All BrokerNotes content is researched, fact-checked, and edited by the research team. In terms of mobile charting indicators and studies Lime Fx has 30, compared to the industry average of 49. Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions.
Popular Forex Reviews
- Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
- Lime Fx gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more.
- I would say that if you are looking specifically for a copy trading platform, then eToro are the industry leaders when it comes to social trading platforms.
- Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications.
- Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity.
- This may impact how, where and which companies / services we review and write about.
For a more profound insight into our evaluation process and unwavering commitment to precision, we invite you to explore our “Why Trust Us” and “How We Conduct Reviews” sections. Our goal is to furnish traders with precise and trustworthy reviews of Lime Fx, providing them with the necessary insights to make well-informed decisions. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Overall, Lime Fx ranks #52 out of the 62 brokers that have been evaluated and scored within our investment types category.
Islamic Account Brokers
Lime Fx charges a fixed $50 as an inactivity fee from the accounts that have been inactive for 90 or more days. Yes, Lime Fx is regulated by reputable financial authorities including CySEC, the FSC of Mauritius, and previously the FCA of the UK. While not publicly traded or running a bank, Lime Fx is still considered High Risk due to recent regulatory challenges like the FCA license lapse, affecting its Trust Score. These factors underscore the importance of understanding the regulatory landscape and its impact on investor security.
How to Open an Lime Fx Account – A Step-by-Step Guide
Lime Fx’s blog content is curated by Lime Fx’s in-house analysts and is updated frequently. The blog content is a mixture of educational materials, explaining concepts such as technical and fundamental analysis, and also provides an overview of the markets. On the whole, other than the video material, blog content, and one downloadable e-book, Lime Fx’s educational materials lack depth and provide only a sweeping overview of the basics of forex trading. Overall, Lime Fx’s tools are severely limited and its VPS service requires a high minimum deposit.
Trading Central
Lime Fx provides traders 83 currency pairs (e.g., EUR/USD) compared to IC Markets’s 61 available pairs. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading.
MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading. The minimum deposit at Lime Fx is $50 for most accounts, except for the Zero Spread option, which requires $500.
We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. Yes; in case you were wondering, 77% of the brokers reviewed on BrokerNotes.co offer copy trading. To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading. Here’s how Lime Fx fares in providing clients with the most common types of educational content. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities. A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Trading conditions at Lime Fx are generally poor, with high minimum deposit requirements on most account options and high trading costs across all seven accounts. Spreads average 2.2 pips (EUR/USD) on its entry-level account, which requires a minimum deposit of 50USD.
Lime Fx is authorized and regulated by the Financial Sector Conduct Authority (FSCA). With a long history of responsible behaviour, some of the strongest international regulation, we consider Lime Fx to be a safe broker to trade with. Contact customer service via one of the channels listed below if you have any issues with your withdrawal.
Lime Fx is authorized by one Tier-1 regulator, providing a level of regulatory compliance. The firm operates under EU regulations through the MiFID limefx scammers passporting system, enhancing investor protection. If you are looking to trade non-CFD stocks (and own the underlying asset or stock), then No.
Lime Fx requires a minimum deposit of $50 before you can open an account and start trading. Live economic news, current rates, analysis, and economic calendar data are delivered directly into your trading platform to help you plan your trading day and uncover the most profitable opportunities. Lime Fx’s non-trading fees are high compared to other brokers, including expensive withdrawals. A drawback for beginner traders considering Lime Fx is the lack of educational and market analysis materials available, forcing traders to self-educate with other third-party platforms.
Along with trade on spot metals and spot energy commodities, it also gives its clients the opportunity to trade commodity futures. Futures contracts allow traders to make a profit from the price margin https://limefx.club/ before the closing date determined in the contract. CFDs on commodity futures are extremely flexible and convenient for traders compared to trading and owning the physical commodities themselves.