Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with. You can open a free demo account limefx website to learn how to use the platform and practice trading online risk free, until you build enough confidence to open a live account. The very first generation of internet-based foreign exchange (forex) trading platforms emerged in 1996, making it possible for foreign exchange to develop at a much faster pace and for customer markets to expand.
- As they are completely reliant on MetaTrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there.
- Thе MT5 platform оffеrѕ еvеrуthing thаt thе MT4 does but аlѕо оffеrѕ уоu CFD trаding whiсh iѕ unavailable with MT4.
- If you want to trade with less than $200 then you would need to look at the micro or standard account options.
- Re-quotes are a nuisance factor to deal with for any trader especially when you want to take advantage of volatility.
- They also have a range of tools and calculators that provide everything a trader needs when making certain calculations.
- The online trading platform MetaTrader 5, or commonly known as MT5, is the successor of the well-known MetaTrader 4 (MT4).
Micro Accounts allow the clients to trade micro lots which are 1,000 units of the base currency. Micro accounts are designed for beginners who want to get started in forex trading. Micro accounts give you the ability to learn how to trade forex without risking a lot of money. LimeFx offers free demo trading accounts https://limefx.group/ so that you can practice forex trading before opening a live account. Once you feel confident enough to trade forex, you can open a live account. On the other hand, Standard accounts are for those who want to trade larger amounts and trade standard lots, which are 100,000 units of the base currency.
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs.
Introduction to LimeFx Forex Markets
Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.
In the event that a complaint is received, LimeFx will work with the customer to resolve the issue as quickly as possible. LimeFx takes pride in offering outstanding customer service and is always looking for ways to improve the customer experience. In addition to providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5. LimeFx Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading. From my experience, execution can play a big part in your trading results, especially if using a scalping strategy.
The advantages are very clear for VPS service giving you the ability to trade in the event of poor internet connection speed, computer failure or power cuts. LimeFx VPS is a free service for those who maintain a minimum trading account of USD 5,000. LimeFx, unlike other brokers only offers flоаting spreads, аlѕо known as vаriаblе ѕрrеаdѕ. They vouch on providing only this type because fixed spreads are normally higher and that they can stay competitive enough and give assurance to their clients that their spreads always remain low. At LimeFx the client comes first regardless of net capital worth, account type or size of investment.
- Although High Leverage can increase magnify your profits it utilised correctly it can lead to large losses that can indent one’s capital.
- I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way.
- Most of the deposit options will allow you to have your deposit processed instantly.
- They are a leading broker that has an impressive 16 trading platforms with over 1000 trading instruments across 6 asset classes and various convenient funding options for quick and easy account funding.
At LimeFx demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed. They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be. With LimeFx the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them.
At LimeFx, you can keep your demo account parallel to your trading account for an unlimited time. You have the freedom to use your demo account to test strategies, and then use the most effective ones on your real account. Open a demo account, use it to test the basics, and after a while open a real trading account fit for beginners with smallest minimum deposit and flexible leverage.
Does LimeFx Broker charge for depositing or funding an account?
You can reach them no matter what time of day it may be through their live chat feature. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more.
Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading.
It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. LimeFx Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs. They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort.
LimeFx MT4 Features
Lower overall spreads can be achieved by LimeFx as they are the sole dealer in every single trade. Having been around since 2009, LimeFx are regulated by a number of trusted authorities. They are authorised in the European Union, as well as being regulated by the FCA in the United Kingdom.
The biggest advantage that MT5 possesses over its predecessor is its flexibility to offer an extended number of instruments from various asset classes with different settings, all tradable from the same interface and the same trading account. LimeFx along with the majority of brokers charge a spread to their clients and that is the reason why the majority of traders choose a broker with low spreads. Spreads can be calculated by spread value in pips × traded lot size. Overall our online LimeFx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online LimeFx or you find inaccurate details LimeFx broker review please get in touch with us and the changes will be applied. The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries.
Major Currency Fundamentals
The main headquarters of the company are located in Limassol but they also have offices in other countries such as the United Kingdom, Hungary, and Greece. With so many rewards and incentives already, you might think that LimeFx could not be any more generous, but you would be wrong. In addition to all other bonuses and rewards, a few times a year LimeFx will offer special seasonal bonuses marking certain calendar events and occasions that will be available for very limited periods of time. In addition to this we will also offer highly exclusive bonuses that will be made available on an invitation only basis. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front.
This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators. They are also regulated with the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA). Fantastic Execution policy- LimeFx broker vouches on having 100% execution rate with no rejection and re-quotes on orders that have been established in 2010. Re-quotes are a nuisance factor to deal with for any trader especially when you want to take advantage of volatility. Also, the vouch on executing 99.35% of all their trades in less than one second. Out of all the above-mentioned options, choose the option you prefer and click on it.
Please note the different leverage offerings to European (EU) and International Investors/Traders. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. More than 14 languages are catered for through the customer support service at LimeFx.