Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels. Lime Fx offers a swap-free Islamic account that adheres to the principles of Sharia law. Lime Fx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of Lime Fx are listed in the website’s footer, with details such as registration and license numbers. In our tests for the Trust category, we also evaluate factors relating limefx company reviews to stability and transparency.

• This broker doesn’t accept residents of the EU, UK, Australia, and the US.
• The initial deposit threshold for an ECN account is pegged at a modest $200.
• The spreads are dependent on the account type the trader is operating on.
• That way, you can practice your skills without risking real money.
• This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Leverage and Margin

The broker integrates modern trading platforms and advanced liquidity aggregation technologies along with STP and ECN mechanisms, offering direct access to the interbank market. The initial deposit threshold for an ECN account is pegged at a modest $200. There are three trading platforms provided for traders, namely MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Lime Fx proprietary mobile trading app for both Android and iOS devices. MT4 and MT5 are two of the most popular professional platforms among traders the world over. They offer advanced features to analyze charts with various tools to choose from.

It is still a downside for Lime Fx not offering any educational materials, making it harder for beginners to learn how to trade. But for the advanced traders who know what they are doing, the broker has plenty of tools to assist. For their accounts, except for the ECN one, the commissions are zero, making it very cheap to open a trade. Spreads are moderate, and day traders will find it easy to open trades for days without expensive commissions and fees. Withdrawal fees depend on the payment processor, and Lime Fx processes all requests within 24 hours.

High Leverage Options

User reviews of the Lime Fx mobile application limefx forex broker are pretty positive. In the overall AppStore rating, the Lime Fx app received 4.9 out of 5 possible points, based on 847 reviews. This high rating confirms that the Lime Fx app excellently combines functionality and ease of use, making it an indispensable tool for mobile trading. The commission for withdrawing funds depends on the payment system used.

Is my money safe with Lime Fx?

Lime Fx prides itself on being a reputable member of The Financial Commission, a revered independent entity in the financial services sector. This affiliation accentuates Lime Fx’ commitment to maintaining transparency, integrity, and ethical conduct in its operations. It also serves as an assurance to clients, offering a robust Compensation Fund covering up to €20,000 per trade claim, acting as a financial cushion and reinforcing client trust. Copy Trading Service demystifies the trading realm for investors, allowing seamless access to a plethora of strategies within the platform. It enables you to mirror trades from seasoned traders and share in the profit percentage, irrespective of your trading acumen or professional knowledge.

I started working with Lime Fx relatively recently, about six months ago, but I already managed to evaluate all the advantages of this company. One of the main advantages is the convenience and functionality of the trading platform. There are all the necessary tools for analysis and trade, as well as the ability to configure the interface for your needs.

very simple process to withdraw and fast

These include articles in the blog section and a comprehensive knowledge base. The educational offering could be improved by adding courses and live webinars. More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels. Via the Standard Account, the spreads at Lime Fx could be more competitive.

Reviews4.8

We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. After clicking on the OPEN ACCOUNT button that is present on the homepage of the broker, there is a form to be filled out. Make sure you enter your information as requested by the broker and the account is ready in seconds.

• There is also a Demo account which allows new users to practice without risking real money, along with an Islamic account.
• You need to undergo identity verification for full-fledged work with a live account.
• Lime Fx’ withdrawal costs vary by method, with some incurring charges.
• Online investing with Lime Fx can be just as risky as traditional offline investments.
• Lime Fx grants its clients a gateway to an elaborate spectrum of over 550 trading instruments.
• Industry experts agree that Lime Fx are a strong choice, with competitive trading conditions.
• The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Lime Fx trading losses are always limited to the current balance of funds in the trader’s account. The Lime Fx MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the Lime Fx trading server.Take the time to understand all of the Lime Fx Android MetaTrader 5 features. With Lime Fx MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.