has several entities around the world and provides services by industry standards. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others.
- Typically, the spread on a EUR/USD trade might be 1.1 pips, but if the same trade is made through the MT5 Pro account, this might drop to 0.9 pips.
- That said, keep an eye out for higher commission with these accounts.
- Lime Fx does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders.
- With Lime Fx, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
- Withdrawals can be initiated from the website dashboard or through the mobile app.
- The minimum deposit is €100, and Eightcap EU features three payment processors, including Skrill.
- It may be the former of those two options as what is in place already is fairly impressive; as demonstrated by the base language of the platform being able to be set in one of twenty-three different languages.
Lime FxFX has built a solid reputation in the forex/CFD trading space. Whilst the range of instruments available to trade is somewhat limited in comparison to other brokers, there are quite a few innovative features that help them stand out from the crowd in other ways. Robo and copy trading, in particular, are both areas where they appear to be aiming to gain an advantage over the rest of the market. Some topics include, risk management, trading strategies, and technical and fundamental analysis. New traders might enjoy the firm’s Introduction to the Forex Market as their first read. While MT4 is the most popular out of the two limefx company reviews platforms, the cTrader platform does offer more advanced features that are particularly suited to retail and institutional traders.
Desktop Trading Platform
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
About Forexbrokerslab
Before risking your money, why not try Lime FxFX’s platform risk-free in a similar, virtual trading environment by signing up for a demo account. This will give you unlimited access to every trading account free of charge. You can top up your funds with a simple request while you practice and improve your trading strategies. Secondly, we have the Pro Account which uses the more advanced MT5 platform.
- Additionally, Lime Fx offers impressive customer support to assuage any potential challenges traders might face.
- Customers will be able to do Candlestick, Line Chart, Bar Chart, and Tick Chart using Excel on mobile.
- We would advise you to stick to the web-based version for more advanced options and a better experience.
- Furthermore, Lime FxFx has an easy-to-use app which is also available on Android and IOS devices.
- CTrader platforms are more suited to the ECN platform, which basically lowers spreads to almost 0, not including the commission rate per trade.
- Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved.
Those are handy e-wallet options many traders like myself rely on. It’s quick and easy – deposits are free and the money shows up in my account instantly. Luckily, Lime FxFX offers a decent set of deposit and withdrawal options. Choose MT5 if you want the most advanced trading tools and access to more markets. Finding a trustworthy forex broker can feel like navigating a minefield. With so many options and reviews that seem too good to be true, how do you know who to trust with your hard-earned money?
The best part is that most of the content is free of charged and can be viewed on the firm’s website. So, if you’re a beginner, why not give yourself a leg up before going head first into the world of trading? If you need some support outside of the hours or would prefer to get a quick answer yourself then there is an FAQ’s page with a range of relevant questions and answers.