For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Identify trends and support or resistance levels for price forecasts with MetaTrader 5 charts. Enable trading robots to see changes in currencies, indices, and other security quotes.
Minimum deposits at LimeFxFX will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFxFX entity you choose for establishing your trading account. Founded in 2011, LimeFxFX holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFxFX provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
In-built strategy tester features
LimeFxFX does have a proprietary app for social copy trading (the LimeFxFX Copytrading app), yet it still trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps. By comparison, industry leaders Saxo Bank, IG, and CMC Markets all offer over 10,000 tradeable instruments. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, limefx courses scam I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. The LimeFxFX Trading App is an official checking trading account with built-in tools to help you manage your LimeFxFX personal profiles, control real, demo and contest accounts, and manage deposits.
- Once the credentials are verified, the trader will be able to access their account and start trading immediately.
- Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features.
- So, if you claim the 50% bonus on a $100 deposit, the minimum volume requirement will be 25 standard lots.
- The bespoke software enables users to track master traders and their live performance, control portfolios on the go, view how their funds are invested and manage risk in real-time.
- Below you can see the most important benefits and drawbacks of trading with this broker.
MetaTrader 5 scalping allows you to turn many small profit opportunities into a big one. MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste. We are constantly improving our product to make your trading experience better.
Is LimeFxFX A Market Maker?
CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I would say this is the platform of choice for the professional trader. However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line. That being said, you can get cTrader and the MetaTrader platforms from another top broker in Pepperstone. We do not limit the array of assets available on demo accounts—trade anything you like and diversify your skills.
The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) offer weak trader protection. Opening an account from one of the 185 countries where this license is used is considered high risk. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive. LimeFxFX aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (Straight Through Processing) and ECN (Electronic Communications Network) models implemented. What this means is that you can get your trades placed on the markets at the best available prices at all times.
How to access the LimeFxTrader platform via the web and the mobile app
If you prefer a broker that gives you access to a large selection of tradeable assets, then you are better off choosing another EU-regulated broker. LimeFxFX’s award winning customer support team is available 24 hours a day from Monday to Friday. Customer https://limefx.biz/ support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough.
How to Sign Up and Deposit Money at LimeFxFX
To practise your trading skills safely, try opening a risk-free Forex demo account before creating a real one. With the LimeFx demo account, you get a full trading experience while using only virtual funds without risking any real money. Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots.
Register for LimeFx’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month. To participate in this contest, simply register for a new Demo account. There are prizes of $500, $300, and $100 for the first, second, and third positions, respectively. The bespoke software enables users to track master traders and their live performance, control portfolios on the go, view how their funds are invested and manage risk in real-time. Traders who live within the EU will have their accounts placed under LimeFx Markets Cyprus Ltd. LimeFx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust LimeFxFX.
The broker also has their very own trading app which provides a modern and sleek interface for an enjoyable trading experience. The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart. MT5 has 21 timeframes for all financial instruments, and provides more than 80 popular analytical tools, as well as the ability to construct charts based on other indicators’ data.
Islamic swap free accounts that comply with Sharia law are available. It is great to see the broker supports clients with different religious beliefs although this is pretty standard nowadays. While LimeFxFX has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. Choose from 300+ trading instruments, including shares, commodities, and indices. If you encounter a withdrawal problem when using the LimeFxFX trading platform, you will receive a notification in an email explaining the issue.
I forgot my password from LimeFxFX account
If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online. The broker also applies 3D secure Visa authorization when processing credit and debit card transactions. Also ensure you add additional security settings such as two-factor authentication (2FA) when using LimeFxFX platforms.
The actual list of available trading instruments is specific to each trading platform. LimeFxFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most of the traders who use this broker are located in Indonesia, India or Malaysia.
MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform. It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (EAs). Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features.
The online broker is licensed and regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name. It is important to note that SVGFSA does not regulated Forex trading nor binary options trading. This means that all Forex trading done through LimeFxFX.com is unregulated. Make sure to check all bonus terms and conditions before participating. When we used LimeFxFX’s deposit bonus scheme, we were only permitted to withdraw a reward after completing the minimum volume requirement.