LimeFx does not operate a dealing desk, or make a market in forex. These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets. Become a successful Introducing Broker (IB) by joining LimeFx Program. Your mission is very simple – to recommend our services to prospective clients. We value our partners and clients, therefore you can be assured you are introducing your clients to a well-known, established and regulated broker, offering transparent processes and competitive terms and conditions.
How to Open an LimeFx Account – A Step by Step Guide
An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders. Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important.
- It establishes a transparent environment for trading with minimal interference from the broker.it is also a very budget friendly platform, which is another great advantage for a lot of traders out there.
- According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day.
- Yes, it is possible to have a profitable strategy when trading with LimeFx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading.
- MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface.
Trading products
Maybe the broker still has space for improvement, for instance, to add some commodities for trading, but I am into forex pairs trading predominantly. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex https://limefx.vip/ brokers. Before making any trading related decision, contact a local professional financial advisor. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking.
Can traders from South Africa open an LimeFx trading account?
We are also disappointed with LimeFx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LimeFx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like LimeFx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. LimeFx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money.
MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader. The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can limefx scam concentrate on the important stuff – trading. As a regulated broker, LimeFx maintains a solid regulatory environment complying fully with financial laws. All payouts are made on time with no restrictions or delays in withdrawals. Once your application is approved, you will get full access to our Partners Hub and receive your referral links.
First Deposit Bonus
LimeFx provides three different account types, namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account. LimeFx does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday.
MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. Apply for a live account in a few minutes or try a free demo account.
In fact at LimeFx we believe this ECN account is not basic at all. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions.
The “Education & Research” section of the broker’s website is replete with various educational resources, such as learning articles, forex news, traders corner blog, glossaries, educational eBooks, and more. There is an FAQ section that answers some of the common questions that you may have. I think there is enough to improve your trading if you are a complete novice. There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts.
MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. LimeFx does not provide services for United States residents and/or citizens. Central Clearing Ltd () is registered under the International Company Act [CAP 222] of the Republic of Vanuatu with registration number 14576.