LimeFx does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days. MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading. The swift LimeFx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFx does not engage in unnecessary data mining as part of its registration process.
Is MetaTrader 4 safe?
The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFx became one of the most competitive Forex brokers.
Common Mistakes of Beginner Traders and How to Avoid Them
LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. The most ignored trading costs are swap rates on leveraged overnight positions.
Standard
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients limefx scam are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. This video will provide you with step-by-step instructions on how to download, install the MetaTrader trading platform and connect it to your trading account. Select the trading instrument for which you want to close the position and click the corresponding “Close” button.
The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies.
How much money do I need to start trading at LimeFx?
LimeFx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
The MetaTrader 4 platform is thought out right down to the smallest detail. It seems like the developers didn’t miss a thing and managed to create a masterpiece that makes the lives of thousands of traders so much easier. Thanks to the notification system, the trader does not need to wait for the price to reach the desired level, the platform will notify him at once. There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click.
- The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level.
- Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed.
- Negative balance protection exists, meaning traders can never lose more than their deposits.
- Enter your login and password for your LimeFx trading account in the “Existing trade account” field or, if necessary, create a new account in this window.
- Minimum withdrawal amounts vary based on the payment processors, but all are low.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. LimeFx offers a diverse range of instruments, including forex and cryptocurrency pairs, commodities and precious metals, indices, stocks and bonds. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare LimeFx with the top 3 similar brokers that accept traders from your location.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high.
Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window. If you’re trading in the Standard or Fixed account, commissions are included in the spread.
If you don’t want to close a counter position for a particular account, uncheck the box with this account. To close a position, select it from the account’s popup positions list, then check a counter position in the list of opposite positions and press “Close”. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. MetaTrader 4 (MT4) is suitable for traders of all levels as it offers a user-friendly interface, advanced charting tools, and a range of customization options. It also supports automated trading through the use of Expert Advisors (EAs) and allows for easy integration with a wide range of third-party indicators and tools. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services.
You can not only download your own advisors into the platform but also create your own trading robots. You can click on the Demo button at the top of the broker’s website and fill in your contact details to set up your demo login details. Nonetheless, the broker is a member of the The Financial Commission, an independent dispute resolution organisation which insures traders’ interests up to €20,000. The broker also offers negative balance protection, which prevents trader accounts from dropping below zero.
LimeFx has four account types, one being a dedicated cryptocurrency trading account. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. Multiple close of several counter positions allows simultaneous closing of more than two counter positions for one instrument. Several counter positions can be closed using the “Multiple Close By” tab. Counter positions for all or some of the managed accounts can be closed using this tab. Every connected account that has open counter positions and every open position are displayed in table lines.
Traders can access both the MT4 and MT5 mobile apps with LimeFx, which are available for iPhone/iPad and Android devices. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. https://limefx.biz/ LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.