If you are interested and want to learn more about these account types, then feel free to check out our article on the best Islamic forex brokers. As with all Islamic accounts in the industry, in order to remain compliant with Sharia law, no swap fee is charged. In return, you may experience a slightly higher spread on assets traded through this account type. Lime Fx offers comprehensive 24/5 customer support globally, providing assistance through phone, email, messaging services, and live chat. Furthermore, Muslim traders can avoid swap fees by converting their live trading account into an Islamic Account. However, this subjects them to commissions to offset the absence of overnight fees.
Popular Forex Guides
Lime Fx offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call Lime Fx, there are 42 country-based numbers one can call from. This platform is the most widely used platform by traders and https://limefx.biz/ the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. These tools may include technical analysis software, charting apps, market scanners, and risk management calculators.
How To Open An Account
Lime Fx social and copy trading are both made available in connection with Zulutrade. The Zulutrade social copy trading platform allows you to open and account and connect it to your broker, in this case Lime Fx. It also offers extensive charting analysis with a huge range of additional charting tools. It is also a place where you can backtest your APIs and obtain live feedback as you code as well as publishing your own market analysis. Their low $50 minimum (applies to non-EU and UK clients) deposit makes them extremely accessible alongside a rewarding active trader program. The InvestinGoal team has gone in-depth on Lime Fx to provide the clearest possible insight on all key areas of the broker including security, costs, account types, and more.
Lime Fx Spread Betting Account
Most of these are also available free of charge to Lime Fx traders and can be applied on desktop, webtrader, and mobile. The broker also allows for you to customize these APIs or code your own algorithms in Java, C#, HTTP, and more languages. Such tools include a range of additional APIs like Rest API, Java API, and FIX API, as well as ForexConnect, all aimed at improving your algo-trading experience. This includes markets in the US, EU nations, China, Hong Kong, Japan, and Australia all with competitively low spreads attached. Micro contracts are also available which can be suitable for lower budgets and margin requirements. There are three of these available, the USD basket, the JPY basket, and the Emerging Markets basket.
If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month. Lime Fx offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. A news feed below the chart adds fundamental analysis to the mix, making this a great all-in-one platform that beginners should find easy to pick up.
The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base. Lime Fx is conducting research and education seriously while executing them well. Lime Fx is fully committed to automated trading solutions, professional traders, and institutional clients. Lime Fx provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the Lime Fx trading server. The fast order executions and deep liquidity further support demanding trading requirements.
Can I follow multiple traders in social trading?
Given that some degree of control is given to a third party its reassuring that risk management tools such as ZuluTrade’s Margin Call–o–meter are on hand. It offers competitive trading fees, a wide range of financial instruments, multiple trading platforms, fast execution speeds, and high-quality educational resources. Forex Capital Markets (Lime Fx) is an award-winning and leading provider of online foreign exchange (FX) trading, stocks, CFD trading, Cryptos, and related services worldwide. The broker was founded in 1999 with a mission to provide access to the financial markets via innovative tools and superior trading conditions. I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis.
These unique markets then, and the solid range of forex pairs, make Lime Fx a good choice if you are looking for market variety. 4The trading signals are currently not available to clients residing in the EU. The Trading Signals do not constitute and should not be regarded as an investment advice. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. A standard account with Lime Fx Malaysia requires a minimum deposit of 230 MYR / $50.
- Our broker reviews are reader supported and we may receive payment when you click on a partner site.
- Setting up an account with Lime Fx is to be recommended as it is an opportunity to keep up with a broker offering the latest features in a particularly user-friendly way.
- ✅Select the withdrawal destination for the card you used to make the initial deposit.
- Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it. Opening a live forex trading account with Lime Fx is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. When it comes to assets offered, Lime Fx is definitely outnumbered by the majority of brokers. Being a brokerage specialised in currencies, their offering should at least be significantly higher on forex pairs.
That being said, the live chat is online 24/5 so you may find that a better way of quickly speaking to someone. Designed as a platform for professional traders, this multi-asset platform comes equipped with extensive functionality. Everything’s included, from the built-in 130 indicators and 14 chart types to advanced automated trading support via AgenaScript(C#). Education exists via free online forex trading courses, webinars hosted by Lime Fx Senior Market Specialist Russel Shor, and written content with exceptional quality.
It fosters a community-based trading method where users can benefit from the collective knowledge of seasoned market experts. This distinctive attribute brings algorithmic trading within reach of a more extensive user base. Furthermore, Capitalise AI’s compatibility with this broker empowers traders to leverage market opportunities through sophisticated yet uncomplicated tactics.
- The EUR/USD average spread starts from 0.2 pips on the Active Trader and 1 pip on the CFD Trading Account.
- The wide selection of powerful trading platforms is one of the biggest selling points of Lime Fx for me.
- ✅Now that your account has been paid, you may start trading and interact with the markets using the trading platform of your choice.
- He is an expert in Compliance and Security Policies for consumer protection in this sector.
Forex
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago limefx forex broker Tribune, among other media outlets. An experienced media professional, John has 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. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), Lime Fx delivers a reliable, feature-rich mobile experience for forex traders. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. The trading instructions are accessible on their website and include subjects ranging from forex basics to sophisticated trading tactics. However, withdrawals, particularly via bank wire, may incur costs depending on the method and area. Yes, the broker periodically alters leverage and margin limits in response to market circumstances and regulatory guidelines. Forex leverage and margin are indispensable for traders seeking to establish substantial positions with a small amount of initial capital. Yes, they allow traders to trade share CFDs with access to over 200 business shares.
MetaTrader4 is the most popular trading platform in the world and boasts millions of users. The advantages of the platform extend a long way past it being robust, ideal for charting and coming packed full of indicators. Having been a cornerstone of trading for such a long period of time there is a well-established community of users who share ideas and trading tools, sometimes for free. Thanks to the global presence of the broker, they also have in excess of 20 numbers you can call from around the world to access customer service. Besides telephone, you can also contact Lime Fx customer service through the website-based live chat, and email.
Apart from preventing clients from owing their forex brokers a negative balance, it’s also a good risk mitigating practice. They are a broker who have been around for years and are regulated in multiple jurisdictions which gives me comfort that I can trust them with my funds. The broker has continually invested in advanced technological solutions to help provide clients with good trading conditions. This is evident with the absolutely outstanding range of trading platforms and tools available. The selection really does blow the competition out of the water, most brokers only have a few platforms at most. The excellent range of trading platforms already come fully loaded with more trading tools than most of you will ever need access to.
As mentioned, the timing is usually instant but wire transfer may take a couple of business days to complete. Your funds with Lime Fx’s regulated entities are also always kept in segregated accounts with top-tier financial institutions. This helps ensure that even if the broker did run into financial troubles, you would be fully protected. Lime Fx spread betting is made available where regulation permits, to UK and Ireland based traders. This spread as standard is pretty high but a good range of pairs are offered along with the unique forex baskets where you will also find a USD, and emerging markets basket alongside the Yen basket.
You will also have access to the latest news, research, and an economic calendar right there in the trading platform. MT4 with Lime Fx is available on mobile and smart devices as well as on desktop, though the webtrader is not provided. The platform will run on Android or iOS devices while the desktop variant works with Windows or Mac.