If you trade using MT4, your webtrading will be done on the LimeFx MT4 webtrading platform. There are several account types available and you can choose whichever suits you during the signup process. LimeFx does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user’s responsibility to ensure that any use of the website or services adhere to local laws or regulations. LimeFx does not affirm that the information on its website is suitable to all jurisdictions. As such, an LimeFx client sells one currency against another at a current market rate.
Ultra Low Standard Account
MetaTrader 4 was designed by taking into account all the requirements of the 21st century technology and thus it ensures flexibility at its very best, the core of this being mobility. This is exactly why the MT4 mobile trading option allows investors to also access the trading platform, apart from their Windows and Mac operating system based PCs, directly from their smartphones and tablets. Trading portfolio as well as multiple trading account management and/or monitoring is thus possible practically speaking on the go. Automated trading is undoubtedly one of the most popular features of MetaTrader 4. It is remarkable data in itself that since 2014, over 75% of the United States stock share trades, including NASDAQ and the New York Stock Exchange, have been carried out through automated trading system orders. The fact that today automated trading on the MT4 software is also available for retail traders and investors is a huge plus, allowing trading not only on stocks but also on foreign exchange (forex), futures and options.
Forex Trading via a Broker
Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs. This makes it versatile as it permits traders to use various styles of trading to maximize their gains. Clients also get access to trading ideas and analysis to help them better understand financial markets. For most online traders and investors, whether they are trading forex or CFDs (Contracts for Difference on various financial instruments), MetaTrader 4, is undoubtedly a household name today.
Forex Risk Disclaimer
The Standard account on offer at LimeFx gives you access to all the available instruments with zero commission. There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip. This is a great way to get feedback from industry professionals who know what matters the most to traders.
Deposit Bonuses
Whether you’re a beginner or an experienced trader, LimeFx Group offers a range of account types to suit your needs and preferences. When it comes to education, LimeFx does a great job of teaching both new and experienced traders several strategies and approaches to trading financial markets. If you are a new trader, you can learn by watching videos on the platform, then practicing with a demo account. The educational videos are valuable as they contain useful information and insights.
Customer Support Contacts
This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements. LimeFx Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities.
Expert advisors, which are linked to specific charts, provide valuable information to online investors about possible trades and can also perform trades on their behalf, sending the orders directly to the trading server. Along with this, by using MQL4, investors can write their own custom indicators and use them in addition to those already available on the MT4 client terminal. MQL4 also includes scripts, but unlike expert advisors, these do not execute any pre-determined action limefx scam on traders’ behalf and are meant to handle the single execution of certain trading activities. Suitable for both beginner and seasoned traders with versatile investment skills and practices, MT4 can be regarded today’s ultimate trading software in virtually every spot of the globe. You can perform deposits, withdrawals and transfer funds between your trading accounts via the LimeFx App. LimeFx Group is operated with client requirements at the forefront of everything that they do.
LimeFx was first started back in 2009 in London and now they have an offering of more than 400 different instruments. LimeFx email support works well and typically provides answers in 24 hours or less. You will not be charged a fee for opening an account on the platform. However, if you are inactive for https://limefx.vip/ 90 days, you will have to pay an inactivity fee of $15. Subsequently, you will be charged $5 monthly if this inactivity persists. 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.
This is not just for the best possible trading conditions but also the simplicity they can offer you when it comes to everything from opening an account to making deposits/withdrawals, contacting support and trading. LimeFx provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. LimeFx provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. Since LimeFx does not offer traditional futures contracts trading, it’s important for traders to understand the distinction between CFDs and futures and to ensure that the broker’s offerings align with their trading goals and preferences. Deposits and withdrawals are essential parts of trading on a brokerage platform. LimeFx provides multiple deposit methods with no deposit fees and several account base currencies.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LimeFx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. LimeFx offers great customer service, which is currently available in over 20 languages. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative.
LimeFx Group estimate the account opening process to take an impressive 2 minutes to complete. You simply fill out the brief online registration form, verify your email and upload your identification. Once your account has been verified, you are then free to fund it using any of the multiple deposit options and start trading. LimeFx Group Support is on hand to guide you through the process if need be.
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). With the reasonable use of your initial deposit and some leverage you can gain considerable profits on a micro lot account. Because demo accounts simulate results, order execution time may be relatively fast – even faster than having the same order executed on a real account. Investing virtual funds, even if under real-time market conditions, does not equal with investing real money. Psychologically speaking, this affects your trading decisions, as well as your reaction to virtual gains and losses.
- However, it is a great option if you are new to trading and need some guidance along the way.
- 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.
- It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated.
- On the MT4 platform you can trade all the instruments available at LimeFx including Stock Indices, Forex, Precious Metals and Energies.
- In forex trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side.
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. The broker has a wide range of trading instruments for you to choose from including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. All instruments are available to trade from the same trading account on 16 trading platforms which makes your trading easier and more efficient. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
LimeFx does this to protect clients from highly volatile market conditions, such as news releases. To make a deposit, you simply need to log into your trading account and go to the deposit option. The process is usually fast and instantaneous and you can immediately start trading with the deposited funds. As with most regulated platforms, LimeFx broker requires your personal information and details while setting up an account.
Please note that if you already maintain a different LimeFx Account, you will not have to go through the KYC verification process as our system will automatically identify your details. If you are a retail trader, looking for a broker that focuses on stocks and forex, then LimeFx should certainly be worth your consideration. With great customer support, excellent research and education content and negative balance protection, LimeFx is certainly great for beginner traders.
Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that LimeFx does not charge for withdrawals helps to keep costs down for the trader. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). Looking also at the number of base currencies available, there are 11 to choose from. It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker.