Traders can have 50 positions pending or open positions at a time. Lime Fx Broker supports both MetaTrader 4 and MetaTrader 5 platform that offers state of the art technology, simple to use, and user-friendly interface. They offer trading versatility since both applications are available through a wide range of devices, from installed software on a PC, WebTrader in a web browser, to mobile devices. Lime Fx Broker provides 24-hour phone, email, or online chat customer service from Monday to Friday in 30 different languages. This wide language support made nearly everyone to engage in easy and secure communication with Lime Fx’s dedicated support team. Lime Fx also encourages its users to contact customer support whenever they have any doubts regarding the trading platform.
- Lime Fx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities.
- Lime Fx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC).
- ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
- This means that I can test most brokers with a platform that I am already familiar with.
How Does Forex Trading Work?
Lime Fx broker is established under the Lime Fx Global Limited, which is part of the Lime Fx Group financial company. Lime Fx is founded in 2009 as an online broker and trading platform service that offers a wide ion of accounts with a low minimum deposit, designed to attract every trader across the globe. The Lime Fx group itself is an industry leader with 2.5 million clients from 196 different countries. In recent years, Lime Fx expanded its service into an online multi-asset forex broker including over a thousand CFDs and 57 currency pairs as tradable assets. MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently.
I always start on a demo with a new broker just to get a feel for what they have to offer. Lime Fx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms. These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities.
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Lime Fx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. Please note that the Lime Fx WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account. Kindly note that the Lime Fx WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms.
Lime Fx Group offers a range of trading platforms to suit different preferences and trading styles. Lime Fx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, Lime Fx charges fees for deposits and withdrawals via Bank Wire below $200.
Following these laws can be complicated and costly for brokers from other countries. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Access to shares CFDs depends on the client’s country of residence. CFDs on over 100 US, UK, and Germany stocks are available to trade on the Lime Fx platform. The account opening process with Lime Fx is straightforward and user-friendly. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency. Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange.
Tailored to Your Trading Journey
I would always prefer to trade with a regulated broker as it gives me the peace of mind that my funds are safe. However, keep in mind that different regulators have different levels of protection. I consider regulators such as the FCA and ASIC to be top-tier when compared to other regulators such as those located offshore.
Money Matters:
Withdrawals can only be processed via the method used to deposit the funds. Traders can deposit funds into their Lime Fx accounts through methods like Visa, Visa Electron, Mastercard, Maestro Diners Club International, UnionPay, Lime Fx Card, Skrill, Neteller, Web Money, and bank wire limefx scam transfers. Wire transfer deposits and withdrawals over $200 are included in Lime Fx’s zero fees policy. All Lime Fx account types offer negative balance protection for EU residents. Lime Fx offers trading services to residents or citizens of more than 200 countries. The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney.
Lime Fx Group is a globally established and regulated online trading broker. They are one of the best brokers for day trading from my experience. You can get instant access to no-requotes, tight spreads, fast execution speeds, low commissions, and negative balance protection. They are a leading broker that has an impressive 16 trading platforms with over 1000 trading instruments across 6 asset classes and various convenient funding options for quick and easy account funding. I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you.
However, the broker does not accept US clients due to regulatory restrictions imposed by US authorities, particularly the CFTC. This regulation does not permit non-US brokers to operate and onboard clients from the US. So, if you are a US forex trader considering Lime Fx, you should choose alternatives. It’s all about making sure trading is fair and safe, especially for retail traders.
I like that most brokers offer MT4 whereas MT5 is less commonplace. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t limefx reviews want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.
