Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer.
However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. Lime Fx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based Lime FxTrader platform is a beginner-friendly and convenient alternative.
Is Lime Fx a good broker?
These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from Lime FxFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type.
It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. Another thing we should note is that in the case of Lime FxFX, we assume the spreads haven’t been widened. If they have, then this would be akin to an administration fee however it is difficult to prove if Lime FxFX is doing this. We can only trust they are not since spreads are generally decent. Regarding account currency, if you join the Lime FxFX European subsidiary, you will use Euros.
Client orders received by Lime Fx are offset by banks and liquidity providers. NDD (No Dealing Desk) brokers such as Lime Fx act as intermediaries between the trader and the real market and receive a defined and transparent commission for it. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. The web-based Lime FxTrader platform is well-designed and intuitive. Popular features such as 1-click trading, alerts, and watchlists are available.
Lime FxFX Review Of 2024
Note, some local payment methods may also be limefx broker reviews offered depending on your country of residency. This includes international bank wire transfers for citizens of Thailand, India and Nigeria, for example. Both platforms are suitable for beginners, though our experts note that MT5 offers more advanced trading features. Lime Fx has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. Lime Fx also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges.
MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform. It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (EAs). Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features. MT4 is the complete platform to get started trading online and is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
Once you login to your personal area, you can set up your copy trading profile and deposit to your wallet. You can also sign in to your new account using the limefx reviews Android app. Lime FxFX is a No Dealing Desk (NDD) broker and therefore acts as an intermediary between the trader and the market. Lime FxFX receives commissions from its liquidity providers for each transaction. The minimum deposit is USD100, regardless of what type pf account you choose to open.
About the Editorial Team
Simply choose an account, choose the trading application and access it via Lime FxFX Trading App Accounts. This lightning-fast application with an attractive and easy-to-use design will make everything straightforward from the first tap. Dear DJ Mega Kel,Thank you so much for your positive feedback and for taking the time to share your thoughts with us. We’re glad to hear that you’re enjoying our fast payouts, leverage options, and top-notch execution. We truly appreciate your suggestions regarding spreads during news releases and the variety of account types. Lime FxFX offer a great choice of platforms for convenient access to the markets on all of your devices.
With Lime FxFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. Managing risk is of course a vital element for any forex trader and broker combination. Lime FxFX utilizes all of the tools that are in place with your trading platform to help you to do this. This makes it perfect for new traders and those beginners starting out.
He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Founded in 2011 in Cyprus, Lime FxFX is a well-regulated broker with oversight in place from CySEC and SVG. They provide ECN execution which is popular among scalpers for its high speed. The broker also offers copy trading services an accessible minimum deposit. Let’s start with fees and commissions, because no one wants to get nickeled and dimed, especially when you’re just starting out.
- This is rather a limited selection compared with other top brokers.
- Lime FxFX is also registered as a company in Saint Lucia, and its trading name is Lime FxMarkets.
- Further protection is also available through the guaranteed stop loss that Lime FxFX makes available in exchange for a small mark-up when you are opening a position.
- Users from all over the world have traded in the financial markets using our platforms and mobile apps.
You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. Some of these educational webinars could be useful, but they are only really suitable for absolute newbies.If you want advanced trading education, look elsewhere.
I have an account issue with Lime Fx after investigation Lime Fx compensated me and credit my account included my profit. You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit.
Lime Fx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry. Lime Fx excelled in the category of fees, with tight spreads in CFDs on forex and shares.
MetaTrader 5 Mobile App
Lime FxFX offers spreads as low as 0.4 pips on major currency pairs. That’s lower than both FXTM and Exness typical spread offerings. Lime FxFX also doesn’t charge any commissions, while FXTM and Exness both charge a small commission fee per trade on top of spreads. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Lime FxFX does not have authorization from the Reserve Bank of India (RBI). In September 2022, the Indian Enforcement Directorate (ED) froze several bank accounts belonging to Lime FxFX India and related companies for illegal forex trading.
