The availability of these payment methods may also depend on your country of residence. Founded in 2011, Lime Fx (formerly Lime FxFX) is part of a group of global entities, which include Lime Fx Markets LTD (based in the island of Mwali) and Lime Fx Markets Cyprus Ltd (based in Cyprus). Lime Fx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Investors should regularly review the performance of copied traders and limefx courses scam adjust their allocation accordingly. It is crucial to monitor the performance of each copied trader and evaluate their contribution to the overall portfolio. If a trader consistently underperforms or deviates from their stated strategy, it may be necessary to reduce or eliminate the allocation to that trader. Similarly, if a trader consistently performs well, investors may consider increasing their allocation.
This average customer rating is based on 9 Lime FxFX customer reviews submitted by our visitors. The minimum deposit is USD100, regardless of what type pf account you choose to open. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive.
Trading Platforms
The security of your funds – in terms of regulatory protection – will depend on which Lime Fx entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that Lime Fx’s primary execution venue is one of its own entities in St. Lucia. By clicking on the “Copy” button next to a trader’s profile, investors can initiate the replication of trades automatically.
During the registration process, investors will be asked to provide their personal information, including their name, email address, and country of residence. It is important to provide accurate and up-to-date information to ensure a smooth account setup for Lime FxFX copy trading. Additionally, investors will need to create a unique username and password for their account, which should be kept confidential for security purposes. Evaluate the drawdowns, which represent the maximum percentage decline in the trader’s account balance. Traders who maintain a balanced risk-reward ratio are often more prudent in their trading decisions.
There are, however, minimum withdrawal limits for all payment methods, though these are minimal, including $5 for Skrill and Neteller. Traders who live within the EU will have their accounts placed under Lime Fx Markets Cyprus Ltd. Lime Fx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust Lime FxFX. Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers.
- Once you login to your personal area, you can set up your copy trading profile and deposit to your wallet.
- The Lime FxFX copy trading platform ensures that the copied trades are executed in real-time, allowing investors to benefit from the traders’ expertise and market insights as part of Lime FxFX copy trading.
- Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
- By continuously monitoring traders’ performance, investors can identify any deviations or changes in their trading behavior that may warrant adjustments or even the termination of copying.
- By managing risk and adhering to predefined risk management rules, investors can safeguard their capital and minimize losses during volatile market conditions.
Take the time to analyze these metrics and assess the consistency of their performance over time. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The company’s mission is to provide outstanding forex and CFD trading services, via cost-effective, transparent conditions on a worldwide scale. The broker offers 80+ trading instruments including currency pairs, commodities, indices and cryptocurrencies. The company was established in St. Vincent and the Grenadines and is regulated with licensing from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).
Lime FxFX company details
Take advantage of the copier feedback section to gain insights from other investors who have copied the trader you are considering. Look for positive feedback, comments on performance, and overall satisfaction with the trader’s strategy. Look for traders who are open to communication and interact with their copiers.
Lime FxFX Copy Trading: A Comprehensive Guide to Successful Social Trading
You can access all the tools, features and functionality found on the web terminals including one-click trading, chart customization and full order management. This is a significant advantage for investors using mid-term and long-term strategies as charges will not be applied for any positions held overnight. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with Lime FxFX please share your personal review of the broker and what you think are strong and weak points.
Similar apps
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. In addition, Lime Fx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. After providing the required information, investors will need to verify their email address. Lime FxFX will send a verification link to the email provided during registration for Lime FxFX copy trading. By clicking on the verification link, investors can confirm their email address and proceed with the account setup process, making their way into the world of Lime FxFX copy trading.
Additional Features
Lime FxFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most limefx scam of the traders who use this broker are located in Indonesia, India or Malaysia. Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). 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). I came across Lime Fx company when I was just scrolling through various financial resources and somehow I saw an advertisement for the company.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. 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. Lime Fx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
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). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. 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). 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. To effectively maximize profits and minimize losses in Lime FxFX Copy Trading, investors should stay informed and educated about market trends, trading strategies, and general economic conditions.
In this 2024 broker review, our experts log in to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Please note that the answer to this question might depend on where you live. Successful Lime FxFX Copy Trading requires ongoing monitoring and evaluation.
This approach allows investors to capture different market trends and potentially benefit from the strengths of multiple traders. In September 2022, the Indian Enforcement Directorate (ED) froze several bank accounts belonging to Lime FxFX India and related companies for illegal forex trading. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. 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.