A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
To sum up, the Lime FxFX Trading App is a reliable and user-friendly platform for stock trading, perfect for stock newbies and financial experts. It provides a wide range of trading accounts, convenient deposit methods, and access to educational resources. While the app offers security features, it’s important to remember the risks involved in trading and to conduct thorough research before investing. 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.
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. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Lime Fx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
Alternatives to Lime FxFX Trading App
Trade effortlessly with the Lime FxFX Trading App, a free-to-download, reliable, and user-friendly mobile finance platform that grants access to a vast array of financial markets. Known as a top broker in Asia, this app offers an intuitive interface for trading popular instruments like stocks, indices, and commodities. 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 limefx scammers with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
License
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. The availability of these payment methods may also limefx reviews depend on your country of residence. 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. Lime Fx (formerly Lime FxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
Program available in other languages
Lime FxFX Trading App provides a seamless experience for buying and selling commodities, stocks, and other assets. It offers you a range of trading accounts, including demo accounts for practice, and supports deposits in multiple currencies through digital wallets, such as DragonPay and Gcash, and different payment systems via banks and ATMs. It also offers zero commissions, portfolio creation, secure margin tools, online trading webinars, and access to various trading charts.
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. Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
However, when compared to research leaders IG, Saxo, and CMC Markets, Lime Fx has room to enhance its research offering. Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Lime Fx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of « Average Risk » within the ForexBrokers.com Trust Score rating system. Use our country selector tool to view available brokers in your country. The developer, Lime FxFX, indicated that the app’s privacy practices may include handling of data as described below.
You can also be assured that your funds are safe, thanks to the implementation of multiple layers of security features. Some features of the app include live monitoring of the stock market, effortless switching between different trading accounts, and more. The Lime FxFX Trading App also provides various trading accounts, including demo accounts for practice, and allows easy deposits and withdrawals in multiple currencies. With 24/7 customer support and educational resources, you can be assured all your concerns are attended to as soon as possible. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Lime Fx’s lack of additional reputable licenses heavily weighs down its Trust Score.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. 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). If you’re a novice to trading and stocks, the app also covers a wide selection of educational material to help you get started.
- Lime Fx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
- Lime Fx is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
- Lime FxFX Trading App provides a seamless experience for buying and selling commodities, stocks, and other assets.
- Rather than specializing in any one field, Lime Fx provides a wide assortment of content types.
Don’t forget that you can always get in touch with us through social media and enjoy our trading content there. Stay tuned for more updates, and make sure that you don’t miss our upcoming promos. Laws concerning the use of this software vary from country to country. We do not encourage or condone the use of this program if it is in violation of these laws. Softonic may receive a referral fee if you click or buy any of the products featured here. Rather than specializing in any one field, Lime Fx provides a wide assortment of content types.