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An XTB review is an overview of the online trading platform, XTB. It discusses the company’s history, tradable assets, regulations, reputation, and a step-by-step procedure on opening a user account. The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of Lime FxFx affiliates to receive bonuses or chat with the live support on their website to get the promo code. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. The account opening process of the broker is straightforward and can be continued if accidentally stopped.
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. 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).
Available Assets at Lime FxFx
You can either make payment through an online transfer, with an ATM, or using a standard bank account deposit. As Lime FxFX is a large broker, it fittingly offers a good range of funding options on both the fiat money side and the crypto side. As mentioned, Lime FxFX offers very competitive spreads and with the new rates due to the current COVID-19 epidemic, rates will be even better on all 3 accounts. Both are primary platforms with Lime FxFX and are the most popular platforms with traders in the FX market.
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Pros and Cons of Lime FxFX Trading Platforms
- You can use a free demo account to evaluate the platform first before depositing.
- Lime Fx broker offers three account types available at International porposal that also define trading conditions by the platform that is used for trading itself.
- However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience.
- The major forex pairs are offered, yes, but almost no emerging markets are.
- If you are in one of these regions then you should take a look at someof the other great forex brokers and find another broker to suit.
Romanian Forex traders have many brokerage choices, but beginners must start with in-depth education. The best Forex brokers in Romania are offshore Forex brokers, but many have an EU entity for Hungarian Forex traders who prefer to manage accounts under ESMA rules and regulations. However, the most competitive trading conditions are available at well-regulated offshore brokers that view Romania as a core market. They offer lower trading fees, algorithmic trading, copy trading, social trading, and mobile apps. The number of customers of this company is increasing day by day. If you search for it in online brokers, you will first see the name of the Lime FxFX.
Pros and Cons of Trading with Lime FxFX
Although EU zone traders only use the MT5 platform, users in other countries benefit from the adaptability of both MT4 and MT5, therefore providing a wider range of options. Another program offered by Lime Fx is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The Lime Fx Status Program allows traders to unlock various benefits based on their trading account balance.
Account Types and Spreads of Lime FxFX
- I can set up custom price alerts too so I always stay in the loop on market moves.
- The broker claims to process all withdrawal requests received within 1-3 hours.
- Out of the options available, I think MT5 is the best option with Lime Fx as it has the most technical features while also offering all of the broker’s financial products.
- Its charting allows users to do analysis just as with a desktop.
- These trader-friendly policies lead to Lime Fx receiving a top rating for its deposit and withdrawal procedures.
An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section. This could include opening an account with Lime Fx Markets Cyprus Ltd, or Uni Fin Invest which is Lime Fx’s Mauritius entity. When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS).
Few exceptions exist outside ASF control, including leverage restrictions by offshore Forex brokers, which do not require an ASF license. Romanian Forex traders are also free from opening trading accounts with offshore Forex brokers. Beginners receive a four-step, 30-minute introduction to CFD trading.
Furthermore, Emirati traders have complete control over the withdrawal of their accrued rebates based on the scammed by limefx withdrawal options available. Most Lime FxFX customers have reported prompt and helpful responses from the company’s customer support team. Yes, Lime FxFX provides various research tools, including market analysis and real-time charts. Furthermore, the platform functions as a learning hub, allowing traders to gain insights from successful strategies, thereby improving their trading abilities. Once your account has been funded, you can begin trading Forex and CFDs with Lime FxFX’s trading tools and features.
If you enjoy the imagery in the forex basics section then you’ll probably enjoy the videos provided too that will guide you through your MT4 account set up. These tutorials are for both the computer version and mobile app. Another video will take you step by step through your account section.
The Lime Fx mobile app allows users to manage all their accounts. This Lime Fx review aims to give a clear view of the broker and its services. We hope, with these insights, anyone interested in Lime Fx trading opportunities could decide whether to invest in them or not. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘Lime Fx scam’ is a correct evaluation of the our activities.
I find MT4 limefx forex broker makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. If you want to see how Lime Fx’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use.