Lime Fx: the leading broker for online trading

However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. 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. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.

Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Lime FxFX has a truly impressive limefx company reviews array of features andoptions to offer to traders. Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems. Lime FxFX offers multiple channels for investmentincluding credit/debit cards, bank wires, Skrill, Neteller etc. Traders fromspecific countries can also opt for local bank transfers. The deposits must be in USD or EUR and must be atleast $5 or equivalent for micro account balances.

Lime FxFX MT4 Micro Account

Customer service at Lime Fx is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line.

Platforms

Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. In addition to the markets offered, as an Lime FxFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location.

The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. They are fees necessary for trading, which users must  pay before or during trading. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

• Space is a unique live feed designed by Lime Fx to get you fresh trading ideas right in the Lime FxTrader trading platform.
• This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading.
• Each currency trading platform has specific features that define your experience.
• Lime Fxfx’s low minimum deposit requirements allow everyone to easily trade.
• In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard.
• Lime FxFX traders are able to executive lightning tradesat visible prices without any slippage.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks.

Withdrawal Methods

“Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” This account type is meant for traders who wish tohave the maximum leveraging options with the least monetary investment. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Lime Fx supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested.

• However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees.
• It will also explore the investment safety measures provided by the broker.
• It has many users in countries like Indonesia, India, Malaysia, and Pakistan.
• MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform.
• The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
• 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.

Weekend trading enabled

Other notable tools include widgets that clearly display live quotes, interest rates and national holidays. Overall, the broker has plenty of tools for everyone to see some benefit. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths. Yes, it offers a referral program where users can get to invite friends for incentives.

For novice and even experienced brokers, Lime FxFX offers a wide rangeof educational materials. Lime Fx provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved. Approval of the funds can take from 1-3 hours depending on when you make a request.

Trading Cryptocurrency on MetaTrader 5

The account works like a live account, except that it allows you to trade with virtual money rather than real money. Once you feel confident with trading, you can migrate to MetaTrader 5 to get access to even more features. The broker provides you with a good range of educational materials including video tutorials, trading guides, FAQs and a glossary. Subjects covered include the very basic lessons such as an introduction to trading and how to place a trade to the more advanced technical and fundamental analysis. The information is very easy to digest and is supported with visual representation for clarity.

When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. These are two offshore regulators that allow Lime Fx to provide secure financial services in 180 countries. Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. If you want to see how Lime Fx’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use.

CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I would say this is the platform of choice for the professional trader. However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line. That being said, you can get cTrader and limefx reviews the MetaTrader platforms from another top broker in Pepperstone. It allows clients to learn and try multiple risk management strategies without any deposit. The Lime FxFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds.