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They have developed a competitive broker with global reach, low spreads and great technology. It is always good to see when a broker is well regarded not just by their clients but also by fellow industry members. 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.
Multiple instruments to trade
You can also follow the broker’s news and updates on their social media platforms provided on their website for smoother and more up-to-date content and news. The option of sending an email to the broker is also available and the reply rate is quite satisfactory. Lime FxFX won the best Islamic forex account awarded by world fiance in the year 2020 and the broker has been improving ever since. You do not need to pay interest-based or any other charges when you trade with the Islamic account with Lime FxFX. Since the rules are set for a reason, the purpose of the rules within the forex market regulations is to protect against the risk of a complete loss of capital.
- Therefore, Lime FxFX designed an Islamic Account specifically for Muslim customers, considering their strict religious beliefs prohibiting interest transactions.
- Traders can access MT4, MT5, and Lime FxTrader via web applications directly from their browsers, conveniently skipping the need for software installation.
- You’ll also have access to a host of risk management features that enable you to diversify our exposure throughout a range of asset classes.
- You can always switch over to a live account when you feel ready to do so.
- Traders will be relieved to know that no fees for withdrawals or deposits are charged by Lime FxFX and fees incurred by its payment processors are covered.
Customer Support
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Customer Support ☎
What is surprising though is that they have split the platforms according to the account type that you hold. We have gone over these above and if you are looking to use a particular platform then you will have to open that account. It is also important to point out that all of these accounts have a minimum lot size of 0.01 with no cap on the maximum size of lots that you wish to trade. You are also likely to incur some other trading fees based on the account that you have. Given that this is a European licence it means that they are allowed to offer their services to clients across the EU. This is because of the European “passporting” laws that form part of the MiFID directive.
SCAM TRADING PLATFORMS & AUTO TRADING BOTS TO AVOID
In this sense, Lime Fx offers swap-free trading in its purest form. Steven Hatzakis is the Global Director of Online Broker 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). 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.
- Our operations are built on providing a secure and user-friendly trading platform.
- MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies.
- You can contact our dedicated support team via email at or through live chat on our platform.Thank you once again for your kind words and trust in Lime Fx.
- The broker’s website, Lime Fxfx.com, has over 12 million trading accounts opened by clients from all over the world.
- Generally, regulation is the most important and critical point within a forex broker and so it’ll be our first point to discuss within this review.
After testing the platform with our own money and comparing it to hundreds of other sites, here are our pros and cons. All online trading activities are regulated by government financial authorities, limefx reviews so trades play a very important role. The license used in trading helps to build a confidential relationship with the customer and build a strong foundation. Every broker has to meet certain rules and criteria to get this government license. If a broker violates the rules or attempts to commit fraud, the license will be permanently revoked.
Spreads provided by Lime FxFX vary based on the commissions charged by brokers and the market conditions prevailing during trading. It provides traders with a versatile experience tailored to their specific strategies, whether accessed via a desktop or a web-based interface. One of the most notable features of Lime FxFX’s copy trading service is its wide range of trading systems. The platform offers a diverse range of options for portfolio diversification and increased earnings, with over 10,000 Masters. To participate, traders must create an Affiliate Account and use the unique referral link provided to acquire clients. Clients who sign up using the affiliate’s referral link earn commissions based on their trading volume.
Regulation is one of the most important factors to consider when looking at forex brokers. A highly regulated broker will offer you more protection and safeguard you from fraudulent behaviour, or in the case of insolvency. The range varies from currency pairs to cryptocurrencies and so many others. MT5 was designed to be a multi-functional user-friendly platform that enhances auto trading systems, technical tools, and copy trading. The next-gen platform supports scripts, libraries, customer indicators, and expert advisors. Lime FxFX offers the most well-known and used platforms in the market from Metaquotes which are Metatrader 4 and Metatrader5.
We’re excited to continue supporting you on your trading journey and wish you great success ahead! Advanced tools and features on the Lime Fx Desktop MetaTrader 5 (MT5) platform improve trading experience. It includes 21 timeframes and over 80 technical indicators, therefore enabling thorough market analysis. With trades usually handled in under 0.1 seconds, MT5 showed enhanced order execution speeds during testing—a critical ability for busy traders. To provide more trade management flexibility, MT5 also adds buy stop limit and sell limefx broker reviews stop limit, so introducing other order types.
These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. Lime FxFX supports a wide range of withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and cryptocurrency wallets. Most withdrawals are processed within 1-3 business days, and users report that the process is generally fast and reliable. Yes, Lime FxFX offers a demo account where you can practice trading with virtual funds. The demo account lets you become acquainted with the platform and test your trading strategies without risk. Furthermore, Lime FxFX’s competitive spreads and leverage options add to its allure, but it is important to note that, like all trading platforms, Lime FxFX has drawbacks, such as occasional technical issues.
To withdraw funds, customers’ free margin has to exceed the withdrawal amount, then they have to complete the verification process and get their accounts verified. The broker claims to process all withdrawal requests received within 1-3 hours. Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. Payment methods refers to the various mediums by which users can credit and withdraw from their accounts. Lime FxFx offers its users different payment methods to be used either for deposits or withdrawals.
In addition to the above mentioned, Lime FxFX uses segregated funds to protect clients money. This is a key requirement to look for in a broker because it means that your funds will be kept separately to the brokers. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.