The infrastructure here is quite robust, I know that I work with a reliable broker just because there are no troubles with depositing of funds. As for withdrawals, then I haven’t made a single yet, But I don’t doubt that the withdrawal will be also free of any hassle, because the platform has tons of reviews and traders are pleased with its services. MT4 works correctly, I just inserted my credentials and connected the acc to the terminal. While no trading platform is entirely risk-free, Lime Fx’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders.
I appreciated Lime Fx for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions.
The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.
- Hello Lucas,We are so grateful that you took the time to write this excellent review!
- You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.
- The MT4 platform is available in differentversions, such as the desktop version and the mobile app.
- Any rates, terms, products and services on third-party websites are subject to change without notice.
Does the broker support MT4 and
Its Client Agreement is easily accessible and pretty exhaustive. All essential safety information is present and written in an easy-to-understand way. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Even sites didn’t work properly for me sometimes, but this Webtrader is a beast. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.Please click below if you wish to continue to Lime Fx anyway.
How do I open an account with Lime Fx?
That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Lime Fx is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
With its commitment to delivering state-of-the-art trading software and a seamless CFD-based trading experience, Lime Fx caters to the needs of both beginners and seasoned professionals. Overall, Lime Fx is a reliable and trustworthybroker, providing traders access to the financial markets. The platform offersan extensive range of tradable instruments, advanced trading orders, andtechnical indicators.
I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading. MetaTrader 4 is easy to navigate because of its simplistic design. It could be argued that MetaTrader set the standard for how retail platforms should be organized. Apparently they can block anyone’s account with out any notice or warning and its written in their term and conditions. Hi Paul Turner,We’re sorry to hear about your experience, and we take such matters seriously. Please provide us with more details through the Find Reviewer process on Trustpilot so we can investigate and assist you accordingly.Lime Fx ⚡️Empowering traders.
However, it’s essential to recognize that while Lime Fx’s range of investments is extensive, it may not have as many exotic or niche assets compared to some other specialized brokers. limefx scam Traders with highly specific investment preferences might find more tailored options elsewhere. Trading orders are also beneficial for traderswho are looking to diversify their portfolios. With the help of these orders,they can also manage their trading activities better and maximise theirprofits. CFDs on futures are another popular tradinginstrument on the Lime Fx platform. Traders can access some of the most liquidfutures markets like the S&P 500, Nasdaq 100, Dow Jones 30, and more.
However, spreads may vary depending on the type of tradingaccount and the market conditions. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve. My tests indicate that Lime Fx’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.
Enjoy the benefits of trading with
The competitiveness of Lime Fx’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable. However, the broker’s spreads on currency pairs are quite elevated.
However, I came across Lime Fx reviews on trustpilot.com and to be honest I was quite impressed how many traders were sharing their experiences with this company and of course I decided to join them. It seems Lime Fx has a great reputation in the trading circles and it’s adimrable. Hello Lucas,We are so grateful that you took the time to write this excellent review! Hello Thabo,We are so grateful that you took the time to write this excellent review! There are 30 built-in technical indicators, 23 analytical objects and numerous analytical tools that traders can use to identify entry and exit points. Alongside charts, trading signals and technical indicators that allow automated trading, traders can download MT4 for Android, Windows, iOS, and macOS.
Trading carries a high level of risk and may not be suitable for all investors. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. In the case of no activity, limefx reviews including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or currency equivalent). In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account.