LimeFx Forex Trading About Forex broker
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. Our in-house spread scanning software gave us an idea of how LimeFxFX spreads compare to other brokers.
- The MT4 platform has ultra-intuitive charting options and all the most common technical indicators.
- The LimeFxFX app is also available for traders to download and practice convenient trading from anywhere in the world.
- With this in mind, we think it is safe to say LimeFxFX does not live up to its claim of having the lowest spreads in the market.
- These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform.
The amount of required margin will be deducted from “Free margin” field, which also comprises of your floating profit or loss and deposit bonus if you claimed one. Note that when you open a hedge order with the same volume, no margin will be required; however, if your free margin is negative, you will not be able to open an opposite position. Log in to your online trading account or download the app and https://limefx.club/ launch it to start trading Forex pairs and other assets. No, you can use a web platform or install the LimeFx trading app on your mobile device and trade Forex on a demo account without any limitations. Make a deposit via LimeFx trading app or on our site and we’ll give you a 50% bonus, which you can manage directly in our app. 50% bonus applies to your margin and allows you to perform bigger trades.
Trading Tools and Analytics
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education.
LimeFxFX: Maximum Leverage
The broker has various trading tools and analytics, including an LimeFxfx profit calculator, trading calculator, pip calculator, live quotes, and monitoring. The LimeFxfx calculators can greatly help analyse the profits and margins. Copy trading is a way to make trading more accessible by copying trade positions.
Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. Demo account allows you to practice risk free, while with a real account you will be able to experience real market with minimum deposit as low as USD.
Their names are given as a three letter abbreviation known as ISO code, where the first two letters represent the country and the third one is the name of the currency. Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars. These tools effectively judge the market environment and make decisions that are most appropriate per the environment. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. If you’re a more advanced trader, and you want more sophisticated tools, you may consider Pepperstone, Vantage, or IC Markets with a broader range of platforms.
Deposit to your account with most popular payment options
It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
Trading View
As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. Both accounts offer most features found in a standard account with similar types of brokers. This means no commission limefx forex broker costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. We found Forex Broker LimeFxFX most interesting feature to be that they have no swaps.
Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals. The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart. MT5 has 21 timeframes for all financial instruments, and provides more than 80 popular analytical tools, as well as the ability to construct charts based on other indicators’ data. MetaTrader 5 (MT5), besides simply offering more than MT4 does, also includes features and trading functionalities that are better than many other online trading platforms available today. With MT5, MetaQuotes Software has increased the number of technical analysis tools available, along with more charting and timeframe options.
The trial period for these accounts has no time restrictions, making them a perfect platform for practicing and testing trading strategies. You can utilise all of the features available for trading, including expert advisors for automation. Additionally, you can trade with all the trading products available on the platform. The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers.
Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFxFX. If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads. The MetaTrader 5 Economic Calendar is where important macroeconomic indicators can be viewed in real time, in order to forecast price trends. The calendar features both current and past weeks’ events, while also publishing upcoming events.
Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. You can close your LimeFxfx account by emailing the customer support group at [email protected] requesting to delete or close your account.
