Lime Fx Review 2024 Should You Register For An Account? Find Out
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Traders can access both the MT4 and MT5 mobile apps with Lime Fx, which are available for iPhone/iPad and Android devices.
Very good service
With CFDs, traders can make money no matter what the market is doing and can do so without ever owning the underlying asset. All 433 stock CFDs are available for all accounts except the CRYPTO account, which mainly focuses on cryptos and Forex pairs. Traders can benefit from several types of accounts with low spreads, permitted scalping, and fast trade execution.
How much money do I need to start trading at Lime Fx?
The company offers access to Forex, commodities, indices, stocks, and cryptocurrencies, appealing to both novice and experienced traders. I like the Lime Fx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection.
Crude oil spreads are around 3 points and gold is around 21 points. Note that Standard account spreads come in at around 1.5 pips for EUR/USD. There are almost all support methods available on the AMarekts’ website, from direct contact via phone to 24/5 live chat. They also have a Telegram channel and email support is working properly. There is only one downside here, we weren’t able to find an online form.
The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. A competitive ECN trading environment with audited and verified order execution.
There is a dedicated button for opening a Demo account with Lime Fx. Virtual funds offered are $10 000, which should be enough for beginners to master basic skills for trading. Pros can use the Demo account to test their trading strategies before applying them to real markets. Lime Fx offers 539 total trading instruments in different asset classes. This is a very competitive number for assets as traders can trade almost all popular instruments, from Forex to cryptos, with high leverage to boot. The main assets offered for trading include Forex pairs and stocks.
Ready to Get Started?
Withdrawal fees depend on the payment processor, and Lime Fx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and Lime Fx account must match. Lime Fx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors.
- Lime Fx offers Standard and ECN accounts on the MetaTrader 4 and 5 platforms, plus additional tools and copy-trading.
- Lime Fx offers educational content on its blog, with quality written articles.
- The broker offers several communication channels to satisfy the needs of different clients.
- The most ignored trading costs are swap rates on leveraged overnight positions.
The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions. Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window.
He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. To delete your Lime Fx account, you need to contact their customer support and follow the necessary procedures they provide. It is regulated by the Financial Commission (FinaCom) and offers client protection with compensation funds up to €20,000 per case. Furthermore, Lime Fx has a particular Telegram bot for customer support, which reflects the broker’s endeavor to keep up with the times and use modern communication methods.
I’m happy to receive email updates, including Trustpilot recommendations, tips, and news. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. The secure Lime Fx back office handles all financial transactions for verified clients.
Reviewing as many trading strategies as possible and choosing several for investing is advisable. Experienced investors recommend dividing the deposit into at least five parts to protect against potential drawdowns. Special accounts allow you to copy trades without installing programs on your computer. Strategies are set up in the broker’s Client Area, and copying occurs automatically.
I contacted support several times and they quickly fixed the issue. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. After clicking on the OPEN ACCOUNT button that is present on the homepage of the broker, there is a form to be filled out. Make sure you enter your information as requested by the broker and the account is ready in seconds. If you decide to open an account with Lime Fx, we will provide limefx official site all the necessary steps in detail below.
I miss a direct line to the finance department, where most issues can arise. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Lime Fx stands out as a compelling limefx scammers choice for traders due to its robust offerings and commitment to customer satisfaction. Lime Fx offers some educational content, including forex news and analytics, as well as a blog.