Lime Fx is a well-established Forex Broker with an Impressive offering. Lime Fx offers customer support through various channels, various educational resources, and, negative balance protection to ensure that traders cannot lose more than their account balance. 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. I came across Lime Fx company when I was just scrolling through various financial resources and somehow I saw an advertisement for the company. Traders benefit from a range of additional educational features and trading tools at Lime FxFX, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes.
- It doesnt make sense when the deposits take minutes but the withdrawal take days.
- Dear Fikile Sipho Gwagwa,Thank you so much for your positive feedback and for choosing Lime Fx as your trading platform!
- In addition, currency conversion fees may apply if the Lime FxFX withdrawal and receiving currencies differ, adding to the overall transaction costs.
Trading Platforms
These cover such aspects as their customer service and STP spreads. There are a host more awards on their websites but we are only listing those from reputable sources. Although the prospect of trading with free money sounds great, bonuses are an incentive for you to trade aggressively to meet your targets which could erode your profit.
What you will need to open an account with Lime FxFX
Commission fees can vary depending on the type of financial asset being traded and the Lime FxFX trading account level held by the trader. Yes, Lime Fx has a trading app that allows you to trade popular assets on embedded trading platforms. The online trading app enhances your trading experience by providing financial flexibility as you trade your money online You can download the Lime Fx Trading App from Google Play Store.
Customer Support at Lime FxFX
To delete your Lime FxFX trading account, you will need to get in touch with the customer support team. Note, accounts are automatically deactivated if you never deposit or sign in to them. Traders living outside of EU will have their accounts placed under Lime Fx Markets Incorporated. Lime Fx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated. Traders outside EU can not trust Lime FxFX and should choose another forex broker instead. If you would like to give Lime FxFX a try in a risk-free environment then you could always set up a demo account.
The holding company that controls the broker is called Lime Fx Markets Ltd and their offices are at suite 305, Griffith Corporate Centre, Kingston. Steven Hatzakis is the Global Director of 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. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Evidently, Lime FxFX has stopped working with all of those celebrities, as there haven’t been any new promotional activities with them for quite a long time now.
Lime FxFX Copy Trading
Moreover, you are allowed to hedge your positions, use scalping techniques as well as code your own Expert Advisors (EAs) on all of these trading accounts. This is run on the MT4 platform and it has the lowest minimum deposit amount at only $100. Something else that Lime FxFX does that helps protect clients is their use of segregated funds. This essentially keeps the funds in a bank account that is seperate from that of the main broker operations. You need to make sure that you are trading with a broker that has all the right protections in place in case of unforeseen circumstances.
The online broker is licensed and regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name. It is important to note that SVGFSA does not regulated Forex trading nor binary options trading.1 This means that all Forex trading done through Lime FxFX.com is unregulated. Our experts were pleased to see no limefx scam withdrawal fees at Lime FxFX.
It offers diverse trading accounts, copy trading, bonuses, and extensive research tools. MetaTrader 5 (MT5) is an advanced trading platform offering improved charting tools, additional order types, and support for more asset classes compared to MetaTrader 4 (MT4). MetaTrader 4 is available as a mobile app for both Android and iOS devices, allowing traders to access their accounts, execute trades, and monitor the markets on the go. Lime Fx provides several account types, the Lime Fx MT4 Account, Lime Fx MT5 Account, Lime FxTrader, Lime Fx Islamic, Swap-Free, and Risk-Free Lime Fx Demo accounts respectively. The minimum deposit amount required to open an Lime Fx live account is USD 25.
To better understand the Lime FxFX trading platform, you can create two separate accounts – one with real money and the other a Lime FxFX demo account. A Lime FxFX demo account provides a risk-free environment for experimenting with the Lime FxFX platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Lime FxFX trading decisions. Lime FxFX withdrawal requests will be honoured.Brokers that operate under the supervision of regulatory authorities like Lime FxFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits.
According to SC Public Register, there are only 16 companies licensed for dealing in derivatives—most of them large banks that usually do not provide brokerage services—and none of them are actual online CFD brokers. This extremely low number suggests Malaysian investors simply lack opportunities and options for investing in the international financial markets. Nevertheless, The Securities Commission and Bank Negara are quick to add international brokers to their alert lists. The absence of a licence, however, only affects certain advertising aspects of the brokers’ work, as they can still legally accept clients from Malaysia. Lime Fx is powered by its own platform—Lime FxTrader, MT4, and MT5, which have a reputation for being some of the most profound trading platforms.
Spreads on Lime Fx can vary based on the account type and market conditions, with some accounts offering spreads as limefx reviews low as 0.0 pips. I read an article about the history of this platform and this attracted me to choose Lime Fx as my broker.The broker was established in 2011, and its main goal has been to provide commission-free trading for all of its clients. This is quite a brave approach, and I see they have succeeded in achieving their goal.Indeed, only spreads are in the form of commissions on this platform. Lime FxFX is a legitimate company registered in Saint Vincent and the Grenadines and regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The EU entity is registered in Limassol, Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online.
So ensure you are fully prepared before depositing your funds and starting investing or trading in the financial domain. Depending on your place of residence and your preferred payment method, Lime FxFX’s minimum deposits can change. When funding with Visa or MasterCard, they might be as little as $25 (USD), as much as 50 euros (EUR) when using Skrill or Neteller, and as much as 500,000 Indian rupees (INR). It’s vital to remember that the Lime FxFX company you select for opening your trading account will also affect the minimum deposits and trading fees.