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The sentiment indicator uses data from the Lime Fx client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. Lime Fx offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading.
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The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. Account verification is mandatory at Lime Fx, as it complies with global AML/KYC requirements.
For that reason, it appeals to experienced traders in particular. Additionally, traders who are comfortable with high risk will enjoy the leverage amounts. However, due to the lack of top-tier regulation and educational resources, new or conservative traders may not enjoy this broker.
Choose your type of account
Lime Fx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that Lime Fx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. To create this Lime Fx review, we needed a set of strong criteria to measure it against. To that aim, we came up with several elements that deserve attention. These include regulation, trading conditions, assets, trading platforms, customer support, educational resources, withdrawals and deposits, and user reviews.
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Commissions And Spreads
The Lime Fx app makes it easy to trade on the go, so a profitable opportunity never needs to be missed. Many users mention that Lime Fx has no hidden fees, and that’s another advantage to this broker. However, it’s important to weigh up the pros against the cons before making a final decision.
How do I withdraw money from Lime Fx?
Spreads starting from 0 pips, +500 tradable assets, and compensation funds of up to 20,000 EUR per trade claim are some of the features in Lime Fx. Simply click the “open account” button and follow the on-screen instructions. There is a registration form that requires some personal information and you’ll need to verify your identity. This is a standard procedure and you will be asked for some documents as proof of who you are.
- All trading instruments are available with this account, along with negative balance protection.
- Lime Fx could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees.
- Lime Fx earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist.
- The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors.
- They also offer an Islamic account option for traders who adhere to Islamic rules on trading.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- They particularly highlight the range of accounts on offer, which cater to all users.
Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. This means less protection compared to brokers that are limefx reviews regulated by top-tier entities.
Download MetaTrader 5 to enjoy trading opportunities:
- This account works with USD and EUR and has negative balance protection.
- The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
- In our trust category, we place the most importance on how a broker is regulated.
- I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience.
- We also have many guides for trading, such as counter trading strategies in forex.
There is no use in rushing the process as it will only lead toward the wrong decision. Time and effort is key, and reading reviews and comparisons is a positive first step. However, some users mention slow withdrawals on occasion, although it isn’t a constant problem. Offshore regulation is also mentioned occasionally, which makes some users a little nervous. Despite that, Lime Fx does offer some resources, albeit limited. There are occasional webinars but these don’t focus on the basics of learning new trading skills.
Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Yes, the broker is regulated by several authorities, including MISA, FSA, FSC, and is a member of the Financial Commission. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. Overall, AMarket is a reliable choice and despite its limited limefx company reviews reach in terms of territories, it does have many happy customers.
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. Yes, it provides demo accounts for traders to practice risk-free. Lime Fx offer competitively priced trading, with minimum deposits starting at $100 for the Standard account. While Lime Fx has many happy customers, there are almost as many giving mixed reviews.
It has a range of top quality platforms and tradable instruments on offer. Additionally, this broker offers several unique features, such as TradingView, a financial visualization platform. Industry experts agree that Lime Fx are a strong choice, with competitive trading conditions. They particularly highlight the range of accounts on offer, which cater to all users. However, they do mention that high leverages are positive, yet users should be cautious to avoid large losses.
Furthermore, the broker offers several bonuses, including Double Deposit, Broker Switch, Risk-free Trading, and Cashback. Also, a proprietary platform is available in addition to MT4 & MT5. Lime Fx, a financial market broker since 2007 and regulated by the FSA in Saint Vincent and the Grenadines, is chosen by more than 2 million clients worldwide. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.