Lime Fx offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform. This broker is an average choice for investors due to its solid but not outstanding rating for platforms and tools. THerefore, is slightly hard to evaluate Lime Fx since International codnitions are overall good, and EU are limited compared to industry. ALso, the points Lime Fx does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at Lime Fx are considered good.
Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which Lime Fx entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia. The Lime Fx mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Lime Fx app, users can open positions in the Lime Fx account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history.
For those familiar with cryptocurrency wallets, this process is very simple and quick. Periodically, Lime Fx offers the Lime Fx Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. Yet, if you still prefer to use high leverage, the international entity of Lime Fx Leverage still allows so.
The broker provides Indonesian traders with multiple deposit and withdrawal options, including bank transfers, e-wallets, and credit/debit cards. Lime Fx has firmly established itself in the trading community as a reputable broker providing user-friendly platforms, competitive spreads, and commendable customer service. Indonesian traders who wish to hone their trading skills can participate in the demo trading competition. This platform provides a risk-free environment where traders can practice and refine their trading strategies without incurring any financial risk. This dynamic fosters a collaborative atmosphere in which expertise is shared, and success is multiplied. In turn, followers can copy signals from master accounts, diversifying their trading strategies while learning from experienced traders.
Amana redefines access to global markets for both investors and active traders
- Lime Fx requires a minimum deposit of only $25, lowering the entry barrier for many traders.
- The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
- It’s trusted by individual investors, introducing brokers, and trading companies.
- Recognized as a reliable broker as Lime Fx operates for many years, it is fit for most traders, especially International traders since Lime Fx proposal internationally is much wider and better quality too.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
Lime Fx was founded in 2011 and offers a range of trading platforms and tools. While it is MiFID regulated, it is not publicly traded and lacks some major regulatory authorizations. Lime Fx provides comprehensive educational resources and a competitive fee structure, making it a solid choice for many traders. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Chicago soy, corn and wheat higher with trade talks, weather in focus
This is particularly advantageous for Indonesian traders aiming to elevate their trading prowess and refine their approaches before executing them in live markets. The MetaTrader 5 account is designed for sophisticated Indonesian traders actively participating in various financial markets and assets. Lime Fx uses separate accounts to keep customer funds separate from the company’s balance sheets per international regulatory standards. Lime Fx is a well-regulated trading provider ranked among the top 20 Forex and CFD brokers for Indonesian traders.
Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater https://limefx.biz/ accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. Scalping allows traders to take profit opportunities even when the price changes are very small.
The competition recognizes and rewards outstanding traders with cash prizes. The ability to withdraw or trade these rewards promotes skill development within a secure framework. Locate and select the “Withdrawal” option from your Personal Area dashboard. Lime Fx recommends submitting personal ID scans and addresses proof for account verification. When processing credit and debit cards, Lime Fx employs 3D secure technology, which improves the transparency and security of Visa transactions. The broker is not currently regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI/CoFTRA).
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The trading experience is enhanced by the availability of more than 25,000 custom indicators and plugins; the interface is simple, and navigation is easy. The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature. This function gives pertinent insights in real-time, hence improving decision-making.
Lime Fx Account Conditions Score
In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders. Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement.
- I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk.
- Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers.
- The Lime Fx Status Program allows traders to unlock various benefits based on their trading account balance.
In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, Lime Fx launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the Lime Fx app in the following year. In 2019, Lime Fx announced that its MT4 and MT5 accounts would not incur swaps or any type of commission.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled Lime Fx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
Providing India with trading services for 11 years
Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. Whether you trade occasionally or are actively involved in the markets, Lime Fx provides various tools to follow any trading style and achieve any specific goal.
Lime Fx provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. limefx review Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous.