This is a high-risk investment and you should not expect to be protected if something goes wrong. When using Lime Fx, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Lime Fx, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades.
- But we don’t stop there – we also offer valuable insights into other great alternatives to Lime Fx, so you can make a more informed decision and compare other brokers against Lime Fx.
- Lime Fx offers a mobile app which is available to download on iOS and Android devices.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Lime Fx has a great mobile trading platform, which is offered on MT4 and MT5.
Manipulation of trades
Stay away if you want to keep your money and go invest somewhere else. If 75% of investors there lose money according to their own website, you should seriously consider why that is….because the entire platform is built to make money for the owners of the company at your expense. We believe that choosing the right broker is the key to success in online trading, and we are committed to helping you do that. If you’re looking for reliable and accurate information about brokers, you’ve come to the right place.
Lime Fx CFD Leverage (Where Available)
They offer dozens of indicators, multiple charting styles, timeframes and order types, plus support for automated trading through expert advisors (EAs) and scripts. Overnight fees apply on cash instruments held overnight, but this is industry standard. The broker also doesn’t charge any deposit or withdrawal fees, while third-party bank charges will be reimbursed on international wire transfers over $200. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. Again, this is cheaper than most alternatives we have reviewed and will appeal to serious traders. We found that trading fees vary between asset class and account, with commission-free trading available on the Micro and Standard accounts with a floating spread from 0.6 pips – tighter than most brokers we have evaluated.
They are a leading broker that has limefx scam an impressive 16 trading platforms with over 1000 trading instruments across 6 asset classes and various convenient funding options for quick and easy account funding. I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you. Never trade with money you cannot afford to lose.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Lime Fx Withdrawal Fees
Traders who sign up with this branch may not receive the same degree of legal protection or safeguards. Lime Fx offers a mobile app which is available to download on iOS and Android devices. Based on our assessment, MT4 is best for beginners with 3 chart types, 9 timeframe views, 4 pending order types, 30+ technical indicators and 23 drawing tools. With excellent customization capabilities, we are comfortable traders of all experience levels will be able to navigate the interface and open/close positions with ease. The only charge to be aware of for casual investors is the $5 monthly inactivity fee that applies after 90 days. If you want a broker with no inactivity fee, we recommend Vantage.
Don’t worry if you are not trading enough volume, you can still request the Lime Fx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month.
Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. You can start using the MetaTrader 4 platform with Lime Fx in multiple formats including through an online web platform,Through a downloadable application for Windows PCs and Apple Macintosh computers. Lime Fx allows traders to trade on mobile devicesthrough Android limefx reviews and iOS devices like the iPhone. After logging into your Lime Fx account, you’ll find a range of trading platform options available below. In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones.
This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. If you are new to trading online and would like to learn more about the different platforms available and how to use them, Lime Fx have a generous selection of tutorial videos that can help. You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at Lime Fx Group who will be happy to get you started and provide you with assistance.
As a trader, you should feel confident that your financial investments are in good hands with Lime Fx. So take the time to research Lime Fx thoroughly and make the most of your online investing experience. Our team has endeavored to break down the complex world of trading with Lime Fx into easily digestible information in this Lime Fx review. We want to ensure you have all the knowledge necessary to use the Lime Fx trading tools confidently, from depositing and withdrawing funds to executing trades. You must be diligent and thorough in your Lime Fx review selection process to safeguard your hard-earned money. It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of Lime Fx.
With CFDs, Lime Fx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. It’s essential to remember that the payment methods provided by Lime Fx vary based on the Lime Fx entity and the Lime Fx client’s country of residence. To view the Lime Fx payment options available, you can log into your Lime Fx member’s area. Let’s explore each of these trading platforms in detail and what options Lime Fx gives you. A minimum deposit is the minimum amount of money required by Lime Fx to open a new online brokerage account with them. Lime Fx requires a minimum deposit of 5 GBP/USD/EUR when opening an Lime Fx trading account.
I don’t usually require assistance from the account manager as I have been trading for many years. However, it is a great option if you are new to trading and need some guidance along the way. Lime Fx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators. They are also regulated with the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA). That said, Lime Fx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
This is an excellent selection that I would put up there with some of the best in the industry. However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison. However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine.