But, even for simple questions, we didn’t find the customer service options impressive. It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. The LimeFxFX platform is essentially a white-label licensed https://limefx.club/ version of MT5. The main advantage of this platform is easier sign up and less hassle when making deposits and withdrawals. LimeFxFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. If you’d like to trade stock market indices, pick from one of ten major global indices.
- We measure success by the cost-effective trading conditions we provide and by success stories our traders share.
- It also provides Islamic (swap-free) accounts that comply with Sharia law.
- The actual list of available trading instruments is specific to each trading platform.
- For those interested in trading indices, LimeFx provides access to some of the world’s major indices.
LimeFxFX MetaTrader 5 Features
Another thing we should note is that in the case of LimeFxFX, we assume the spreads haven’t been widened. If they have, then this would be akin to an administration fee however it is difficult to prove if LimeFxFX is doing this. Regarding account currency, if you join the LimeFxFX European subsidiary, you will use Euros. All other clients will be using USD as the account currency, so if you are in the UK and prefer GBP as your account currency, you cannot choose it. You will also find trading available with micro lots, mini lots, and standard lots with the spread variable or floating. We should also mention you shouldn’t get requotes or rejections since market execution rather than instant execution is used.
King Of The Road real contest finished
To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. As Singapore’s economic landscape continues to evolve, with potential slowdowns and global uncertainties, the need for diversified investment strategies is critical. LimeFx offers a reliable and intuitive platform for Forex trading, providing Singaporean investors with an effective tool for portfolio diversification. With its competitive advantages, like low spreads and a comprehensive suite of educational resources, LimeFx stands out as a great opportunity for additional income.
Champion Demo Contest
ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits. Each currency trading platform has specific features that define your experience. If you are still deciding limefx review which one to choose, try LimeFxTrader, a trader-oriented platform designed to help you earn. Use trading bots for market analysis and risk management without any limitations. Test your bot on a free demo account, adjust it to your investment goals, and then put it into action.
Fits your trading style
Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The account opening process at LimeFx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency.
Desktop Trading Apps
To open a position you need to have a certain amount in your balance, which is commonly referred as to required margin or just margin. A position can either be closed manually at the current market rate or when a certain price level is reached, through stop-loss and take-profit orders. Identify trends and support or resistance levels for price forecasts with MetaTrader 5 charts. Enable trading robots to see changes in currencies, indices, and other security quotes. MetaTrader 5 is available as a web platform that’s compatible with Windows, Linux, and Mac OS. MT5 can also be accessed from a smartphone or tablet, whether it has an iOS or Android operating system.
Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. As stated on their website, over 21 million trading accounts have been opened across 180 countries with LimeFx. Open an LimeFx trading account and make a deposit—you need just $25 to start.
They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU. CySEC must comply with the same requirement set by ESMA (the financial body for the EU) that all financial regulators within the EU borders must follow. The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. As seen in the module below, we found LimeFxFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs.
The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. MT4 opens with four charts by default, each representing a unique currency pair. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs.
You can use all features including all the trading products available for trade and Expert Advisors for automation. We’ve created and keep improving LimeFxTrader to help you earn more efficiently. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, LimeFx showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email.
Learn about the next important event that can affect market prices and check live quotes for major currency pairs with this simple trading helper. Use it whenever you need a quick glance at the market before opening an order. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch. LimeFx has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Read our full explanation and accounting of our research and testing process to learn more about how we test. We are constantly improving our product to make your trading experience better.
We think LimeFxFX is a very mediocre option for currency and CFD trading due to the lack of account options, expensive trading spreads, and rather average customer support. The main appeal of this broker is that you can use it if you want unlimited swap-free trading. This feature is a unique offering given that most brokers limit the swap-free period, replace the swap fee with an administration fee, or require you to prove your Islamic faith. Aside from no swaps, there isn’t that much distinctive about LimeFxFX. We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts.
Thanks to this humanitarian effort, about 300 people received the much-needed food. ‘In Islam, sharing Qurban meat among the underprivileged to alleviate hunger and poverty has always been regarded as a noble and righteous endeavour. We are thankful to LimeFx for sponsoring this act of kindness and supporting the local community for two years in a row,’ Azeehan said.