This includes international bank wire transfers for citizens of Thailand, India and Nigeria, for example. 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. Both platforms are suitable for beginners, though our experts note that MT5 offers more advanced trading features. Lime Fx is an up-and-coming broker that has been in operation for nearly 10 years.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The security of your funds – in terms of regulatory limefx courses scam protection – will depend on which Lime Fx entity holds your account, and which –if any – relevant regulations provide customer protections.
- 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.
- No other promo codes or no-deposit bonus deals are currently available.
- Lime Fx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated.
- Lime Fx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering.
Is Lime FxFX A Legit Company And Regulated Broker?
I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Lime Fx’s market research is well organized and varied in its content. Rather than specializing in any one field, Lime Fx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. Lime Fx Markets Incorporated is registered in St Vincent and the Grenadines. The online broker is licensed and regulated by the Financial Services Authority (SVGFSA).
The availability of these payment methods may also depend on your country of residence. Lime Fx does have a proprietary app for social copy trading (the Lime Fx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry.
Is Lime FxFX Legal In India And Pakistan?
If you encounter a withdrawal problem when using the Lime FxFX trading platform, you will receive a notification in an email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area. You can sign up and login to the Lime FxFX copy trading service in a few easy steps.
Lime Fx markets incorporated is a privately owned company and the exact owner and ownership structure are unknown. In most cases, if your documents are submitted correctly, verification should only take up to three hours. There is also an Islamic swap-free account for those worried about whether trading is haram or halal. 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. To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and amend the volume in lots. You can also add stop-loss or take-profit risk management alerts too.
Additional Features
The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) offer weak trader protection. Opening an account from one of the 185 countries where this license is used is considered high risk. 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. There is also an integrated economic calendar as well as two major accounting modes for greater flexibility; hedging and netting. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering.
Lime Fx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated. Traders outside EU can not trust Lime FxFX and should choose another forex broker instead. The overall score might seem lower than what each category’s score indicates. This is due to the fact that Lime FxFC forex trading is unregulated outside of Europe. We consider it to be very important that a broker is regulated by a regulator who offers strong trader protection. The overall score is therefore adjusted down due to the broker being unregulated.
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. It could also be worth viewing the published session timetable via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays. The minimum deposit is USD100, regardless of what type pf account you choose to open. After using the educational resources offered by Lime FxFX, we are confident that there is plenty of information for both beginners and experienced investors.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Lime Fx has made great strides with its pricing options for traders limefx broker reviews and its educational content, but suffers from a limited range of tradeable instruments. Similarly, the State Bank of Pakistan has declared forex trading platforms illegal in Pakistan.
Trading Platforms
Its growth has enabled Lime Fx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. 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).
This average customer rating is based on 9 Lime FxFX customer reviews submitted by our visitors. Compare the markets and instruments offered by Lime FxFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare Lime FxFX with the top 3 similar brokers that accept traders from your location.
Lime FxFX is a legitimate company registered in Saint Vincent and the Grenadines and regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The EU entity is registered in Limassol, Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online.
Use our country selector tool to view available brokers in your country. If you have traded with Lime FxFX we would really like to know about your experience – please submit your own review. Lime Fx Markets Cyprus Ltd and Lime Fxfx India Private Limited are owned by Lime Fx markets incorporated.
That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets.