Discussed individually below, these features include educational tools, customer support, and client monetary protection. For professional traders, MAM (Multi Account Manager) software is available as part of the MT4 platform. This service is ideal for investors who trade on their clients’ behalf. The MAM package has a variety of features including five lot allocations, Expert Advisors, unlimited accounts, plus STP on the master account for bulk order execution. There is an FAQ section that answers some of the common questions that you may have.
- However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
- To open a trading account with LimeFx, individuals can sign up on the LimeFx website.
- It’s essential to remember that the payment methods provided by LimeFx vary based on the LimeFx entity and the LimeFx client’s country of residence.
- Invest in cryptocurrency, stock etc make profits in every seconds that counts scheduling trade daily, weekly, or monthly.
- Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
The account opening process usually takes a few minutes to complete, and you can start exploring the LimeFx platform and features immediately. However, you must pass the verification process to start live trading with LimeFx, which can take up to a few business days. The effect of leverage on profits and losses magnifies them in both directions.
LimeFx User Experience
Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFx with the top 3 similar brokers that accept traders from your location. LimeFx is a trustworthy and legitimate broker regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most reputable financial regulators. In the European Economic Area (EEA), the broker follows the guidelines laid down by the Markets in Financial Instruments Directive (MiFID). It is unlikely that scams or fraudulent firms are operating under the company’s name.
They showed me they could provide everything I could ask from a broker at ease. This is a comfortable trading environment for me that I got really used to. I think I will be trading here for a long time, because I have everything I look for.
LimeFx partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their LimeFx clients’ funds. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries. The broker monitors all financial requests, making sure that they are safe. There are a few features that indicate that LimeFx is a good broker for beginning or new traders.
- Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.
- Using
MQL4 you can build-up your own library of custom indicators, scripts and
function database. - In the European Economic Area (EEA), the broker follows the guidelines laid down by the Markets in Financial Instruments Directive (MiFID).
- Millions of people worldwide use Android mobile devices and tablets, and LimeFx offers its clients access to the MetaTrader 4 platform on these devices.
The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience. LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. Beginners can benefit from the step-by-step guides on forex trading basics. There are plenty of funding methods available at LimeFx, including bank cards, wire transfers, e-wallets such as Skrill and Neteller, plus alternative online payment methods like Rapid Transfer. LimeFx follows an ECN/STP model, offering competitive trade execution and prices, with no intervention or re-quotes.
Does LimeFx offer guaranteed stop loss?
The payment method employed for funding your account might also incur a fee. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. As limefx review a trader, you should feel confident that your financial investments are in good hands with LimeFx. That’s why it’s essential to understand the LimeFx company policies and practices before making any investment decisions. By doing your due diligence and understanding LimeFx platform, you can make informed investment choices that align with your financial goals.
After extensive research over several years, we have compiled a list of the most effective LimeFx alternatives available today. If you are unsatisfied with LimeFx or want to explore other options, we recommend checking out our carefully curated list of highly-rated LimeFx alternatives. Follow the links below to learn https://limefx.group/ more about these LimeFx broker alternatives and choose the one that best suits your trading needs. While we found the LimeFx phone support satisfactory, there is room for improvement in response time. The LimeFx phone support team proved to be helpful and able to resolve our queries and issues over the phone.
What does it mean to have your funds in LimeFx deposited in a Tier 1 bank?
The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. In such a complex landscape, finding a reliable and trustworthy broker like LimeFx requires thorough due diligence and careful consideration. Some LimeFx trading features can be complex when trading on mobile or using the LimeFx online trading platform.
Experience the Power of MetaTrader4
Our review was impressed with the comprehensive forex research and technical analysis insights within the blog section. There is an education center full of practical guidance on economic indicators, margin, slippage and more. As a regulated entity in the EU, LimeFx follows the Markets in Financial Instruments Directive (MiFID) which oversees investment services across the European Economic Area. The current 100% First Deposit Bonus (up to $2000) promotion for non-EU clients doubles account equity with the first deposit. This makes LimeFx a low-cost trading brokerage when compared to alternatives. This includes trading opportunities on the Dow Jones and NASDAQ in the US, the FTSE in the UK, plus the CAC in France.
In addition, LimeFx is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated in separate bank accounts at leading international banks so your money is safe from scammers. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law.
The LimeFx team did resolve and answer our queries, but the email support from LimeFx was overall average compared to other brokers we have tested. Our team tested the live chat support of LimeFx and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease.
These checks are a standard practice that helps LimeFx maintain a trustworthy financial environment for its 10,000 users. Detailed information on the LimeFx trading platforms is available on their website. MT5 on LimeFx provides the convenience of using automated trading systems and copy trading, giving LimeFx traders competitive research tools in the financial markets. 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. Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account.
This approach can help you gain experience and confidence in LimeFx trading decisions. Investors can opt for a risk-free 30-day demo account to practice trading skills and test new strategies before committing real money. Each practice account is loaded with $10,000 and provides access to the MetaTrader 4 platform download and mobile app. Prospective investors can sign up for a paper trading account in a few simple steps. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.