Lime Fx Review Pros, Cons, Key Features and FAQs

See how Lime Fx compares to the leading Forex brokers by reading one of the reviews below. Lime Fx boasts an average of 7 seconds to respond and 3 minutes to find a solution to clients’ issues or answer their queries. This has greatly contributed towards the team’s 96% customer satisfaction rate. Lastly, anyone looking for an automated trading strategy can utilize the cTrader limefx company reviews automate to help you develop custom robots.

Risk disclosure:

Founded in 2011, Lime Fx has built a substantial global presence over its years of operation. The broker reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America. Lime Fx processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data.

It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. Its Lime Fx.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide. The firm has a strong foothold in https://limefx.vip/ the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world.

Trading Guides

Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The deposit options with Lime Fx are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades. The Lime FxTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes.

The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. Lime Fx is a global broker, who offers a new take on certain aspects of the retail brokerage space. Founded in 2011, its products are available through Lime Fx.com and Lime Fx.eu.

How do I qualify for the Lime Fx VPS service?

• Usually, Lime Fx confirms withdrawals within 1-2 business days, but allow extra days for your Bank to process the transaction.
• This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks.
• This allows traders to have direct conversations with the support team for urgent or complex issues.

They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. You can just tell it by watching their account types, they have two.

• However, while customer service is generally praised, there have been rare reports of traders desiring more thorough instructions.
• Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise.
• CTrader has a desktop version, and is also available in apps for android and iOS.
• Any profits that exceed this funding level will need to be received through an alternate method like bank wire or e-wallet.
• When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources.

After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed. The spread for all available currency pairs offered by Lime Fx – including major, minor and exotic pairs are listed in the table below. Lime Fx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads. Lime Fx minimum deposit is $25 allowing you to open an account and start trading.

Their website promises trading on low spreads, fast execution, and reliable service. So we needed to take a closer look to see if Lime Fx could be trusted or if they were just blowing smoke. Withdrawal methods are similar to deposit methods, with the addition of a few other options like Perfect Money and other local payment systems, depending on the trader’s country. Withdrawals are typically processed within 24 hours, though some methods may take longer. Lime Fx provides trading calculators to help traders easily calculate position sizes, swap rates, and margin requirements. This ensures that traders can manage their risk exposure and ensure they don’t over-leverage their positions.

MetaTrader 5 Web

It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. 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. Lime Fx provides a solid range of educational materials, including articles, videos, webinars, and a video course.

During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within Lime Fx. Lime Fx provides live quotes and detailed spread information on its website. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted.

This particular account boasts of an array of remarkable features encompassing astute and well-informed traders seeking to push their level of expertise beyond its current limits. This makes it an excellent choice for those looking to increase revenue by leveraging a larger network. Overall, the Lime Fx Affiliate Program and its ancillary options provide traders with a comprehensive suite of opportunities to capitalize on their networks and expertise. With 24/7 availability, multilingual support, and comprehensive resources, Lime Fx ensures traders receive the guidance and help they need at any time.

Below is a tabular review of the various deposit methods and the processing time. It allows clients to learn and try multiple risk management strategies without any deposit. The Lime Fx Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves.

Regulatory Standing

Even a quick glance establishes why the firm is so willing to share. Lime Fx Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain Lime Fx.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards.

This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt. Platform choice ultimately comes down to personal preference, but Lime Fx has signalled its intent by offering its clients the choice of two market-leading platforms. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. This section of the site is well supported by the Customer Services and the Education sections of the site. There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. Lime Fx is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs.