There are also no guaranteed stops and no vanilla or binary options, meaning that as with all trading platforms you buy and sell with LimeFX at your own risk. The LimeFX trading platform includes the usual custom tools and backtesting, but LimeFX also brings several unique add-ons of their own to the table. These include the LimeFX Vault, which allows you to keep an amount of your funds separate in a secure virtual vault, to be used for future trading. There is a swap-free Islamic account available on request, as well as a demo account to let you get the hang of MT4 trading with LimeFX before committing to live funds.
- With mobile devices getting more popular nowadays, LimeFX has also made it a point to cater for traders who wish to trade from their mobile devices.
- On the down side, there are no bonuses or promotional offers with LimeFX, in accordance with its licensing regulations.
- It’s probably no surprise therefore that LimeFX prides themselves on delivering an outstanding service to all clients, both private and corporate.
- The customer support service at LimeFX is comprehensive and professional.
It’s probably no surprise therefore that LimeFX prides themselves on delivering an outstanding service to all clients, both private and corporate. There is no limitation to the virtual money you can have in Demo accounts either. Your demo account will be instantly created and you will be redirected to your LimeFX Direct account page. Investing.co.uk has been helping British traders find the right broker for over 20 years.
LimeFX vs Other Brokers
Founded in 2006, LimeFX is an online forex broker brand offering a free demo account and integration with several popular trading platforms like MT4 and MT5. LimeFX are regulated both in the UK, by the FCA, and in Cyprus, by CySec, which means great protection for traders. LimeFX is an award-winning forex, CFD and spread betting broker with over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers 24/5 customer support, earning it a high trust and safety score.
You can open Demo accounts of MT4, MT5 and cTrader as you wish anytime you want. In addition, with LimeFX being a regulated in 3 different jurisdictions, you can be assured that your deposited funds will be handled in a professional and ethical manner. It also means some trader protection measures are guaranteed – these include negative balance protection for example.
To date, the range of tools provided by LimeFX is the most comprehensive that we have seen any broker provided to their clients on a free of charge basis. In addition, premium account holders also get to enjoy a wide range of exclusive perks that will supplement their trading skills. In short, LimeFX has managed to bring financial trading right to the palm of the trader. The maximum amounts which LimeFX’s traders scammed by limefx can claim under the above mentioned schemes are €20,000 and £50,000 respectively. Secondly, for clients in UK and Europe, their trading funds are further protected under the Investors Compensation Scheme (CySEC) and Financial Services Compensation Scheme. First of all, traders can be assured that LimeFX operates with transparency and within the regulatory requirements imposed by the FCA, CySEC and FSB.
This is useful if you aren’t able to access your own trading terminal for whatever reason. This web-based version of MT4 is optimised for online use, with improvements including a redesigned layout and real-time risk statistics. MT4 for Mobile comes in Android, iOS and web-based versions and includes rapid trade execution and a user-friendly interface optimised for mobile devices. LimeFX clients using MT4 can choose from a fixed spread account with instant execution, a floating spread account with instant execution, and a floating spread account with market execution. As previously mentioned, it is also possible to open a demo account and “try before you buy” with a virtual balance of $500,000. LimeFX also offers a VIP premium account for high net worth clients and/or those who are actively trading in large volumes.
LimeFX has a commitment to full transparency and trade execution statistics, in the form of slippage and requotes data, are published by the company regularly. Client accounts are fully segregated and protected by the rules of its regulators and are held with major banks including Barclays and the Royal Bank of Scotland. LimeFX operates a policy of negative balance protection, which should stop you from going into the red on your forex account. Although it is always possible that you could lose the money you have invested, appropriate margin calls will stop you from losing any more than your initial investment. MetaTrader 4 is the longest running and most established of all trading platforms.
Trading Platforms
For 24/7 trading ability, traders at LimeFX can make use of the VPS to upload their expert advisors hence enabling them to trade around the clock without any interruption. Trading tools such as the earnings and economic calendars helps traders https://limefx.vip/ to keep track of upcoming events that will have a bearing on prices in the markets. The minimum recommended initial deposit for MT4 and MT5 traders is $1000. Nevertheless, traders are permitted to deposit as little as $100 at a time.
These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. For traders trading with fixed spreads, the spread for the EUR/USD can range from 1.6 pips to 2.5 pips depending on the trading time. Apart from the mobile trading apps for the MT4 platform and cTrader, LimeFX has also offered additional tools which mobile traders can download and install onto their smartphones or tablets. A range of technical indicators and order types are available and hedging is supported.
Using LimeFX MT4: A Traders Guide
When you first launch the platform, you’ll be asked to create a new LimeFX MT4 account or login with your existing credentials. If you’ve already created an LimeFX MT4 account, enter the username and password that were emailed to you upon registering. The MetaTrader 4 platform update will be released on Friday, March 24, 2023.
With a standard LimeFX MT4 account, the minimum deposit is $100, although the firm recommends depositing at least $500. A full range of educational resources are available in the LimeFX Trading Academy, including webinars, video tutorials and live forums. These take trading beginners all the way through the basics of how to trade, up to advanced strategies for successful trading on a variety of markets. The library of video tutorials is very extensive, and many give general trading advice and tips as well as lessons on using the LimeFX trading platform. Again, this sets LimeFX apart from many other online brokers which often only explain how to use their platform. Webinars take place several times a week and need to be registered for in advance.
However, you should be aware that MetaTrader 5 and cTrader are only available with LimeFX’s Standard account. If you’re unsure which account to choose, you may be relieved to learn that you can open multiple accounts with LimeFX. As an integrated feature of the MT4 terminal, the MetaEditor software allows for the creation, modification and compiling of custom indicators and expert advisors in MQL4 coding language. Automate your MT4 trading strategies with the LimeFX Virtual Private Server from BeeksFX. Account representatives are available 24 hours a day, Monday to Friday, to assist you or answer your account- and trading-related questions. And you’ll have access to an outstanding range of six highly advanced, easy-to-use Trading Platforms (you get to choose which ones you prefer, according to your preferred style and method of trading).
Before you trade, AskTraders.
LimeFX’s free Demo Account provides live quotes, charts, news and analysis, and you can use it to Analyse and test your trading strategies under real market conditions without any risk. For potential traders who wish to try out what LimeFX has to offer, the broker has also made available demo account that come with a maximum practice balance of $500,000 in virtual cash. The demo account are free of charge and are available for the MT4, MT5 and cTrader platforms. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
Trading Instruments Comparison
Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and … MoreTrade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds with this ECN account.
At LimeFX, they specialise in helping new and inexperienced traders learn the terms and trading strategies used in the often complex world of currency trading. The customer support service at LimeFX is comprehensive and professional. Traders can get in touch with the support team through a variety of methods such as email, live chat or telephone. The key advantage of premium accounts is the fact that the accounts are designed for large volume trading, at a more competitive rate. The minimum spreads on some of these assets also depend on the type of trading platform used.
Support is available 24 hours a day, five days a week, closing at midnight on Friday and reopening at 11 pm on Sunday night. Although the lack of weekend support may be frustrating, this is common practice among similar companies. The contact page on the LimeFX website lists details of each department, email and phone number, so that you can be sure of getting through to the right person. The LimeFX website can be accessed in 20 languages, a testament to this company’s truly international presence. When depositing funds, payment can be made by using bank transfer or credit and debit cards, including Visa, Visa Electron, Visa Delta, MasterCard, Maestro International and Maestro UK.
Deposit & Withdrawal
When signing up with LimeFX however, be aware that it may take several days before you can start trading. You’ll need to provide a colour scan of your passport, national ID or driving license, and then be able to answer a series of compliance questions to establish your level of trading experience. This can take up to 15 minutes, and then you may have to wait a few days to be approved, although equally you may be approved straight away. Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage … MoreTrade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage on MT4 or MT5. LimeFX is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus and the Financial Services Board of South Africa.