LimeFX MT4 Forex Broker Review Must Read when trading Currencies

It allows trading into minor, major, and exotic currency pairs, crude oil, metals, natural gas, index CFDs, cryptocurrencies, etc. Our LimeFX review explains that they should be applauded for bringing FX trading to the masses by keeping its initial deposit at $1. Other companies had offered micro accounts with $50 as minimum deposits but LimeFX took the revolutionary step. LimeFX provides trading instruments on several markets, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & CFDs.

• Every broker wants to earn profits, and after offering low commissions and great spreads, decent rollover rates are not a thing to worry about.
• For cryptocurrencies, trade sizes vary and are scaled to the coin value.
• The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC.
• LimeFX ECN account is the broker’s most competitively priced account, suitable for all traders, but particularly useful for scalpers, high-volume traders and those who trade with Expert Advisors .

With STP accounts, the commission is included in the spread. It is our mission to provide excellent trading conditions, along with technical innovations, fairness and transparency to enable and empower our clients. Thanks for taking the time to leave a review and for sharing your positive experience of LimeFX. I just wanted to Invest in PAMM or MAM account not free trade.

Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly. LimeFX was the 1st company to introduce ECN trading on the MT4 platform, back in 2009. Since then, they have grown their trading environment into a huge marketplace where the orders of professional traders, hedge funds, asset managers are matched against those of retail clients. This business model allows LimeFX to offer robust deep liquidity and consistent execution for all types of trading strategies, HFT and toxic flows included. LimeFX does not have a special field for educating newbies. However, trading platforms can access a knowledge base and useful videos to deeper study trading and market topics.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. In addition to those, LimeFX also hosts the ForexCup Trading Contest Bonus whose prizes are then added a user’s live account. The prizes and bonuses are paid to those contestants who have secured a place among the prize winners whose number varies from contest to contest. In 2014, the LimeFXpany continued its march to providing the most up-to-date technologies by introducing Bitcoin trading to its B2B and retail clients.

Compare Trading Instruments

Account currency can be in USD, EUR, GBP, JPY, RUB, CHF, and Gold. GLD is used as base currency the same way as the ECN Account. No limitations are set and the trader will have more than 50 tradeable instruments as stated, under the same liquidity conditions as the ECN type. STP Account also has more tolerable Margin Call and Stop Out levels. STP Account does not list crypto assets and some other commodities for trading, only the ECN Account has all assets available. In August 2014, LimeFX NZ Limited stopped issuing derivatives to retail customers and the company was deregistered from the financial services provider register.

It gives admittance to the FX market changing major currencies, silver and gold. If you have been signing up for a micro account with this broker previously, it is not probable to obtain a welcome LimeFX Forex bonus no deposit. Their corporate job is to provide their traders with the tightest spreads in the business as well as a favourable trading environment with the aim of authorizing the traders. As a complete ECN/STP broker LimeFX UK do not takings the other side of the trades, but permit them on to liquidity providers and banks, meaning there is no fight of interest between the trader and the broker.

Over seventy percent of Forex brokers provide Metatrader4 download to their clients, and over 90 percent of all transactions on the retail Forex marketplace are conducted through MT4. Since 2005 Metatrader4 has been holding the title of the most prevailing Forex trading terminal and sustains to receive respected awards year after year. LimeFX allows micro lots trading via their Standard account since the minimum lot size permitted by LimeFX when trading with CFDs is 1 micro lot. LimeFX allows micro lot trading via MT4 and MT5 accounts with minimum size 0.01 lots.

No minimum deposit is required to open an account with LimeFX. The number of LimeFX assets tradable are 200+ and includes forex, indices, commodities, crypto, stocks, and currency indices. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

LimeFX MT4 Offering Broker | LimeFX was originally not launched as a brokerage but as a financial trading education centre in Egypt. Then in 2005, they made the decision to become a full-service forex broker for the retail traders’ industry. Coming from the education aspect of trading they were very much aware of what was lacking at that time in the forex market and with most of the brokers. Aiming for clarity and transparency LimeFX has a clear mission and the financial means to realize it. There are several trading platforms to choose from on LimeFX.com.

What is LimeFX Broker

LimeFX AU Pty ltd, with over a decade of experience, provides a safe trading environment. The firm aims to offer liquidity to its client, while maintaining a transparent work mode. In order to facilitate its clients, the firm has incorporated cutting edge technology into its systems and platforms that helps in yielding optimum results and enhances customer satisfaction. If a client trades through limefx forex broker LimeFX AU Pty ltd and their ECN business model, they will be at the liberty to act as either, liquidity providers and liquidity receivers. It is an ideal choice for clients who are looking for a platform where they can carry out automated trading alongside scalping and high frequency. Micro Account is scaled down to cents instead of regular USD and is designed for low capital traders.

• If you want to practice with virtual currency before signing up for a live account at LimeFX, you have the option to do so with the broker’s Demo Account.
• There are 28 currency pairs, Gold and Silver available for trading only.
• So, be sure, it offers the instruments you will trade before choosing the account type.
• Be aware that scammers may give out other false details or mix these with some correct details of the registered firm.
• LimeFX also requires a minimum starting capital of £300 which is relatively high.

LimeFX continues to make enhancements to the ECN liquidity, resulting in FX spreads being reduced by over 40%. LimeFX review considers LimeFX as a language-friendly broker as it supports several languages like English, Farsi, Arabic, Spanish, Turkish, French, Portuguese, German, Thai, Russian, Indonesian, and Malay. Moreover, you can use the firm’s Virtual Private Sector service for 1 month for free, if you maintain equity of $5,000 at the end of the month or have traded per calendar month volumes of $10,000,000.

LimeFX CFD Trading Account

If you want to compare LimeFX with other brokers, use the detailed comparisons below. See our list of brokers that accept PayPal for alternatives. There are a few fees to note when trading with LimeFX International, including an inactivity fee. If your account is inactive, you will be charged $10 per month.

So as to provide novices a chance to experience the fell of live trading, LimeFX UK has actual kindly provided them with a free LimeFX demo account services. Traders just important to register to gain admittance to the LimeFX demo account facility. LimeFX Standard account offers a huge range of forex trading choices with more than 70 forex pairs, as well as CFD indices, commodities, metals, and bonds. For clients using the ECN account, if the account balance is below $1,000, a commission of $3.50 is charged per lot. However, if this balance exceeds $1,000 and is between $1,000 and $25,000 then the commission charges are brought down to $2.50. As the account balance goes up, commission charges are reduced simultaneously.

What trading platforms does LimeFX support?

LimeFX is one of the top Forex brokers on the planet having around a quarter of a million clients as we can see in detail LimeFX Review. It has grown into a major company having extensive global reach that has been driven by its committed and professional employees. https://limefx.vip/ All these factors increase the chances of financial success of its clients. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute LimeFX advice.

• With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
• They wanted to create a universal financial trading environment where clients could benefit from professional tools, various platforms, extensive trading assets index, and a secure environment.
• Trading CFDs, FX, and cryptocurrencies involves a high degree of risk.
• This address is not the same as the one registered for contact on the LimeFX website.

LimeFX offers a demo account in any of the three account options and with MT4, MT5, and TickTrader platforms. The demo account can be opened from the main page and gives users up limefx website to $1,000,000 in virtual funds. The demo server will remain accessible as long as you log in each month. You can then upgrade to a live real-money account when you’re ready.

LimeFX

Brokers will offer all kinds of offers to try and attract you in. It’s important to research before signing up with a broker. Luckily, we have researched multiple brokers over the past few years and we believe these to be the top 4 forex brokers online today! These 4 brokers offer you the highest potential to make a profit, best conditions, most responsive interface, best sign up offers and most security for your funds. Amazingly, LimeFX was established in the year 2003 as not a company but an educational project. Starting 2009, they started providing trading to their clients through the Electronic Communications Network offering direct order execution based upon the MT4 terminal.

You can easily select the top-earners on this massive network of traders and automatically copy their trades. LimeFX’s copy trading technology is one of the world’s best and most profitable technology every to appear in the Forex market. So you’ve decided to invest in Forex, but where do you start? There are hundreds of brokers all offering a “unique” platform that really isn’t that impressive.

LimeFX EU Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission in Europe. LimeFX Ltd is authorised and regulated by the Financial Conduct Authority in the United Kingdom. LimeFX charges deposit fees, variable according to the funding method and deposited funds are available almost instantly. Please visit the LimeFX funding options web page for more information.

Note that Tether is a US Dollar-pegged cryptocurrency, that lets traders deposit and withdraw in USD and EUR equivalents using the Blockchain technology. Swaps are calculated in percentage terms per annum and tripled on Wednesdays. The commission charged is 1% per lot traded and it is applied to all crypto instruments although it is affected by the trading volume. LimeFX has a somewhat complicated commission fee structure.

The company is also a member of the Financial Commission, an industry self-regulatory organization that provides a third party dispute resolution service to the retail Forex industry. With these advanced and sophisticated features, it is of slight wonder why the MT4 is so prevalent amongst traders from across the world. As mentioned, LimeFX is authorized and regulated by the FCA, CySec, and ASIC, three well-known regulatory bodies. It is also a member of the Financial Commission, an organization with which some traders may not be familiar. The Financial Commission is based in Hong Kong, and it is an independent, self-regulatory body dedicated to overseeing the Forex industry and executing external dispute resolutions. It is a discussion community for account holders who want to talk about Forex, Stock, CFDs, and other trading topics du jour.

Alfa-click has a 7% deposit commission, local bank transfers have from 3.2%+USD 0.29 for USD deposits and 2.5%+EUR 0.29 for EUR deposits . This is an ECN type broker doing business since 2005 under the “by traders for traders” motto. LimeFX is transparent with its history, stating major advances for each year, the readers will have a better picture of what they do, how, and what are their concerns. Their business domains cover the Australian branch from LimeFX.com.au and LimeFX.co.uk for the UK, while LimeFX.com is from Saint Kitts and Nevis, Carribean country without any regulation. To get a fast support you can use LimeFX Live chat, The LimeFX Live Support is also available to support clients, To use LimeFX customer support just visit the broker’s website. LimeFX Trading hours of operation coincide with the global financial markets.

There are also groups containing the Ask and Average prices for the many instruments, these are indicative only but opens a different aspect of trading. There is a total of 43 trading instruments with BTC, ETH, BCH, EOS, Ripple, Monero, ETH, LTC, etc. More info on trading assets and costs for each account type in the following sections. In 2006, the company introduced Micro accounts and Shari’a compliant accounts. MetaTrader 5 – MT5 is the more advanced version of MetaTrader 4. It offers flexibility, professional analysis, signals, fundamental tools, and web and mobile trading.

LimeFX PAMM is a powerful tool, select to Forex Open, which permits trades to be copied from Master accounts to numerous Slave accounts. A Master account is the entity or person which makes the original forex trades. A Slave is an account which is allowable to replicate the Master’s strategies in real time. This is an inordinate method for an inexpert trader to replicate the success of an expert. The broker provides trading terminal versions for the most prevalent LimeFX mt4 download mobile platforms – Android and iOS.