Lime Fx: Trade & Invest Apps on Google Play

With this particular broker it’s important to think about high leverage. While this is a positive aspect, it can work in the opposite direction too. Lime Fx has been on the market since 2007 and that should give some peace of mind. However, it does have an offshore regulator, which many users state makes them less than reassured. Despite that, this broker is a member of the Financial Commission, offering protection from there.

• Lime Fx offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading.
• There are no guarantees or specific guidelines to prevent losses.
• The first option is ideal for beginner traders, yet many experienced traders also enjoy its features.
• Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
• Trading with a regulated broker will limit the potential for fraud and malpractice.

Markets & instruments

Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen. Lime Fx offers a swap-free Islamic account that adheres to the principles of Sharia law. The table below breaks down the main features of each account type. Overall, I judged that there is room for improvement in transparency. The Lime Fx LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.

Copy Trade and Investment Options

It also maintains a Telegram signal service and explains its trades well. I rate the well-structured Lime Fx research section among the best in the industry in quality and quantity. Lime Fx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. A competitive ECN limefx reviews trading environment with audited and verified order execution.

Top 5 Successful Copy Trading Strategies for December

Lime Fx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of Lime Fx are listed in the website’s footer, with details such as registration and license numbers. In our tests for the Trust category, we also evaluate factors relating to stability and transparency.

Limited Availability in Some Countries

Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Lime Fx may ask for additional information on a case-by-case basis. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%.

What are the live account types available on Lime Fx?

• By the end of this Lime Fx review, it will be easy to make an informed choice.
• EToro is a highly regarded broker with top-tier regulation and many features.
• Copy trading is another notable feature to mention, and several platforms to choose from.
• Once the account is verified, simply deposit some money via bank transfer, card, or e-wallet.
• Lime Fx has four trading accounts designed for amateurs and professional traders.
• We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app.

My email inquiries were answered almost immediately, and the live chat support was reliable. Lime Fx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. Spreads and swap fees are clearly detailed in the Trading Instruments section of the website.

Open a Standard account

This is an important feature as it means a potentially profitable trade will never be missed. High speeds are consistent across all account types and platforms, including the Lime Fx app. The next option is a Fixed account which is a good choice for traders who want to pay a fixed amount per trade. It is also a good choice for position trading and has many similarities with the Standard account. However, this account has fixed spreads and offers 28 forex trading instruments instead of the full 44. Competitive trading limefx forex brokers reviews conditions are available via the ECN account type, allowing active traders to keep costs to a minimum.

Lime Fx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. Still, the overall approach to customer support remains excellent. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. The final advantage we identified in this Lime Fx review is fast order execution.