It is worth noting that you can get a free VPS from other brokers including Switch Markets. Lime Fx offers several types of trading accounts, including standard and ECN accounts, as well as PAMM and MAM accounts for money managers and professional traders. MT5 is a revised version of MT4 that is a more recently updated, state-of-the-art multi-asset platform. Whilst MT5 maintains most of the core features and functionality of MT4, it also has extended capabilities. This includes additional technical indicators, fundamental analysis including a built-in economic calendar, multi-currency strategy tester and more.
Getting started on Lime Fx – main steps
Support is provided in over 12 countries including the UK, Armenia, Russia, Thailand and Nigeria. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer. Traders can also utilize the integrated economic calendar or market sentiment tool to uncover stock opportunities.
Pros & cons of Lime Fx account types
Users are required to complete verification before they can deposit funds with Lime Fx. An ID or passport will do the job, and documents should be valid and issued by legit government authorities. After this process, it is recommended to verify the payment method that you are going to use. Just log in to your account on the preferred payment method’s account screenshot and send it to Lime Fx.
What are the payment methods for Lime Fx?
- While trading always carries inherent risk, these measures provide a degree of security and peace of mind for traders.
- You can trade with spreads from 0.0 pips and a very reasonable commission fee.
- It provides narrow spreads, adjustable leverage options, and convenient access to multiple leading cryptocurrencies against the US dollar.
- The deposit and withdrawal fees are designed to encourage traders to fund and maintain their accounts properly.
- While it is relatively cheap to trade your favorite cryptos on Lime Fx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair.
- But since other support channels are working fine, this is just a minor inconvenience.
Access the “Withdraw” area in your Lime Fx Personal Area to see available choices and follow step-by-step instructions. No, Lime Fx does limefx review not currently offer webinars or live trading sessions. ✅Select “Credit/Debit Card” and enter the appropriate deposit amount and currency.
MetaTrader 5: The Advanced Multi-Asset Trading Platform
Cryptocurrencies became very popular lately and Lime Fx provides their traders with a number of cryptos to trade. There are 27 different cryptos in total, with spreads starting from https://limefx.biz/ 0.001 for Tron/USD. While it is relatively cheap to trade your favorite cryptos on Lime Fx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair.
Lime Fx Sign-up Bonus
Copy-trading is also available in the RAMM account, where traders can earn up to 50% of investors’ profits on copied trades. These may include overnight swap fees for positions held open past the end of the trading day, and inactivity fees for accounts that remain dormant for an extended period. Additionally, while Lime Fx does not charge any deposit or withdrawal fees, traders should be aware that such fees may be applied by their bank or payment processor. Lime Fx offers 539 total trading instruments in different asset classes. This is a very competitive number for assets as traders can trade almost all popular instruments, from Forex to cryptos, with high leverage to boot.
As a regulated broker, one of the requirements is that client funds must be kept in segregated accounts. Lime Fx offer clients access to over 100 trading robots along with their overview and demonstration of their effectiveness. I think that robots can be a solution for anyone who does not have the time to trade but you should manage your expectations accordingly. I do run robots myself, but they are based on my own trading strategies that I have spent countless years on developing. Lime Fx does not provide services to citizens and residents in lots of countries which you can find listed on the brokers website. The broker states that in the case of violation of this condition, they reserve the right to block the trading account of the client.
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Scalpers prefer the lowest spreads, while day traders want to trade with lower overnight costs and smaller commissions. Lime Fx perpetually positions itself at the forefront of technological evolution, incorporating groundbreaking technologies to facilitate optimal trading conditions. The clientele is endowed with comprehensive tools essential for both independent and algorithmic online trading. The broker integrates modern trading platforms and advanced liquidity aggregation technologies along with STP and ECN mechanisms, offering direct access to the interbank market.
I highly recommend it to all traders, particularly algorithmic and high-volume traders. The broker also offers market research on trading tools, analytics, forex news, VPS hosting, copy trading, and AutoChartist. Other resources include the economic calendar, trading calculators, market sentiment indicators, expert advisors, trading ideas, and trades of the week. Spreads as well as commission charges with Lime Fx depend on the type of live account, the financial instrument, and the market conditions. Spreads and commissions that traders can expect from Lime Fx are 1.3 pips on the Standard Account, 3 pips on the Fixed Account, and 0.0 pips on the ECN Account. The only bonus which is offered in the form of a deposit bonus by Lime Fx only applies when traders are switching from one broker to this broker.
There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors). Lime Fx Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007. The company is registered and authorised in Saint Vincent and the Grenadines, but has numerous global support offices across Europe, Asia and Africa. Lime Fx serves over 350,000 clients and has picked up a number of global forex awards since its establishment.
Its diverse trading portfolio, coupled with cutting-edge technologies and client-centric approaches, accentuates its global appeal. The intricate blend of regulatory adherence, promotional benefits, and educational opportunities further cements its status as a broker of choice for traders seeking reliability, diversity, and growth. Lime Fx have a nice variety of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems which are my preferred choice as I find them to be the quickest way to get access to my funds. This is important in case there is some market news that I need to quickly try and capitalise on. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.