It includes risk score, gain, profit and loss, number of copiers, commission, orders history, and other information to help you make an informed decision. When you are ready to invest, tap Set up copying at the top of the screen. Engage with the community, ask questions, and participate in discussions about the traders you are interested in. This social interaction can provide valuable perspectives and help you make informed decisions.
Therefore, while historical returns can be a valuable reference, they should not be the sole criterion for selecting traders to copy. 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. The overall score might seem lower than what each category’s score indicates.
The minimum volume of the copied trade is 0.01 lot, the maximum volume of a copied trade is 100 lots. Once the service is activated, the trades will be copied to the Copier’s account regardless of whether the owner of the account is signed in or not. As part of the profile completion process, investors will also need to go through the identity verification process, which is an essential aspect of LimeFxFX copy trading. This involves submitting relevant identification documents, such as a passport or driver’s license, to verify their identity.
Upon the subscription to a Master, the Copier specifies the amount of funds to be deducted from the Wallet and invested with the selected Master. These funds and your profit will return to your Wallet when you stop copying the Master. We are constantly improving our product to make your trading experience better. The rating displays the list of Master Traders sorted by their risk score. The higher it is, the riskier are the strategies the Master Trader uses. The filter at the top of the screen allows you to also sort Master Traders by their gain or popularity.
- We do not recommend that you use this broker if you live outside the EU.
- Opening an account from one of the 185 countries where this license is used is considered high risk.
- The company’s mission is to provide outstanding forex and CFD trading services, via cost-effective, transparent conditions on a worldwide scale.
- Note, some local payment methods may also be offered depending on your country of residency.
- The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips.
Make sure to check all bonus terms and conditions before participating. When we used LimeFxFX’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. 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.
You have no real account to deposit
After completing the profile and identity verification process, investors can proceed to deposit funds into their LimeFxFX copy trading account. LimeFxFX provides various convenient and secure payment options, including bank transfers, credit/debit cards, and popular online payment systems. LimeFxFX 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. LimeFx Markets Cyprus Ltd is a Cyprus-based company regulated with licensing from the Cyprus Securities and Exchange Commission (CySEC).
- Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name.
- Choose from the best Masters of Forex and diversify your trading portfolio.
- Some traders may focus on short-term scalping strategies, while others may adopt longer-term trend-following approaches.
- Amend these Terms and Conditions at any time without prior notice to the Copier or Master Trader.
- LimeFxFX provides various convenient and secure payment options, including bank transfers, credit/debit cards, and popular online payment systems.
You can set up copying in equal, double, or triple volume or you can specify the preferred copy proportion manually. You can also add support funds to increase your investment. Education is one of our main values as a broker, as it helps traders improve to achieve their financial goals. That’s why we’re so glad to receive the Best Educational Broker 2023 award from Holiston Media.
All benefits of copy trading in the mobile app
Similarly, the State Bank of Pakistan has declared forex trading platforms illegal in Pakistan. You can sign up and login to the LimeFxFX copy trading service in a few easy steps. Once you login to your personal area, you can set up your copy trading profile and deposit to your wallet. You can also sign in to your new account using the Android app. To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and amend the volume in lots. You can also add stop-loss or take-profit risk management alerts too.
LimeFxFX company details
Implementing stop-loss and take-profit levels for each copied trade helps limit potential losses and secure profits. By managing risk and adhering to predefined risk management rules, investors can safeguard their capital and minimize losses during volatile market conditions. One of the crucial aspects of maximizing profits and minimizing losses in LimeFxFX Copy Trading is diversification. By copying multiple traders with different trading strategies, asset classes, and risk levels, investors can spread their investments across various market opportunities. Diversification helps reduce the impact of any single trader’s performance on the overall portfolio.
Trading Hours
The Bonus amounts 50% of the funds invested at the beginning of copying the Master. In this case, they will receive the IB commission with a coefficient of 0.5 and the commission for copying in full. Amend these Terms and Conditions at any time without prior notice to the Copier or Master limefx forex brokers reviews Trader. Such amendments take effect the moment they are published on the Service site in these Terms and Conditions. 9.3.reduce the commission set by the Master Trader and limit its maximum value for all her or his Master Accounts without prior notification or providing any explanation.
We’ve created a standalone app supplying all your needs as an investor. It duplicates all the functionality available to Copiers in the LimeFxFX Copytrading service on our site. You can now invest and manage your finances on the go, within a single free app designed exclusively for this purpose. Please mind that the Master can make both profitable and losing trades. If the amount of the Copier’s personal funds invested with the Master Trader upon withdrawal/internal transfer becomes less than or equal to the Bonus amount, the Bonus will be cancelled. The Service may cancel the Copier’s bonus at any time without prior notification.
All bank transfers are processed within 1-3 hours of a request. This is a significant advantage for investors using mid-term and long-term strategies as charges will not be applied for any positions held overnight. All actions with their subscriptions and trades are made under the Copier Area. The Service may reject the Copier’s bonus application(s) at any time without prior notification or providing reasons for such decision.
Your trading advantages with RoboForex
LimeFxFX will send a verification link to the email provided during registration for LimeFxFX 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 LimeFxFX copy trading. Utilize the social features available on the LimeFxFX Copy Trading platform. Take advantage of the copier feedback section to gain insights from other investors who have copied the trader you are considering.
This includes international bank wire transfers for citizens of Thailand, India and Nigeria, for example. Both platforms are compatible with several languages, including English, Arabic https://limefx.name/ and Hindi. Once you have opened and verified your account profile, you can begin trading. Below you can see the most important benefits and drawbacks of trading with this broker.
Start copying and earning with pro traders
This level of transparency can provide additional context and understanding of their strategies. Additionally, MT4 offers nine timeframes, four pending order types and one-click 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.
LimeFxFX is a forex, CFD and copy trading broker offering the MT4 and MT5 platforms. In this 2023 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.
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. LimeFxFX is an award-winning forex and CFD broker, founded in 2011.