Lime Fx Forex Trading About Forex broker

The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. 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. Lime FxTrader is the most basic option but best for beginners out of the three platforms in my opinion with an attractive user interface. In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading.

• Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently.
• For withdrawal requests, the processing time is almostinstantaneous and validated through an email.
• Fineco is an Italian bank and CFD broker that’s regulated in Italy and subject to regulation in the UK.
• Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency.
• STP (Straight-through processing) is basically done through electronic transfers.
• To bear testimony of the reliability of Lime FxFX, the broker has been awarded several awards in recognition of their achievements by Global Banking & Finance review.

years in the market

Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. 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 limefx official site bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use.

Trade on the go with the Lime Fx trading app

Although you can deposit with your local currency, it gets converted to USD regardless. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on Lime Fx to provide this. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the Lime FxTrader platform. If you want to see how Lime Fx’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use.

Key Features of Lime FxFX

MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. Established in 2011 and located in London, Lime FxFx is a forex broker that renders its services to users worldwide.

Trader-focusedplatform

Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at Lime FxFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from Lime FxFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions.

Choose your trading platform

Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4.

• Also, there are no swaps on the MT5 and Lime Fxtrader platforms from the broker.
• Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
• You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
• Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
• If you prefer web trading, Lime FxTrader web version is also available.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights limefx review have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Lime Fx does have a proprietary mobile app for trading, as well as for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry.

The big takeaway from my time with Lime Fx is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The trading interface of the mobile app is quite basic, yet it is functional.

Meaning, you don’t have to download separate apps or switch between apps while trading. Deposit, withdraw, manage accounts, trade, read market analysis—everything in one app. The broker’s range of forex trading products is limited to MT4, MT5, and Lime FxTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the Lime FxTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis.

In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. These are two offshore regulators that allow Lime Fx to provide secure financial services in 180 countries. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book.