Lime FxFX Review ️ South Africa Edition Updated 2024*
The app also lets you manage any bonuses or contest accounts you have open with Lime Fx. Overall, we liked how user-friendly the app is; its simple design will appeal to beginner traders. Lime Fx does not allow funding to or from third parties like most brokers. All withdrawal requests from a trading account must go to a funding source in the trader’s name. We were impressed to find that Lime Fx offers a good range of funding methods, and deposits and withdrawals are free and fast.
Does Lime FxFX have Research and Education services?
Millions of people worldwide use Android mobile devices and tablets, and Lime FxFX offers its clients access to the MetaTrader 4 platform on these devices. With the Lime FxFX MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Lime FxFX traders to stay on top of their trades and react quickly to changes in the market. With the Lime FxFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Lime FxFX offers traders comprehensive features and tools to enhance their trading performance.
Can you make money with Lime FxFX?
With its powerful features and easy-to-use interface, Autochartist is an essential tool for Lime FxFX traders of all experience levels. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Segregated Accounts 👥
They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. If you are outside the EU, then you will have access to the MT4 Micro account type. Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the Lime FxFX Micro account.
Lime FxFX offers cTrader Premium Charting and Manual Trading Platform
The best part is that most of the content is free of charged and can be viewed on the firm’s website. So, if you’re a beginner, why not give yourself a leg up before going head first into the world of trading? Lastly, anyone looking for an automated trading strategy can utilize the cTrader automate to help you develop custom robots. This has an extensive baak-testing capability with its suite of tools.
Traders looking to deposit into a USD account in EUR will get the closest market rate possible on this pair. Traders will be relieved to know that no fees for withdrawals or deposits are charged by Lime FxFX and fees incurred by its payment processors are covered. Lime FxFX spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. In 2018, Lime FxFX launched a copy-trading feature to entice more traders to the market, helping increase profit and offer different fund management options. In other words, the broker cannot use your money for the purposes of its own operations and if anything happens to the company, your funds would be safe.
Lime Fx (formerly Lime FxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. We also discovered that questions and problems are resolved quickly and effectively, demonstrating professionalism and client service. An important benefit is the bilingual service, which guarantees that traders worldwide—including South Africa—get help in their language.
New traders might enjoy the firm’s Introduction to the Forex Market as their first read. Lime FxFX offers a good range of research tools and content under the Traders Tools section, including market insights, an economic calendar and daily analysis posts not to mention trading signals from AutoChartist. Even smaller losses like 10 pips can result in an extremely negative impact on an account, making high leverage unsuitable for all traders.
Lime FxFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team’s analysts with insights into forex trends and news events, alongside technical analysis. You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish.
- You’ll also have access to a host of risk management features that enable you to diversify our exposure throughout a range of asset classes.
- Simply choose an account, choose the trading application and access it via Lime FxFX Trading App Accounts.
- As part of our Lime FxFX review, we review customer service options, response times and problem resolution effectiveness on the Lime FxFX trading platform.
Andrew has a well-established career in fintech and came up with comparebrokers.co to maketrading on financial markets more transparent and accessible. Traders https://limefx.name/ are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Copy trading is a way to make trading more accessible by copying trade positions. Moreover, you do not need trading experience for copy trading, so even novice traders can participate without incurring losses and risks. Trading with a reliable broker is important for traders to be shielded from potential risks and challenges. Lime FxFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards. We review Trading212, an online platform prides itself in Its variety of features, including a wide range of assets to trade and a user-friendly interface covering its reliability, regulation and fees. Other traders’ positions can be copied automatically or modified.
Lime FxFX provides twenty-eight currency pairs, 3 cryptocurrency CFDs, and CFDs on 4 metals, 2 energies, ten of the most popular indices, adding to 47 instruments in total. 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.
Evaluation includes researching the Lime FxFX management team, track record, and services. Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Lime FxFX.Choosing or shortlisting a trading platform like Lime FxFX can be time consuming. In addition to this, limefx review the customer support team is multilingual, offering support in languages including English, Malay, Indonesian, Thai, Hindi and Urdu. Lime FxFX’s customer support is available 24 hours a day, 5 days a week. They can be reached on live chat for some quick-fire questions, or more complex questions can be sent to the phone or email team.
Lime FxFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Lime FxFX terms and conditions to understand the commission fees and any other charges that may apply is essential. Depositing funds with Lime FxFX ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Lime FxFX were to go out of business unexpectedly. When considering Lime FxFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Lime FxFX, is to assess the broker’s regulatory status and administrative body.
Our research shows that cheap spreads and various account types demonstrate Lime Fx’s dedication to providing flexible trading conditions. In our experience, Lime Fx is a commendable Forex trading platform, especially for its adaptability to both beginner and experienced traders. Our research has shown that Lime Fx’s emphasis on technological innovation greatly improves the trading experience, as evidenced by the smooth functioning of its trading platforms.
