Lime Fx integrates MetaTrader 4, which offers one-click trading but has a minimum timeframe of 1 minute. Additionally, the broker does not provide Virtual Private Server (VPS) hosting for low-latency trading and charges average-to-high spreads on popular instruments. Although the company is regulated by an offshore regulator, it offers unprofitable trading conditions, e.g., high leverage. Most other features are unavailable, and educational materials are of poor quality. Information about trading commissions and dealer fees is not available on the main page of the site.
How do I deposit/withdraw money into/from a Lime Fx account?
Blatantly lied to me said I could have my money at any time it’s my money and no nothing I’ve got nothing. The confusion started with accounts, selection is there but no info on min, deposits and other conditions and differences between them. Next thing I didn’t like much is mt4, I consider this an old platform. Had to reach out to support to clear the confusion about the accounts, and credit where credit is due, customer service was ok. The broker offers traders actionable trading ideas and in-depth market overviews.
However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capability too rigid and less effective. As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis. My live testing indicates that Lime Fx’s swaps are average to high compared to the industry benchmark. I reviewed Lime Fx’s legal documents and found everything to be in order.
- Essentially, the broker lends the trader money so that they can open bigger positions.
- ✨ We are always working to improve our customer service, and we’re glad to hear that you’ve had such a great experience with us.Lime Fx ⚡️Empowering traders.
- Additionally, various penalties and restrictions are imposed on the website, which will be discussed in the next section.
- Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
- He earned a Bachelor’s degree in Economics and International Relations.
- The interface of the terminal is simple, with limited features offered.
The values listed below are for one full base currency contract (100,000 units). Lime Fx operates a single entity – Tradeco Limited – which is licensed and regulated in Seychelles by the Financial Services Authority (FSA). It guarantees the segregation of client funds and negative balance protection. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
- The broker also offers its TradeCopier service for copy trading.
- Lime Fx offers three retail trading accounts with a minimum deposit of $50.
- Lime Fx operates a single entity – Tradeco Limited – which is licensed and regulated in Seychelles by the Financial Services Authority (FSA).
- The broker offers traders actionable trading ideas and in-depth market overviews.
I thought I withdraw my deposit and just thought that’s what they do. They just take your money and don’t respond to any like Calls or messages. I’ve requested my withdraw my money lots of occasions and I checked my trading account. I just looked at it now it’s got £2.22 when I requested my £500 it was up to £500 so give me five but no, they didn’t . For me £250 is a lot of money and the stress and I have a heart condition and the stress of trying to get my money back nearly sent me to hospital don’t use Lime Fx..
Overview of Available Trading Instruments
Hello Bertran Greguar,We are so grateful that you took the time to write this excellent review! Dear users,This review was not submitted by a verified client of Lime Fx and seems to be an attempt to damage our reputation. Trustpilot is a trusted platform, and we believe in the importance of honest and accurate reviews.Kind regards,Lime Fx ⚡️Empowering traders. Lime Fx clients can trade with WebTrader, TradeCopier, and MetaTrader 4. The official website and personal account section contain links to download programs. However, the full-featured mobile version is only partially supported.
Lime Fx offers a blend of market research developed in-house and incorporated from third-party providers. The broker offers the Trading Central package, which includes an intuitive economic calendar, featured trading ideas, and the Market Buzz feature. Lime Fx also publishes market breakdowns on its YouTube channel. Lime Fx accepts payments via bank wire, credit and debit cards, e-wire, and cryptocurrencies. It does not impose a handling fee for deposits and withdrawals, though third-party payments may apply.
It also provides quality research and educational content, catering to the needs of beginners and seasoned traders. Examining the web version of the platform reveals several weaknesses. The interface of the terminal is simple, with limited features offered. Liquidity issues are obvious and are directly related to leverage and financial losses incurred by clients. Stability in the terminal is poor, and there are significant delays in order execution.
Lime Fx does not accept as clients residents of the United States, Cuba, Iran, Sudan, Syria, North Korea, or any jurisdiction where trading with leveraged products is prohibited by law. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT4. MetaTrader 4 is a good option for fast and simple order execution.
Scam company
The Client Agreement is readily available, and all relevant information is presented clearly. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing 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 spreads and price they show publicly on the website is mostly accurate. On my account currently aud/usd I trade is just below 2 pips, and thats because I’m on premium. Pretty decent spreads, and I appreciate that they dont try to hide them, and show the correct ones, publicly. We’re glad to hear that you had a positive experience with limefx our withdrawal process.
When funding your account, a service fee is charged, which is 10% of the deposit amount and has a maximum amount of $200. There is also an inactivity fee of $50 if the account is not used for one year, which will result in it being closed and the balance being written off. Hi A Muro,Thanks for taking the time to share with us your feedback!
Our goal is to make every aspect of your trading experience as seamless as possible, and we’re glad to have exceeded your expectations. Hi Atef Al-Fergani,We really appreciate you sharing your Lime Fx experience with us! ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. I found the materials to be well-structured and highly detailed, exploring fundamental trading concepts from multiple perspectives. This layered approach provides learners with a comprehensive and well-rounded understanding of essential trading principles.
Lime Fx has a $50 minimum deposit requirement and provides plenty of educational and research content. limefx broker reviews However, our tests showed that it charges above-average trading spreads. Lime Fx supports MetaTrader 4’s standard suite and offers various copy trading solutions.
Nice overall trading service with some improvements needed in variety. Luth Wrens helped me overcome my withdrawal problem, and I’m very thankful for their service. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. The Lime Fx administration has a vague company description on the “About Us” page. As is common with spurious intermediaries, the text contains general claims of honesty, reliability, safety, and profitable partnerships.
In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.
