It has many users in countries like Indonesia, India, Malaysia, and Pakistan. It offers services to traders around the world, including those in the European Union, Asia, and the Middle East. The Financial Services Authority (FSA) of Saint Vincent and the Grenadines regulates Lime FxFX. Additionally, the Cyprus Securities and Exchange Commission (CySEC) regulates Lime FxFX. The Lime FxFX Broker claims to offer competitive spreads, fast execution, and a variety of educational resources for traders. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
If you have at least $500 in your Lime FxFX account then you can download and install the Autochartist trading signals plugin for MT4 & MT5. This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them. You can specify what signals you want to receive and the quality level of these signals (based on historical performance). It can literally save you from hours of scanning the charts and it’s great that the broker provides it free of charge. The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets.
MT4 is the complete platform to get started trading online and is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). This is my platform of choice as it was the first that I became accustomed to and I have never felt the need to make the permanent switch to any other. The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks. The account is available on both MT4 and MT5 trading platforms, and comes with market execution.
Here are a few of the Lime FxFX account types you can look forward to trading with once you get started. Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with Lime FxFX. This means that no matter the financial situation of the broker, your funds will always be safe.
The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers.
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. This service is offered worldwide, regardless of whether it is required by the regulators or not. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. MetaTrader 5, and Lime FxTrader giving you a decent choice for personalising the way you can trade with the broker. MetaTrader 5 scalping allows you to turn many small profit opportunities into a big one. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit.
There is color coding to demonstrate the difference in expected values and actual values of the indicators. Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos limefx review and articles which are meant to help beginners find their feat. You can access the broker’s copy trading service by downloading the copytrading app.
MetaTrader 5 (MT5), besides simply offering more than MT4 does, also includes features and trading functionalities that are better than many other online trading platforms available today. With MT5, MetaQuotes Software has increased the number of technical analysis tools available, along with more charting and timeframe options. You can choose from a good selection of payment methods to make deposit and withdrawals. The funding options include wire transfer, credit/debit card, digital wallets and cryptos.
The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals. This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform.
My experience with Lime Fx has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. My experience with Lime Fx’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. Lime Fx has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. Lime Fx has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs.
While some people praise the broker wholeheartedly saying scammed by limefx it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information.