Lime Fx extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the Lime FxTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. In https://limefx.vip/ our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us.

Minimum deposit

Overall, Lime Fx has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to Lime Fx receiving a top rating for its deposit and withdrawal procedures. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. Lime Fx doesn’t require a minimum deposit to open an account, a notable point in their favor.

We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. Web and mobile trading platform Lime FxTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one that is right  for you. In addition to the rebate, Lime Fx offers discerning traders a 5% loyalty bonus and reward points equal to 1% of the rebate they receive. The rebate is automatically deposited into the trader’s account weekly, with the option to withdraw at any time based on the available balance.

Account Types

It is MiFID regulated but not publicly traded, and it lacks ASIC and FCA authorization. ForexBrokers.com rates Lime Fx’s trustworthiness as “Average Risk” with a Trust Score of 70. Get insights and exclusive content from the world of business and finance that you can trust, delivered to your inbox. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international Lime Fx entity.

It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform. On desktop, simply right-click on the list of symbols and select the Show All option. On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.

Withdrawals from a live account must be confirmed via email, ensuring that only the account holder can access the account. They also require the same payment information for deposits and withdrawals, preventing unauthorized third-party transfers. Lime Fx is an emerging broker with nearly 10 years of operation, offering a low-cost MetaTrader experience and a social copy-trading platform.

Make trading work for you

Lime Fx affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. Lime Fx offers services through Orinco Capital (Pty) Ltd, primarily limefx scam for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.

One of the standout features of Lime Fx is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of Lime Fx. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading.

Designed to Cater to Both Beginner and Proficient Traders

For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume. The Lime Fx dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing the bonus is a straightforward process and can also be configured automatically.

Lime FxTrader—it’s personal

At Lime Fx, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. MT4 opens with four charts by default, each representing a unique currency pair. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs. Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors.

This means, Lime Fx clients are free to hold as many orders as they wish for as long as they want. Those who follow Islamic financial principles or traders who want to minimize overnight financing expenses will especially benefit from this function. Lime Fx is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes.

  • Lime Fx is an international broker ideal for traders looking to operate under competitive conditions.
  • Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform.
  • Overall, we advise to check conditions based on Lime Fx entity you wish too trade through.
  • Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market.
  • It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.

Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Lime Fx offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols. The differences are the platform and assets options, thats pretty much it. I presonally chose the second option that works with mt5, as the platform is more suitable for me. What is also great, there are no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule varies from one jurisdiction to another.

Lime Fx’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners. To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary. Lime Fx also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk. Easy navigation and fast trade execution made possible by the MetaTrader 4 and MetaTrader 5 platforms improve the trading experience even further. New traders wishing to enter the financial markets find Lime Fx appealing overall since it combines affordability, knowledge, and user-friendly tools.

Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount.

It provides access to a suite of advanced tools and features, making it suitable for both novice and experienced traders. The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities and customization which is fantastic for mobile trading along with full management of your account. Beginning and expert traders can use the Lime Fx web platform because of its easy-to-use interface. It lets customers make rapid and effective trades without unnecessary complexity, therefore supporting complex trading activities.

  • You can choose from a range of available indicators, download a custom indicator, or create your own.
  • 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.
  • However, it’s important to note that Lime Fx doesn’t offer trading in certain instruments like ETFs and stocks.
  • Another program offered by Lime Fx is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards.
  • This function gives pertinent insights in real-time, hence improving decision-making.

Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

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. Designed to appeal to both beginners and advanced traders, the Lime Fx Desktop MetaTrader 4 (MT4) platform is much praised for its reliability and adaptability. The software showed robust charting tools and broad technical analysis capabilities throughout testing, therefore enabling users to personalize their trading environment properly. Starting at 0.6 pip on main currency pairs like EUR/USD for all three account avialable at International trading, the broker offers reasonable spreads. For traders—especially scalpers—this low spread structure is helpful since it lowers the total trading expenses and increases profit possibilities. Lime Fx’s trading environment is best for regular market participants for active traders.