We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. To compare the trading platforms of both LimeFx and LimeFxFX, we tested each broker’s trading tools, research capabilities, and mobile apps. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- LimeFx Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union.
- LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
- You can choose from a decent variety of versatile account types, each designed specifically for different types of trader.
- Generative AI tools are not a part of our content creation or product testing processes.
MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The MT4 platform offers 30 inbuilt technical analysis indicators to make calculations based on price movements. These indicators allow predicting or confirming trends, patterns, and support and resistance levels.
For this, the EA is programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. The EA is programmed to trade only when the predetermined trading indicators are reached. 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.
They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base. Market volatility presents several attractive profit-making opportunities when you use Forex robots that provide greater accuracy in Forex and index trading.
They have one of the most competitive minimum deposits in the industry. The company locates its servers
in the nearest proximity to its traders, which allows them to deliver trading services in a fast manner without
any slippage or delays. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that LimeFxFX offers better pricing overall for traders. LimeFxFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app.
LimeFx trading app
Grateful to all traders who put their trust in us, we commit to keeping our trading conditions, security, and transparency at the highest level. Here you will find daily trading ideas based on complex technical and fundamental analysis across a range of different trading instruments. There are also daily and weekly forecasts that cover the financial markets in great detail.
If you are an absolute beginner and looking for some more guidance along the way, LimeFx have lots of good educational content as well. CTrader provides a convenient and feature rich environment for more flexible trading. It is also highly customisable and can be adjusted to cater to suit the needs of different traders. Other benefits include Level II quotes, server trailing stop, 26 timeframes, cloud service, advanced chart trading and a FIX API for trading with direct market access. CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
Overall, there is a lot to like about LimeFxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.
LimeFxFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero. The risk management system ensures that clients cannot lose more than they initially invested as risk is limited only to the funds you have deposited into your account. Minimum deposits at LimeFxFX will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFxFX entity you choose for establishing your trading account.
What funding options does each broker offer?
We are grateful to all traders who put their trust in our educational materials. In our analysis of 23 international regulators across 62 of the best forex brokers, HotForex is considered Trusted, with an overall Trust Score of 86 out of 99. LimeFxFX is considered Average-Risk, with an overall Trust Score of 70 out of 99. Islamic swap free accounts that comply with Sharia law are available.
LimeFxFX Copytrading App
All possible trading strategies and EAs can be used in this contest. It is based in St. Vincent and the Grenadines (SVG), and it provides little to no regulatory protection. The security of your funds – in terms of regulatory protection – will depend on which LimeFxFX entity holds your account, and which –if any – relevant regulations provide customer protections.
Trading Cryptocurrency on MetaTrader 5
Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors. Several platforms offer services allowing beginners to copy professional
traders. In fact, according to Forex Awards,
LimeFx is the ‘Best Copy Trading Platform’.
Founded in 2011, LimeFxFX is part of a group of global entities, which include LimeFx Markets Incorporated (based in Saint Vincent and the Grenadines) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFxFX also provides financial services through its intermediary, Orinoco Capital. While LimeFxFX has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. Education is one of our main values as a broker, as it helps traders improve to achieve their financial goals. That’s why we’re so glad to receive the Best Educational Broker 2023 award from Holiston Media. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.
LimeFx considers the negative
balance protection offered to its clients as self-evident and treats it very
seriously. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. LimeFxFX’s market research is well organized and varied in its content.
However, there can be no guarantee on how good or bad the signals will perform. I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes. MT5 has a simple interface just like its predecessor with some new features that improve https://limefx.club/ the overall experience. There are more technical and fundamental indicators for chart analysis, 21 timeframes, graphical objects, support for more order types, an economic calendar and more. I would say this is a good stock trading platform for those of you who are looking for something more than just forex.
It is important to remember that not all regulators are created equally. The products, features and protection can all vary depending on the entity that you decide to open a trading account with. LimeFxFX aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (Straight Through limefx website Processing) and ECN (Electronic Communications Network) models implemented. What this means is that you can get your trades placed on the markets at the best available prices at all times. It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker.
New instruments: XTIUSD and XBRUSD
LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFx requires a minimum deposit of $25 before you can open an account and start trading forex. The economic calendar displays a list of up and coming financial news releases including the country and level of impact.