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Lime Fx Review year Pros & Cons Revealed

নভেম্বর ২৩, ২০২১ আব্দুর রাজ্জাক - সহ-ক্রীড়া বার্তা সম্পাদক ০ Comments

The Lime Fx VIP Account is tailored for professional traders who require top-tier trading conditions. With a minimum deposit of $10,000, this account offers tighter spreads starting from 0.8 pips, ensuring cost-efficient trading for high-volume traders. VIP Account holders benefit from personalized customer support and access to premium trading tools via Lime Fx’s MT4 and MT5 platforms. Lime Fx offers a variety of account types tailored to different trading needs and experience levels.

Lime Fx aims to offer a cost-effective deposit process for all its clients. Lime Fx requires that all deposits are made from accounts registered in the trader’s name to comply with anti-money laundering regulations. Deposits can only be made through the available methods, such as bank transfers, credit/debit cards, and e-wallets.

Opening an Account

You should also ensure that you fully understand the terms and conditions of the account type you choose. The minimum deposit required by Lime Fx depends on the type of account that you choose. The minimum deposit for a Micro Account is $100, while the minimum deposit for a Premium Account is $2,500. If you opt for a VIP Account, the minimum deposit requirement is $20,000. These minimum deposit amounts can vary depending on the base currency you selected for your account. Lime Fx offers Islamic accounts for swap-free trading under Shariah law.

These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. The accounts of EU traders are protected up to EUR 20,000 via the Investor Compensation Fund (ICF) of Cyprus.

So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on. To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. Lime Fx uses standard security features to keep clients’ personal information secure, including website encryption. Lime Fx recently strengthened its educational tools by introducing the Academy.

London Stock Exchange

The Premium Account strikes a balance between cost efficiency and enhanced trading capabilities. The Lime Fx Micro Account is designed for beginner traders and those with smaller capital, offering a low minimum deposit of $100. This account type provides access to competitive spreads starting from 1.8 pips and allows traders to explore the markets with flexible trading options. The Micro Account is ideal for new traders who want to familiarize themselves with Forex trading without committing significant capital.

Lime Fx VIP Account

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Lime Fx holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. Lime Fx does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law. Lime Fx is a market maker in which the broker serves as a principal to client orders. Lime Fx’s MT4 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more.

Overview of Lime Fx Account Types

You will need to provide a valid ID (passport or driver’s license) and proof of address (such as a utility bill) to complete the KYC verification. Contact customer service via one of the channels listed below if you have any issues with your withdrawal. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. Overall, Lime Fx can be summarised as a trustworthy and https://limefx.vip/ regulated broker that is authorized and regulated by the Financial Sector Conduct Authority. In order for the account application to be completed the applicant will be required to complete a simple online registration form.

Lime Fx processes payments in multiple currencies via bank wire, credit and debit cards, e-wallets, and crypto. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. My live tests demonstrated that Lime Fx charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably.

While many experienced traders will have no problem finding an account that is right for them, the account “matrix” on their page in many cases can make things more confusing for beginners. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account. Lime Fx offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements.

Lime Fx provides its services globally, but certain regions are restricted due to regulatory limitations. Supported regions include most countries in Europe, Asia, Africa, and Australia, where traders can easily open accounts and trade. However, prohibited regions such as the United States, Canada, and some countries in Asia, are restricted from using Lime Fx due to local regulations and compliance issues. It’s important to check whether your country is supported before attempting to open an account.

Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission.
Next, contact Lime Fx customer support via email or live chat to request account closure.
Yes, you can start trading with Lime Fx even if you have a limited amount of funds.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Lime Fx does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.

Lime Fx is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with. Lime Fx does not charge any deposit fees on its end, meaning traders can fund their accounts without additional costs from the broker. However, it’s essential to note that some payment providers—such as banks or e-wallet services like Skrill and Neteller—may impose their own fees for processing transactions. These charges vary depending on the method used and the provider’s policies. Traders are encouraged to verify potential fees with their payment providers before making a deposit to avoid unexpected costs.

Overall, I assessed that Lime Fx’s customer support is of very high quality.
With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

In this article, we will explore the minimum deposit requirements for opening a trading account with Lime Fx. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed.

Trading with Lime Fx will involve fees from $100 USD, spreads from 1.6 pips, and commission-free trading depending on the account traders select. The Micro Account is ideal for beginners due to its low minimum deposit of $100, making it accessible for traders with smaller capital. Traders must ensure they execute risk management to avoid magnified losses. Lime Fx offers negative balance protection, meaning traders can never lose more than their deposits. Yes, Lime Fx allows you to open multiple accounts, each with different account types if needed, to match different trading strategies.

According to its LinkedIn page, Lime Fx has been in limefx scammers operation for 15 years and employs over 600 people—both indicators of its stability. After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format.

Lime Fx Leverage

Lime Fx notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the Lime Fx fractional share dealing, which is excellent for smaller portfolios. Trading with a regulated broker will limit the potential for fraud and malpractice.