This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform. LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below). Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with LimeFx.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.
- While learning, you can also use global trading times to practice making live buy or sell trades using LimeFx.
- You can trade a wide variety of instruments with LimeFx
over 120 instruments in fact.
- The account opening process usually takes a few minutes to complete, and you can start exploring the LimeFx platform and features immediately.
- The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date.
- Although we found some very useful aspects of the LimeFx platform that would be useful to some traders.
With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia. Regulated by CySEC, LimeFx provides clients with access to a liquid Forex model (ECN). All of its clients receive the same access, and all trades are executed immediately, with no delays or re-quotes. The broker doesn’t take the other side of trades, which differentiates it from Dealing Desk brokers.
Forex Trading Platforms
Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. As part of our LimeFx review, we review customer service options, response times and problem resolution effectiveness limefx company reviews on the LimeFx trading platform. CFD trading on LimeFx allows traders to speculate on the price movements of various financial instruments against the broker LimeFx, without actually owning real assets. With CFDs, LimeFx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. LimeFx MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.
- This is a comfortable trading environment for me that I got really used to.
- This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform.
- There are a few features that indicate that LimeFx is a good broker for beginning or new traders.
- As aforementioned, there are no commission or deposit fees required with this broker.
- “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”.
- LimeFx also offers extended security algorithms using public-key cryptography, which should help keep scammers at bay.
Eight cryptocurrencies are provided, including Bitcoin (BTC), Ethereum (ETH), and Monero (LimeFxR). The minimum contract size is 1 of the respective token, for example, 1 BTC. LimeFx offers MT4 to all clients, which is available on multiple devices as well as major web browsers, though not on Mac. Trade a dozen major indices, including the Dow Jones, NASDAQ, S&P and DAX. Prices are competitive with zero commissions and a minimum price fluctuation of 0.01.
So take the time to research LimeFx thoroughly and make the most of your online investing experience. Our team has endeavored to break down the complex world of trading with LimeFx into easily digestible information in this LimeFx review. We want to ensure you have all the knowledge necessary to use the LimeFx trading tools confidently, from depositing and withdrawing funds to executing trades. Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like LimeFx. Choosing or shortlisting a trading platform like LimeFx can be time consuming.
Deposit / Withdrawal Methods
MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. LimeFx MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. You can sign up for a demo account https://limefx.name/ to acquaint yourself with LimeFx platform. Trading online with LimeFx requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the LimeFx trading tools and features.
Trading Account Types
I think there is enough to improve your trading if you are a complete novice. There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts. A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. To start the process of opening an account with LimeFx you can visit the LimeFx trading platform here. Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money. Compared to other brokers, LimeFx offers fewer customer support features.
LimeFx Fees Explained
LimeFx MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, LimeFx MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4. It’s essential to note that the trading instruments offered under the LimeFx brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LimeFx trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
I would always like to check a calendar prior to taking any trade decision. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. You will be exposed to a high risk of loss regarding leverage and margin-based trading. However, remember that you won’t be able to make trades on LimeFx until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the LimeFx KYC compliance process as soon as possible to avoid any delays in accessing the LimeFx platform’s features.
Is the LimeFx Trading Platform Secure?
The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media.
However, this is not a unique feature and something that you will find most brokers provide nowadays. The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers.