A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. Lime FxFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies.

Navigating the Trading Platform

There is a decent variety of account types which you can choose from depending on your trading style. Lime FxFX offer 3 different main account types, the Micro, Pro and ECN. The account you go for may also depend on the trading platforms that you wish to use, instruments you want to trade and minimum deposit requirements. Each of them has its own pros and cons, available tools for market analysis, and trading instruments.

These market insights can help identify trading opportunities and assist with your market analysis. 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). In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). When you trade on currency pairs, you open and close Buy and Sell orders based on the price movement of the currency pair to make a profit. With the Lime Fx trading app, you can trade on currency pairs right on the go.

ECN Execution Review

Overall, there is a lot to like about Lime FxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions.

• If learning how to trade on Lime Fx as a beginner seemed difficult initially, we hope you now feel empowered to get started!
• In this Lime Fx trading guide, you’ll learn how to start trading wisely and maximise your profit in the long run.
• 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.
• Learn about the current trends for different pairs from the Lime Fx experts and open orders on the same screen to save time and effort.
• According to the risk management basics, the more funds you have, the fewer risks you expose yourself to.
• We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts.
• The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets.

Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. However, your payment provider may charge its own fees and commissions. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. Customer service at Lime Fx is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions.

Cryptocurrency leverage increased

This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform. I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes. MT5 has a simple interface just like its predecessor with some new features that improve the overall experience. There are more technical and fundamental indicators for chart analysis, 21 timeframes, graphical objects, support for more order types, an economic calendar and more.

How to open a trading account with Lime Fx

You can freely choose the one you like when creating a new trading account. It’s good to see Lime Fx offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools. I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple. You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do scammed by limefx so.

You can use the Lime Fx Trading App to enter the Lime FxTrader platform, or use MetaTrader 4 and MetaTrader 5 apps to trade on their respective platforms. Keep in mind that MetaTrader is no longer available on the App Store, so you might have to use the web version. As a beginner, you can simply track the general direction of the price on the chart and open Buy orders when it goes up or Sell orders when it goes down. This may not get you a guaranteed profit every time, however, it is a good start limefx forex brokers reviews for developing your strategy.

How to use profit and trading calculators

• We’ll take you from complete newbie to placing your first trade, and beyond.
• This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks.
• This lightning-fast application with an attractive and easy-to-use design will make everything straightforward from the first tap.
• There may also be a fixed exchange rate in place to benefit you as a trader depending on location.
• After you’ve submitted your registration, Lime Fx will send an email to the address you provided.
• MT4 is the complete platform to get started trading online and is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
• Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.

With a 50% bonus, you get to trade with $150 right from the start. Such bonus funds are withdrawable, but you need to trade a certain number of lots before you can actually withdraw them. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005.

The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit. I think having Lime Fx Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold.

Don’t worry about understanding everything right away – we’ll cover all the important parts in the upcoming sections. 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. 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.

This could include opening an account with Lime Fx Markets Cyprus Ltd, or Uni Fin Invest which is Lime Fx’s Mauritius entity. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies.