Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.
- Traders can also get started with a $100 minimum deposit while the LimeFx.com group has good reviews from other users online.
- Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
- Mobile users benefit from total trade management without having to sacrifice functionality.
- An account manager is available with all of LimeFx’s trading accounts.
Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. The company’s current promotions include its Iron Worlds limefx official site Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition.
Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.
- Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.
- When we used LimeFx, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted.
- They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
- For any withdrawal problems, contact customer support on one of the channels described further below.
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. This review will fully report LimeFx’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods.
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. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link.
LimeFx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. The broker also offers an advanced blog section with numerous articles on the markets. In addition, a VPS is available for $30 per month or with a minimum deposit of $5,000. Mobile users benefit from total trade management without having to sacrifice functionality.
LimeFx Account Types
Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. LimeFx Online Forex Broker is an online CFD broker operating globally as a trade name of LimeFx Group of Companies, with headquarters in Limassol, Cyprus.
They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. Our services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. You should ensure that you understand the risks involved and seek independent financial advice, if necessary. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
Forex Trading Details
LimeFx offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. LimeFx offers more currency assets than virtually all competitors.
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures.
A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite https://limefx.biz/ offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
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 and keeps segregated accounts for traders.
All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. LimeFx Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free LimeFx Research app, which has no trading functions.
LimeFx operates as a brand of Notesco Ltd which is registered in Bermuda. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
The mobile offering also comes with the LimeFx Research app which gives users an overview of the financial markets and major news events. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. 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.