You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app. While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall. You won’t have to look too hard to find a market that’s moving.
LimeFx also provides traders with a large amount of market research. This is comprised of numerous daily articles, and occasional webinars that are created by a team of analysts located around the globe. The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions.
- High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure LimeFx clients have a notable edge in financial markets.
- He has also published a book in 2023 on on investing and trading.
- The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence.
- Limit and stop levels start from 2 pips, and traders canbegin trading with as little as $100 for the minimum deposit.
- It enables all trading strategies with a cutting-edge trading environment and competitive fees.
This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future. In the sample below, we can see that LimeFx isn’t the best choice for spread-only trading given most other brokers perform better. LimeFx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients. Other good features we think are worth noting include being regulated in 6 different countries or regions.
INTRODUCING the LimeFx TRADING APP
The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office. LimeFx does not ask unnecessary questions, the process is hassle-free, and the back-office user friendly. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
What funding options does each broker offer?
Equity CFD commissions of 0.10% and trading costs on commodities, indices, ETFs, and bonds remain equally competitive. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. The three most attractive tools offered to traders are thePremium Trader Tools, the Autochartist tool, and VPS Hosting.
LimeFx Announces an Exclusive Trading Marathon, for a Chance to Witness Olympic Glory
Overall, I can’t fault the LimeFx education resources, but make sure to take your own trading success into your hands, and educate yourself. It’s also a good idea to master your strategy on a demo account before switching to a live account. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. All that’s left to do is load our chosen trading platform and make a deposit. Next up, I was offered a top-up bonus, which is an incentive from LimeFx to deposit funds into the account. The bonus works by giving me some extra capital when I deposit, and I’m then required to turn over enough volume before I can withdraw it.
For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry limefx forex broker average is 2.31. We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages.
Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given that MT5 is an updated version of MetaTrader4, with more advanced features and is still receiving new development and support from Metaquotes, we tend to recommend this platform to most traders. LimeFx offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs. All that said, LimeFx do have the most popular traded pairs which is all most traders will need.
Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23). You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with.
Metals are often more resistant to various macroeconomicevents; hence they are an excellent option to diversify your portfolio. Metals are available on the Spot market including Gold,Silver against the USD, and Euro. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. LimeFx is a safe broker, considering they are regulated by top-tier financial authorities. However, different payment channels require certain amounts ranging from $5 to $100. The lessons can be as simple as explaining basic market terms, and to advanced as learning how to build mathematical models to analyse and trade markets.
Not every account or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. If you have an insight on interest rates, or where the bond markets will move, you can trade contracts based on the Bund, Gilt, https://limefx.vip/ and U.S. 23 indices and 34 ETFs covering US, European and Japanese markets are available. LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. EBENE, Mauritius, April 9, 2024 /PRNewswire/ — Exciting news from LimeFx today.
The globally esteemed, multi-regulated broker is giving the ultimate chance to clients across the African continent to be part of something truly unique. With the Paris Olympics just around the corner, the broker extends a gateway into this world of wonder. Contact us directly for further inquiries about our products and services. During events of high volatility, sudden price movementsmay occur, and margin calls or stop loss may not function correctly, whichcould lead to a negative balance in the account. Under LimeFx policies, the clientis not liable to pay back a negative balance.
Should shares CFD shares be your preferred trading instrument, LimeFx offers a total of 96 shares to choose from with MT4 and 846 with MT5. MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands. MT5 has more shares since it is designed to enable trading via decentralised exchanges. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence.