LimeFX guarantees low trading risks since it makes use of modern software and technologies. Additionally, traders are assured of maximum safety as well as speedy execution of orders; order execution occurs almost immediately. LimeFX allows traders to automatically withdraw their funds through various electronic payment systems. This is a major plus because it gives traders total control over their funds around the clock.
Clients have access to approximately 8 metal contracts and a total of 104 forex pairs. Also, the company provides multiple types of accounts to accommodate both beginner and advanced traders. LimeFX review for the LimeFX app is an extremely convenient way to access the LimeFX platform from your mobile device. This trading app allows users to quickly access market info with a single click. So the app boasts quick order execution, MT4 and MT5, low spreads, fast deposits and withdrawals, a variety of forex pairs, and full account control.
Top LimeFX Features
This type of account is very suitable for those traders who are just starting their way into the financial world. Since it is possible to trade small volumes with this account with smaller trading units, the so-called cent lots, traders bear fewer risks. This is especially convenient for beginners and those who are testing new strategies. In addition to working accounts, the company offers a demo version. This is a very convenient option for novice investors, those who want to practice and hone their trading skills and new strategies without the risk of losing impressive sums.
- But it can also lead to greater losses if you don’t combine it with a well-thought-out risk management strategy.
- While MT4 and MT5 are both excellent trading platforms, LimeFX’s in-house platform is easier to use for beginner traders.
- Is a regular dad trying to be smart about how we play and win in this big game of life.
- Like many other brokers, LimeFX offers support for the MT4 and MT5 apps, available on both Android and iOS.
Deloitte, one of the global auditors of the Big Four, conducts annual financial audits of the broker. This once again confirms the reputation and level of trust of LimeFX. LimeFX allows any trading strategy you prefer, including scalping. The minimum spread on a Standard and Pro account is 0.3 pips and 0.1 pips respectively. For instance, you can open a total of 400 Standard accounts, which include 100 MT4 demo accounts, 100 MT4 real accounts, 100 MT5 demo accounts and 100 MT5 real accounts in one Personal Area. You can find guides on how to build and test a trading strategy that suits your needs, as well as how to perform fundamental and technical analysis.
LimeFX Review: Is the LimeFX Group a Reliable Broker?
There are several trading platforms with LimeFX, allowing you access to the broker via mobile phone, web, and download. It is always a positive sign when a broker has a variety of platforms, as these allow you to trade from a desktop at home as well as on-the-go. Professional accounts are recommended for experienced traders due to their unique features, such as instant order executions. They include the Pro Account, Zero Account, and Raw Spread Account. Standard accounts are suitable for all traders, as they are the simplest and most accessible accounts offered by the broker. Client phone support is 24/5 in 16 languages, and 24/7 in five languages, English, Chinese, Thai, Vietnamese and Swahili.
The main feature of the broker, which is noted in the discussions by most of the company’s current clients, is the incredibly low spreads. One can also join the webinars to get a piece of investment advice. So, you’ll have professional hints on which assets are better to trade at a particular time. All of the materials are available in different languages, so there’ll be no obstacles on your way to find out more. Only after successfully verifying the client’s data—a new trader—can open a trading account and top up its balance. It’s registered on the islands of Saint Vincent and the Grenadines.
Choose your favorites for quick access or scroll through the top moving and most traded symbols of the day. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. For more information read the “Characteristics and Risks of Standardized Options”. Spot market opportunities, scammed by limefx analyze results, manage your account and make better decisions with our free trading tools. Your investments may increase or decrease in value, and losses may exceed the value of your original investment. Such an individual development makes it possible to constantly improve the terminal, adding convenient and necessary functions for traders.
Therefore, if he has to use both platforms it is advised to open separate trading accounts. Since traders can trade in the Forex market as well as other asset classes such as CFDs on stocks, stock indices, precious metals, and cryptocurrencies, the platform can be multi-active. There are over 80 currencies, 8 pairs with metals, 6 – with cryptocurrencies, 30 stocks, 9 indices, as well as oil.
LimeFX clients can also choose to hold their funds in any of the 80 supported fiat currencies, or the specialized metal currency accounts available exclusively on their platform. LimeFX does not charge any fee for downloading or using any of the various options of the platform. However, the Internet connection to use the trading terminal and other related fees are the trader’s responsibility. Presently, traders on MT5 can perform CFD trading on more than 80 stocks, which are listed on our website, and 10 indices, including US30, DE30, HK50, UK100, and AUS200. On MT5 with LimeFX, you can trade CFDs on metals in the form of currency pairs, which include XAUUSD, XAUEUR, XAUGBP and XAUAUD for gold and XAGUSD, XAGEUR, XAGGBP and XAGAUD for silver.
Lowest Spread Brokers
Established in 2008, the LimeFX Group is a multi-asset broker providing financial services to over 200,000 monthly active clients from around the world. The company is licensed by multiple regulatory institutions, such as Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA). Now users of LimeFX Web Terminal are able to see the proportion of Buy and Sell orders. The information is fully synchronized between Web and Mobile apps and has the data from all trading terminals the LimeFX customers use.
- A platform is a special Trading software that is used by traders to execute their trades.
- We tested LimeFX’s live chat and found that the customer service agents were polite and helpful.
- Unlike LimeFX’s proprietary web trader, algorithmic trading is available, and MT4 is fully customisable.
- This is both the theoretical base that every trader needs and the practical skills to create a successful strategy.
We comply with the Payment Card Industry Data Security Standard (PCI DSS) to ensure your security and privacy. Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page. Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC () compensation scheme; products are only covered by the UK FSCS in limited circumstances.
LimeFX MetaTrader 4
However, LimeFX offers high levels of leverage to traders, which in combination with low minimum deposits, could increase their risk of an account wipeout. Developed by MetaQuotes, a financial trading software development company, MetaTrader 4 was released in 2005 and licensed to brokers and those offering investment or brokerage services. Before the MetaTrader 4 was developed, MetaQuotes had released other financial trading products, https://limefx.group/ starting from FX Charts in 2000 and thereafter, the MetaQuotes platform. Since its release, MetaTrader 4 has become a leading and widely popular trading platform, preferred by online foreign exchange traders and brokerage services around the world. While it has low trading costs and minimum deposits on a range of trading accounts, excellent trading tools, and a range of trading platforms, the lack of FCA protection may be a concern.
Now, it’s necessary to touch upon the strengths and weaknesses the LimeFX possesses. No doubts, there are just a couple of companies that have the same authority limefx website in the forex industry. Since LimeFX Group is among the reliable CFDs brokers, one more reason to trust the company is the awards it currently possesses.
If your LimeFX account is not verified within 30 days of account registration, deposits, transfers, and trading functions will no longer be available. We were impressed by LimeFX’s wide range of deposit and withdrawal methods. Additionally, we were pleased that deposits and withdrawals are instant and have no fees, making funding your account (and withdrawing profits) much cheaper and easier than most other brokers.
Does LimeFX accept Bitcoin?
When you log in to your account you are immediately redirected to the platform. We found that the web trader has a clean user interface, and it is easy to navigate and search for various instruments. When the specified period has passed, the margin on positions opened during the period is recalculated based on the amount of funds in the account and the selected leverage value. To open a forex trade online, you need to have enough funds in your account to meet the margin requirement for the trade. Forex brokers usually determine this as a percentage of the total position size, based on your chosen leverage.