The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
The live chat option on the Lime Fx website is available 24/7 and offers quick assistance. This is ideal for traders who need immediate help with issues related to account management, technical issues, or trading. Lime Fx offers several account types to suit a range of traders, from beginners to professionals. In addition to forex, Lime Fx offers contracts for difference (CFDs) on various commodities like oil, gold, and silver, as well as on global stock indices. This allows traders to diversify their portfolios and trade other asset classes beyond currency pairs. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks.
Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. From among the trading systems known as “Master Traders” to copy on Lime Fx’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends.
CFDs on Commodities and Indices
- Lime Fx withdrawal options are the same Bank wire for all accounts, there is no Credit Cards supported for Cyprus entity.
- Even smaller losses like 10 pips can result in an extremely negative impact on an account, making high leverage unsuitable for all traders.
- Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa.
- The account base currency is that which you trade in with the broker.
For traders relying on some support throughout their trading journey, finding a good support team will be crucial to your experience. But what good is advanced technical analysis without the ability to customize orders? The cTrader platform lets you set stop-losses and scale out at a few different levels.
Assets & Leverage 📂
We performed our tests with a live account, using the MetaTrader 5 and Lime FxTrader platforms, opened with the Lime Fx Saint Lucia entity (Lime Fx Markets Inc.). Some features and services may vary depending on where you reside. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device.
Is Lime Fx a good broker for beginners?
Lime Fx offers trading accounts denominated exclusively in US Dollars (USD). There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. 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.
Lime Fx Deposit and Withdrawal Fees
The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. The Lime FxTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern limefx reviews user that many will enjoy.
And unlike holding coins in a wallet, my crypto CFD trades aren’t at risk from hacking, lost keys or forgotten passwords. Lime FxTrader could be a good choice if you want a modern, user-friendly platform designed specifically for Lime Fx’s trading environment. Now for experts who swear by the industry standard MetaTrader platform, Lime Fx has you covered there too.
Lime Fx Deposits and Withdrawals
While Lime Fx usually confirms withdrawals within 1-2 business days, remember to allow extra time for your bank to process the transaction. Their website says they have more than 21 million trading accounts in 180 countries. They offer 230 CFDs on different things like forex, commodities, indices, and cryptocurrencies. You can use MetaTrader 4, MetaTrader 5, or their own Lime FxTrader to trade. Lime Fx is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts https://limefx.biz/ from more than 180 countries.
The major forex pairs are offered, yes, but almost no emerging markets are. No stocks are offered, only 2 commodity assets, and 2 cryptocurrencies. Some topics include, risk management, trading strategies, and technical and fundamental analysis.
- When testing Lime Fx’s customer support, we found that Lime Fx excels, an aspect of the Forex and CFD trading industry that cannot be overlooked.
- MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever.
- Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs.
- Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app.
Lime Fx’s MT4 platform supports automated trading, expert advisors (EAs), and a range of technical analysis tools, including various charting indicators and timeframes. The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets. STP (Straight-through processing) is basically done through electronic transfers. With cTrader, users can trade directly with prominent banks globally.
$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account – FXOpen
These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. This physical office presence is still quite light compared with other major brokers, but Lime Fx does offer trading worldwide. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation.
New traders might enjoy the firm’s Introduction to the Forex Market as their first read. In addition to this, the customer support team is multilingual, offering support in languages including English, Malay, Indonesian, Thai, Hindi and Urdu. This is quite surprising considering bonuses have been recently made illegal in Europe prompting regulatory bodies including CySec to restrict brokers from offering them. This could mean that the bonuses are only available to traders in particular jurisdictions. Even smaller losses like 10 pips can result in an extremely negative impact on an account, making high leverage unsuitable for all traders. The account type will determine which platform you trade with, as well as the fees charged.