You can trade through LimeFx with any of the 3 trading platforms that the broker offers. LimeFx crafts diversified account types to cater to the multifaceted needs of traders. Whether you are a novice exploring the domain or a seasoned trader, our accounts are designed to meet your specific requirements and trading goals. Explore the comprehensive trading solutions with LimeFx and elevate your trading experiences to unprecedented heights. LimeFx’s expansive outreach has democratized access to the Forex market, setting benchmarks in offering cost-efficient trading conditions and transparent services on a global scale. Our barometer of success is calibrated to exceed our clients’ soaring expectations, ensuring a coherent and client-centric approach across all interactions.
- The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
- However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line.
- LimeFx Copytrading offers a platform where you can automatically replicate the strategies of expert traders, allowing you to save time and bypass the need to develop your own trading strategy.
- The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase.
- The economic calendar displays a list of up and coming financial news releases including the country and level of impact.
LimeFxFX is licensed and regulated by FSA SVG license number #19776 IBC 2011. Both MetaTrader MT4 and MT5 stand out for the charting tools they offer. The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.
Finally, LimeFx offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFx provides advanced analytical tools, including charting capabilities and various technical indicators. There are 35 currency pairs to trade for most limefx forex brokers reviews traders across the globe, but only 28 pairs are available if you live in the European Union. While 35 pairs mean LimeFxFX offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility.
Mobile Trading Apps
Regarding financing transactions, LimeFx guarantees that traders get the full value of their capital flows by not charging deposit or withdrawal fees. Designed to cater to beginners and seasoned traders alike, MT4 provides users with powerful charting tools, technical analysis abilities, and automated trading operations through Expert Advisors(EAs). Utilizing the Demo Account is an invaluable opportunity for traders to hone their abilities. It provides a simulated trading environment with virtual funds for the risk-free exercise of trading strategies. The account facilitates risk management and automated trading with spreads beginning at 0.6 pips without requiring a commission.
Copiers must fund their copy trading account before following Master Traders. They may opt for a direct deposit or transfer from their trading account. LimeFx displays a recommended amount to allocate to each Master Trader.
What is the Minimum Deposit at LimeFxFX?
They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. Our spread module indicates that with LimeFxFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account.
There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if https://limefx.biz/ you prefer MT5, then choose MT5 account. Overall, the spreads at LimeFx are considered quite low & there is no extra commission charged.
This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads. You can read about our findings in our Standard Spreads test results.
Deposit and Withdrawals
Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. Initial deposits are not too high and a variety of instruments for trading. The overall trading fees is quite low with all 3 accounts, plus they are also a CYSEC regulated broker. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Trade on the go with the LimeFx trading app
The broker uses a no-dealing desk trading model, which means they send your trades directly to the liquidity providers, who will be the counterparts of your order. This trading model is called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model. You will also find this model has the advantage of no requests and very few rejections since market rather than instant execution is being used. Currency translation costs are a major concern for LimeFx traders since accounts are held in USD. Conversion fees may apply to traders who deposit or withdraw in various currencies. It is higher versus many brokers but well within a reasonable range and justified by its products and services.
Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services, explaining why LimeFx has attracted deposits from more than 6 million traders. Beginner traders get the most educational value from webinars, which LimeFx also publishes on its YouTube channel. I also recommend the 21 well-thought-through articles and its 11-video beginner’s course, which introduces new traders to financial markets.
Founded in 2011, LimeFxFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs. You can choose from a decent variety of versatile account types, each designed specifically for different types of trader. I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment.
Keeping funds separate from the company funds means that they cannot access them for any other purpose. LimeFxFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero. The risk management system ensures that clients cannot lose more than they initially invested as risk is limited only to the funds you have deposited into your account.
We think it is odd that LimeFxFX does not have an email or phone contact and we thought their live chat could be more knowledgeable. This wasn’t good, and we’d like to see LimeFxFX improve greatly in this department. Copy trading is a cool concept, but we urge you to be very cautious about who you copy and do your due diligence into the skills and trading strategy of anyone you want to follow.