Lime Fx Reviews Read Customer Service Reviews of Lime Fx com

Lime Fx review

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Lime Fx offers a diverse range of instruments, including forex and cryptocurrency pairs, commodities and precious metals, indices, stocks and bonds. Lime Fx Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007. The company is registered and authorised in Saint Vincent and the Grenadines, but has numerous global support offices across Europe, Asia and Africa. Lime Fx serves over 350,000 clients and has picked limefx broker reviews up a number of global forex awards since its establishment. It is always important to verify your account before depositing funds.

Lime Fx review

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Founded in 2007, Lime Fx is limefx scam a global brokerage firm that has established itself as a reputable provider of trading services across a wide range of financial markets.

However, while leverage can magnify profits, it also increases the potential for higher losses. Therefore, it’s crucial for traders to use leverage cautiously and to understand the risks involved. Various trading commissions are charged depending on the account type and the instruments used. The funds will be transferred to the live account if all conditions are met. This review is crafted to serve as a reliable source of information for current and prospective investors seeking detailed data on Lime Fx. We aim to provide you with the necessary knowledge so that you can make informed trading decisions with a complete understanding of the opportunities this broker offers.

They provide flexibility and extensive functionality for both manual and automated trading. The availability of a web version and mobile device applications offers the convenience of trading anytime and anywhere. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lime Fx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00.

Opening an Account

Lime Fx review

But since other support channels are working fine, this is just a minor inconvenience. Live chat, which is the most important support for any trader, is working well, and the personnel seem polite and knowledgeable, quickly answering questions on any topic asked. In today’s review, we will discuss all the necessary details for traders to know before opening an account with Lime Fx and see what they offer. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader.

In order to withdraw money from your account, you will need to verify your account and your payment method. Just log in to the account that you will be using as a payment method and screenshot the account, then send it to Lime Fx support. After this process is done and everything is verified, users will be able to withdraw their funds. Indices track the performance of a group of assets and can be used to analyze the overall performance of the sector or market. Indices like the S&P 500 can provide an overview of the US stock market and tell what the main tendency is. In this regard, they are great assets that provide chances for going short or long on a whole segment of the market.

If you are not interested in trading on your own, consider Lime Fx’ copy trading platform, which allows for passive income by copying the trades of other traders in real-time. A bonus offer from Lime Fx is the transfer of profits from a demo to a real account. You need to undergo identity verification for full-fledged work with a live account. This requirement of financial regulators applies to all legal brokers, including Lime Fx.

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  1. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
  2. I miss a direct line to the finance department, where most issues can arise.
  3. While it is relatively cheap to trade your favorite cryptos on Lime Fx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair.
  4. This high rating confirms that the Lime Fx app excellently combines functionality and ease of use, making it an indispensable tool for mobile trading.
  5. I’m happy to receive email updates, including Trustpilot recommendations, tips, and news.

Other interesting instruments offered include cryptos, metals, ETFs, and two bonds. Yes, Lime Fx offers a demo account, allowing traders to practice and familiarize themselves with the platform without risking real money. It offers a user-friendly platform, and demo accounts to help new traders get started.

Lime Fx fees compared to AvaTrade fees

Besides research from Autochartist, Lime Fx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured Lime Fx research section among the best in the industry in quality and quantity. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.

Everything you find on The Price Trader is based on reliable data and unbiased information. Lime Fx has built a strong client base by focusing on transparency, reliability, and a commitment to delivering quality services. You can click on the Demo button at the top of the broker’s website and fill in your contact details to set up your demo login details. If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank.

Lime Fx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. Despite the offshore regulation, Lime Fx has earned trust among traders for its consistent performance and adherence to fair trading practices.

This step makes sure you have a verified account to be able to withdraw funds easily. Users are required to complete verification before they can deposit funds with Lime Fx. An ID or passport will do the job, and documents should be valid and issued by legit government authorities. After this process, it is recommended to verify the payment method that you are going to use. Just log in to your account on the preferred payment method’s account screenshot and send it to Lime Fx. It allows scalping strategies and offers fast execution and low spreads.

The minimum deposit is the amount you need to deposit into your trading account to start trading with the broker. In Lime Fx, the minimum contributions for different types of accounts vary. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. Lime Fx also has a VIP program, upgrading the Lime Fx trading experience significantly via up to 30% reduction in trading fees and increased cashback. I like the Lime Fx trading fees in the ECN account and multi-tier leverage system. I also like that Lime Fx ensures traders operate from a trustworthy and secure trading environment.

Lime Fx offers Standard and ECN accounts on the MetaTrader 4 and 5 platforms, plus additional tools and copy-trading. There’s also a range of good deposit and withdrawal methods, plus a demo account to suit beginners and experienced traders. The main downside is the offshore regulation, which may not provide adequate protections compared to other brokers.

Negative balance protection exists, meaning traders can never lose more than their deposits. Lime Fx operates under offshore regulation, specifically through the Financial Commission, which offers a compensation fund of up to €20,000 per case for its clients. Nonetheless, the broker is a member of the The Financial Commission, an independent dispute resolution organisation which insures traders’ interests up to €20,000. The broker also offers negative balance protection, which prevents trader accounts from dropping below zero. If you’re trading in the Standard or Fixed account, commissions are included in the spread.

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