The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts. The Autochartist plugin for MetaTrader provides real-time trading signals to your terminal, shows chart patterns and trends online, and allows you to receive daily Market Reports via email. Lime Fx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. limefx scammers Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
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Lime Fx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry. Lime Fx excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (Lime FxFX MT4 and Lime FxFX MT5), all fees are reflected in the spread – there are no additional commissions charged. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF).
How to determine the Stop Loss and Take Profit levels with the calculator
Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The account opening process at Lime Fx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; Lime FxFX MT4, Lime FxFX MT5, and Lime FxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account.
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We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections. However, Lime Fx states that it provides clients with segregated accounts and negative balance protection.
How can I open an account with Lime Fx?
- Lime Fx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
- You can use the calculator to manually choose the Stop Loss level for your order.
- ICF protects client accounts for up to €20,000 if a firm becomes insolvent.
- Material includes live trading sessions, workshops, and trading strategy-themed presentations.
- They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
Setting up an account is quick and easy, taking just about 3 minutes of your time. We use advanced security protocols to protect your data and funds. Withdrawals are processed instantly for most payment methods, allowing you quick access to your funds. Setting up your account takes just 3 minutes, and then you’re good to go for trading.
The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. Enjoy ultra-fast order execution in less than 25 milliseconds on all platforms.
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 have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and limefx edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. 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. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. 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.
For example, Lime Fx clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. It automatically closes when the price reaches a certain non-favourable level you can set in advance. Using a Stop Loss order protects your funds from the worst-case scenario. You can use the calculator to manually choose the Stop Loss level for your order. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
It’s important to note that minimum deposits and trading costs will also depend on which Lime Fx entity you choose for establishing your trading account. Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
What are the withdrawal fees at Lime FxFX?
Various drawing tools, from trend lines to Fibonacci retracements, are also available. MetaTrader is also popular due to its copy trading and automated trading features. You can trade a wide range of assets including currencies, commodities, and stocks from leading global companies. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate Lime Fx as average in this category. The figures below reflect the available leverage at the offshore entity of Lime Fx.
In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop.
You can use the calculator to choose the Stop Loss and Take Profit levels for your order. Input the details of your order, determine the open price and start calculating various outcomes by changing the close price level. Choose the levels resulting in profits and losses you are comfortable with. Lime Fx’s market research is well organized and varied in its content. Rather than specializing in any one field, Lime Fx provides a wide assortment of content types.
