By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime. Lime Fx clients with an MT4 account can also elect to become Master Traders.
Download MetaTrader 4 on your phone
- From the Lime Fx app, users can open positions in the Lime Fx account as well as in MT4 and MT5, which can also be done using those specific applications.
- Lime Fx offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa.
- Web and mobile trading platform Lime FxTrader enables you to diversify and upgrade your trading.
- We made the deposit through Tether via the TRC20 network, which has the lowest fees.
- I’d like to have seen an option for bank transfers as I feel most secure about this process.
- Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos and articles which are meant to help beginners find their feat.
Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, https://limefx.biz/ while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with Lime FxTrader accounts offering slightly lower spreads for Forex. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements.
Download MetaTrader 4 for all devices
Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. We performed our tests with a live account, using the MetaTrader 5 and Lime FxTrader platforms, opened with the Lime Fx Saint Lucia entity (Lime Fx Markets Inc.).
Trustpilot Users’ Review About Lime Fx
- Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by Lime Fx.
- While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.
- For instance, I found that the content on the Lime Fx Blog is not updated daily across all categories.
- Lime Fx also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and copy trading.
- Three account types cater to traders with different levels of experience.
The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams. The trading interface of Lime FxTrader is quite unique, it presents users with extended functionality.
Top Forex Trading Apps in South Africa (2025*)
Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant.
Lime Fx Copy Trading
The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. Everything you need to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading. We strive to offer the best trading conditions on the market to make trading more effective for our traders.
Currency Pairs (Forex)
Lime Fx does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based Lime FxTrader, along with the Lime Fx Copytrading app. Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques.
Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts. Lime Fx affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency. The available methods vary depending on the client’s residence and may include local bank transfers. Lime Fx does not charge deposit fees, and processing times limefx review range from instant to a few days.
The built-in news feed and economic calendar of the platform help traders stay current with market events. Moreover, the integrated copy trading function lets customers duplicate the winning strategies of seasoned traders, so promoting a cooperative trading atmosphere. For people looking for a sophisticated trading experience, Lime Fx’s MT5 platform offers a strong and flexible trading alternative overall. Lime Fx’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success.
The web-based Lime FxTrader platform is a beginner-friendly and convenient alternative. The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary Lime FxTrader. In my view, Lime Fx’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Compared to other brokers, Lime Fx claims to have low trading fees and charges nothing on deposit and withdrawal. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, Lime Fx.com, on desktop or a click of their app on mobile.
Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. The broker has its proprietary trading platform known as Lime FxTrader, which operates on web and mobile versions.
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). Lime Fx Fees are ranked low based on our testing and compared to over 500 other brokers. Overall, with our research we find Lime Fx ensures that customer information stays private by using cutting-edge encryption technologies to guard financial transactions and sensitive data. The broker also provides negative balance protection, therefore shielding customers from losing more than their account balance in a declining market.
