All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer.
- The first, and best place for most traders to get started is an Lime Fx demo account.
- 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.
- Note that some payment methods may not be available in certain countries, so please check the availability first.
- The minimum order size you can expect when trading with Lime Fx is 1 micro lot.
- This minimum deposit is equivalent to roughly ZAR 447 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
How are Execution, leverage and position sizing with Lime Fx?
You will be taken to a new page to complete a form in which you will provide transaction details including the actual transfer amount, bank account and transaction date。 For your convenience, you can also upload a screenshot or photo of the proof of transaction and click “Confirm Request”。 An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Founded in 2011, Lime Fx (formerly Lime Fx) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus).
Apart from that, each method has a different minimum deposit amount and processing time. For instance, e-wallets, cryptocurrencies, and credit cards can be processed instantly, while bank wire transfers may take a bit longer depending on the bank used. The minimum amount required with Lime Fx is $25, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet. It should be noted that the minimum deposit with Lime Fx may vary depending on the type of trading account chosen. The broker offers three primary account types, each with unique quality.
STP (Straight-through processing) is basically done through electronic transfers. It is an automated process requiring no manual intervention. With cTrader, users can trade directly with prominent banks globally.
- The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts.
- Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information.
- Lime Fx Minimum Deposit amount required to register a live Lime Fx trading account is USD 25.
- The Lime Fx MT5 pro account is one which they recommend for the more experienced traders.
- In addition, there is trader account security implemented by the Investor Protection and Compensation Scheme in case the broker goes bankrupt.
This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow and copy these leading traders at will. The custom-built Lime Fx mobile trading app features a simple yet functional user interface. The respective app versions are downloadable from the Google Play Store or App Store for Android and iOS-based mobile phones. The trading interface of Lime FxTrader is quite unique, it presents users with extended functionality. It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis.
The different types Lime Fx fees and funding methods available to The different types Lime Fx fees and funding methods available to traders customers. Traders can keep their accounts open without worrying about penalties for inactivity, regardless of how long they remain unused. This applies to all Lime Fx account tiers, ensuring that clients are not pressured to trade solely to avoid extra costs. The Lime Fx MT5 Account is tailored for advanced traders by providing access to more than 70 assets such as forex, commodities, indices, and cryptocurrencies. Spreads start from 0.3 pips (CySEC) or 0.6 pips (SVG), and the account utilizes the MT5 platform, offering a 50% bonus for global clients under SVG regulation. Traders, both beginners and those with experience can open different account types through this firm, which has a low minimum deposit requirement, making them affordable.
More Forex Guides
This means that no matter the financial situation of the broker, your funds will always be safe. The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics. In fact, the platform and broker have won many awards for this service. You can expect market execution to happen in under 0.1 seconds. The spreads when trading here are also kept as tight as possible.
Common Lime Fx withdrawal problems:
I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Lime Fx offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. You can close your Lime Fx account by emailing the customer support group at requesting to delete or close your account.
Earn more with Lime Fx bonuses
The broker has various trading tools and analytics, including an Lime Fx profit calculator, trading calculator, pip calculator, live quotes, and monitoring. The Lime Fx calculators can greatly help analyse the profits and margins. Lime Fx charges no commissions and additional/hidden fees, which makes the broker a safe space for traders, especially novice traders. The broker’s login process begins with a visit to the official site, Lime Fx.com, on desktop or a click of their app on mobile.
How to Open an Lime Fx Account
In addition to the markets offered, as an Lime Fx trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. Lime Fx mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. The Lime Fx Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be.
Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, https://limefx.name/ and 31 drawing tools also. Lime Fx offers a total of 35 forex currency pairs for trading. This account type is a great starter account, though at the moment is not available to EU traders. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers.
In addition to this, each method has a different minimum deposit amount and processing time。 For example, e-wallets, cryptocurrencies and credit cards can be processed immediately, while bank wire transfers can take longer depending on the bank used。 There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The educational materials provided by the broker are sufficient to help traders learn what forex trading is and grasp the basic concepts. The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets.
Your money will be converted to USD because their account’s base currency is in USD. However, deposit and withdrawal fees may apply to third-party participants. MetaTrader 4 (MT4) Account caters to traders who seek a trustworthy and established trading platform. Lime Fx is an international broker that has been providing online trading services worldwide since 2011. The MT5 mobile app is up for grabs on iOS and Android devices.
These are the Metatrader 4 for beginners, Metatrader 5 for experienced traders, and the cTrader account for progressive traders. Before making a deposit, the user should know whether Lime Fx takes a commission in case of withdrawal or case of deposit? It also limefx review covers the percentage of fees applied by Lime Fx payment systems.