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.
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.
When we used Lime FxFX’s deposit bonus scheme, we were only permitted to withdraw a reward after completing the minimum volume requirement. So, if you claim the 50% bonus on a $100 deposit, the minimum volume requirement will be 25 standard lots. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Trading Platforms
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.
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 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.
Can you trust Lime FxFX?
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 limefx broker reviews 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.
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 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.
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Investors should regularly review the performance of their copied traders, ensuring that they remain consistent with their stated strategies and risk management approaches. 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. Staying vigilant and proactive in monitoring the performance of copied traders is key to maximizing profits and minimizing losses. Lime FxFX Copy Trading is built upon the concept of social trading, where investors can automatically replicate the trades of successful traders. Through the Lime FxFX Copy Trading platform, traders can showcase their performance, and investors can select and copy their trades in real-time. The platform provides a transparent and user-friendly environment for investors to participate in the financial markets without requiring extensive knowledge or experience.
- Opening an account from one of the 185 countries where this license is used is considered high risk.
- You can sign up and login to the Lime FxFX copy trading service in a few easy steps.
- After using the educational resources offered by Lime FxFX, we are confident that there is plenty of information for both beginners and experienced investors.
- Look for traders who have demonstrated consistent positive returns, indicating their ability to navigate the markets successfully.
Lime FxFX is a No Dealing Desk (NDD) broker and therefore acts as an intermediary between the trader and the market. Lime FxFX receives commissions from its liquidity providers for each transaction. Lime FxFX is a legitimate company registered in Saint Vincent and the Grenadines and regulated by the Saint Vincent and the limefx courses scam Grenadines Financial Services Authority (SVGFSA).
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.
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.
Overall score
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.
