This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by the Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading. At LimeFx, it’s not what you trade but how you trade it that matters. The firm looks set to continue to meet that challenge and provide its clients with a top-quality trading experience.
Social Trading and Copy Trading
They are all relatively easy to use but also capable of performing complex analysis and order management. The broker also has their very own trading app which provides a modern and sleek interface for an enjoyable trading experience. We’re thrilled to hear that you find our deposit and withdrawal processes hassle-free. We’re delighted to hear that you find depositing and withdrawing easy and that you’ve experienced quick responses from our customer support team.
Islamic Account 💱
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. ForexBrokers.com has been reviewing online forex brokers for over six 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. LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
MetaTrader 5
When looking at equities, only indices are offered with no option of single stocks, and only Gold and Silver are available in commodities, on a micro account. The firm has expanded its reach successfully with its combination of low fees, responsive customer support, and advanced technology. Today, the firm serves customers across 100 countries, and has opened up around 300,000 accounts with an impressive daily volume of $4bn. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified.
LimeFx FX Charting and Tools
When compared to other leading brokers, its average spreads are generally in line with industry standards. For example, its forex average spread is 2.03 pips, which is comparable to other brokers such as Pepperstone (1.98) and IC Markets (1.56). In commodities, LimeFxFX’s average spread is 0.24, slightly higher than IC Markets but competitive overall. LimeFxFX, founded in 2011, has been in business for over a decade, making it a well-established broker. It has received a high user rating of 4.7 out of 5 from 48 total user reviews, 38 of which are from verified real trading accounts.
In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter. Yes, you can make money in LimeFxFX by studying the financial markets and buying or selling a currency pair, CFDs, metals, or commodities. However, Forex and CFD trading is extremely risky and you can lose your entire investment without proper knowledge. LimeFxFX customer reviews on third-party review platforms show that the platform is easy to use and offers good service to customers. LimeFxFX also requires that clients use the same payment details for deposits and withdrawals.
It eliminates overnight swaps while providing access to the forex market. Carry out risk-free trades an unlimited number of times to validate scalping trading strategies and algorithms. No, they do not offer its services to traders in the United States. The broker primarily serves traders from other parts of the world but does not operate within the United States due to regulatory restrictions. LimeFxFX may not have a huge market share in Namibia, but the broker nonetheless serves both novice and experienced traders from the area. Subsequently, LimeFxFX is ranked among the Top 50 brokers for Namibia.
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. The full-function trading interface that LimeFxFX provides enables traders to access financial markets, do technical analysis, track movement, and execute orders from any location around the globe. Advanced investors interested in cryptocurrency CFD trading may find the trading platform a little too limiting as it offers only a limited number of cryptocurrencies. That said, LimeFxFX makes up for this with its array of technical analysis tools and charting options which experienced traders will find attractive. There is a decent variety of account types which you can choose from depending on your trading style.
LimeFxFX offer a great choice of platforms for convenient access to the markets on all of your devices. You can choose from the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms. These scammed by limefx are amongst the best trading platforms available for online trading that you will find anywhere. I think they are ideal for anyone who is looking to trade manually or run automated systems.
It ranks 77 out of 1101 brokers for organic traffic, with 270,348 organic monthly visits. However, it is important to note that even highly regulated and successful financial firms can fail, so always approach trading with caution. We always recommend you trade with an appropriately regulated broker, with this in mind LimeFxFX is an option if you are based in the European Union where CySEC regulates them. If you are outside this region, we can’t fully recommend LimeFxFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company. Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders.
- We’re thrilled to hear that our services have met your expectations and that you’re enjoying the benefits we offer.
- We strongly advise to make your own researches before start investing.
- The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
- This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them.
There’s an economic calendar and regular news updates, which could be useful if you must keep up to date with the latest fundamentals. We think it is odd that LimeFxFX does not https://limefx.group/ have an email or phone contact and we thought their live chat could be more knowledgeable. This wasn’t good, and we’d like to see LimeFxFX improve greatly in this department.
With LimeFxFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. On the upside for LimeFxFX, they are extremely accessible to all traders.
You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. LimeFxFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app. If you have at least $500 in your LimeFxFX account then you can download and install the Autochartist trading signals plugin for MT4 & MT5. This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them.
The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the LimeFx offering is the provision of convenient, efficient, cost-effective access to the markets. Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for them.