The support team is available 24 hours a day, five days a week, to assist with any inquiries or concerns. Yes, Lime Fx is considered a safe broker as it is licensed and regulated by reputable authorities such as CySEC, ASIC, and IFSC. It complies with strict regulatory standards and ensures the safety of client funds through segregation into separate accounts. The availability of multiple platforms ensures that traders can choose the one that best suits their trading style and preferences. Whether traders prefer the feature-rich MT4 and MT5 platforms or the convenience of WebTrader, Lime Fx has options to cater to their needs. ForexBrokers.co.za is a broker comparison & education website for South Africans.

Traders can be sure that however they choose to trade they will be supported. Clients can choose from any of the range and can be accessed using one account. Desktops versions can be installed and run using both Windows and Mac operating systems.

  • Such a wide selection makes it convenient for traders looking to diversify their portfolios.
  • This structure provides an added layer of protection and reinforces the broker’s commitment to safeguarding trader assets.
  • All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice.
  • These fees are determined by the interest rate differentials between the two currencies involved in the traded pair.

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In cases of slippage leading to a negative balance, Lime Fx resets the account to $0, preventing debt accumulation. Lime Fx also provides a diverse suite of market research and analysis tools to keep traders informed and ahead in the financial markets. Lime Fx traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. If a customer withdraws less than $200 from their trading account via bank wire transfer, they will incur a $15 administration fee.

Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the Lime Fx Loyalty Program. Leverage at Lime Fx varies based on the regulatory jurisdiction of your account and the type of instrument you are trading. While the “best” trading app ultimately depends on individual preferences and trading styles. Moreover, the app is meant to improve the overall banking experience; there is speed and convenience without compromising on safety. Accessing and operating your Lime Fx account has been made easier by introducing a mobile application called the Lime Fx App.

For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. The availability of base accounts in EUR, GBP, USD and JPY can help minimize conversion fees, unlike eToro, which only supports GBP and USD for deposits, holdings, and trades. Lime Fx also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest. On the one hand, fact that this company has been around for about 15 years is impressive. But on the other hand, I know several brokers that have been operating for much longer.

Does Lime Fx offer a demo account?

It is difficult to think of what they could do more to support their customers. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods.

Lime Fx, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai). Lime Fx offers diverse financial instruments and is known for competitive trading conditions. Lime Fx offers a modern and easy-to-use trading platform that works well for traders at all levels. The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn.

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If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount. Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds. Some brokers will charge for additional withdrawals in a month, regardless of the method.

Withdrawal Methods

The additional functionalities include improved charting tools, a bigger selection of instruments, and more complex order types. While its interface might seem slightly dated compared to newer platforms, its extensive customization options, large community, and reliable performance make it a strong contender. By carefully assessing these factors, you can select a broker that aligns with your trading goals while ensuring security and efficiency. Learn the fundamentals and build your strategy with our complete guide to Forex trading for beginners. FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards.

  • Lime Fx Group supports funding through bank wires, Neteller, credit cards, and Skrill.
  • Furthermore, it provides real-time quotes, sophisticated charts, as well as learning materials.
  • However, with no minimum deposit required and solid ratings for commissions and fees, it remains an average choice for investors.
  • I have some issues with the pricing especially at Standard account but when it comes to client-orientedness Lime Fx is arguably the best in the business.

Lime Fx withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. Lime Fx applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Furthermore, clients may pay costs from payment processors for transactions even when Lime Fx does not impose withdrawal fees. For trades involving instruments denominated in a different currency than the base currency of the account, there also are currency conversion fees.

Unfortunately, Lime Fx doesn’t hold a good reputation among clients on Trustpilot. With a total of 254 reviews posted on the platform so far, more than 50% of clients expressed their dissatisfaction with the company. According to customers, the company has a poor trade execution policy which typically results in slippage and makes you lose your funds despite incorporating a stop loss. You can see the most recent political and social headlines that could affect the foreign exchange market under the “market overview” page.

Since there is specifically designed account for Shares trading with tailored solution, yet the deposit needed is rather very high also at other Broker bigger range of Shares might be available. Lime Fx Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities. While the number of instruments offered varies across asset classes, Lime Fx’s diverse range of options provides traders with ample opportunities to capitalize on different market trends.

For day traders seeking even lower spreads, the Lime Fx Zero account provides spreads starting from 0.0 pips with a small commission per trade. Yet while Lime Fx provides a range of features for beginners, it’s worth noting that it lacks a https://limefx.name/ proprietary trading platform explicitly designed for novice traders. They’re available 24/5, so I’ve always been able to reach out during market hours, no matter my time zone.

Lime Fx stands out with its thematic indices, such as the Artificial Intelligence Gians US Index, Crypto 10 Index, and Electric Vehicles UST Index. These products allow traders to diversify their market exposure by cornering different industries. Lime Fx provides limefx reviews VPS hosting, which is crucial for successful automated trading. Furthermore, MT4 and MT5 have strategy testers on which traders can tweak their trading algorithms and backtest them. And they don’t have a local phone number in South Africa for getting local support. Lime Fx offers 3 different accounts namely a Micro account, a Standard account and a recently launched Ultra-Low account along with the free-demo account.

We believe that Lime Fx’s spreads are reasonable but not as competitive as some rival brokers. Lime Fx is a Cyprus-based derivatives broker with offices in Australia, UAE, and Belize. It offers more than 1,300 tradable instruments at various trading costs.