Lime Fx Review Pros, Cons & More

Welcome bonuses are available at Lime Fx when you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. Payments typically take up to 24 hours, though wire transfers may take up to five business days. Lime Fx’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.

The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market. As part of its commitment to continuously cater for every type of trader, Lime Fx presents a wide suite of trading platforms to boost your trading experience. Benefit from over 200 tradable instruments from 6 asset classes available on one single platform. Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser. MT4 is one of the most reliable and popular platforms available, and provides essential tools and resources needed for successful online trading performance.

Lime Fx Review

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations.

Explore the safest trading environment with fast execution and no requotes. With over 3 decades of capable reliability, the MetaTrader 4 , also known as MT4, is an online trading platform used by both novice and experienced traders. Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes everything a trader needs to succeed in online forex trading.

For any withdrawal problems, contact customer support on one of the channels described further below. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. Lime Fx is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. Lime Fx might ask for additional information on a case-by-case basis.

Demo Accounts

From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). limefx official site Built-in ability to use EAs (Expert Advisors)le factoring in a suitable risk tolerance and goal timeframe.

Besides its easy usability and installation Windows, it allows you to implement strategies of various complexities. With it, you can benefit from features that other platforms do not provide, follow price variations and speculate on the charts while following the trends to locate your pre-determined trades. Compare the markets and instruments offered by Lime Fx and its competitors.

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. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. With that said, the brokerage does have plans to introduce MT5 in the future. Lime Fx also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator.

The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.

1. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs.
2. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
3. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips.
4. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders.
5. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.

One-Click Trading

Lime Fx was set up in 2010 by a team of finance and software experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. This platform is equipped with front-end terminals and back-office reporting functions.

Multiple account management made easy with the Lime Fx MultiTerminal. This average customer rating is based on 17 Lime Fx customer reviews submitted by our visitors. Security could be bolstered through the use of dual-factor platform authentication.

You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry. The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates. Note, the broker is planning to introduce MetaTrader 5 (MT5) to limefx scammers its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. Processing times depend on the geographic location and the payment processors, which Lime Fx lists as between one and ten business days.

Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading. Just a few days ago I closed excellent buy order on EURUSD currency pair. The trading platform has been very convenient and easy to navigate. I also love how cost-effective this platform is, the broker has beginners in mind.

This may impact how, where and which companies / services we review and write about. 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.

Lime Fx Personal Multi Account Manager (PMAM)

His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. With Lime Fx MultiTerminal, you can manage multiple accounts from one single terminal.