This diverse portfolio makes it a popular choice among retail and professional traders alike. They can also benefit from Lime Fx’s robust market research, layered educational content, and user-friendly trading platform. On the other hand, the broker charges elevated spreads on instruments from certain asset classes, including crude oil and indices. Lime FxFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders.
After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with Lime Fx). The request was completed in under a minute and did not require sending an email or notifying customer service. During certain events, Lime Fx offers a bonus where you can claim up to a 100% deposit bonus.
Deposit Bonus
Lime Fx has also carved a reputation for itself as a broker that offers swap-free trading for all available instruments and at no extra cost. A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form. The main difference between demat and trading accounts is that the former is just a repository, and the latter allows you to buy and sell your securities. Once it is created, you cannot switch the type of your Lime Fx trading account.
Lime Fx Rewards is a built-in loyalty program designed to reward active trading on the Lime Fx platform, available to all clients by default without any extra registration requirements. As users trade, they automatically earn XP and progress through four status levels, Bronze, Silver, Gold, and Platinum. Each level offers increasingly valuable benefits such as reduced spreads, faster bonus withdrawals, and accelerated accumulation of prize lots for the Trade and Win program. On the plus side, it offers swap-free trading on all instruments, charges no inactivity fees, and doesn’t tack on handling fees for deposits or withdrawals.
Lime FxFX Trading is home to more than six million trading accounts and continues to gain market share with its swap-free offering plus generous bonuses and incentives. Lime FxFX claims that it helps Forex traders earn more, so we reviewed this broker to calculate if the commission-free and swap-free MT5 trading environment deliver on this statement. Lime FxFX Trading has developed a proprietary copy trading service that expanded into an industry that is gaining popularity, especially among young traders. Lime FxFX’s minimum deposit requirement of $50 is a contributing factor to this, as well as the tight Lime FxFX, spread on almost all currency pairs and Islamic accounts for those seeking such an account type.
Using Lime Fx allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy. We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and Lime Fx does not impose any additional fees. While there is no minimum deposit from the virtual wallet, Lime Fx advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick.
Lime FxVision is an AI-powered tool that provides custom trading analysis and feedback. It supports all traders – new or experienced – by identifying patterns, tracking progress, and offering insights to help improve trading results. Lime Fx provides a secure trading environment through segregated accounts, SSL encryption, and strict verification protocols. With constant system monitoring and safeguards like 3D Secure and Negative Balance Protection, traders can operate confidently, knowing their funds and data are protected.
About Article’s Experts & Analysts
This includes an IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed. I also found you can use OCO orders which can be useful in trading breakouts. Whichever one is executed first, the other order is immediately canceled. Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology. Get to know more about the global regulatory landscape with BitDegree’s Global Crypto Regulations & Compliance guide. This exchange limefx forex broker is regulated in multiple jurisdictions and is actively working to expand its compliance.
- Lime FxFX packs useful features that may appeal to different types of traders.
- Get to know more about the global regulatory landscape with BitDegree’s Global Crypto Regulations & Compliance guide.
- This makes the onboarding experience more intuitive for non-English speakers, making users feel more connected and understood.
- One of the most frequently praised aspects in user Lime FxFX reviews is its customer support.
- A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
In our live fee test, I found the spread scammed by limefx for Apple averaged 0.04 points during the New York open, which is better than the industry average. During our live fee test, I found the spread for EUR/USD during the London and New York trading sessions averaged 0.65 pips on the commission-free Standard Account. This is much better than the industry average of 1.0 pips on a commission-free account. After testing 80 brokers this year, our experts have identified the 15 best options tailored to diverse trading needs, complete with practical tips. Combined with its full 2FA and identity verification, this platform is a trustworthy alternative for traders concerned about Lime FxFX’s limited regulatory reach and lack of basic security features.
Lime Fx also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulation of the Financial Services Commission (FSC) of Mauritius. Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting). Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. I enjoyed using the Lime FxTrader platform because of its user-friendly design and high-definition charts. The ‘Space’ and ‘Lime FxVision’ tools are nice additions, greatly enhancing the platform’s capabilities.
However, you can just create another one on a different trading platform—for free. Customise your account—real or demo—or just create a standard margin account in one click. The safety and trustworthiness of a broker should be the most important factors when choosing a forex broker with which to trade. After all, the broker will hold your trading funds and execute your trades. I have found that a good way to identify the best type of trading account is to use a demo trading account and test each one to see which one best suits your trading needs. ActivTrades offers an excellent range of share CFDs from the U.S., Europe, the UK, Asia, South America, and other regions.
Overall, Lime Fx’s offering is well-suited for long-term traders, investors, day traders, and copy traders alike. When stacked against competitors, Lime Fx lands in the mid-range for fees. While spreads on EURUSD and share CFDs are impressively tight, costs on commodities and indices—especially crude oil—are noticeably higher than average.
Lime Fx Copy is a social trading app that allows users to copy the strategies of experienced Master Traders. It simplifies Forex investing by enabling users to earn without actively trading or building strategies from scratch. Lime Fx’s 50% deposit bonus allows traders to increase their trading margin instantly with every deposit.
Lime FxVision is Lime Fx’s intelligent AI tool built to help traders boost their performance. By tracking behavior, analyzing trading patterns, and delivering personalized insights, it empowers users to fine-tune strategies and make more informed trading decisions. Lime Fx lets you select a platform that fits your style – whether it’s the beginner-friendly Lime FxTrader, the classic MetaTrader 4, or the advanced MetaTrader 5. These prize lots can be exchanged for gifts like t-shirts, power banks, smartwatches, or even laptops, with all items delivered free of charge. The Champion MT4 Demo Contest is a risk-free trading competition for demo users. Anyone with a demo account can join for free, trade for four weeks, and compete for a share of a $1,000 prize pool.
- Complete the process by providing your personal data and uploading an ID (driver’s license, ID card, residence permit, or passport).
- You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading.
- It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. Brokers regulated by well-established financial regulators have the highest level of investor protection and must follow strict rules to protect your capital. It is wise to steer clear of brokers that aren’t regulated by a reputable authority, as there is no legal recourse if they take your capital and handle your funds fraudulently.
As always, use a strong, unique password and enable other security measures (such as device verification) wherever possible. In some cases, traders reported that their bank transfer withdrawals were denied. Even after switching to an alternative like Visa, it was still rejected.
