MT4 provides a decent range of analytical tools and affords the execution of basic limefx scammers technical analysis, though its charting capabilities are rather cumbersome. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis.
What Are CFDs?
I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning LimeFX’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. Clients of LimeFX will have the opportunity to open Standard accounts and trade with flexible leverage.
Research Tools
- However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms.
- I did not find any specific feature in LimeFX’s offering to say that the broker is better suited for high-frequency or longer-term trading.
- LimeFX offers advanced trading tools, comprehensive educational resources and up-to-date market insights to make you a more strategic trader.
Users of the brokerage firm can also execute their trades while they are out and about, as LimeFX’s mobile apps make it exceptionally easy to keep tabs on the market anytime and anywhere. The brokerage firm allows its clients to trade on stocks with zero commission and from as low as 0.1 shares. Customers can trade shares in either direction, long and short, meaning that they will be allowed to speculate on price falls and rises. LimeFX offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning. Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading. While I appreciated LimeFX for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content.
LimeFX has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body. According to our system, the FSA Seychelles is a Tier-3 offshore regulator, which mandates compliance with some of the essential safety mechanisms. Traders who are looking for portfolio diversification should consider trading shares as thus, they will not only be able to invest in the shares of global companies but can also find new and upcoming brands. The procedure of account opening is easy and fast and takes less than 1 minute.
What is CFD Leverage?
Traders can use the demo account for as long as they prefer as there is no limit on the time it will be valid for. When clients of LimeFX are ready to switch to a live account, they should get ready to undergo a verification of their identity. It should limefx official site be noted that the payment method traders will choose when depositing funds to their accounts should also be used when they want to withdraw their funds.
There are several futures asset classes for traders to pick from, including currencies, indices, and commodities (oil and agriculture contracts). Clients of the brokerage firm can speculate on soft and hard commodities like cocoa, coffee, oil, natural gas, and sugar. There is also the option to get exposure to global stock indices and currency futures. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform. I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
Platforms and Tools
Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. LimeFX does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade.
The second email will include vital information like your login number, MetaTrader 4 login password, server name, and account currency. You will be required to keep this data at hand as you will need to enter it later. In this video, we’ll discuss how to log in to the MT4 platform on Windows once you’ve registered with LimeFX.