The difference between Lime Fx’s two account types lies in the instrument variation in Indices and Stocks. The MT5 account provides 10 Indices and 150 Stocks, while the MT4 one only supports 4 Indices without any Stock. Also, The maximum volume offered by MT5 is 500 lots, while the maximum volume in MT4 is 200 lots. Secure and fast transaction options include local bank transfers, credit cards, and e-wallets. Once your order is placed, the app will allow you to track its progress, including the real-time status of your profit or loss, ensuring you stay informed of your position at all times. Make fast and informed investing decisions with a multi-tool trading platform.
- Distressed with the services, I searched for another Forex broker and found TradeEU.
- Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
- The app supports regional language preferences and offers localized support in several countries.
- Established in 2011 and located in London, Lime Fx is a forex broker that renders its services to users worldwide.
- The account is available on both MT4 and MT5 trading platforms, and comes with market execution.
- Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
Even though the regulators they’re working with might not be the strongest, the fact that they’ve been operating successfully for so long shows that they take their customers’ security seriously. It is recommended to view the Lime Fx Risk Agreement Statement, Client, Terms, and Conditions before starting trading. Speed up your market entry with one-click buy/sell buttons—perfect for capturing fast-moving opportunities. The app allows you to easily select the amount in lots that fits your trading strategy.
CFDs on currency pairs, equities, indices, commodities, etc., on the go. Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below. The company currently has a proprietary trading platform known as Lime FxTrader. Furthermore, Lime Fx has an easy-to-use app which is also available on Android and IOS devices.
Market Analysis and Education
- The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank.
- However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body.
- Using the built-in tools in the app, traders can manage varying trading tasks with ease.
- The app asks you to submit an initial deposit amount of 100USD to 500USD; only then can you start trading.
- We will review some of the trading tools offered on the mobile trading app below.
Trade uninterrupted whether you switch between a desktop terminal and a mobile app. Manage orders, draw graphs on one device, and watch the changes sync to another platform with a simple refresh. The idea of making the trading space more comfortable was the start.
You can trust that you’re getting the most up-to-date information for your trades. And they give you this free Autochartist report if you’re https://limefx.club/ on a silver account like mine. Lime Fx offers you a bonus scheme for every deposit of up to 50%. The company also provides “Trade & Win” for traders, where calculating 1 prize lot is equal to 1 lot traded.
Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Lime Fx app offers an easy-to-use mobile platform so clients can use their smartphones for trading and investing. At the time of writing, it has a 4.5/5 rating out of over 178k users on the Google Playstore and is installed more than 10 million times by traders worldwide. Key features include live forex rates, advanced charting tools, a profit/loss calculator, and customizable alerts for market movements.
Demo and Live Accounts
The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant. Below is a tabular review of the various deposit methods and the processing time.
In-App Funding and Withdrawals
For deposits, Lime Fx clients can use many methods including internet banking, credit cards, debit cards, Bitcoin, Skrill, Neteller, Dogecoin, Ethereum, Litecoin, Tether (ERC 20), and Tether (TRC 20). In my opinion, this is a good feature because Lime Fx gives its traders appreciation to increase their motivation for trading. In addition, Lime Fx provides a special “affiliate link” program for users who can invite friends. In these 2 accounts, MT5 has more advantages over MT4 and is the choice of smart traders because it has more investment instruments. However, the MT4 account is also suitable for aspiring traders or ordinary traders who like to trade simple. If you want easy access to a broker with a wide range of instruments, you can try the Lime Fx trading app for Android and iOS.
Lime Fx Customer Support
The Lime Fx Trading App enables you to trade popular assets on embedded trading platforms. The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks. The account is available on both MT4 and MT5 trading platforms, and comes with market execution.
This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow and copy these leading traders at will. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, Lime Fx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds.
If you choose Lime Fx broker for trading, this review will help you identify what works great for you. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. One thing I really appreciate about Lime Fx is that they don’t hit you with those overnight charges. It’s a relief not to worry about those eating into your profits. The app supports over 10 languages, making it accessible to a global audience.
It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. According to the Lime Fx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply.
Lime Fx provides an unconditional swap-free feature and the basic experience of the MetaTrader platform with low spreads starting from 0.6 pips. These tools are essential for traders looking to make data-driven decisions and refine their strategies. This is the most important step before you can start using the app for trading. The process is straightforward and will take only a few minutes. Once the app is downloaded, you’re ready to start registering your account and using the trading features.
Although Lime Fx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide. It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. Lime Fx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques.
Available on both Android and iOS, this app is a powerful tool for forex and CFD traders. Whether you’re managing your portfolio or analyzing the market, the Lime Fx app offers a comprehensive set of features designed for traders of all levels. This review will cover every aspect of the app—from installation to limefx forex brokers reviews advanced trading features—so you can make the most of the Lime Fx platform. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop.
He specializes in trading strategies, risk management, and broker analysis. His automated trading system optimizes performance across forex, stocks, and crypto. 24/7 access to trading platformsYour trading accounts are linked to our platform and available 24/7, so you can benefit from our broking services without interruption.