These are, EUR within the EU, and both EUR, and USD for traders outside the EU. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry.
These additions encompass an increased range of technical tools, extended timeframes, graphical objects, and the highly useful economic calendar. Whether traders are using desktop computers, web browsers, or mobile devices, MT4 ensures accessibility at all times. Follow the account closure procedure provided by the customer support team and ensure that you confirm that the account is no longer active. The absence of overnight fees is a standout feature of the Lime Fx Islamic Account.
Finally, press the “Trade” button, log in with your trading password, and you can begin trading Forex on the MetaTrader 5 platform. The base account currencies made available to Malaysian Traders include the Euro and the United States Dollar. Once you have registered as an affiliate, you can access various marketing materials through the Lime Fx affiliate dashboard. You can learn more about how this broker performs with our FXOpen review. Bitcoin and cryptocurrencies can be traded on Lime Fx but not bought outrightly.
Lime Fx provides competitive currency conversion rates, ensuring that international traders incur minimal costs. Traders utilizing the MT4, MT5, and Lime FxTrader platforms are eligible for rebates ranging from $4.80 to $8 per lot under this unique program. Remarkably, these rebates are applicable regardless of whether traders generated profits or losses during their trades, which makes it all the more alluring. The Lime Fx mobile app provides access to various educational materials and research tools. It is important limefx broker reviews to note that Lime Fx does not charge commissions or any hidden fees for making deposits. However, some service providers may charge operational costs, so you must check with your chosen banks or payment providers to learn more about the applicable fees.
Lime Fx stands out with several unique features designed to enhance the trading experience and provide insights into market trends. Lime Fx requires a minimum deposit of only $25, lowering the entry barrier for many traders. The market news is updated hourly and helps to stay updated on market trends. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well.
Lime Fx offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. With versatile accounts and a hassle-free setup process, Lime Fx offers an inclusive trading environment suitable for traders worldwide. While there are definite advantages to Lime Fx’s high-leverage options, there are also some drawbacks.
Lime Fx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. Lime Fx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based Lime FxTrader platform is a beginner-friendly and convenient alternative.
It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks. The account is available on both MT4 and MT5 trading platforms, and comes with market execution.
Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. Lime Fx works on a spread-only basis; hence, separate commissions for trading are not paid. The spreads include trading-related charges, therefore simplifying the fee structure and enabling traders to grasp their expenses better. Lime Fx has made significant progress in a relatively short period of time. Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards.
The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. However, this should not detract from what Lime Fx is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards. The education section on the Lime Fx website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.
While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the https://limefx.group/ broker for withdrawal problems and bad trading experience. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams. The custom-built Lime Fx mobile trading app features a simple yet functional user interface. The respective app versions are downloadable from the Google Play Store or App Store for Android and iOS-based mobile phones. Lime FxTrader offers a fine array of charting tools to allow for a smooth desktop trading experience.
Lime Fx scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best.
I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
Customer service at Lime Fx is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with Lime Fx. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. These are two offshore regulators that allow Lime Fx to provide secure financial services in 180 countries.
These extra funds can be used for trading, enabling traders to strengthen their positions and strategies. Finally, Lime Fx demonstrates its commitment to excellent client interaction by expanding its customer service capabilities with an interactive online chat system. This tool connects traders with nimble representatives who respond quickly to questions and expertly handle any technical challenges encountered during trading. Through this updated Lime Fx review 2024, I explained the deposit and withdrawal options don’t seem to be sufficient considering the wide variety of options available with other brokers. The broker used to be regulated by one of the best regulators yet they lost it and now their regulation is under review.