Category: Forex Trading

That said, the firm is not publicly trading and does not operate a bank. Therefore, we encourage anyone considering Lime FxFX to do your own additional research to determine whether you are happy with the standards offered. In addition to the above mentioned, Lime FxFX uses segregated funds to protect clients money. This is a key requirement to look for in a broker because it means that your funds will be kept separately to the brokers.

Best Forex Broker 2023

Lime Fx also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in Lime Fx itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead.

• This section of this Lime FxFX review will break down the details of the account types offered and the features of each of them and to which type of traders is each account directed or most suitable.
• Lime FxFX is a secure trading platform with competitive spreads and no hidden fees.
• Lime FxFX’s glossary shows pages of terms and their explanations all laid out in alphabetical order.
• I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade.
• The trading interface of the mobile app is quite basic, yet it is functional.
• 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan.

Lime FxFX Bonus Offers and Promotions

They offer both MT4 and the newer MT5 for desktop and mobile. First, they are properly licensed and regulated in their home country of Saint Lucia. This means they adhere to strict laws and oversight designed to protect traders. Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry. But in its short life, Lime FxFX has already made quite a name for itself. Bitcoin is also available as another way with fast execution time.

Lime FxFX offers different types of accounts:

Therefore, the market started to price in that outcome limefx forex brokers reviews well in advance and the dollar began its ascent one month before the election’, says Kar Yong Ang, a financial market analyst at Lime Fx Broker. Trading psychology separates up to 90% of unprofitable traders from profitable ones. Browse the latest of 70+ trading industry awards we have received for our excellent service.

How much are Trading Fees with Lime FxFX?

However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop.

The broker claims to process all withdrawal requests received within 1-3 hours. Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. Payment methods limefx forex broker refers to the various mediums by which users can credit and withdraw from their accounts.

Can I trade on Lime FxFX using a mobile device?

• I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI.
• This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission (CySec).
• They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
• The CySEC requires brokers to keep client funds securely segregated, maintain sufficient capital, submit regular financial reporting, process withdrawals timely, and follow ethical trading practices.
• Through this Lime FxFX review 2024 we’ll have a look at major points to be covered about the broker, Is Lime FxFX a scam or legit?
• This section holds some introductory articles to forex trading that are most suitable for traders at a beginner to intermediate level.

Founded in 2011 and taking advantage of being something of a second-generation broker, Lime FxFX provides a user-friendly and distinctive approach to trading the financial markets. Incorporated in St. Vincent and the Grenadines but operating primarily out of Jakarta it has developed a strong client base in the Asia-Pacific region. Lime FxFX does, however, cover the global markets, serves customers in over 100 countries and also has offices in Spain, Cyprus and Malaysia. Firstly, the broker doesn’t offer the best range of asset coverage. The major forex pairs are offered, yes, but almost no emerging markets are. No stocks are offered, only 2 commodity assets, and 2 cryptocurrencies.