The offer is quite manageable and the LimeFX tries to specialize with its offer oncurrencies .CFDs are also available for commodities, government bonds, or stock indices. Individual shares cannot be traded on this broker, so here’s a small smear in the rating that must be made. The security of client funds should be given to a trusted broker. In online LimeFXs, trust in a broker is very important.
- The Classic account operates under the market maker model with the minimum spread listed at 1.6 pips, which is not as low as the spreads offered by most other brokers.
- So, the spread effectively means the difference between two prices.
- LimeFX provides negative balance protection to its clients and their funds are held in segregated accounts with tier-1 banks.
- This broker allows all trading strategies, including scalping.
Charts, which are crucial to technical analysis, are used to predict the movement of price and identify tradeable trends. On the MT4, you can easily customize your price charts based on your own preferences. For example, you’ll set the pending order to execute when the market reaches a certain price. Below you can see what the order window looks like when you’re ready to place a pending order. Currency – the basic currency of the deposit to be set automatically depending on the account type selected.
With the world’s cheapest fees, the broker is currently topping any competitor. The trading experience is unique with this broker and you save a lot of money on the order execution. For every trader who trades forex, this is the right provider. You can trade in the trading platform as low as 0.01 lot.
As you’re also able to customize any indicator in MQL4 and then upload it onto the MT4 platform the possibilities are endless. You’re even able to buy and sell expert advisors limefx cheating on the Metatrader Marketplace. Finally, the trader will then place stops a mere few pips away to make sure they can protect themselves against large movements in the market.
XM Group – Indonesia Grand Promotion
LimeFX is regulated by the FCA in the UK and the FSA in the Seychelles. Clients must be at least 18 years old to use the services of LimeFX UK Ltd. Trade CFD Stocks on a range of top-class companies with no commissions.
- You’ve probably identified that there are overlaps between the sessions, for example; at 7am both the Tokyo and London sessions are open.
- The MT4’s successor, MT5, is also offered to traders, though it is less celebrated.
- If you are a scalper or day trader, then LimeFX’s low spreads and fast executions will be beneficial to you.
To further improve its service, well-known and professional traders are invited to hold webinars or other information sessions.Well-known names are Giovanni Cicivelli or Mike Seidel. LimeFX tries to give its customers the best performance combined with good service. The provider allows any strategies and automatic programs. Expert Advisors can automatically run 24 hours a day through a VPS server at LimeFX. The latency is very low and the price from $ 22 a month too. LimeFX is a non-dealing desk broker, which has a similarity to an ECN broker.
First of all, I speak about situations when the price is going up and down and does not catch your stop, although the candle crossed it. But it can be a matter of strategy and selected tools, I can’t vouch for it. But in principle I can advise with a clear conscience, a good broker, only maybe not for beginners.
The first thing to know, is that currency pairs are expressed in terms of the ‘Base Currency’ and the ‘Counter Currency’. The base is always expressed first and the counter second – so in our example, the EUR is the base currency and the USD is the counter. A retail trader like yourself would sell the EURUSD if they believe that the price of the USD will appreciate in value against the EURO. So, what exactly happens in the forex market, to make it so attractive to investors across the globe?
Is LimeFX good?
After I profited and took my deposit, everything seemed to be fine for some short time and orders were executed approximately with the same execution speed as with my other brokers. That is pretty enough for me so I am not going to check this broker ever again. LimeFX supports bank wires, credit/debit cards, Skrill, Neteller, Sticpay, Fasapay, Unionpay, NganLuong, QIWI, and WebMoney. The minimum deposit and withdrawal amounts are $100 and $25, respectively.
Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence. Our eBook has been written to tend to each and every one of your needs from learning traders’ psychology to important trading techniques. Visit LimeFX Official Website to find the list of available promotions today. For traders, LimeFX is running “Traders of the month” live trading competition every month. Thus all clients accounts are segregated and have bank protection through the Seychelles’s banking scheme.
Overview of Trading Platforms
Our blog provides this kind of information as well as sites like Bloomberg and Reuters which have huge amounts of information available. We actually offer our clients the world-renowned MT4 and MT5 platform! It has a wealth of tools available to enhance your trading including the ability to use custom indicators, charts and a notification system so you don’t miss any trading opportunities.
So, if you deeply trust EA algorithm, you might like this one. Each new ‘level’ doesn’t give you more content, tools or privileges. Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing. Do some research and i read so many positive feedback out there.
The negative balance of an account is very feared by many traders. For some brokers, traders in the past have been able to build up debt or negative balance through extreme market https://limefx.club/ conditions, which had to be balanced. Here you can see again that LimeFX is a seriousNDD broker. In addition, LimeFX has no limit for stop-loss and take-profit brands.
The Trader of the Month promotion requires no sign-up as every live account participates. $1,000 is awarded to the winner, but it remains unclear if this is a cash price or a non-withdrawable deposit into the trading account. A prize of either $200 or $500 is deposited into the trading account of the NFP Machine winner, a contest held during NFP week each month. New trading accounts may be provided with a $30 deposit, which cannot be withdrawn, but any profits generated are for traders to keep. A four-months long contest focused on referrals, known at LimeFX as the IB contest is also held annually.
LimeFX permits scalping as well as news trading and the use of EAs. I withdraw the last deposit as I could not do anything in August. I deposited $100 on an old account, it had a small balance from before deposited with a different card. And all the technical issues while withdrawing, with depositing there is no technical issues.
With LimeFX you can invest in 84 financial instruments including Forex, Stock Indices, WTI, Precious Metals and Bonds. The broker is licensed by multiple regulatory authorities and accepts traders from all over the world. FSA regulated Forex Broker with superior trading conditions.
It’s actually a global network where there’s a network of financial institutions and banks that oversee the market rather than a central exchange like the New York Stock Exchange. For the most part LimeFX’s offering is very standard, but there are a few unique features. The broker runs a Trader of the Month competition with a prize of $1,000.
Drawbacks to consider are its small range of markets, limited research material, and lackluster educational content. While the VIP account does have highly competitive pricing, there are better forex brokers out there for traders to consider in 2022. LimeFX is most valuable to high-volume, high-balance traders who are looking to trade only the most popular forex and CFD instruments. LimeFX complements its MetaTrader offering with a good variety of copy-trading platforms, and offers multiple account options with varying pricing structures.