They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner. When it comes to withdrawing from LimeFx, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. They offer more than 30 language options for their users and they cater for any and all levels of trader.
Automated Trading and MQL
This design provides a seamless and consistent trading experience across different devices, allowing traders to manage their activities efficiently while on the move. MetaTrader 4 on LimeFx is tailored for forex traders looking to develop and execute automated trading strategies. LimeFx offers a diverse range of over 1,250 CFD trading products, including forex, shares, indices, and commodities. The commission fee of $3.50 aligns with the industry standard, as seen with brokers like IC Markets, Pepperstone, and FxPro, all charging an identical rate.
Get more than a trading account at LimeFx
In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading. LimeFx Group has a vast range of educational materials within the research and education center. This includes daily market updates, economic events, tutorial videos, webinars, seminars and more.
Metatrader 4 (MT
The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison. However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine. On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5. limefx official site 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. For many investors this saves up a considerable amount of time from the routine of market watch as well as trade execution. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you.
Customer Support Contacts
But, in case you have changed your mind, you can contact the representatives of the broker and use a different one. The Micro account of LimeFx can be a great choice for beginners to learn to trade in actual market conditions without having to risk too much. Compared to the standard lot size it is quite low, as the standard lot equals 100,000 units of an asset. There are over 1,200 assets available for traders to choose from on LimeFx. While this might not sound like much, especially compared to other leading brokerages in the market, it should still be enough to give traders the opportunity to easily find the kind of trades they might be looking for. We found in our testing that FOREX.com offers a more diverse selection of investment options than LimeFx Group, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD) and Cryptocurrency (Derivative).
What is the minimum deposit to start with LimeFx?
In forex trading, some currency pairs are nicknamed majors (major pairs). This category includes the most traded currency pairs and they always include the USD on one side. Some brokers charge a commission, while others are compensated with a spread, or a markup between the price they pay for an asset and what they sell it for. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, https://limefx.biz/ and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5.
This gives you a chance to trade currency pairs you may not find elsewhere, such as AUD/NZD or EUR/HUF. To open an Islamic account with LimeFx, our review team found that you’ll first need to follow the standard account opening process. Once your account is verified, you can request to change your account to an Islamic one by logging into the Members Area. Our LimeFx Group review team found that whilst LimeFx advertises that all demo accounts come with a starting balance of $100,000, you can actually practice with up $5,000,000 of virtual cash. If a demo account is not used for 90 days, however, it will be automatically terminated.
Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs. LimeFx, established 15 years ago, has carved a niche in the online brokerage industry with its diverse offerings and client-centric approach. These resources are integral to LimeFx’s commitment to providing a thorough educational experience, helping traders to understand market dynamics and develop strong trading strategies. When funding an established trading account, no minimum deposit is required, although certain e-wallet payment methods require a minimum of $5. LimeFx’s mobile trading apps, available for both MetaTrader 4 and MetaTrader 5, offer full functionality, mirroring the capabilities of the desktop and WebTrader platforms. The LimeFx Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip.
The lowest out team was able to find was 0.012 pips and the highest was 6.91 pips. There is a 0.1% commission on the UK, French and German markets and a 0.04% commission on US markets. This is calculated as such; ‘stock dividend declared x lots x contract size’.
- This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader.
- You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at LimeFx Group who will be happy to get you started and provide you with assistance.
- These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- To cater to all types of traders, LimeFx also allows you to choose between 11 account base currencies; EUR, USD, GBP, CHF, JPY, AUD, RUB, PLN, HUF, ZAR or SGD.
The conventional way of judging the quality of regulation that a broker holds that the more the merrier. LimeFx has been gradually expanding its regulatory licenses over the years and is now up to three. Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize. If you are tight for time, here are some of the important features that we like about trading with LimeFx. LimeFx does not have a crypto funding method, which is a bit of a let down considering that many traders have crypto wallets these days. If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding.
