This means that traders cannot lose more money than they put into their account and is excellent for beginners especially. The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection of educational videos, platform tutorial videos, whilst the LimeFx Live video feed is a service you will very rarely see with rival brokers. LimeFx claims to speak over 25 languages and customer support is available through all the usual channels.
- Leverage depends on the financial instrument traded and on client’s country of residence.
- European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).
- LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
- Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low).
- This includes pros, cons and an overall rating based on our findings.
They can give you negative balance protection which means that you are not at risk of losing more than the account balance. You just need to open an account with the correct entity to be eligble for this. Please note that if you already maintain a different LimeFx Account, you will not have to go through the KYC verification process as our system will automatically identify your details. MetaTrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level. All the features that made MetaTrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes.
The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market. If you are new to trading online and would like to learn more about the different platforms available and how to use them, LimeFx have a generous selection of tutorial videos that can help. LimeFx Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran. If you are from one of the restricted countries, feel free to look for an alternative broker on our compare brokers page. Your login details to the MT5 will also give you access to the LimeFx WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps. At LimeFx deposits and withdrawals are performed via the LimeFx Members Area, which is fully functional on all mobile devices and which has been designed with mobile trading in mind.
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With a poor selection of indices and commodities ( precious metals – Gold and Silver, 5 energies and 8 soft commodities ), we were disappointed to see a lack of any ETFs, options, bonds or cryptocurrency (Bitcoin, Ethereum, Ripple, etc). On the plus side, we think they have an excellent selection of stocks CFDs, in addition to a decent selection of forex pairs. However, outside of stocks CFDs and forex that we believe that LimeFx is lacking somewhat, and sometimes significantly so.
It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Dealing desk brokers can manage the risk of their clients’ trades in two ways. They can keep it in-house (and therefore effectively take the other side of the trade to the client), or they can push the risk out to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as LimeFx would take on. There is no way of knowing how often, if at all, LimeFx trades against its clients. At LimeFx there is a Demo Account facility that gives you a virtual balance of $100,000 to play around with and find your feet.
LimeFx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. 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.
They also provide education, market analysis tools and convenient funding options. 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.
Mobile Trading Platforms
LimeFx’s MT4/MT5 and Members Area login require ‘Login ID (MT4/MT5 account number)’ are informed on the mail we sent you after real account opening. Check the mail titled ‘Welcomee to LimeFx – Your Account Details’ and seven https://limefx.biz/ digits number in red is your Login ID. Login ID (MT4/MT5 account number)’ necessary for LimeFx’s MT4/MT5 and ‘Members Area (My Page)’ login can be checked through the mail we sent to you at the account opening.
Trade Execution
These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements. Different brokers use different names for trading accounts, offering different trading conditions for each.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and limefx reviews crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test.
All brokers want you trading, and when a trading account lies dormant, they begin to incur inactivity charges on the account. These need to be measured by how long your account can lie dormant before being charged a fee and secondly how high the fee is. We believe that LimeFx scores poorly on the length of the dormant period allowed, but scores well on cost. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”. Tom-next rates are determined by the money markets and are interest rate differentials between two currencies. Across is Standard and Micro accounts, LimeFx looks to make money on the trading spread rather than charge commissions.
For most online traders and investors, whether they are trading forex or CFDs (Contracts for Difference on various financial instruments), MetaTrader 4, is undoubtedly a household name today. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection. Automated trading is undoubtedly one of the most popular features of MetaTrader 4. It is remarkable data in itself that since 2014, over 75% of the United States stock share trades, including NASDAQ and the New York Stock Exchange, have been carried out through automated trading system orders. The fact that today automated trading on the MT4 software is also available for retail traders and investors is a huge plus, allowing trading not only on stocks but also on foreign exchange (forex), futures and options. The LimeFx MT5 platform offers all of the same powerful features that the LimeFx MT4 has to offer, along with more trading tools and advanced capabilities.
Click to view major or minor currency pairs Key Information Document.
