Lime Fx broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010. It helps professionals in the forex market trade currencies, cryptocurrencies, indices, energies, and metals using advanced technology. The company is known for focusing on its customers by offering competitive prices and favorable trading conditions.
- I find Lime Fx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
- If you are unsatisfied with Lime Fx or want to explore other options, we recommend checking out our carefully curated list of highly-rated Lime Fx alternatives.
- However, for better transparency, we recommend signing up with a European entity.
- ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
Additionally, Lime Fx has an entity located in St. Vincent & the Grenadines. Although this is considered an offshore zone with less stringent financial regulations, the broker’s European authorization ensures it is considered safe for trading. Dealing with an unregulated company like Lime Fx Markets Ltd increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with Lime Fx Markets Ltd. Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
Risk disclosure:
Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss. It’s essential to note that the trading instruments offered under the Lime Fx brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.
Deposit and withdrawal
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Between 74-89% of retail investor accounts lose money when trading CFDs. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.
- According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.
- By partnering with a trustworthy broker like Lime Fx, you can enjoy peace of mind and focus on your trading activities.If Lime Fx violate any regulatory rules their regulated status could be stripped.
- Although this is considered an offshore zone with less stringent financial regulations, the broker’s European authorization ensures it is considered safe for trading.
- Trading financial instruments is a high-risk activity that requires careful consideration and risk management.
- But we don’t stop there – we also offer valuable insights into other great alternatives to Lime Fx, so you can make a more informed decision and compare other brokers against Lime Fx.
Overall, strict financial regulation is essential for ensuring that trading platforms like Lime Fx operate fairly, transparently, and responsibly, which ultimately benefits all Lime Fx stakeholders involved. It is important to note that Lime Fx may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a limefx company reviews few minutes to complete, and you can start exploring the Lime Fx platform and features immediately.
Lime Fx comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders. It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. Lime Fx are never charged any commission or fee for trading from their traders.
What are Tier 1 banks and why should Lime Fx use them?
Lime Fx can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. The broker teases customers with decent customer support that we get through live chat, email, and phone calls. The global trader can easily communicate and get qualified help from the broker due to multilingual support, which in turn helps to improve the ratings of Lime Fx.
This makes it easy for global traders to get started with the forex broker. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.
Therefore, you should only risk trading when you understand that your capital is at risk at any time. Yes, Lime Fx is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker. While St. Vincent & the Grenadines is an offshore zone with less strict financial regulations, Lime Fx is still considered safe to trade with due to its authorization by the European regulator. The broker offers trade via MT4 trading platform for mobile and desktop trading. We do not understand why Lime Fx is stuck to an outdated technology when other brokers have firmly moved towards the more advanced MT5 trading platform. There are three account types (Standard, Advanced, and XL) offered by the broker.
Written by the company
Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it.
They do not provide live chat support, and their phone and email support can also be slow. As part of our Lime Fx review, we review customer service options, response times and problem resolution effectiveness on the Lime Fx trading platform. The Lime Fx trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, https://limefx.name/ German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian. Trading CFD trades on the Lime Fx platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.
Lime Fx have won numerious industry awards over the 17 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Lime Fx below. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
In the vast realm of currency trading, the Forex market stands as a beacon of opportunity and risk. While it offers the promise of financial gain, it also harbors the danger of scams that can lead unsuspecting traders astray. This guide aims to illuminate the dark corners where Forex scams lurk, providing insights into their forms, warning signs, and strategies to avoid falling victim to their deceitful schemes. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users. Among Forex tools traders can use Forex calculators, live quotes, market hours, current trading positions, interest rates, and other.