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MetaTrader5 offers some extra tools for those traders looking to carry out analysis on a more granular scale. The cTrader platform will give you STP access and offers some of the tightest spreads in the market. CTrader is quite sophisticated and allows access to a host of different features.
Markets
This includes an economic calendar, daily analysis posts, as well as trading signals and market insights. Video content is also provided via YouTube, with much of this content archived. This provides a great digital library of webinars that users can take advantage of. There are a maximum of 28 currency pairs, 3 cryptocurrencies, 10 indices, 4 metals, and 2 energy markets. The proprietary cTrader app is easy to use, robust and well set out to assist mobile trade execution.
Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. With Lime Fx being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making Lime Fx a truly low-cost broker by avoiding these fees. One of Lime Fx’s impressive features I found was the no swap fees on all of its accounts.
The company was founded in 2011 by a team of fintech enthusiasts who wanted to make trading accessible for everyone. Their goal was to create an open and welcoming platform for newbies and experienced traders alike. Their website promises trading on low spreads, fast execution, and reliable service.
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The Trustpilot Experience
The range of pop-ups and notifications about system upgrades or services ‘coming soon’ create an atmosphere of a site that is either going places or one that is not quite finished. Please leave your comments at the end of this review to help us improve but more importantly help other traders make informed choices. Spreads are widest on the MT4 Micro account and there are also fewer instruments to trade through this account.
This means that at all times, Lime FxFX must limefx scam know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. If you register to get a demo account on Lime FxFX, you may set out with a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you choose to invest your own money. In general, Lime FxFX does not charge high fees compared to other online brokers.
Copy Trading (Social Trading)
Generally, regulation is the most important and critical point within a forex broker and so it’ll be our first point to discuss within this review. When comparing Lime FxFX to FXTM and Exness, there are a few key factors I looked at to determine which broker might be best for beginner traders. While I may explore owning and storing crypto in the future, right now I’m happy trade CFDs on Lime FxFX and get my feet wet in this exciting new market!
TRUSTED BROKERS & TRADING PLATFORMS
- Its growth has enabled Lime Fx to continue to expand its products and services.
- This value-added feature enables traders to run their automated trading strategies 24 hours a day, seven days a week, without relying on the availability of their devices.
- We have tested communication through Lime FxFX support in multiple languages and in various countries.
- However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line.
- This means that European traders or those clients that are registered with Lime Fx European entity will fall under ESMA regulation Leverage.
As for the international entity it also includes Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done. The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature. This function gives pertinent insights in real-time, hence improving decision-making. The technology also ensures quick order execution and device synchronization, therefore enabling traders to move between desktop and mobile easily. Overall, with our research we find Lime Fx ensures that customer information stays private by using cutting-edge limefx forex brokers reviews encryption technologies to guard financial transactions and sensitive data.
Trading Platforms
Clients are, however, not allowed to withdraw from their accounts unless the account is verified. Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. Most clients with high volume accounts have an adverse opinion about the company. They complain of Lime FxFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, Lime FxFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy. 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.
- The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
- When comparing Lime FxFX to FXTM and Exness, there are a few key factors I looked at to determine which broker might be best for beginner traders.
- Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved.
- Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution.
- On most payment methods, there are no fees for depositing and withdrawing money.
- Most electronic payments, such as Neteller and Skrill, are processed instantly.
- There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies.
A good fit for beginners and seasoned traders alike it has a reputation for being easy to use and reliable. For traders relying on some support throughout their trading journey, finding a good support team will be crucial to your experience. This is quite surprising considering bonuses have been recently made illegal in Europe prompting regulatory bodies including CySec to restrict brokers from offering them. This could mean that the bonuses are only available to traders in particular jurisdictions. Traders will be relieved to know that no fees for withdrawals or deposits are charged by Lime FxFX and fees incurred by its payment processors are covered. This account is run on the MT4 platform and offers the lower minimum deposit amount at just $100.
The platform offers a diverse range of options for portfolio diversification and increased earnings, with over 10,000 Masters. To participate, traders must create an Affiliate Account and use the unique referral link provided to acquire clients. Clients who sign up using the affiliate’s referral link earn commissions based on their trading volume. 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 Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator.
Recognized as a reliable broker as Lime Fx operates for many years, it is fit for most traders, especially International traders since Lime FxFX proposal internationally is much wider and better quality too. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.