Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
How can I open an account with LimeFx?
LimeFx, a global financial broker, conducted charity initiatives in Indonesia and Malaysia to feed the underprivileged during the Muslim holiday of Eid al-Adha. With this knowledge, we created our platform to help you make money through smart and well-controlled investments. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.
Expert Advisors (trading robots) in MetaTrader 4
It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. 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. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
years in the market
Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Interactive Brokers offers better pricing overall for traders. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels limefx scammers and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop.
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. All possible trading strategies and EAs can be used in this contest. We strive to offer the best trading conditions on the market to make trading easier and more profitable for our traders. Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading.
- Use the LimeFx economic calendar to find an upcoming news release and analyse how it might affect the price of a certain asset.
- By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically.
- The U.S. dollar remains the dominant player in the Forex market, involved in 88% of transactions, while the euro follows in second at 31%.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- We’ve made it easy to compare the best forex brokers, side-by-side.
LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than https://limefx.name/ average for the industry. LimeFx offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies.
By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime. LimeFx clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available.
These conventional investment avenues offer stability but often come with limitations in terms of returns or diversification. After-hours trading occurs when the day’s normal trading session is closed. UTC, but the after-hours trading session can run as late as 12 a.m.
By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Opening a MetaTrader 4 Demo Account is the best way for a new trader to check out the platform, get familiar with the tools and learn trading techniques.
LimeFx does not currently charge swap fees – the charge for holding leveraged positions overnight. In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. Use our country selector tool to view available brokers in your country.
This schedule shows the actual trading time for every asset offered by LimeFx. Use it to plan your trading day and choose the best times for opening and closing orders. All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons.
This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies.
There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
With LimeFx’s funding, IDEP bought three cows and distributed the meat among the local Muslims. This charity effort targeted families affected by coastal abrasion and high waves. According to IDEP, the program symbolised continuous care and support for the affected community.
It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (LimeFxFX MT4 and LimeFxFX MT5), all fees are reflected in the spread – there are no additional commissions charged. MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future. Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing. At LimeFx, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund.