There is also access to market, pending and stop orders, plus embedded tick charts for accurate analysis. In addition, you can program your own automated trading robots using MetaTrader’s programmable language, MQL4. LimeFx follows an ECN/STP model, offering competitive limefx website trade execution and prices, with no intervention or re-quotes. Clients can trade on forex, cryptocurrencies, indices, metals and precious metals on the popular MT4 terminal. Trade currencies, metals, energies, indices and cryptos with flexible leverage.
The LimeFx MetaTrader 4 Broker software
transmits information to and from the markets on 128-bit encrypted connections. In addition to this,
LimeFx also offers the possibility to use the extended security algorithms of
Public Key Cryptography. Information secured in this fashion is virtually
impossible to hack in any short amount of time.
- Beginners can take advantage of some basic educational content and see what the broker has to offer with a demo account.
- Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance.
- Your trades are made on prices provided to LimeFx by its liquidity providers.
- I personally have a very good and decent opinion about LimeFx broker.
- Looking at the screen throughout the whole day, and watching how quotes jump does not give a sense of a presence in the market.
Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions. It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers.
Account Types
LimeFx also offers extended security algorithms using public-key cryptography, which should help keep scammers at bay. LimeFx offers 24/5 multilingual customer support via telephone, email or live chat. The latter can be accessed by clicking on the chat logo in the bottom right-hand corner of the website. This makes LimeFx a low-cost trading brokerage when compared to alternatives.
Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. LimeFx now offers trading in currency pairs, commodities, indices and cryptocurrencies. Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky. But what this broker has is debugged in work, like the most accurate mechanism.
- Clients can find the provision in the Investment Services General Conditions PDF.
- There is only one trading account type but several payment methods for you to choose from.
- There are no charges for making a deposit except for mining fees if you top up using crypto.
- LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below).
I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry. Some traders might not like the light level of regulation, but the trading conditions speak for themselves.
Does the broker allows new customers to take advantage from their virtual private services for free?
The methods include Card payments, Bank Wire Transfers, Neteller, Skrill, Neosurf, SOfort, Rapid, paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more. Yes, LimeFx gives traders access to major cryptocurrencies like Bitcoin, Litecion, and Ethereum available on a CFD basis. Yet note, that instruments may vary depending on the jurisdiction. LimeFx is not a scam, it is a regulated broker holding European license ensuring trading safety and client protection, as well as negative balance protection in case of insolvency. Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers.
LimeFx Demo Account
They also do not have frequently updated market analysis which could help gives us some further market insights. If you are just getting started on your trading journey and need guidance along the way, Fortrade is a broker with lots of educational resources. The “Education & Research” section of the broker’s website https://limefx.biz/ is replete with various educational resources, such as learning articles, forex news, traders corner blog, glossaries, educational eBooks, and more. There is an FAQ section that answers some of the common questions that you may have. I think there is enough to improve your trading if you are a complete novice.
The biggest advantage of this broker is…
Each practice account is loaded with $10,000 and provides access to the MetaTrader 4 platform download and mobile app. Prospective investors can sign up for a paper trading account in a few simple steps. The broker on the one hand is suitable for beginners judging by the minimum deposit. And also leverage levels are high on almost all of the asset classes.
The service provider is BeeksFX, but LimeFx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. LimeFx does not operate a dealing desk, or make a market in forex.
LimeFx Trading Platforms
Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals. By providing a unique suite of resources, a VIP level of services, combined with world-class support 24/5, our low cost trading environment provides the ideal base to succeed. 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. This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform. LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below). Clients have access to the full suite of the out-of-the-box MT4 trading platform.
LimeFx offers trading on forex, indices, cryptos, energies and metals on the trusted MetaTrader 4 (MT4) platform. In this 2023 broker review, we log in to the Traders Hub to explore minimum deposits, regulations, leverage and demo accounts. Read on for the pros and cons of signing up for an LimeFx trading account. For a final thought, we see LimeFx as a company that gives an opportunity to engage in trading with the STP/ ECN model and quotes provided directly by the liquidity providers.
LimeFx Details
We aim to help you find the best broker according to your own needs. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. No, they tend to be quite transparent and explicit about it and provide you all the information there is to know.
The broker doesn’t take the other side of trades, which differentiates it from Dealing Desk brokers. Client orders, stops, limits, and trades are executed with counter-parties, meaning LimeFx is firmly on the client’s side. In addition, LimeFx is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated in separate bank accounts at leading international banks so your money is safe from scammers. I think it’s a trustworthy broker from what I understand in the forex industry. The simple fact that LimeFx has been providing its services since 2010 continually tells a lot about the credibility of the company.I used to pay attention to the background of any entity first.
Here let’s have a look at some alternative brokers that we reviewed. While an LimeFx no deposit bonus does not exist, LimeFx offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFx occasionally introduces other bonuses and promotions, which have included a $50 LimeFx no deposit bonus or annual interest on free margin. The broker also provides you with copy trading via Multi-Account Management (MAM).