Forex & CFD Trading on Stocks, Indices, Oil, Gold by LimeFx
LimeFx delivers a full investing experience with easy-to-usetrading platforms like MT4 and MT5, as well as a vast range of learning toolsfor all skill levels. As an online tradingplatform, LimeFx gives access to a wide range of financial instruments, fromcurrencies to commodities, indices, and stocks, whilst also giving buyers a lotof opportunities to take part in many different markets. Not only that, but LimeFx alsohas different account types for both new and expert traders, so you can choosethe one that best fits your needs. Forex trading, also known as foreign exchange trading, is the process of buying and selling currencies. It is the largest and most liquid financial market in the world, with an average daily trading volume of around $6.6 trillion.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). That said, LimeFx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. Your live account will give you access to the LimeFx Members Area, which is were you will be able to deposit and withdraw funds from your trading account. The cutting-edge technology of the MT4 platform provides automated trading as its fully integrated feature, executing repetitive trading orders at a speed otherwise impossible with manual trading.
- You will be redirected to a registration page where you need to provide your personal information, such as your name, email address, and phone number.
- That said, LimeFx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
- While LimeFx and FXTM provide reasonable ECN-style spreads, brokers such as Pepperstone and IC Markets offer better pricing with tighter spreads and low commission fees across all major currency pairs.
- Furthermore, there are trade idea and technical summary sections, alongside the economic calendar.
MetaTrader 4 was designed by taking into account all the requirements of the 21st century technology and thus it ensures flexibility at its very best, the core of this being mobility. This is exactly why the MT4 mobile trading option allows investors to also access the trading platform, apart from their Windows and Mac operating system based PCs, directly from their smartphones and tablets. Trading portfolio as well as multiple trading account management and/or monitoring is thus possible practically speaking on the go.
Offering of Tradeable Products
The educational videos are valuable as they contain useful information and insights. LimeFx offers mobile trading for all its trading platforms, and our clients can download the matching application of their platform of choice for both Apple and Android devices. The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals. A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies. To gain access to any of the LimeFx trading platforms, you will need to have a demo or a live trading account.
Mobile Trading: Android, iOS, and Other Platforms
You will be redirected to a registration page where you need to provide your personal information, such as your name, email address, and phone number. Once you have completed the registration process, you will receive an email with your account details. A spread is the difference between the bid and the ask price of a currency pair (buy or sell price), and so to make it even easier it is the price at which your broker or bank is willing to sell or buy your requested trade order. As such, an LimeFx client sells one currency against another at a current market rate. We would recommend trying out LimeFx to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer.
Although a market maker, LimeFx’s Ultra-Low Account type (not available to EU/UK traders) provides spreads similar to ECN pricing when commission costs are accounted for, while the broker’s Zero Account (UK/EU only) offers ECN-style spreads. Additionally, LimeFx promotes a no requote guarantee, meaning traders are certain their orders will never be rejected. Our LimeFx vs FOREXTIME (FXTM) forex broker comparison found both brokers offer trading accounts with spread-only conditions. Before placing any trades, it is essential to determine your risk tolerance and set a stop-loss level to protect yourself from excessive losses.
Fund your account with LimeFx and receive Bonus up to $5000
Following FCA and CySEC regulations, traders receive investor protection up to £85,000 and €20,000, respectively. The investor protection insurance schemes ensure that in the case that LimeFx or FXTM become insolvent, traders can receive a certain amount of compensation to cover losses. limefx scam If you are trading with FXTM or LimeFx outside of Europe and the UK, you will not receive protection via investor compensation schemes. In terms of the best trading experience and ease, FXTM takes the lead with its intuitive platform and comprehensive educational resources.
The platform is great for both new and experienced traders who prefer to use MT4 or MT5 while trading forex and CFDs. The platform is regulated by the Financial Services Commission, ASIC, and CySEC. From our LimeFx forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. For most online traders and investors, whether they are trading forex or CFDs (Contracts for Difference on various financial instruments), MetaTrader 4, is undoubtedly a household name today.
LimeFx allows traders to gain access to several features on their trading platforms. Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs. This makes it versatile as it permits traders to use various styles of trading to maximize their gains. Clients also get access to trading ideas and analysis to help them better understand financial markets. LimeFx is a highly regulated and trusted broker with over 5 million clients globally.
Drawing from our own testing and the data we’ve gathered, it’s clear that both brokers have their strengths. However, when it comes to the overall trading experience, there’s a slight edge that one broker has over the other. As leverage enhances gains and magnifies losses, clients should be aware of the high risk of trading with such significant leverage. When placing orders, Cent Account holders have increased control over their trade sizes and can choose between micro-lots (0.01), mini-lots (0.1) or standard lots (1).
You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand. The webtrading terminal offers instantaneous trade execution and allows traders to buy and sell various assets, such as stock indices, forex, cryptocurrencies, precious metals, and energies. It should not be assumed that the methods, techniques, or indicators presented in these products will be https://limefx.group/ profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Micro lot trading accounts typically operate with account balances between USD 1,000 and USD 10,000 and allow you to trade with a fraction of a standard lot (i.e. USD 100,000 of any currency of your choice). With the reasonable use of your initial deposit and some leverage you can gain considerable profits on a micro lot account. To start trading, FXTM requires traders to choose a trading account-based currency.
Our reviews are unbiased and comprehensive, and we always look for new brokers and products. If you are withdrawing to your domestic bank, you will be charged a fee for withdrawals above $200. Once you have provided your personal information, you will be required to choose a trading platform.