For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA. By being regulated across multiple jurisdictions it allows Lime Fx to provide retail financial services to traders across 180 countries. The demo account lets you test the platforms while practising trading in a risk-free trading environment using virtual currency.
Trading Conditions
Lime Fx Broker stands out as a reputable broker with an easy-to-use platform, making it suitable for traders at all levels. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues.
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- For this reason, world authorities and regulators restrict leverage to use to specify safer levels for retail traders.
- Lime Fx is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders.
- There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course.
- Adam trades Forex, stocks and other instruments in his own account.
- It also provides Islamic (swap-free) accounts that comply with Sharia law.
- This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled.
Lime Fx (Lime FxFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. Lime Fx is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. Lime Fx is an international broker ideal for traders looking to operate under competitive conditions.
- Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
- I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC.
- To read the fine print, traders can find the Customer Agreement in the footer of the website.
- Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors.
- For example, Lime Fx broker currently uses AI to facilitate graph analysis and boost pattern identification when conducting technical analysis.
Bonus and promotions
Lime Fx’s market research is well organized and varied in its content. Rather than limefx official site specializing in any one field, Lime Fx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. For instance, I found that the content on the Lime Fx Blog is not updated daily across all categories. Forex traders either pay a 10% personal income tax or a 10% capital gains tax. Therefore, Romanian Forex traders must consult a licensed professional for up-to-date tax advice to improve tax efficiency and ensure total compliance with the Romanian tax code.
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Minimum Deposit
Live chat responses are typically provided within 30 seconds, and email inquiries are addressed within a few hours. The support team is knowledgeable and strives to resolve issues effectively, contributing to a high satisfaction rate among clients. In summary, Lime Fx Broker’s negative balance protection is a vital feature that safeguards clients from excessive losses, reinforcing the broker’s commitment to providing a secure trading environment. This feature is crucial, especially during periods of high market volatility, as it prevents clients from incurring debts beyond their account balance.
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. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades.
Account Opening
Copy and automated trading are only available limefx official site on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features. The EU entity of Lime Fx clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page.