Your Lime Fx demo trading account expires after a certain period of inactivity. Depending on the trading platform you have chosen for the demo account, you have different expiration dates. 8 days for MT4, and 30 days for MT5, therefore if you do not log in within this period, limefx courses scam your demo account will be terminated. In your demo account, you can test your trading strategies, implement different market orders, and get familiar with the indicators and charts before you start trading with real money.
Lime Fx’s low minimum deposit requirements allow everyone to easily trade. Although the minimum varies per jurisdiction, it is relatively a low sum. Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently.
Swap-Free Account Fees
This could include opening an account with Lime Fx Markets Cyprus Ltd, or Uni Fin Invest which is Lime Fx’s Mauritius entity. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS).
How do I deposit USD into Lime Fx?
To login in, your email, password and captcha verification is needed. Going by customers’ review, Lime Fx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. Aside from the products and services already discussed in this review, Lime Fx offers more. In this section, we are going to be looking at these extra products and services. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
What is the minimum deposit for Lime Fx?
Trading cost using the Lime Fx MT4 account is based on the spread, which is floating and it starts from 0.6 pips in the Forex market. If you are trading using this account you might be subject to swap interest, which is charged or paid if you leave any currency trading position open overnight. Trading in this account is recommended for habitual traders or those who want to start trading the easy way. Users of this account enjoy limited access to the main financial instruments that are common and easy to trade. Therefore, even if the broker defaults, the traders’ money is not damaged and the trader can eventually get part or all of their money from bank accounts that are kept separate from the broker.
Lime Fx is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community. In this Lime Fx review, you will discover all the details about this broker. 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.
This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. In this Lime Fx review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
Due to the low minimum deposit, having a free demo account, and a trading academy, it targets all categories of traders. The Exness MetaTrader 5 application is an effective mobile trading solution that opens the financial markets to traders from any location. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week.
You should be expecting to see higher live trading spreads due to the fact that you will experience spread markups plus market spreads. Deposits are instant, with the exception of deposits made using cryptocurrencies that can take up to 30 minutes. Afterward, from the trading platform, you can choose the financial instrument and place the buy/sell market, and limit orders according to your predictions. Lime Fx allows traders to practice as much as they want in demo trading, and one user can open as many demo accounts as they want, there are no limits in this regard. There are 35 currency pairs including major currency pairs, crosses, and exotics. The spread is variable and it changes according to changing market conditions.
Risk Level
Copy and automated trading are only available on the MT5 desktop platform. In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting Lime Fx’s commitment to serving its global client base.
Lime Fx has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, Lime Fx is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
- With Lime Fx another of the measures in place to keep you safe as a trader is negative balance protection.
- TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
- Lime Fx also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk.
- It features attractive charts for all three account types, allowing trading and modifications.
- Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform.
- The Lime Fx floating spread starts from 0.6 pips in trading currencies, while in other financial markets it is usually higher.
- However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero.
Throughout this Lime Fx broker review, we discovered the variety of financial instruments that you can trade with a reasonable spread in each security. The limited trading options and platforms can be a good choice for new traders, and it makes the website simple to navigate and trade. Lime Fx broker trading platforms are based on the trading account, there are only two trading platforms; MetaTrader 4 and MetaTrader 5. Based on the type of account the trader chooses, they can use one of these two versions of the MetaTrader. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
New traders wishing to enter the financial markets find Lime Fx appealing overall since it combines affordability, knowledge, and user-friendly tools. Lime Fx is an international https://limefx.group/ broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, Lime Fx provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues.
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