That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker. The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses.
Is LimeFx A Good Or Bad Forex Broker?
We aim to help you find the best broker according to your own needs. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
This broker has fabulous trading…
The broker also provides you with copy trading via Multi-Account Management (MAM). Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so. Instead, you can select a professional trader with a solid track record and start copying trades in return for a small commission to the manager. For me it’s really an optimal solution, because I am a scalper and even a trader with several days experience will tell you how it’s important for scalpers to have seamless execution! It’s ensured by those technologies used by the LimeFx broker, it’s a STP/ECN mechanism which guarantees fast execution without slippages even when the market is overloaded with orders from traders around the globe.
First Deposit Bonus
This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Whatever your level of trading experience or demands, we believe we have the right account for you.
The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Although LimeFx does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on LimeFx. LimeFx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. Our team rates LimeFx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing.
How many instruments can I trade with an LimeFx account?
Overall, LimeFx is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform. You can benefit from a range of competitive trading conditions, such as low spreads from 0.0 pips, zero commission fees and reliable execution speeds. There is only one trading account type but several payment methods for https://limefx.name/ you to choose from. Beginners can take advantage of some basic educational content and see what the broker has to offer with a demo account. The broker has solutions for money managers and those of you who want to copy trading signals from other trades. However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough.
LimeFx is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time. Any trader who is familiar with MT4 will feel right at home with the user interface on the MT4 Multi Terminal. The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes.
They have been established over a decade ago, so it they’re not going anywhere pretty easily. I like their no dealing desk approach too because they ensure that the trades are got executed with conterparties without taking the other side of the trade.which is a huge thing if you really want to trust your broker. It establishes a transparent environment for trading with minimal interference from the broker.it is also a very budget friendly platform, which is another great advantage for a lot of traders out there. With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation.
- LimeFx offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
- I would always like to check a calendar prior to taking any trade decision.
- Practice your forex trading skills or test new strategies with zero investment.
- The $0 minimum deposit also makes the forex broker accessible for new traders.
- We aim to help you find the best broker according to your own needs.
The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. The MT4 platform is available in desktop, web, and mobile versions. I use the desktop platform for running automated systems as it is the only version which can.
Through the LimeFx Partners Hub, our valued partners can access a wide range of marketing material and full range of statistics. The logic is simple, the more active clients you have and the more they trade, the higher rebates you will receive. The same process is followed when opening a Live and Demo Account. The applicant can complete the form and set a unique password or select to open an account via their Google or Facebook accounts.
However, bank cards and wire transfers take up to five working days. I am satisfied with LimeFx’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. Islamic traders will also be pleased that a swap-free account is available upon request.
I would always like to check a calendar prior to taking any trade decision. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features limefx website including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection. The broker can accept clients from most countries but does not provide services for United States residents and/or citizens.
However, other important tools for market analysis such as Trading Central and AutoChartist aren’t available at LimeFx. If you would like access to these industry leading signal generating tools, then GO Markets provide both. That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss. I’m talking about those traders who started trading quite recently.
The Applicant can start the registration process by clicking on the blue “Register” button that is located at the top right of the LimeFx landing page. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. ForexBrokersOnline.com earns money from affiliation deals with our partners.