Forex Trading

MetaTrader 4 Trading Platform

LimeFx metatrader

The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.

LimeFx vs Other Brokers

LimeFx gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFx also offers social trading via its AutoTrade platform limefx website and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool. LimeFx is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips.

Why MT4 is suitable for beginners

Success in online trading and investing depends on proper planning based on solid information and useful market insight. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal.

Trading platform

LimeFx holds a «Trusted» rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. For instance, the UK traders get to benefit from up to €50,000 default protection if LimeFx folds up. In this same regard, EU traders get to receive €20,000 as compensation if the company folds up. Furthermore, the client’s funds are protected and segregated from LimeFx Capital. The secure LimeFx back office handles all financial transactions for verified clients.

Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. The lack of trading in equities and options besides the share CFDs might disappoint stock and options traders, although LimeFx might be suitable for traders who only want to trade in these markets. For a wider range of asset classes, you might want to look for a different online broker. While LimeFx offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers.

MT4 Advanced Trading Features

We should probably stress that the minimum deposit starts from $100 with a micro account and goes up to $10,000 with a VIP account. From the trader’s portal, you only have to navigate to payments and click on withdraw and follow the instructions you find there. If you run into any withdrawal problems you can easily contact the customer support and you will be attended to swiftly. Traders can also use this free MetaTrader 4 download to perform several functions across desktop devices including Mac. There are over 30 pre-installed indicators, real-time views and some automated trading abilities. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions.

You can reach customer support directly on the LimeFx website through its live chat feature. The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages. LimeFx also provides MetaTrader 4 Advanced which offers access to the industry’s latest trading features including automated strategies and built-in ability to use Expert Advisors. LimeFx MetaTrader is a program that enables you to trade currencies, commodities, CFD indices and stocks. The platform offers you one-click trading functionalities and the facility to set trading alerts and trading signals. You can also use the build in indicators the make complex chart analysis.

LimeFx’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases.

Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. With respect to data security, LimeFx uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM). LimeFx also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security.

LimeFx metatrader

They obtained several licenses to trade from the UK Financial Conduct Authority (FCA). In the short time that they’ve existed, LimeFx has garnered a lot of reputation as it has partnered https://limefx.biz/ with several global brands including FC Barcelona. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders.

There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). LimeFx customers can choose from a good range of deposit and withdrawal methods. Traders can use the free MT4 download to install the platform on desktop devices, including Mac.

  • The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution.
  • In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM).
  • LimeFx accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea.
  • The reason LimeFx has a handful of license and regulations is because these licenses serve as a legal protection for their clients.
  • The MT4 Webtrader is a 100% web-based platform, which offers the same features and functionality as the downloadable version.

An account manager is available with all of LimeFx’s trading accounts. When we used LimeFx, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator. LimeFx also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Each demo account imitates real trading conditions, the only difference is virtual money is used. Withdrawal times vary depending on the banking provider but range from the same day to 10 days.

This allows traders to trade and manage multiple MetaTrader 4 accounts at a time. Our team of expert in-house developers has designed this platform specifically for Multi Account Managers such as professional traders and investment portfolio managers. You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry. The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates. All this together makes trading on company’s platform profitable and efficient.I trade currency pairs.

The well-structured trading environment and dedicated customer support team, make it a great broker to register with. There is a multitude of available trading platforms with distinct features, focusing on different methods of trading or specific financial assets. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.

The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, LimeFx provides a standard cost structure without significant advantages. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.

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