Residents of the EU/EEA, and UK cannot use this broker, along with US residents. And most importantly I withdrew funds several times without any problem and sometimes withdrawal was completed within a moment. You can trade forex, metals, cryptocurrencies, indices, shares, and several other instruments with Lime Fx. Lime Fx allows withdrawals by bank wire, credit/debit cards, cryptocurrencies, and e-wallets. Access the “Withdraw” area in your Lime Fx Personal Area to see available choices and follow step-by-step instructions. Lime Fx calculates margin requirements depending on transaction size, account type, and leverage.
Technological Innovations & Trading Conditions
I like its focus on trading strategies, but I need critical educational material. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. limefx courses scam Lime Fx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot.
When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss. As part of our Lime Fx review, we review customer service options, response times and problem resolution effectiveness on the Lime Fx trading platform. The Lime Fx trading platform supports a limited number of languages which includes .
Can you make money with Lime Fx?
I always recommend that traders check these before evaluating the total trading costs. There is no limefx company reviews use in rushing the process as it will only lead toward the wrong decision. Time and effort is key, and reading reviews and comparisons is a positive first step.
The Trustpilot Experience
- The firm offers traders cutting-edge platforms, a wide selection of trading products, and exceptional customer service.
- You will be required to input this code to log in to your accounts.
- There is a registration form that requires some personal information and you’ll need to verify your identity.
- The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
- Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly accessible for transparency.
Lime Fx is part of the Investors Compensation Fund and keeps clients’ funds in segregated accounts. The broker also offers negative balance protection for those trading on a margin. Lime Fx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat.
For some people, this may be off putting, but it’s important to weigh up the pros and cons and make a personal decision. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Lime Fx is an average risk broker because of its Tier-4 regulation. The Lime Fx blog discusses trading tactics, market research, and economic event coverage. ✅If applicable, Lime Fx will produce a unique wallet address and a QR code for your deposit.
How can I start trading with Lime Fx?
Please be aware that trading in financial assets with Lime Fx carries a risk of loss. Lime Fx trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
The overall average of email support provided by Lime Fx was very good. We tested communicating with Lime Fx support in multiple languages and in various countries. Lime Fx has a wide variety of over 106 instruments available for you to trade with. Below we take the main parts of any reputable broker and compare Lime Fx against Startrader, and freetrade. If you are a new entrant in the world of online trading and brokerages, so many nuances will no doubt be perplexing for you. Getting into the world of online trading demands expert assessing skills and thorough knowledge.
This service stands as a testament to the innovative blending of simplicity and functionality. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The Copy Trading service at Lime Fx allows clients to select strategies based on parameters such as profitability, number of investors, and age.
The results of the work suit me quite well, and there were no problems with the withdrawal. Lime Fx accepts clients from all over the world, excluding USA, UK, European Economic Area and some countries from the OFAC list. The broker’s website publishes fresh analytics from Lime Fx and Forex market news. All the relevant information is collected in the “Analytics” section. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Lime Fx earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. Materials are accessible to both beginners and advanced traders. I rate the research offering at Lime Fx as above average for the industry.
- Another advantage of choosing Lime Fx broker is its range of trading platforms.
- In Lime Fx, the minimum contributions for different types of accounts vary.
- You will probably also have top go through the standard KYC (Know Your Customer) checks but Lime Fx are normally pretty quick with this.
- Lime Fx offers a selection of insightful and practical educational materials.
- Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).
- Users are required to complete verification before they can deposit funds with Lime Fx.
Range of Assets
We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. Lime Fx offers its clients a mobile application for download on iOS and Android operating systems.