FxWirePro is a renowned financial analysis and research firm that provides you with frequently updated market news, expert analysis, and trading tools. LimeFX is proud to present you with the popular MetaTrader (MT) platforms. These platforms were designed by the Cyprus-based trading software firm ‘MetaQuotes Software Corporation.’ The MT5 is the newer version of the MT platforms. However, I still prefer the MT4 as I find it more user-friendly with a simple user interface. Both versions are free for you to use and available as desktop applications, WebTrader and as mobile apps. The application interface of both platforms is very similar, both on mobile and on computers.
The easy to use website and range of 250 trading instruments have opened up the brand to traders of every experience level. LimeFX offer spreads on major currency pairs of just 0.4 pips, which are some of the tightest on the market. The spreads available on trades will https://limefx.group/ depend on the type of account held. The micro MT4 account offers spreads starting from just 1.7 pips when trading major Forex pairs. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.
The opening of an LimeFX trading account takes place in several steps. Particular attention should be paid to the choice of account type which we limefx broker reviews will discuss in the next section. Keep in mind that depending on the type of trading account, you are granted a corresponding range of functions.
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However, this is in exchange for a minimum deposit of 500 USD, which is relatively high. Our review was also pleased to see the broker offers binary options, known as fix contracts. These are great for beginners, offering a straightforward ‘yes or no’ proposition. New traders can get started with just 1 USD and the brand’s binary options products are available on both the desktop and mobile trading platform.
- Your updates of the most important trading news, insights and analysis.
- When it comes to choosing a Forex Broker, it is also essential to analyze all the clauses written in small print (which many often do not).
- LimeFX’s mobile trading platforms are average compared to other Forex brokers.
- Trading takes place on the MetaTrader 4 and MetaTrader 5 platforms, plus the brand’s mobile app.
This enhanced platform is ideal for advanced investors, as there are a variety of additional features available. Autochartist to date remains one of the most efficient technical analyses of web apps and MT5 plugins. By trading with LimeFX, you get access to the app as well as the plugin.
I believe improvement is much needed on the training resources provided as many people prefer video lessons like those provided by Fortrade. You are given direct market access (DMA) via the ECN accounts which are available on MetaTrader platforms. I prefer the MT4 and MT5 platforms due to their simplicity, scalability, flexibility, and reliability. I like how they also provide Demo and Cent accounts for tyro traders.
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If you stop trading for more than 6 months or more, LimeFX International will charge an inactivity fee of $/€/£ 5. The fee is not charged if you trade with the demo account or your trading balance is 0. Keep in mind that your account has to be fully verified in order to do a withdrawal. It can take up from 1 – to 3 days until the money is processed and arrived.
Market execution of stop orders as limit orders with slippage restricted to N pips
From our experience, fraud can be excluded by reviewing the history of the company and the regulations. 4Institutional-level spreads are offered on LimeFX Pro accounts on the condition that a minimum account balance of 25,000 EUR/GBP/USD is maintained at all times. If the balance of an LimeFX Pro account drops below the required amount, the spread offering may revert back to retail pricing until the account is topped up.
If a client is holding sell positions then the dividend amount will be debited from his/her account. LimeFX is a popular choice for investors who are looking for some of the lowest margins when trading Forex. If they can move on from the regulatory and insolvency issues under previous ownership, there is a solid product underneath. All payments processed through the site are handled by a secure payment provider, which ensures personal details are safe and secure. The card transactions are processed through Al Accept Solutions Limited and FR Global Services Ltd. In addition, the terminology used with the Copy Trading tool could be difficult for a novice trader to understand.
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The mail with the access data comes in seconds and also contains the download link for the LimeFX MT4 and MT5. After installation, you can log in directly and start trading immediately. The MetaTrader 4 and 5 software is available for any device and you can log in with your trading account details.
LimeFX is an online broker with a global client base that can provide you with a range of flexible trading platforms, investor accounts, and trading tools to help you with your market analysis. However, I believe that the regulation could be improved as could the number of trading instruments offered which are limited compared to other online brokers like AvaTrade. The minimum deposit required is relatively low at just $5 and free demo accounts are also available if you want to give them a try before making a commitment. LimeFX has three instant execution Standard Accounts and three market execution ECN Accounts. The ECN Accounts are more suited to experienced traders, with higher minimum deposits, low ongoing trading costs, and access to the MT5 platform. The Standard accounts have lower minimum deposits, and while no commissions are charged, spreads are wider than average.
LimeFX has been established in 1998 and is headquartered in St. Vincent and the Grenadines. For the international brand and regulation, the headquarter is on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. LimeFX is an online brokerage firm with a global client base, range of flexible trading platforms, investor accounts and trading tools.