As such, an LimeFx client sells one currency against another at a current market rate. Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading currencies always involves exchanging one currency for another. By proceeding with opening an account, this will be registered with LimeFx Global Ltd, which is authorized and regulated by the Financial Services Commission (FSC) in Belize. LimeFx Global Limited falls outside the South African regulatory framework and Belize’s laws and regulations will apply in relation to your account. At LimeFx deposits and withdrawals are performed via the LimeFx Members Area, which is fully functional on all mobile devices and which has been designed with mobile trading in mind.
Unlock Your Trading Potential
LimeFx provides different trading platforms to meet the needs of traders with different levels of experience. Furthermore, the broker provides access to desktop and webtrading via an MT4 MultiTerminal and an MT4 webtrader for PC and Mac, respectively. To start generating more significant profits, a micro lot account can be a good choice. Micro lot trading accounts typically operate with account balances between USD 1,000 and USD 10,000 and allow you to trade with a fraction of a standard lot (i.e. USD 100,000 of any currency of your choice).
Forex Account Types
- Among the very credible traders, you can come across with features in versatility and also credence.
- LimeFx trading broker is regulated by several regulatory bodies, which ensure that it keeps users’ funds safe and secure at all times.
- LimeFx personal account managers have a reputation for ensuring their clients get the best from their trading activities.
- A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies.
LimeFx does this to protect clients from highly volatile market conditions, such as news releases. LimeFx broker is regulated by three financial authorities and strives to keep its platform secure for users around the world. The platform takes several measures to protect users and their accounts. Once you have provided your personal information, you will be required to choose a trading platform. They have a wide ranging section for education, including free weekly webinars that are interactive.
The Meta Trader 4
They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions). LimeFx provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution.
LimeFx always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. UK based organization Investors in People have recognized https://limefx.group/ LimeFx for its efforts in developing people to realize their full potential and achieve their goals. By attaining this exemplary standard, LimeFx has demonstrated that it is a leading force in the online trading sector and is committed to the people it serves.
The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison. However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine. On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5.
Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. Depositing and withdrawing funds with LimeFx is a convenient and secure process. The broker offers a variety of payment methods to cater to traders from around the world. When holding positions overnight, traders might incur swap rates, also known as overnight fees.
Their business model is built around the belief that execution is everything when trading. From my experience, execution can play a big part in your trading results, especially if using a scalping strategy. There are different trading platforms and flexible trading conditions provided for you to choose from, depending on your needs. This means that you can enjoy trading all of your favourite strategies and preference of financial markets without any hassle.
I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you. MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. LimeFx pioneered offering an MT4 platform with trading execution quality in mind. LimeFx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage.
We employ both manual assessments and automated testing through Expert Advisors, Indicators, and Scripts to ensure accurate and unbiased evaluations. LimeFx, established 15 years ago, has carved a niche in the online brokerage industry with its diverse offerings and client-centric approach. LimeFx offers a wide array of educational materials, designed to cater to traders of all levels, enhancing their trading knowledge and skills. LimeFx provides a comprehensive suite of research and educational resources, including trading guides, webinars, and fundamental analysis tools.
The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving. There aren’t many brokers who offer Autochartist to you, although GO Markets do. LimeFx Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs.
Read our full explanation and accounting of our research and testing process to learn more about how we test. For Ultra Low and Zero Accounts, a more limited selection of base currencies are available as shown below. Traders will need to part with a paltry sum of $5 as their initial deposit. This will serve as the base capital for their first trade and also as a shield. LimeFx email support works well and typically provides answers in 24 hours or less. When it comes to choosing a broker, there are many factors to consider—and one of the most important is whether the broker is regulated by a reputable authority.
By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive.
Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with.
The management team have hosted hundreds of seminars in over 120 cities to educate traders. They are a human company that put client satisfaction first which explains why they have such a high level of client retention and a loyal user base. Personally, I have used MT4 for many years limefx review and never felt the need to switch over to MT5 just yet. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.