Moreover, Lime FxFX regularly offers a 50% credit bonus on every deposit, with occasional event-based boosts up to 100%. Lime FxFX is a globally accessible platform with a user-friendly interface, zero commission on most trades, and support for multiple asset classes. So, if your priorities fit into any of its offerings, Lime FxFX could be your match. When it comes to account types and minimum deposits, Lime FxFX wins again in my opinion. You can open a Micro Account with just a limefx forex brokers reviews $100 deposit with Lime FxFX. Exness has a higher minimum deposit of $200, while FXTM requires a bigger investment of $500 minimum to open an account.
- However, when we performed the same operation for the same MT4 account from the Lime Fx app, we found that this partial closing was allowed.
- Lime Fx is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments.
- Clients are provided with peace of mind through a robust regulatory standing.
- So, if your priorities fit into any of its offerings, Lime FxFX could be your match.
- Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
If you are trading from outside the EU, the minimum deposit will be $25 with the Lime FxFX Micro account. One of the best choices for your first steps as a forex trader with Lime FxFX is an MT4 Micro Account. This is an ideal account for beginners and smaller investments. The minimum deposit on this type of account starts from only $25. With Lime FxFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account.
Lime FxFX MT4 Micro Account
Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss. Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature.
Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
Lime FxFX Metatrader Mobile Application Features
Lime Fx uses a zero-commission, no-fee model that appeals to traders wanting simplicity and transparency. Its spreads start at 0.6 pips, and without hidden charges, it offers an affordable way to trade various markets while maintaining strong performance and flexibility. Lime Fx delivers a transparent fee model with zero commissions on trades, no deposit or withdrawal charges, and competitive floating spreads starting from 0.6 pips. This structure enables traders to focus purely on market performance without worrying about hidden costs.
The availability of two trading platforms – Lime FxTrader and MT5 – caters to diverse needs, while the inclusion of swap-free Islamic accounts and demo accounts highlights the broker’s commitment to inclusivity. Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities. To trade on the Lime FxFX system, users will need to sign up for an account.
These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Unlike most brokers, Lime FxFX does not charge any kind of inactivity fee. Here are some of the spreads we found on the most commonly traded assets with Lime FxFX as an example.
To be successful in online trading you need to go through many steps like practice, time, patience, and much more. Lime FxFX gives you some of these opportunities so that you can deal with or defeat the market. The broker transmits clear-sighted market knowledge while maintaining the specific skills required to make money online, which will give you a much higher balance of profits from losses. You can trade through Lime Fx with any of the 3 trading platforms that the broker offers.
Lime Fx’s flagship Lime FxTrader platform combines sleek, high-definition charts with built-in market research. It’s packed with AI-powered insights and educational webinars, and also comes in a mobile version for trading on the go. Lime Fx also supports the popular MT4 and MT5 platforms, both of which are ideal for algorithmic trading. It has several entities around the world and provides services by industry standards.
Binance also offers DeFi tools, launchpad access, and savings products – far beyond the scope of what Lime FxFX currently provides. Based on my experience, this account registration process is simple and clean. However, if you encounter issues or have questions at any point, just click the Chat button in the lower-left corner to access the help desk or contact Lime FxFX’s customer support team directly. One of the most frequently praised aspects in user Lime FxFX reviews is its customer support. Traders often highlight the team’s reliability, professionalism, and prompt response times, especially during time-sensitive situations such as delayed withdrawals or technical issues.
If you need an Lime FxFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of Lime FxFX in the area. Until recently, the broker had also been regulated by the FCA, however Lime FxFX decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. When it comes to regulations, Lime FxFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. Due to that, we highly recommend Lime FxFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind.
However, these pricing structures often come with other costs, such as high inactivity fees. We didn’t give Lime Fx a high score for customer service for one simple reason. Their customer support team is available through live chat, email, and social media. However, some people prefer actually speaking to someone when they have a problem, and Lime Fx makes this difficult. Keeping it simple allows them to appeal to a range of clients, from trading novices to experts.
Lime FxFX also doesn’t charge any commissions, while FXTM and Exness both charge a small commission fee per trade on top of spreads. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or limefx broker reviews a “Master Trader” where others will copy you and you will earn a commission.
- Many traders report slow or delayed withdrawals, sudden leverage reductions, and execution issues such as slippage or account freezes.
- It is a percentage of the total value of the contract and is charged on both buy and sell trades.
- This makes the onboarding experience more intuitive for non-English speakers, making users feel more connected and understood.
- For traders trying to cut non-trading costs, Lime Fx’s attitude to extra fees stresses affordability and openness, which appeals.
- If you need an Lime FxFX Islamic account, then these are also available.
To access those, a trader’s account must be funded with at least $10,000. Automated trading is available on MT4 and MT5 via Expert Advisors (EAs). Both platforms are also integrated with built-in strategy testers. On the other hand, Lime Fx does not provide Virtual Private Server (VPS) hosting for low-latency trading or Cent accounts for algo testing. Lime Fx Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.
Its library is packed with webinars, videos, articles, and courses covering everything from technical and fundamental analysis to trading psychology and risk management. Compared to the industry average, Lime Fx offers a low number of indices, an average amount of currency pairs, commodities, and share CFDs, and a high number of cryptocurrencies. Traders can engage with 273 CFD instruments and 100+ US stocks for value investing.