With the mobile Lime Fx app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient.
Lime Fx Compared to Other Brokers
The incorporation of a mobile economic calendar and customizable alerts—which enable traders to remain updated about market events—was much valued by users. The simple interface of the program ensures quick navigation, which qualifies for both new and expert traders. Lime Fx shows a dedication to transparency and financial stability for the years it started to operate under more reliable licenses.
Cost Structure and Fees
You can choose from a range of available indicators, download a custom indicator, or create your own. This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies. The Lime FxTrader Account is designed for traders seeking a high degree of flexibility and precision in their trading strategies.
There is also the option to transfer funds to a wallet outside of these accounts but within Lime Fx. During certain events, Lime Fx offers a https://limefx.club/ bonus where you can claim up to a 100% deposit bonus. During the account opening process, clients must choose a type of account. However, once the process is completed, they can easily add additional accounts with just one click.
Tradable Instruments
To make any meaningful profit with this strategy, you need to place multiple intraday trades. Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.
This feature enables Indonesian traders to build well-informed portfolios, improving their trading efforts. Yes, you can register an MT4 or limefx MT5 live trading account and then request that it be converted to an Islamic account. The Islamic Account distinguishes itself by not charging additional fees for overnight fees. This distinguishing feature ensures that Indonesian traders who adhere to Islamic principles can trade with complete peace of mind without any impediments jeopardizing their strategies or goals.
- The incorporation of a mobile economic calendar and customizable alerts—which enable traders to remain updated about market events—was much valued by users.
- Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous.
- Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method.
- Lime Fx is a broker that has operated for over 10 years and has been expanding during this time.
- At that point, we could see our withdrawal status as “pending” in the dashboard.
- Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
Spanning across the globe, Lime Fx is subject to regulation by several authorities including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by Lime Fx. Recognized as a reliable broker as Lime Fx operates for many years, it is fit for most traders, especially International traders since Lime Fx proposal internationally is much wider and better quality too. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered. Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which Lime Fx entity you choose for establishing your trading account.
Deposit Fee
Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Your funds are protected at all stages, from depositing to withdrawal. We also minimise the risk of loss by keeping your funds segregated from Lime Fx’s assets. Due to its user-friendly and swift account opening process, Lime Fx establishes itself as an excellent choice for individuals aiming to begin their trading journey without unnecessary hassles or prolonged waiting periods.
In addition to educational resources, Lime Fx provides various tools to assist traders, including a pip calculator, profit calculator, live quotes, trading monitors, economic calendar, news, and a market analysis section. Available for Android and iOS smartphones, the Lime Fx MobileTrader app offers a flawless trading experience. The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away.
- Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content.
- Lime Fx offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- On the negative side, some traders may find that certain features could be enhanced, and there could be restrictions on certain trading preferences.
- We made the deposit through Tether via the TRC20 network, which has the lowest fees.
What Can You Trade on Lime Fx’s Platform?
The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Additionally, the Lime Fx platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications.
The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. Lime Fx is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders. Lime Fx International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. On the negative side, traders should make sure to check the proposals, as Lime Fx is an international brand and a Cyprus one offers slightly different conditions.
The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, Lime Fx emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. MetaTrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help traders make predictions. In addition, the broker offers a rebate program that is especially attractive to traders.