It lacks low-risk securities like ETFs and bonds, as well as alternative contracts such as vanilla options and futures. The app can also be used to place market, limit, and stop orders and adjust the exposure of your open trades. It supports one-tap trading, watchlist customization, and trading alerts.
Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Lime Fx offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols. Lime Fx’s mobile trading apps are reliable and well-rated, making it an average choice for investors who prioritize mobile trading. Lime Fx offers competitive commissions and fees, including a low average EUR/USD spread of 0.9 and no inactivity fees.
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. In terms of tools, traders can choose the most convenient platform among Lime Fx Trader, MT4, and MT5. With the mobile Lime Fx app, you can manage all accounts without downloading MT4 and MT5 on your phone.
Lime Fx offers trading accounts denominated exclusively in US Dollars (USD). Lime Fx Copy is a user-friendly copy trading app designed for effortless Forex investing. Without needing expert knowledge, users can follow seasoned Master Traders, mirror their trades, and earn passively, while retaining full control over risk and performance.
- There is also the option to transfer funds to a wallet outside of these accounts but within Lime Fx.
- Lime Fx (Lime FxFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices.
- All trading accounts featured by Lime Fx are swap-free and suitable for halal trading.
- With Lime Fx, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
- This feature ensures that traders cannot lose more than their initial investment.
With Lime FxTrader platform at its core, the ecosystem consists of all Lime Fx’s products and services, including Space, Lime Fx Rewards, Lime Fx Black, and Lime FxVision. It works as a whole to ensure a seamless, secure, efficient trading experience. All the elements complement each other to increase the overall trading performance of Lime Fx’s clients. They experience less cognitive load while making more informed and confident trading decisions—a better outcome for the broker as well as for traders.
Lime Fx is a global trading platform founded in 2011, serving clients in 180 countries. With over 42 million accounts and 277 instruments, it offers commission-free access to CFDs and supports traders with free educational tools and expert market analysis. Use it to deposit and withdraw funds, browse market insights, and monitor all open positions without having to sit in front of the computer limefx forex broker all day. It is free, user-friendly, and has everything you need to make your trading experience even more convenient and effective. Lime Fx charges minimal non-trading fees, making it a cost-effective option for traders. The broker does not impose any fees for deposits or withdrawals, allowing users to manage their funds without incurring extra costs.
Lime Fx allows payments via Neteller, Skrill, cryptocurrencies (Bitcoin, Ethereum, Tether), Visa, MasterCard, and South African Local Banks – providing flexible options for global traders. Negative Balance Protection ensures you never owe more than your deposited funds. If extreme market volatility pushes your account below zero, Lime Fx automatically resets it to zero, covering the loss and preventing additional financial risk. The minimum deposit is $25, but we recommend starting with at least $100. Such bonus funds are withdrawable, but you need to trade a certain number of lots before you can actually withdraw them. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
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- Therefore, traders can practise risk-free and develop profitable strategies before trading with real funds.
- With leverage, you can make significant profits much quicker when trades go well—but you can also lose just as quickly if the market moves against your expectations.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with Lime FxTrader accounts offering slightly lower spreads for Forex. 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, limefx reviews 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.
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While it doesn’t provide third-party research, the in-house content is more than sufficient for keeping up with market movements. I appreciated that the app is packed with advanced market analytics, helping traders spot potential opportunities even on the go. I also like how Lime Fx caters to beginners by integrating past webinars directly into the app. In my estimation, Lime FxTrader is a great fit for technical and day traders looking to scoop the next best trading opportunity, thanks to featured trading signals and market breakdowns.
Lime Fx provides a secure trading environment through segregated accounts, SSL encryption, and strict verification protocols. With constant system monitoring and safeguards like 3D Secure and Negative Balance Protection, traders can operate confidently, knowing their funds and data are protected. A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your Lime Fx profile, each with its own balance and leverage. 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.
For those using ECN accounts, spreads can be even tighter, although a small commission is charged per trade. Combined with the broker’s fast execution speeds, these features make Lime Fx an appealing choice for traders of all experience levels. Lime Fx (Lime FxFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. Lime Fx is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader.
Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement.