Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. The Lime Fx Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. Lime Fx mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
Advanced analytical tools
Established in 2011 and located in London, Lime Fx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. With an average of $1B trading volume, PrimeXBT is a crypto and CFDs trading platform that processes 170K+ daily trades.
Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of Lime Fx in the area. Until recently, the broker had also been regulated by the FCA, however Lime Fx decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Lime Fx.
- The MT4 Micro account offers 28 currency pairs, gold, and silver for trading.
- After reviewing these features, you will likely find that Lime Fx’s platforms offer the tools necessary for a trading edge.
- It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform.
- Moreover, the support representatives are trained to address both technical and account-related queries effectively.
How long does it take to withdraw money from Lime Fx?
For a comprehensive understanding of Lime Fx, it’s vital to look at its origins. Founded in 2011, this online brokerage has steadily grown to serve clients globally. With a commitment to transparent trading practices, Lime Fx is registered in multiple jurisdictions and aims to provide a reliable platform for traders of all levels. Lime Fx provides various special tools and features that improve the trading experience outside of traditional platforms and typicall tools provided by the research avialable on site. Here are few more additonal features that are available aminly on Intrrnational branch.
Lime Fx Basic Order Types
Overall, the range is suitable for most traders either beginners or tradrs with experience, also we would mark that range of Products vary by the platoform you use also the entity of Lime Fx. Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market. Recognized as a reliable broker as Lime Fx operates for many years, it is fit for most traders, especially International traders since Lime Fx proposal internationally is much wider and better quality too.
Lowest spreads with low commissions
Don’t worry about understanding everything right away – we’ll cover all the important parts in the upcoming sections. If you’ve been asking Google this question, “How to trade on Lime Fx for beginners”, you can stop searching now. This step by step guide is your one-stop-shop for all things Lime Fx trading.
Leverage means using borrowed money to make larger trades than you could with just your own cash. Lime Fx charges different prices depending on which of its offices oversees your account. For instance, its EU office offers slightly better prices for trading EUR/USD, with an average spread of 0.5 pips, compared to 0.9 pips for other offices. It’s important to know that Lime Fx doesn’t mention the time period for its typical prices listed on its website. So, these values aren’t as reliable as prices with a specific date.
Lime Fx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads. Founded in 2011, Lime Fx (formerly Lime Fx) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus). Lime Fx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
Understanding the Regulatory Protections of Your Account
The Lime Fx broker website works just like the desktop platform of MetaTrader 4. Over the years, Lime Fx has seen significant growth and development compared to its earlier offerings. It has participated in various exhibitions and received many international awards. There’s also a large number of active traders registered with the company.
The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. Lime Fx offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Here are a few of the Lime Fx account types you can look forward to trading with once you get started. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers.
- This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage.
- It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia.
- You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission.
Clients who sign up using the affiliate’s referral link earn commissions based on their trading volume. Lime Fx provides dozens of detailed guides in article format on subjects ranging from using moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. Lime Fx also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and copy trading. The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts. The Autochartist plugin for MetaTrader provides real-time trading signals to your terminal, shows chart patterns and trends online, and allows you to receive daily Market Reports via email.
The demo account comes with generous virtual capital and is an invaluable tool for novice and experienced traders seeking mastery of advanced techniques relevant to the industry. Lime Fx provides Emirati traders with a demo account tailored specifically to their requirements. The platform strives for realism by accurately simulating real-world trading situations and providing learning opportunities that closely reflect current market conditions. 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers. Payment methods refers to the various mediums by which users can credit and withdraw from their accounts. Lime Fx offers its users different payment methods to https://limefx.group/ be used either for deposits or withdrawals.
Lime Fx provides a solid copy trading service that promotes a social trading environment. Tailored to cater exclusively to proficient traders from diverse financial backgrounds within the UAE, the MetaTrader 5 account proffers avant-garde trading instruments and exceptional trade conditions. A demo trading competition offered by Lime Fx presents Emirati traders with a secure place to hone their trading strategies and techniques without financial risk. This opportunity enables participants to build expertise while competing in the contest.
Available for Android and iOS smartphones, the Lime Fx MobileTrader app offers a flawless trading experience. The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away.
The demo account helps them boost their trading limefx company reviews confidence before going live. It allows clients to learn and try multiple risk management strategies without any deposit. The Lime Fx Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves.
Overall, I rate Lime Fx as an innovative broker with a client-centric focus. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by Lime Fx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds.
Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, Lime Fx would be a top choice. Now that you’ve signed up, it’s time to pick the right account for you. Incorporated into the spread, offering cost-effective trading for CFDs.