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. Check out my picks for the best mobile trading apps in the industry. LimeFx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
MetaTrader 4 Android
Another report released on Friday revealed that the labor market was softening as the unemployment rate rose to 4.1% in June from the previous 3.9%. The rate rose even after the economy added over 202k jobs during the month. The EUR/USD exchange rate continued rising this week after Sunday’s French election. It has risen for five straight days and is sitting at its highest point since June 12th ahead of a key statement by Jerome Powell. In Malaysia, LimeFx worked closely with Azeehan, a broker’s local partner and the driving force behind many charity initiatives, to distribute the Qurbani meat of two cows in Kelantan.
Algorithmic/Automated Trading on MT5
Traditionally, Singaporean investors have relied heavily on the local stock exchange, real estate and Singapore Savings Bonds (SSBs). These conventional investment avenues offer stability but often come with limitations in terms of returns or diversification. Client orders received by LimeFx are offset by banks and liquidity providers. NDD (No Dealing Desk) brokers such as LimeFx act as intermediaries between the trader and the real market and receive a defined and transparent commission for it. 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.
Leverage, volume, required margin
With a wide range of trading instruments, user-friendly platforms, and robust customer support, LimeFx provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFx doesn’t offer trading in certain instruments limefx review like ETFs and stocks. LimeFx is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, LimeFx offers impressive customer support to assuage any potential challenges traders might face.
Getting started with LimeFx trading app
- An 11-lesson course on forex basics is available in video format and makes a good primer for new traders.
- Their live chat team is mostly based in St Lucia or Cyprus and is 24/7.
- Open an LimeFx trading account and make a deposit—you need just $25 to start.
- You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.
Your LimeFx demo trading account can do more than just teach you the basics. Experienced traders can also benefit by using their LimeFx Forex trading trial to test or backtest their strategies or master certain tools. Feel free to experiment with trend following, breakout, momentum, and other strategies on your way to create the best trading plan.
They are categorised into types, such as Trends, Oscillators, Volumes, and Custom. You can choose from a range of available indicators, download a custom indicator, or create your own. The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers.
Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws. This means clients with LimeFxMarkets don’t https://limefx.biz/ have any form of regulatory protection so you can only trust LimeFxFX operations meet the standards you would hope. As this subsidiary is not regulated, LimeFxMarkets can be called an offshore broker. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads.
Space is a unique live feed designed by LimeFx to get you fresh trading ideas right in the LimeFxTrader trading platform. Learn about the current trends for different pairs from the LimeFx experts and open orders on the same screen to save time and effort. No, you can use a web platform or install the LimeFx trading app on your mobile device and trade Forex on a demo account without any limitations. Minimum deposits at LimeFx 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 LimeFx entity you choose for establishing your trading account.
At LimeFx, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. One thing that stood out to me about this broker during my review was the ease of use.
Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. LimeFx offers barely 230 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 LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
The figures below reflect the available leverage at the offshore entity of LimeFx. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. LimeFx does not currently charge swap fees – the charge for holding leveraged positions overnight.
Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super easy to download and install the terminal on any compatible device. We’ve made a list of the best European brokers to trade with worth using. The pair also rose as traders assessed the next Federal Reserve actions after a series of economic data showed that the economy was slowing.
In addition, LimeFx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. If you are not familiar with the trading platform, make sure to check our Manuals section for detailed instructions. If you margin level falls under 15%, your open positions will be mandatory closed starting with the trade that has the highest floating loss. To check how much approximately will be required to open a certain position, you can use our Forex Calculator. Therefore, Jerome Powell’s testimony which will start on Tuesday will shed light on what the bank expects. The pair will also react to the upcoming US inflation data that will provide more information on whether prices are falling.
Additionally, LimeFx’s educational resources and intuitive trading systems enhance the overall trading experience, making it easier for investors to navigate the complexities of the Forex market. MetaTrader 5 (MT5), besides simply offering more than MT4 does, also includes features and trading functionalities that are better than many other online trading platforms available today. With MT5, MetaQuotes Software has increased the number of technical analysis tools available, along with more charting and timeframe options. LimeFx provides a solid range of educational materials, including articles, videos, webinars, and a video course.
