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With Lime Fx Copy Trading, you can follow providers with different trading strategies, asset preferences, and risk levels to create a well-rounded portfolio. The micro and standard accounts attract high spreads compared to the other brokers I trade with. The Standard account offered by Lime Fx can be a perfect match for traders of all different interests. To put it simply, this account was created with different types of traders in mind.

Forex Risk Disclaimer

With a wide range of trading instruments available from a single scammed by limefx multi asset platform Lime Fx makes trading easier and efficient. Once you have downloaded the trading platform and you have deposited funds, it is time for you to start the market analysis. Lime Fx offers some of the best trading platforms available in the market, all of which allow you to do a very extensive and detailed market analysis. This is an important factor in making it in the Forex trading market. Lime Fx offers traders a wide range of trading assets from Forex to CFDs on stocks, indices, commodities, and the like.

What are the spreads like on Lime Fx Group accounts?

However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded. This commission is paid both at both ends of the trade, when you open and when you close the position. We believe that Lime Fx’s spreads are reasonable but not as competitive as some rival brokers. Traders looking for forex brokers accepting M-Pesa and MTN mobile money or Airtel money will love Lime Fx. I’ve traded forex with Lime Fx since 2010 and it has earned its place in my list of the best forex brokers for online trading. This Lime Fx broker review is from my experience trading with Lime Fx since 2010.

MetaTrader 4 (MT

Their detailed market analysis helps me make informed decisions. I appreciate the variety of instruments available on Lime Fx’s platform. Their educational resources have helped me become a more confident trader. Their platform is intuitive, and their market analysis is always detailed and reliable. Lime Fx sounds like a great choice for someone who values excellent customer support, but maybe not the best for social aspects of trading.

The ASIC regulation is top-tier and means that Lime Fx needs to run a responsible, ethical and professional company to service its clients. The conventional way of judging the quality of regulation that a broker holds that the more the merrier. Lime Fx has been gradually expanding its regulatory licenses over the years and is now up to three.

Allocating Funds to Copy Trades

• Because of the way it works, it is also sometimes referred to as a swap-free account.
• This type of fee on Lime Fx is charged when your account remains inactive for a certain amount of time.
• As far as I have been using the platform, I have only reached out to the support team very few times, maybe once or twice.
• The concept of copy trading is based on the idea that novice traders can benefit from the expertise of more experienced traders.
• The fact that Lime Fx does not charge for withdrawals helps to keep costs down for the trader.
• Traders can have access to all of these available assets with any account.

Consider the strategies that work best for you and select a provider whose approach matches your preferences. Lime Fx provides transparency regarding the performance of strategy providers. You can view detailed statistics about each provider’s trading history, including win/loss ratios, average return, and risk levels. This helps you make an informed decision when selecting a provider and ensures that you’re aware of any potential risks involved. Trading requires significant time and effort, especially when it comes to analyzing market trends, news, and financial data. With Lime Fx Copy Trading, you don’t need to spend hours studying the markets.

Over the past decade, this broker has gotten licenses from leading regulatory agencies worldwide, including the FCA of the UK, CySEC of Cyprus, ASIC of Australia, and so on. There is a library of free educational materials for Lime Fx users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform.

Diversification of Strategies

• Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
• Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
• All deposits via credit/card and e-payment options clear into your account instantly.
• Their platform is efficient, and their educational resources are invaluable for improving trading strategies.
• Beginner traders can use a demo account as a way to learn more about the Forex trading market.
• If you feel that the provider is no longer aligning with your trading goals or risk tolerance, you can stop copying their trades and select another provider at any time.

With free webinars, daily market analysis, and live sessions like “Forex Power Hour” and “US Market Open Hour,” traders can learn at their own pace. Expert instructors provide insights on strategies, technical indicators, and macroeconomic events, helping traders make informed decisions and improve their skills. For those interested in stock trading, the Shares Account offers an excellent platform with no commissions or swaps. Lime Fx’s commitment to providing flexible trading conditions, along with features like negative balance protection, ensures a secure and efficient trading experience.

With support for multiple languages, it provides a variety of indicators and drawing tools, making it suitable for traders of all experience levels. Lime Fx Group stands out by offering the same excellent trading conditions to all clients, regardless of account size. With a focus on fairness, they guarantee no requotes or rejections, ensuring smooth, real-time execution of trades. Like all forms of trading, copy trading carries inherent market risks. Even professional traders can experience losses, and past performance is not necessarily indicative of future results.

What is the Financial Services Commission (FSC)?

This type of fee on Lime Fx is charged when your account remains inactive for a certain amount of time. This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee. During the registration process, one of the questions is which trading platform you want to use. But, in case you have changed your mind, you can contact the representatives of the broker and use a different one. The broker has adopted modern technology to ensure that the clients are able to start trading in a short time after registration. It should not take more than a day to verify your account and get started with your trading activities.

Compared to rival brokers, Lime Fx charges inactivity fees very quickly, however not as expensive as other brokers. The following table shows how Lime Fx measures up against some of its rivals across limefx scammers the most widely traded forex positions. On both a minimum and average spread basis, Lime Fx comes up second best.

If you trade using MT4, your webtrading will be done on the Lime Fx MT4 webtrading platform. I appreciate the seamless execution speed at Lime Fx, which allows me to capitalize on market opportunities without delays. It’s reassuring to know that I can trust their platform for timely trades. I appreciate Lime Fx’s transparent fee structure and fair trading conditions.