Is LimeFxFX a Good Forex Broker
It means a lot to hear that LimeFx has exceeded your expectations and stands out among the brokers you have worked with. Your suggestion of giving us 6 stars, if possible, is https://limefx.group/ truly humbling. If there is anything specific that you appreciate about our services or any suggestions you would like to share, please do not hesitate to let us know.
- LimeFxFX provides mobile trading apps for both Android and iOS devices.
- If you’d like to trade stock market indices, you can pick from one of ten of the major global indices.
- At LimeFxFX, it’s not what you trade but how you trade it that matters.
- MT4 opens with four charts by default, each representing a unique currency pair.
All of the two platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. Dear Rohaida Binti Adam,We’re delighted to hear that our traders prefer LimeFx as a trusted and great company. Feel free to contact us through social media if you have any questions or if there is something we can do for you. Keep in mind that MetaTrader apps are blocked on iOS, so you might have to use their web or desktop versions.
Regulatory oversight provides traders with a level of confidence in the broker’s adherence to industry standards and financial regulations. LimeFxFX demo accounts are available with MT4 and MT5 and have no time restriction on the trial period. With this in mind, the demo accounts are effectively a practice account. You can use all features including all the trading products available for trade and Expert Advisors for automation.
This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. LimeFxFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. The MetaTrader platforms are well known for facilitating copy trading and developing trading forums.
If you’d like to trade stock market indices, you can pick from one of ten of the major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. The big changes in MT5 are an increase in the charting options, such as timeframes and lesser-known technical indicators. 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.
LimeFxFX Customer Support
LimeFxFX is at present operating via a Saint Vincent and the Grenadines subsidiary. Some brokerage won numerous awards, such as the ‘Best Online Broker Global 2022’ award from World Business Outlook and the ‘Most Reliable Broker Asia 2023’ award from Global Forex Awards. The firm’s idea behind the launch into the trading expanse was to be of service limefx reviews to high-skilled advanced traders by offering them a reliable and robust trading platform. LimeFxFX founded in 2011, LimeFxFX is a part of a group of global entities. LimeFxFX trading platform has headquarters in St Vincent and the Grenadines. They are generally well-suited for LimeFxFX to provide their Forex/CFD trading services to global clients.
You don’t need to make any investments—simply specify the amount of simulated funds you want to add to your account upon creation. Web and mobile trading platform OсtaTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one that is right for you.
How to trade Forex
LimeFxFX allows you to trade on one of three different trading platforms. They are MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program. Apart from that, LimeFxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill. And, as the customer service operator pushed me towards, there is always the option to transfer in some cryptocurrency such as Bitcoin or USDT.
Expert Advisor (Trading Robots) in MetaTrader 4
With this knowledge, we created our platform to help you make money through smart and well-controlled investments. Next, we had to choose what type of account we were looking to open. Some of these educational webinars could be useful, but overall, we’d say it’s only really suitable for absolute newbies. One other side note is that LimeFxFX used to be located in St Vincent and the Grenadines. In late 2022 or early 2023, they moved to Saint Lucia – this was around the same time, Saint Vincent announced a tightening of their supervision of foreign companies. While we have no idea the reason LimeFxFX moved to Saint Lucia, we thought the timing of moving to a country with more relaxed supervisory practices was interesting.
Getting straight to the point, LimeFxFX isn’t strong in the safety department. The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission) which means they 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. When you give your funds to a brokerage, you’re putting a lot of trust into that company with regard to a number of factors. Namely, how they’ll take care of your funds, how honest and transparent they’ll be with markets, spreads, and trading orders, and whether they’ll pay out your funds and profits when you go to withdraw.
Regulatory Compliance
Charting was easy to use, and we were able to start trading in no time at all. But, even for simple questions, we didn’t find the customer service options impressive. The lack of options isn’t the worst thing, as LimeFxFX provides most major trading instruments, and fewer options can help you focus and not be distracted. The most popular of the three platforms is MT4, which is the industry standard workhorse that more or less every retail broker offers. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly).
Account security — in line with the guidelines provided by the better regulators, LimeFxFX keeps client funds in segregated accounts. Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties. LimeFxFX states that the firm is in full compliance with international legislation and regulation standards, and guarantees funds security and negative balance protection (NBP) to its clients. LimeFxFX gives high priority to the ‘Analysis and Education’ section of its site.
This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open. We suspect this administration fee could still be a type of riba. There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch.
MetaTrader 4 for Windows
If you’re looking for something more powerful and modern yet simple enough to learn and master—LimeFxTrader is your best bet. To close an order, pick it from the list and press ‘Close’ in the ‘Edit order’ window. You can also set Stop Loss and Take Profit here to make your order close automatically if the price gets lower or higher. A minimum deposit might not be enough to diversify your investments. According to the risk management basics, the more funds you have, the fewer risks you expose yourself to.
Forex Market Trading sessions everything you need to know
If this doesn’t concern you and you assume swaps costs are going to be unfavourable, then this account will encourage you to trade mid-term and long-term. A wider spread means you are paying more every time you open a trade. Our spread module indicates that with LimeFxFX, you are paying more than their competitors so it may be better to consider trading with other brokers.
