Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. The following table summarizes the products available to Lime Fx clients.

I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. Lime Fx offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies. Lime Fx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total.

1. Lime Fx offers a swap-free Islamic account that adheres to the principles of Sharia law.
2. Lime Fx does have a proprietary app for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
3. The research section also includes specific trading ideas, target prices, and key price levels to watch.
4. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.
5. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

Similar apps

You can also use our traders’ tools to make limefx scammers more informed decisions based on the current market situation. Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

Platforms and Tools

In my view, Lime Fx’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. The Lime Fx Forex profit calculator is a risk management tool to improve your trading of currency pairs and other assets. Calculate potential profits and losses of your orders and trade financial markets more confidently. Practice risk-free with simulated funds or start trading with real money. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.

However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.

Does Lime Fx offer a demo account?

As stated on their website, over 21 million trading accounts have been opened across 180 countries with Lime Fx. Benefit from tight spreads that remain steady, even when big news or events shake up the market. Choose from over 100 currency pairs with flexible leverage, based on your account balance. Access major, minor, and exotic FX options for a diversified portfolio. This shows that a lot of people trust and use the platform regularly.

Deposits & Withdrawals

It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate Lime Fx as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Lime Fx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based Lime FxTrader platform is a beginner-friendly and convenient limefx scammers alternative. The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader.

To determine the expected profit amount for a planned order, choose the currency pair you want to trade. Then, choose the period in a days you plan to keep the order open and the trade volume in lots. Choose whether you plan a Buy or Sell order and specify its open and close price. You will see the calculated profit or loss based on the provided order details.

Copy and automated trading are only available on the MT5 desktop platform. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading. The table below lists the protections and benefits by entity, regulator, and region.

Traders can access all basic order types (market, limit, stop loss) via the platform. This section will cover how the different entities of Lime Fx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. We performed our tests with a live account, using the MetaTrader 5 and Lime FxTrader platforms, opened with the Lime FxFX Saint Lucia entity (Lime Fx Markets Inc.). Some features and services may vary depending on where you reside.

A broad range of topics from technical analysis to trading strategies and platform tutorials are covered. With a perfect score in this category, Lime Fx has gone above and beyond to educate its clients. One thing that stood out to me about this broker during my review was the ease of use. The Lime FxTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.