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Keeping funds separate from the company funds means that they cannot access them for any other purpose. LimeFxFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero. The risk management system ensures that clients cannot lose more than they initially invested as risk is limited only to the funds you have deposited into your account.
New instruments: XTIUSD and XBRUSD
LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Most trading platforms resemble each other in terms of their design and functionality. However, some of them are more old-fashioned than others, still implying a non-user-friendly, challenging to understand navigation. Customise your account—real or demo—or just create a standard margin account in one click. The best time to trade specific Forex pairs depends on the active session.
Mobile trading apps
We have over 20 years of experience when it comes to trading online so we know what to look for. On the account monitoring page of the LimeFxFX website you can select an account or nickname and view its performance, charts, profits, orders and history. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.
Islamic account feature released
After you enter your country, phone number, and birthday, press ‘Continue’ and pick a trading account creation mode. ‘Standard’ mode allows you to create an account with a single click, while the Custom one lets you pick between an LimeFxFX Demo and Real accounts, choose a trading platform and leverage. By default, it will be a Real MetaTrader 5 account with maximum leverage. MT4 opens with four charts by default, each representing a unique currency pair.
How can I trade Forex on my phone?
It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. 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 made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
New ZAR pairs and XNGUSD added
When you trade, you open a Buy order if you expect the price to go up and open a Sell order if you expect the price to go down. It means that you buy a certain amount at a lower price now to sell it back at a higher price later and gain profit from the price difference. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. MT4 can also be accessed via Android, Windows, iOS, and macOS apps.
This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. https://limefx.name/ As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Overall, there is a lot to like about LimeFxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of scammed by limefx trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.
- Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment.
- A minimum deposit might not be enough to diversify your investments.
- Pick the ‘Custom’ option, press ‘Continue’, select ‘Demo’, set a platform and leverage, enter your starting balance, and press ‘Create account’.
- 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.
MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform. It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (EAs). Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features. MT4 is the complete platform to get started trading online and is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do so. The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters.
Every year we improve our conditions to make your trading journey easier. Each currency trading platform has specific features that define your experience. If you are still deciding which one to choose, try LimeFxTrader, a trader-oriented platform designed to help you earn. The Strategy Tester helps to test the performance of trading robots and find the best input parameters before executing EAs on real accounts. The entire process is based on the historical quotes of currencies and other financial products, for which there are several testing modes.
