It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. LimeFx offers 43 currency pairs, a choice suitable for most traders.
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. A trading platform is a software that allows traders to place trades in the international financial markets and monitor their accounts with financial intermediaries. There are many trading platforms available on the market, but we’ll talk about the most popular one – MetaTrader4. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback.
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 interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.
- Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.
- Depending on the trading strategy, it may become the most significant fee per trade.
- This may impact how, where and which companies / services we review and write about.
- Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
- The MetaTrader 4 platform is thought out right down to the smallest detail.
- The research section ranks among the best industry-wide, and Autochartist is also available.
All open positions and pending orders are displayed in the “Orders” tab. The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability. The interface is similar to that of the MetaTrader 4 Client Terminal. It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes. The platform allows trading with several accounts at the same time without switching them. MetaTrader 4 MultiTerminal is a new component of MetaTrader 4 Online Trading Platform, designed specifically for simultaneous management of multiple accounts.
Advanced Trading
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
Trade the Global Markets with a Leading Forex Broker
I like the LimeFx trading fees in the ECN account and multi-tier leverage system. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures limefx official site and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot.
Features and capabilities of MetaTrader 4
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. LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFx offers educational content on its blog, with quality written articles.
To get started, you need to connect MultiTerminal to the server – go to “Tools-Options” and select one of the available servers from the list in the “Server” tab. LimeFx’ execution qualityis confirmed by VMTand complies with bestexecution standards. By continuing to browse this website, you agree to our Cookie policy. LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
How to Choose a Trading Instrument for a Novice Trader
LimeFx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. 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.
LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. The most ignored trading costs are https://limefx.vip/ swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
Over the past 16 years, LimeFx became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders. 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. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
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. Per AML rules, the name on the payment processor and LimeFx account must match.
