LimeFX Manage funds from multiple accounts under a single
Simply put, this section offers free online basic forex courses where most of the key topics are explained in simple terms with the aid of interactive cards. All these cards contain illustrations to enhance the learning experience. Exclusively designed for new traders, the courses provide a basic understanding of the financial markets. It is important to trade responsibly because CFDs typically come with a high risk of losing money rapidly owing to leverage. As a matter of fact, at least 72% of retail investor accounts lose money when trading complex instruments like CFDs.
These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. We ranked LimeFX’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. Currently active as independent trader and educator in financial trading and investment. They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client’s orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.
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Simulated demo‑account trading is available but only after providing personal identification documents. There is also a running news feed with the latest market headlines and a link to Trading Central WebTV. One negative for LimeFX is the absence of guaranteed stop‑loss orders. Some brokers offer this feature for a fee, but LimeFX does not offer this at all. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.
Both will help you learn trading tools and market dynamics in a simpler environment. The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn’t support shares, and cTrader doesn’t support shares and futures.
Deposit and withdrawal
One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients. LimeFX says that due to the high volumes of their clients‘ trades, it can internally match a great deal of their order flow. This allows the company to minimize risk and costs without interfering with orders in any way. LimeFX does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. For UK forex brokers traders, LimeFX operates in compliance with the Financial Conduct Authority (FCA) regulation.
- You may find it interesting that LimeFX will check on your understanding of how leverage works and your risk tolerance.
- LimeFX offers multiple payment options for funding clients’ accounts and also for withdrawals.
- LimeFX’s research and insights tools are above average for the industry.
It means EAs, indicators, and scripts written for Metatrader 4 cannot be used in Metatrader 5, and vice versa. However, someone who is used to one of them will adapt more easily to the other. Created by the same company that developed Metatrader 4, Metatrader 5 is the more advanced form of the latter and answers many more modern trader requirements. As time goes on, MT4 features are no longer extraordinary because every platform will carry the same features and improve them with more advanced technology.
LimeFX Customer Support
The aim of this section is to enable traders to make informed decisions for a better trading experience. Regardless if you are a new trader, an established one or an institutional client, LimeFX will cater to your needs in a professional manner. VPS hosting is available at a charge which is the only unfortunate fact about his broker while commissions could be lowered given the overall success of this firm. Despite this, the bottom line remains that LimeFX is a world-class broker with an expanding asset and client base. An account with LimeFX should be part of any trader who seeks an excellent gateway to financial markets or who needs to diversify portfolios across different brokers. LimeFX executes its business model to perfection and is a prime example of how a brokerage should be operated.
Once you have opened a live account, you will receive login credentials for the trading platform. You can then switch between the demo and live accounts by logging in with the corresponding account credentials. Traders can choose multiple time frames to monitor and can easily add multiple trading indicators, such as moving averages. After setting up a chart, the mobile app allows traders to easily limefx review trade from the chart, with easy trade sizing and buy and sell directional orders. LimeFX is a multi-regulatory brokerage company that offers trading in a wide range of trading instruments like Forex, Indices, Metals, Futures, Energies, Shares and Cryptocurrency CFDs. LimeFX is one of the most popular brokers that has received over 95 international awards for the quality trading services it provides.
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LimeFX is known to cover most of the Forex markets making it suitable for different trade requirements. There is no account fee, and LimeFX charges no withdrawal fee in most cases. https://limefx.vip/ However, you will be charged if you withdraw your money to Neteller or Skrill without having traded, or if you refund to PayPal more than 6 months after the initial funding.
LimeFX Financial Services Ltd (the entity handling most European clients) is additionally authorized by the South African Financial Sector Conduct Authority (FSCA). On the negative side, the design is outdated and some features are hard to use. For example, it was hard to figure out how to remove an indicator from the chart. To get a better understanding of these terms, read this overview of order types.
However, they provide a demo account for new traders or beginners to help them understand how CFD trades work. This portal enables traders to access a wide range of historic and real-time data for most of the investment instruments like forex pairs, cryptocurrencies, share market updates, etc. Traders can also get information of the trading session time periods indicating both losses and gains for fundamental analysis. One of the notable aspects of the LimeFX broker service is the use of the same payment methods for withdrawing funds and funding traders’ accounts.
Why can’t i trade forex on MT4?
One of the most common reasons why traders are unable to trade forex on MT4 is due to broker restrictions. Some brokers may only offer certain trading instruments on their MT4 platform, and forex may not be one of them. This could be due to regulatory restrictions or other operational reasons.
Is LimeFX a good broker?
Final Verdict. LimeFX is best for forex and CFD traders who want a wealth of choices in trading markets. Their range of forex pairs and the ability to trade equity indices, individual company shares, cryptocurrencies, metals, and energy set them above competitors in this space.