Nor does the broker provide us with information about the processing of withdrawals or the withdrawal waiting times. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA. Lime Fx is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). Also, similar to the copy trading service, there is no guarantee you will make a profit.

Distinctive features

• Withdrawal fees and withdrawal processing times depend on the payment processor, which Lime Fx transparently lists on its website and in the back office.
• There are also robo-advisor and individual investment portfolios, where traders can determine the profitability potential of each position and limit any losses on their investments.
• Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
• Lime Fx provides different types of accounts, suitableboth for beginners and professionals.
• Our headquarters are strategically situated at the heart of Limassol’s bustling business district.
• We aren’t impressed with the additional trading features available.

This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm. Lime Fx is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company.

Lime Fx fees compared to AvaTrade fees

Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2.

Lime Fx vs Other Brokers

It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding experience for all. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones.

Comprehensive Investment and Ancillary Services

• Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5.
• Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications.
• These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
• MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
• This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm.
• For example, MT5 is protected using data encryption, server authentication and more.

As mentioned above, Lime Fx’s accountstructure differs from the tiered approach common among brokers. They offer three forextrading account types, as well as a demo account. Lime Fx ranks among the better brokers due to its choice of trading platforms and services, but trading fees are high despite low minimums. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lime Fx advertises competitive minimum trading fees, but they regrettably translate into expensive actual costs.

How To Make A Deposit

This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time limefx forex brokers reviews market data, low latencyexecution, and advanced order types. In fact, on the website, there is access for them where they can access their private area using a username and password.

MetaTrader 4 is offered with Lime Fx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. The Forex ECN and MT5 Global accounts have brokerage fees of USD 3 per lot operated and USD 2 per lot operated respectively, apart from the spread. Lime Fx offers 24/7 customer support, but an FAQ section needs to be included. A direct line to the trading desk exists, but I am missing one from the finance department, where most issues can arise. Lime Fx explains its products and services well, and I doubt traders will require assistance.

We understand that they are the same methods as for making deposits and that the costs will be the usual ones. In the last 10 years, MT4 has maintained its position as the main platform for traders, due to its stability, versatility, and ease of use. It has numerous options and functionalities and offers multiple technical analyses, graphics tools, as well as the possibility of algorithmic trading and automation of the operation.

Education and research tools

Our evaluation of Lime Fx shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank Lime Fx down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. We aren’t impressed with the additional trading features available.

That being said, there are sometimes desktop versions available for which a download would be required. Lime Fx has a wide range of limefx official site markets to invest in, including various securities and derivatives. Traders placing a high volume of positions will also find the fees very reasonable.