It provides full access to our multi-asset trading accounts, including full functionality via a user-friendly Web interface. Our WebTrader does not require downloading or installing anything and can be used from any PC connected to the internet and from anywhere in the world. The broker is notable for its balanced selection of tradable instruments, including CFD on forex pairs, commodities, shares, indices, and futures. LimeFX offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials. The biggest advantage of mobile trading is simply the ease of access to a trading account.
LimeFX gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFX also offers social trading via its AutoTrade platform and keeps segregated accounts for traders.
LimeFX Account Opening Process
LimeFX could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. LimeFX primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose. This article will outline the main features of MT4, why the MT4 trading platform is considered as the most reliable platform in the market and why you should download the MT4 platform. LimeFX offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more. It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. Live news feed helps traders stay limefx review on top of the latest market developments.
That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. Processing times depend on the geographic location and the payment processors, which LimeFX lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. While LimeFX offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers.
LimeFX’s Order Execution Model
The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at LimeFX. With one click trading, a trader can execute a trade at the click of a button directly on a chart. To do this, the trader must activate the one-click feature on the MT4 platform. It is used to reduce the risk of losses if the market price moves unfavourably.
Why use MetaTrader 4 for Android?
- I checked the usability of LimeFX’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms.
- The platform also supports one-click trading, which allows traders to execute orders fairly quickly.
- But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.
- Probably one of its strongest features, MT4 offers 30 indicators for technical analysis.
LimeFX lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes LimeFX suitable for beginners. Through MT4 web trading, traders can access real-time quotes through the platform’s Market Watch tool. Traders are able to use it to place trades very quickly and can view a chart of any instrument easily.
VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. MetaTrader 4 (MT4) is by far one of the most popular currency trading platforms among global forex traders. Developed by MetaQuotes in 2005, MT4 offers an extensive range of advanced trading tools to traders of all skills levels. This platform for trading forex has universal appeal for the way it has optimised the forex trading experience.
In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Traders have eight account options at LimeFX, where the minimum deposit is $0 for most. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. The LimeFX group has 10+ years of experience more than 1,5M clients worldwide and offers limefx website negative balance protection. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.
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