While 35 pairs mean LimeFX offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility. For both account types offered by LimeFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair. This means the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors.
Why Choose LimeFX
The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. LimeFX provides fully functional mobile trading apps for MT4, MT5, and LimeFXTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. LimeFX has transformed my trading experience with its intuitive platform and excellent tools, making every trade smooth and enjoyable. Their platform is easy to use and their market analysis is consistently reliable and insightful.
- As a basic example below shows, those who opened long positions at $2,604 per ounce have already seen gains of $116 per ounce.
- Per Shariah law, the Islamic Account accommodates the Muslim community in Singapore by abstaining from charging trade fees on overnight positions.
- In article format, LimeFX provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin.
- Gold’s historical stability makes it a great choice for beginner traders.
- Overall, I rate LimeFX as an innovative broker with a client-centric focus.
LimeFX Deposits and Withdrawals
We can tell you that LimeFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. LimeFX offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFXTrader. LimeFX extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the LimeFXTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFX offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. LimeFX (formerly LimeFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Beginners can easily enter oil trading as a rather small deposit is enough.
LimeFX Review
Their platform’s ease of navigation and excellent customer support make them a standout choice for traders. LimeFX offers a streamlined trading experience with intuitive tools and reliable market insights. The broker offers three primary account types, each with unique quality. The account types are LimeFXTrader, MT4 and MT5 accounts for every trading platform the broker provides. The LimeFXTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.
However, it’s advised to avoid trading limefx company reviews when news is released, to protect one’s capital from unexpected volatility. The broker has two referral programs, including the Invite a Friend and the IB partner programs. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. Copy and automated trading are only available on the MT5 desktop platform. The EU entity of LimeFX clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page.
A Stress Free Process
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago limefx company reviews Tribune, among other media outlets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Moreover, this currency pair is preferable for beginners due to the wide availability of market information.
