Lime Fx offers trading accounts denominated exclusively in US Dollars (USD). Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques. The account works like a real account, except it allows you to trade with virtual funds rather than real money. Experienced traders often use MetaTrader 4 demo accounts to test new trading strategies before using them in real trading. The broker offers a variety of opportunities designed to enhance the trading experiences of Indonesian traders.
All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Read our full explanation and accounting of our research and testing process to learn more about how we test. The following table summarizes the products available to Lime Fx clients. Use our country selector tool to view available brokers in your country. You get all the knowledge you limefx forex broker need to make informed decisions and trade confidently.
The broker also actively appears on Facebook, Twitter, and Instagram, offering still more means of communication. Lime Fx minimum deposit is $25 allowing you to open an account and start trading. However, the minimum deposit amount may vary depending on your region and the payment method you choose. As for the leverage, a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the Lime Fx broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly.
In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Upon consulting customer service about using Bitcoin for a withdrawal, we were informed that “Cryptocurrencies” is not categorized as a method to withdraw via Bitcoin, a deposit using Bitcoin would be necessary first. Lime Fx does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
Lime Fx commissions and fees summary
Lime Fx withdrawal options are the same Bank wire for all accounts, there is no Credit Cards supported for Cyprus entity. Lime Fx also covers fees so you may access your moany at any time and receive it relatively quickly. Usually, Lime Fx confirms withdrawals within 1-2 business days, but allow extra days for your Bank to process the transaction. Lime Fx broker offers three account types available at International porposal that also define trading conditions by the platform that is used for trading itself. Conditions are also based on enityt, as EU account offering is different.
The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. Lime Fx offers negative balance protection, which means that if a market slippage results in a negative balance, Lime Fx will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. Using Lime Fx allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with Lime Fx).
- The pay-out process is designed for simplicity and regularity, allowing affiliates to access their earnings easily.
- With Lime Fx, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
- Lime Fx provides fully functional mobile trading apps for MT4, MT5, and Lime FxTrader that are available for both Android and iOS devices.
- With the mobile Lime Fx app, you can manage all accounts without downloading MT4 and MT5 on your phone.
- To make any meaningful profit with this strategy, you need to place multiple intraday trades.
- Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started.
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Another program offered by Lime Fx is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The Lime Fx Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity.
- Lime Fx’s trading environment is best for regular market participants for active traders.
- The broker manages different accounts, which keeps client money apart from operational resources, hence improving security.
- Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence.
- The Status Program demonstrates Lime Fx’s dedication to improving traders’ experiences.
How Competitive Are Lime Fx Fees?
This means that European traders or those clients that are registered with Lime Fx European entity will fall under ESMA regulation Leverage. Furthermore, efficient trade management depends on MT4’s quick order execution, which https://limefx.group/ is absolutely important for active traders. Generally, Lime Fx’s integration of MT4 offers a strong trading solution that combines extensive features with user-friendly usability, so it’s a great fit for several trading approaches.
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Lime Fx provides live quotes and detailed spread information on its website. Lime Fx does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more).
The technology also ensures quick order execution and device synchronization, therefore enabling traders to move between desktop and mobile easily. However, traders may be charged third-party processing fees—which Lime Fx has no influence over. Furthermore, although Lime Fx does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or EUR could have to pay for the conversion.
App support
Opening an account with Lime Fx is a relatively straightforward process. Traders can access MT4, MT5, and Lime FxTrader via web applications directly from their browsers, conveniently skipping the need for software installation. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Currency conversion fees could apply when Indonesian traders deposit and withdraw in IDR to accounts denominated in USD or EUR. The broker does not charge any deposit or withdrawal fees on payment methods available in Indonesia.
Broker Comparison for Range of Markets
Our intuitive platform ensures you can dive right in, regardless of your experience level. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by Lime Fx. Lime Fx, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety. Lime Fx is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes.
Collect gifts for trading with us
Incorporated into the spread, offering cost-effective trading for CFDs. Lime Fx also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in Lime Fx itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues.
The broker provides a variety of account options to accommodate various trading styles. According to the broker’s spreads and conditions, swaps do not apply to major instruments such as EUR/USD, NASDAQ, Bitcoin, etc. Adding an economic calendar improves decision-making by keeping traders updated on important events that may affect their trading strategies. 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 a range of trading opportunitites mostly targeted on Contracts for Difference (CFDs) among several asset classes, however there is no classsic Investment Plans or Opportunitites provided by Lime Fx. Lime Fx also keeps a thorough FAQ section on its website to answer often-asked questions about trading and account management.
