LimeFxFX Holding plc is regulated by CySEC (EU), which can give you maximum benefits. There is a huge potential for limited independent business without any leverage. There is no commission charged on both deposits and withdrawals, MT4 and MT5 commission is included in spreads as mark-up, and no additional fee is applied.
There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. LimeFxFX doesn’t require a minimum deposit to open an account, a notable point in their favor. LimeFxFX requires a minimum deposit of only $100, lowering the entry barrier for many traders.
That is where robots come in, providing accuracy in Forex and index trading. For instance, the EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders once your predetermined trading indicators are reached. We are constantly improving our product to make your trading experience better. Choose from 300+ trading instruments, including shares, commodities, and indices.
- The customer support on LimeFxFX was awarded multiple international awards and is fast, efficient, helpful, and knowledgeable in our experience.
- With this knowledge, we created our platform to help you make money through smart and well-controlled investments.
- On the downside, fees and commissions tend to be slightly higher than on other platforms.
- Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
While LimeFx has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps.
How to use LimeFx Forex trading tools
Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing. A trader can develop his own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, a trader’s performance won’t be affected by second-guessing and losses. Trades are also automatically executed with faster reaction times, leading to lower chances of slippage costs. MT4 opens with four charts by default, each representing a unique currency pair. The Market Watch window with two tabs is on the left of the charts.
However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner. I have always found them to be reasonably quick to respond but think they could improve by extending hours to 24/7 support. Web and mobile trading platform OсtaTrader enables you to diversify and upgrade your trading.
Compare LimeFx Competitors
Embark on a journey through the financial markets with our range of the top 10 sought-after indices. Indices trading is a powerful way to understand the market’s pulse and diversify your portfolio. Unlock profitable possibilities with LimeFx by trading the world’s 10 leading indices, encompassing Dow Jones, NASDAQ, Nikkei, and Eurostoxx 50, among others. Immerse yourself in the dynamic ecosystem of indices trading and optimize your investment strategies. Delve into the world of foreign exchange with our selection of 35 high-volatility currency pairs.
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Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. With a wide range of trading instruments, user-friendly platforms, and robust customer support, LimeFxFX provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFxFX doesn’t offer trading in certain instruments like ETFs and stocks. LimeFx is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.
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Client funds are held in segregated accounts in accordance with international regulation standards. Keeping funds separate from the company funds means that they cannot access them for any other purpose. LimeFxFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero.
The license used in trading helps to build a confidential relationship with the customer and build a strong foundation. Every broker has to meet certain rules and criteria to get this government license. If a broker violates the rules or attempts to commit fraud, the license will be permanently revoked. The limefx scam broker, for a long time in European countries, has been providing services to traders in more than 100 countries.
Being mobile-friendly, it offers many benefits to clients or merchants. https://limefx.vip/ customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart. Customers will be able to do Candlestick, Line Chart, Bar Chart, and Tick Chart using Excel on mobile.
