I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs. Step 6) Select the account type with which you want to start trading and also select leverage, base currency, etc. South African traders signing up with Lime Fx are registered under FSCA regulation. But since they are not approved ODP, this makes them moderate risk broker for SA traders.
- Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.
- You can choose from the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms.
- However, trailing stop-loss orders are only available from the desktop.
- Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
- You are offered Mobile trading by Lime Fx through MT4, and MT5 Mobile trading apps for iOS and Android.
- The broker offers three main account types; Lime FxFX MT4, Lime FxFX MT5, and Lime FxTrader.
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. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs. I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support.
What is the minimum deposit for Lime Fx?
They can then trade as usual and earn additional income whenever others choose to copy them. As stated on their website, over 21 million trading accounts have been opened across 180 countries with Lime Fx. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Withdrawals
There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited. That being said, it is nice to see that Lime FxFX have a good selection of useful trading tools that can be limefx scammers used for trading signals, market analysis and risk management. The modes of making deposits and withdrawals are limited for South African. Their trading assets are also restricted in comparison with other brokers. Lime Fx mobile trading apps are useful for both advanced and beginner traders.
Is Lime Fx suitable for spread betting?
A trader working with a broker entity regulated offshore would not necessarily have these benefits. 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. 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. 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). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
Similar apps
The research section also includes specific trading ideas, target prices, and key price levels to watch. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. There is a decent variety of account types which you can choose from depending on your trading style.
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.
TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to limefx website consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker. I would always prefer to use an ECN broker as I find they tend to have the lowest spreads and quickest execution speeds. You can download the MT4 and MT5 on iOS and Android mobile trading apps directly from Apple Store or Google Play. Alternatively, you can also download them from the Lime Fx website that offers step-by-step useful installation instructions. The globally recognized trading platforms like MetaTrader 5 and MetaTrader 4 are offered by Lime Fx for trading through Web – Windows and Mac and Windows Desktop.
Lime Fx Trading Instruments
The table below lists the protections and benefits by entity, regulator, and region. Read our full explanation and accounting of our research and testing process to learn more about how we test. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Use our country selector tool to view available brokers in your country. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit.
Lime Fx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. What this means is that you can get your trades placed on the markets at the best available prices at all times.
Client orders received by Lime Fx are offset by banks and liquidity providers. NDD (No Dealing Desk) brokers such as Lime Fx act as intermediaries between the trader and the real market and receive a defined and transparent commission for it. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks.
Three account types cater to traders with different levels of experience. You can choose from a good selection of payment methods to make deposit and withdrawals. The funding options include wire transfer, credit/debit card, digital wallets and cryptos. I find them to be the quickest and easiest way to move funds between my trading accounts. The accounts can be opened in a limited choice of currencies, USD and EUR.