Lime Fx Broker Review: Are They Worthy?

Lime Fx is a regulated broker operating underthe Seychelles Financial Services Authority and offering a wide range oftrading instruments, including forex, futures, commodities, shares, andindices. The platform provides traders with an intuitive experience andadvanced features, such as one-click trading and a range of technicalindicators. Lime Fx also offers educational materials, multilingual customersupport, and four types of trading accounts.

Even though future markets are leveraged, traders should bear in mind that they will not only get greater exposure to the market but will also be more susceptible to its negative movements. Clients of Lime Fx are offered instantaneous access to indicators and advanced charting and trade futures with CFDs either through MetaTrader4 or WebMetaTrader. Customers of Lime Fx can trade CFDs on global spot indices such as the German DAX or Aussie 200.

This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. The cost of using this broker is very reasonable and affordable… especially for someone who makes a lot of money, it’s a good deal in the long run. Such a dubious company own by scammers who live off people hard-earned money.

1. Hi Paul Turner,We’re sorry to hear about your experience, and we take such matters seriously.
2. Many of us now are joined up via official and unofficial channels to chase them down.
3. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.
4. Brokers operate multiple entities because it allows them to serve clients worldwide.

However,clients might need to pay third-party charges for using certain paymentmethods. Forex traders can trust Lime Fx’s platform forsafe and secure trading. I appreciated Lime Fx for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective.

Cent accounts might be better suited for total novices, and they have a lot in common with live accounts. The most obvious difference, however, is that dollars are denominated in cents. Thus, if we suppose that traders add $100 to their accounts, this amount will be converted into 10,000 cents. As you limefx might expect, USC is the only currency you will be allowed to use if you settle on this account type. The base currencies in which traders can register their accounts are not that many as they can only go for USD, EUR, and GBP. An important thing to note is the range of currencies traders will be given access to will differ depending on the account type they will settle on.

How long does it take to withdraw money from a Lime Fx account?

Lime Fx allows its clients to participate in the $6.6 trillion-a-day FX market using the leading MetaTrader4 trading platform. Trading orders are also beneficial for traderswho are looking to diversify their portfolios. With the help of these orders,they can also manage their trading activities better and maximise theirprofits. With the help of the Lime Fx platform, thesetraders can make informed decisions when trading stocks. As the prices of these commodities can beaffected by factors like supply and demand, political unrest, etc., traders cantake advantage of this volatility and make profits while trading thesecommodities.

MetaTrader 4

Since traders will speculate on the price movements of these precious metals with CFDs, they will not take physical delivery of the underlying asset. Overall, Lime Fx is a reliable broker thatprovides traders with an enjoyable experience. Whether you’re a forex trader orother financial instrument trader, this broker can offer you the necessarytools to make informed decisions and succeed in your trading activities. The MT4 platform is available in differentversions, such as the desktop version and the mobile app. Traders can also usethe platform’s web version to access the markets from any computer with aninternet connection.

Lime Fx’s Desktop MetaTrader 4 Platform

Lime Fx also offers a range of advancedtrading orders, such as limit orders, stop losses and take profits. Theseorders allow traders to control their risk better and also take advantage ofmarket volatility. The app also provides market sentiment data,which helps traders better understand the markets and take advantage of marketvolatility.

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where Lime Fx’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. MT4’s app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult.

stay away from this company

The only time the broker may charge a $55 handling fee is for withdrawals below $300. Lime Fx’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

For example, if a forex trader has $250 in their account,they can take a position worth up to $250,000 with the help of leverage. The platform also provides comprehensive toolsfor stock trading. Traders can view the fundamental data and analyse the sharesusing technical indicators. With the help of these tools, traders can selecttheir desired stocks and create suitable trading strategies. The Lime Fx platform also offers a detailedcharting package, helping traders to make better trading decisions. With a deepliquidity pool in futures trading, traders can take large positions withoutworrying about slippage.

People who looked at this company also looked at

Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. I have compiled the table below to limefx broker reviews help you better understand the difference between the trading fees on Lime Fx’s several account types.

It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

Clients of the brokerage firm will benefit from flexible leverage and competitive spreads across the entire commodity range. With spreads from 3 points, traders can easily keep their costs on the lower edge of the spectrum. CFDs allow traders to go long and short, meaning that they can make a profit when the commodity falls or rises in value. These indicators provide traders with insightsinto the markets and help them identify profitable trading opportunities. Withthe help of these indicators, traders can make informed decisions when trading.

The brokerage firm ensures that its clients get the best prices while trading forex as they are offered fixed and flexible spreads that start from 1 pip. Traders who create an account at Lime Fx are given access to 80 currency pairs, and counting, including some of the most commonly traded pairs like GBP/USD, EUR/USD, and USD/JPY. Moreover, the platform also offers advancedcharting tools that allow traders to easily perform technical analysis. Traderscan also modify their trading strategies according to market conditions inreal-time. The minimum deposit requirement is $50; basecurrencies are EUR, USD, or GBP.