Terms and conditions apply, and I recommend traders read and understand them before participating. Lime FxTrader offers a selection of 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies. No overnight charges and no commissions are charged when using this trading platform. A proprietary trading platform, Lime FxTrader, is also available for desktop, laptop, or mobile device as an app, allowing traders to manage their Lime Fx portfolios.
The EU entity of Lime Fx clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity.
Is Lime Fx a good broker?
The Lime Fx Demo account does not expire and is available without limit. Lime Fx offers customer support through various channels, including live chat, email, and phone. Lime Fx, formerly known as Lime FxFX, is a global online broker providing access to various financial markets, including forex, CFDs, and commodities.
Deposit Options And Fees
You can download the MT4, MT5, and Lime FxTrader platforms from the Lime Fx website. Installation guides and step-by-step instructions are also available to help you set up the platforms on your desktop or mobile devices. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. Copy and automated trading are only available on the MT5 desktop platform.
Does Lime Fx have an app trading option?
For this reason, Lime FxFX is one of the better choices if you require a Sharia-compliant Swap Free Islamic Accounts. 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. Their live chat team is mostly based in St Lucia or Cyprus and is 24/7. The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. Lime FxFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. Lime FxFX is also registered as a company in Saint Lucia, and its trading name is Lime FxMarkets.
- Then, choose the period in a days you plan to keep the order open and the trade volume in lots.
- Trading with Lime Fx will involve minimal fees, spreads from 0.6 pips, and commission-free trading depending on the account traders select.
- The minimum deposit amount required to open an Lime Fx live account is USD 25.
- 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.
- Copiers may use the filter to evaluate the Master Traders most suitable based on the commission structure.
Processing times range from instant to a few hours, which is better than average for the industry. 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.
Get the app
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free Lime Fx MT5 account. Lime Fx offers spreads on various commodities, including precious metals and energy products. The spreads for CFD stocks vary based on the stock and market conditions.
Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws. This means clients with Lime FxMarkets don’t have any form of regulatory protection so you can only trust Lime FxFX operations meet the standards you would hope. As this subsidiary is not regulated, Lime FxMarkets can be called an offshore broker. There was one slightly different trading platform, which is the Lime Fx copy trading software. This allows CFD and Forex traders to either copy other traders’ trading signals or let you broadcast your own trading signals to other traders on the social trading platform.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the limefx reviews brokerage industry. Lime Fx offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies. Lime Fx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total.
When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option. Lime FxFX is extremely limited regarding payment method options for funding a trading account. But, it must be said that depositing funds and holding your capital with Lime FxFX is definitely a higher risk than trading with other, more regulated brokers.
Check out my picks for the best mobile trading apps in the industry. Lime Fx caters to most international traders, including resident India, Pakistan, Malaysia, Nigeria, Singapore, and Indonesia. A risk management tool is also available, called the drawdown percentage (DDP).
All content on ForexBrokers.com is handwritten by a limefx writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. 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. Lime Fx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU. CySEC must comply with the same requirement set by ESMA (the financial body for the EU) that all financial regulators within the EU borders must follow. The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. Lime FxFX Best Forex Demo Accounts are available with MT4 and MT5 and have no time restriction on the trial period. With this in mind, the demo accounts are effectively a practice account. You can use all features including all the trading products available for trade and Expert Advisors for automation.
Lime Fx’s market research is well organized and varied in its content. Rather than specializing in any one field, Lime Fx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. Lime Fx does have a proprietary app for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
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