The award-winning broker also offers a combination of low spread- high leverage, MT4/MT5 platforms, multiple funding methods, and 24/5 customer support. When it comes to trading platforms, as with many brokers LimeFx provides traders with access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Although LimeFx does not have its own platform, limefx review the option to use the full MetaTrader suite across desktop, as a browser-based platform, plus with Android & iOS apps is a plus. As are the additional platform proprietary indicators add-ons offered by LimeFx, developed by its in-house staff. The account type that you choose will probably depend on your investment size and trading style.
- There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.
- Forex trading is in essence trading currencies for one another.
- LimeFx customer support is amongst the best across all forex brokers.
- It would be advisable to check the fund transfer charges with them before funding your account.
- Based on our research on the regulatory status of over 60 brokers, we’ve found that LimeFx Group holds 4 global Tier-1 licenses, while LimeFxFX holds 1.
Although High Leverage can increase magnify your profits it utilised correctly it can lead to large losses that can indent one’s capital. The leverage offered by the three brokers are very similar however there are some differences to some minor currency pairs compared to others. LimeFx trading does not offer Shares CFD trading to its clients whereas Pepperstone & CityIndex do offer. LimeFx along with the majority of brokers charge a spread to their clients and that is the reason why the majority of traders choose a broker with low spreads. Spreads can be calculated by spread value in pips × traded lot size.
Forex Trading via a Broker
Once your account has been verified, you are then free to fund it using any of the multiple deposit options and start trading. LimeFx Group Support is on hand to guide you through the process if need be. I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way. LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. This is an excellent selection that I would put up there with some of the best in the industry.
Various methods are major Debit/Credit Cards ((including VISA, VISA Electron, Maestro, Mastercard and China UnionPay), Skrill, Money Brokers, Neteller, web money, Bank Wire Transfer, Money Gram, Western Union and many more. You just have to click on “CREATE A TRADING ACCOUNT” to sign up by filling your details and then add the amount based on the type of account you chose. Now all you have to do is, click on the “member login” button and fill in your user ID and password.
They are designed to cater specifically to the requirements and preferences of traders with considerable financial resources. The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals. A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies. LimeFx is a highly reliable trading platform that removes the uncertainty behind order execution while providing a high level of compatibility with MetaTrader 4 and 5. Investors who wish to trade ETFs should look elsewhere, but there are still an impressive number of assets available on LimeFx.
They can save hours in time over the long run which is better spent doing other things like following the latest market news and keeping track of any open positions. By taking these factors into account, you can confidently select a forex broker that caters to your needs and provides a safe trading environment for large accounts. When selecting a forex broker for large accounts, there are several crucial factors you should consider. Each aspect contributes to a secure and efficient trading experience.
LimeFx does not offer its unique cTrader or Webtrader platform unlike Pepperstone’s cTrader or XTB’s xStation5. However, it offers world-renowned MT4 & MT5 web trader that is supported via PC/MAC, smartphone and tablet. This allows you to trade via the web without downloading an internal application software to your device. On 1st August 2018, the Financial Conduct Authority, guided by ESMA’s (European Securities and Markets Authority) product intervention measures, introduced a raft of changes to the CFD and spread-betting industry.
Is LimeFx regulated?
Demo accounts that have been inactive for longer than 90 days from the last login will be closed. Please note that maximum 5 active demo accounts are allowed. LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
It will be presented by a Senior Market Strategist from an elite trading academy who has helped many other traders gain a better understanding of these essential skills. LimeFx Group requires a minimum deposit of $25 before you can open an account and start trading forex. Fund withdrawals https://limefx.biz/ via eWallets are generally credited to your account the same day. However, if you choose bank wire transfers or cards, it could take 2-5 days to receive the credit. LimeFx does not charge for processing withdrawals, but your bank or payment processor could levy a fee.
Advantages of Forex Trading with LimeFx
The offering of some of the soft/ agricultural commodities, such as Coffee or Corn is more than what it seen for the industry norm. The usual Gold, Silver, Oil, Gas and Copper are all available to trade. LimeFx Group was founded in 2009 (and operates as Trading Point of Financial Instruments Limited) and is regulated by five financial regulators, notably including the top-tier Financial Conduct Authority (FCA) in the UK.
Choose a Big, Fair and Human Broker.
I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you. The very first generation of internet-based foreign exchange (forex) trading platforms emerged in 1996, making it possible for foreign exchange to develop at a much faster pace and for customer markets to expand. As a result, web-based retail foreign exchange allowed individual customers to access the global markets and trade on currencies directly from their own computers. MT4 still has long been the trading platform of choice from all types of trades across the globe.
Therefore, if this seems appealing tо уоu аnd you dо wаnt a ѕwар-frее account аѕ well, all you nееd tо dо iѕ ореn a ѕimрlе trading ассоunt аnd thеn diѕсuѕѕ уоur options with ѕоmеоnе frоm LimeFx’ѕ ѕuрроrt team. With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the LimeFx Zero account type. In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy.
They have the necessary approval from the CySEC in Cyprus as well as being a ASIC regulated entity in Australia. LimeFx was first started back in 2009 in London and now they have an offering of more than 400 different instruments. Click ‘File’ ⇾ Click “Open an account” which opens a new window, “Trading servers” ⇾ scroll down and click the + sign at “Add new broker”, then type ‘LimeFx’ and click “Scan”. The telephone lines are open 24 hours a day, Monday to Friday, whilst live chat is also available through this time, plus for 8 hours on both Saturday and Sunday.
I like how they have a best execution policy to provide the most favourable trading conditions to traders. Collaboration with a range of liquidity providers mean that they can offer some of the lowest spreads with plenty of liquidity at all times. It is essential for traders to choose a reputable and regulated broker that caters to large accounts. This ensures that their funds are safe and traders can enjoy the highest standards of trading service and support. HF Markets, also known as HotForex, is a well-established forex broker with a solid reputation among high-net-worth and institutional clients.
It has the great advantage to simulate all the functions of a real trading account, and it allows you to conduct trading operations under real market conditions. The only exception is that a demo account is funded with virtual currency, so your gains and losses are also simulated. Most of the education section on LimeFx is based on video content.