Lime Fx Forex Broker Review and Rating 2024 Detailed Lime Fx information with traders reviews for 24 May 2024
Lime Fx Ltd has licenses from many regulatory agencies, including the Island of Mwali (Comoros), Cook Islands, and Saint Vincent and the Grenadines; each overseen by their respective authorities. Furthermore, Lime Fx limefx company reviews is a recognized member of The Financial Commission which ensures broker openness and integrity to offer trade claim coverage via compensation fund. Users can learn more about the products and services PrimeXBT offers.
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MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. Since being founded in 2018, PrimeXBT has grown exponentially to serve 1,000,000+ traders in 150+ countries all around the world. Clients enjoy the confidence of trading with an award-winning brand, committed to security, and benefit from round-the-clock support.
Mission and Global Outreach
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Many less reputable brokers try to pressurise users into bigger financing for premium services. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater benefits will come along. If you want to trade with Lime Fx, you’ll require a minimum deposit of $250. This deposit is compulsory if you wish to begin trading with Lime Fx.
MetaTrader 4: The Industry’s Standard Trading Platform
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Demo Account
- No, the terms and conditions of Lime Fx do not condone scalping.
- One positive consequence of not being regulated by any government agency is that the broker’s sign-up process is quite simple, without the need to submit and verify a lot of documents.
- Lime Fx customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
The brokers experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets. There are many trading styles when dealing with financial instruments. Some traders prefer scalping strategies, while others prefer to open trades for days. Because of this, brokers should offer different account types to appeal to all trader types. Scalpers prefer the lowest spreads, while day traders want to trade with lower overnight costs and smaller commissions.
Lime Fx Licenses and Regulatory Compliance
It’s important to note that Lime Fx requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Lime Fx maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Lime Fx trading platforms is available on their website. https://limefx.club/ However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. Lime Fx offers 539 total trading instruments in different asset classes.
Overnight Fees
Withdrawal of money is possible at any moment from the Lime Fx account. You can draw up sums to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don’t necessarily need to have any money in your account. Download the Lime Fx MetaTrader 4 Program free of charge from Apple’s App Store. Lime Fx customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
The MetaTrader platforms are already fully loaded with more tools than most of you will ever need. There are plenty of built-in technical indicators and drawing tools for creating complex trading strategy templates. That is not to mention the fact that you can get loads more from the MQL marketplace and even build your own in the MetaEditor interface. That being said, it is great to see Lime Fx provide you with some handy tools to further enhance the online trading experience. Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds.
It enables you to mirror trades from seasoned traders and share in the profit percentage, irrespective of your trading acumen or professional knowledge. This service stands as a testament to the innovative blending of simplicity and functionality. Lime Fx grants its clients a gateway to an elaborate spectrum of over 550 trading instruments. This vast repertoire includes currencies, metals, indices, commodities, ETFs, stocks, bonds, CFDs, and cryptocurrencies, fostering a diverse and flexible trading environment. Lime Fx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.
Between 74-89% of retail investor accounts lose money when trading CFDs. Withdrawing money from Lime Fx processing time varies depending on the method but averages 1-5 days. You will be exposed to a high risk of loss regarding leverage and margin-based trading. Lime Fx are able to accommodate various levels of traders whether you are experienced or a beginner. We understand that informed decisions with Lime Fx are the key to successful trading, so we’ve provided this detailed Lime Fx review.
As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. Lime Fx may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged.
Striving to create an economically conducive trading atmosphere, Lime Fx exempts swaps on commodities and indices and has refined swaps for metals, currency pairs, and cryptocurrencies. This refinement results in a 30% saving on swap fees for clients, augmenting their financial latitude. Additionally, the broker facilitates 24/7 cryptocurrency trading via the MetaTrader 4 and MetaTrader 5 platforms.
The process is very simple and intuitive, just a few personal details will be sufficient to get you started. Safety starts with regulations and depending on how many regulators are overseeing the broker, we can determine how safe it is to hand our capital over to them. Lime Fx is regulated by the Financial Services Authority (or FSA) in St. Vincent and the Grenadines. Regulated by any authority is already a big thing for Forex brokers, but having only one overseeing authority is still not enough. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Lime Fx and its competitors.
Lime Fx accepts clients from all over the world, excluding USA, UK, European Economic Area and some countries from the OFAC list. The FAQ section will help you find answers to the most frequently asked questions about trading with Lime Fx. This is nothing ground breaking but it is nice to have everything easily accessible in one place. It also means you might not need to wait to hear back from support to get answers to your questions.
✅There are 11 commodities mentioned, typically energy, agriculture, and other raw resources, allowing traders to bet on price swings in critical and frequently used items. Lime Fx’ withdrawal costs vary by method, with some incurring charges. Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates.
Lime Fx primarily provides brokerage services in the CIS countries, Asia and Europe. They are focused on offering high-quality services and comprehensive support to their clients and partners. They have a professional team that is committed to finding the latest innovative trading solutions and incorporating new technologies. This helps to ensure that Lime Fx offer good trading conditions to their clients from across the globe.