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 major difference is that the MT5, being the newer version, has more features and capabilities than the older MT4. Overall there’s a good variety of trading instruments which indicates that LimeFX can cater to a wide range of traders. LimeFX offers a demo version on each one of their accounts accept for the Nano account.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. Let’s explore each of these trading platforms in detail and what options LimeFX gives you. A minimum deposit is the minimum amount of money required by LimeFX to open a new online brokerage account with them.
When considering LimeFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LimeFX, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.
Are LimeFX safe?
With a mission to ensure your safety, LimeFX offers instant executions, competitive spreads and modern trading technology solutions. I found the trading conditions to be acceptable although there are better forex brokers out there from my experience. Of course this broker also offers a free demo account, should you wish to practise your skills limefx review in the markets. Although, this the micro account just having a $5 minimum deposit, I would recommend just using that instead of a demo account, so you can feel what it’s like to trade real capital. Brokerage firms like LimeFX may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms.
While learning, you can also use global trading times to practice making live buy or sell trades using LimeFX. This hands-on experience can help you gain confidence and become more comfortable with trading. Below we give an overview of the account types that LimeFX offer. Whatever you are looking to trade, the varying
LimeFX account types will be able to provide you with what you need. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences.
The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LimeFX. Awareness of these LimeFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LimeFX funds. Please be aware that trading in financial assets with LimeFX carries a risk of loss. LimeFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
All payments made to LimeFX by traders are securely held in a segregated bank account. LimeFX is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Trade FX with great leverage, no commission options, and spreads from zero. As can be seen in LimeFX reviews, around 60% of comments on Trustpilot out of 17 are rated 1-star. Thus, this broker provides a license, but some traders find it unreliable.
Вывод обзора: LimeFX — надежный форекс-брокер для трейдеров.
EAs are trading scripts that will run 24/7 and trade automatically. There are also other third-party plugins that LimeFX has included in the MT4 platform. One of these is the Autochartist trade analysis tool that https://limefx.name/ will alert you to potentially profitable setups (covered below). To augment these analysis tools, the MT4 platform has a range of different order types that you can use to strategically enter / exit positions.
With fully segregated client funds, backed by top-tier banks and award-winning service. West Ham football club sponsor and currency broker LimeFX has shut its UK arm following the Swiss National Bank’s decision to end its capping of the Swiss franc against the euro. Generally speaking, there is no need for referring a friend promotion. Analyze and think through all options before putting any money at risk. With this in mind, traders should think twice before making any deposits.
LimeFX offers 4 different account types which we will compare in the table below. The free demo account is only available for the Standard Account MT4 and ECN Account MT4 and 5. Opening an account requires that you take the necessary steps such as filling in your personal information like address, proof of identity, and so on.
Leverage, Spreads and Fees
If you trade with LimeFX then you have access to both the app and the plugin. LimeFX has a range of funding options that will satisfy most clients in different countries. Moreover, when you are opening your account then you can choose between denominating it in USD, EUR and GLD. If you have used a demo account and want to trade for real then you will need to fund a live account. We would always opt for the PC based version of the software.
- LimeFX is a great Forex broker that has been on the market since 1998.
- If you have used a demo account and want to trade for real then you will need to fund a live account.
- I don’t like how LimeFX only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC.
- You are trading with virtual funds and you are not taking any risks.
Finally, the MT5 has a completely different programming language for the EAs. It is used to implement a positional system and you can code a wide range of custom indicators. Of course, this would require some traders to learn a new coding language which does take time. For example, when it comes to charting you have additional timeframe options. Moreover, the MT4 platform has its own programming language (MQL4). You can use this to code your own Expert Advisors (EAs) on the platform.
Leverage and Assets
They don’t have very strict and defined trading conditions. As a result of those loose regulations, you have LimeFX reviews with an average rating of 1.8 on Trustpilot. If only LimeFX wanted to make a new breakthrough that could motivate novice traders, like me, to be successful trading … But yeah, for the time being, I won’t move anyway, because LimeFX customer service is so friendly. Currently active as independent trader and educator in financial trading and investment.
LimeFX MetaTrader 5 on Android Devices
This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. They even support cryptocurrencies which not many brokers do. I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news. LimeFX offers you forex and CFD trading on the MetaTrader platforms. Since they don’t offer crypto trading, you could check out Vantage for your crypto needs.
First of all, new traders can start with a free demo account on the site, while more advanced traders can choose between a Micro account, Classic, Pro, and an ECN account. LimeFX is one of the most popular brokers for international traders and is present throughout the world with various branches. It is a broker of Russian origin that has developed globally, distinguishing itself for the service of high professionalism, and belongs to the LimeFX Group (link Wikipedia). 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.
The videos can be an advantage as you can play them in the background while conducting your analysis. The Strategy Managers earn through commissions paid by their copiers. Again, I must emphasize that past performance is by no means a guarantee of future performance.