LimeFx Copy: copy trading app Apps on Google Play

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.

Is LimeFx a good broker?

Once you login to your personal area, you can set up your copy trading profile and deposit to your wallet. Our experts were also offered the chance to win real funds by participating in the LimeFxFX Champion demo contest. Upcoming competitions, duration and rules can be found on the broker’s website.

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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.

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Similarly, the State Bank of Pakistan has declared forex trading platforms illegal in Pakistan. 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. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

• Traders outside EU can not trust LimeFxFX and should choose another forex broker instead.
• Note, accounts are automatically deactivated if you never deposit or sign in to them.
• They might not have completely figured out the part of keeping their costs low, but they know how to keep clients safe.
• The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections.
• LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.

Both platforms are suitable for beginners, though our experts note that MT5 offers more advanced trading features. Traders who live within the EU will have their accounts placed under LimeFx Markets Cyprus Ltd. LimeFx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust LimeFxFX.

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There is also an integrated economic calendar as well as two major accounting modes for greater flexibility; hedging and netting. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.

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. It can also be a good choice if you are looking for a company that makes forex copy trading as easy as possible. If you prefer a broker that gives you access to a large selection of tradeable assets, then you are better off choosing another EU-regulated broker. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus).

LimeFx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated. Traders outside EU can not trust LimeFxFX and should choose another forex broker instead. 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. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyze price fluctuations and trends in the market, using three customizable chart and graph types. Additionally, MT4 offers nine timeframes, four pending order types and one-click trading. The overall score might seem lower than what each category’s score indicates.

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers https://limefx.name/ during the evaluation process. 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.

This is due to the fact that LimeFxFC 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. We do not recommend that you use this broker if you live outside the EU.

Each year, we collect thousands of data points and publish tens of thousands of words of research. LimeFxFX 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.

Paper trading accounts are a great way to practice investment strategies risk-free and learn platform terminal features and tools. 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). 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. Traders living outside of EU will have their accounts placed under LimeFx Markets Incorporated.

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 scammed by limefx is USD100, regardless of what type pf account you choose to open. After using the educational resources offered by LimeFxFX, we are confident that there is plenty of information for both beginners and experienced investors.

Also ensure you add additional security settings such as two-factor authentication (2FA) when using LimeFxFX platforms. The broker accepts clients in 150+ countries, though it is worth checking which entity you will receive services from. Make sure to check all bonus terms and conditions before participating.

LimeFx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFx 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. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.

When we used the LimeFxFX app, it was easy to integrate an existing MetaTrader profile into the branded app. You can set SMS price alerts and app notifications of market movers. The application also permits full account management including live deposits and withdrawals and copy trading services. LimeFxFX is a forex, CFD and copy trading broker offering the MT4 and MT5 platforms. 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.