LimeFX has a section on its website where you can read updated articles about Technical Analysis and Fundamental Analysis of the markets. The company puts effort into these articles to update its traders. This makes it easier for traders to know what’s going on in the market value. Both technical and fundamental analysis is very important in trading. Fundamental analysis helps you understand the market’s movement (upward or downward).
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MT4 has several options to enter orders and fully supports automated trading via EAs. LimeFX does not offer APIs to allow third-party solutions to connect. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it. Trading with MT4 is simple and does not require a lot of time for new traders to learn. LimeFX also maintains the MAM/PAMM module, enabling retail account management.
Does LimeFX Have A Forex App?
- Mobile trading enables traders to trade anywhere they are and anytime they want when connected to the internet.
- Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management.
- In fact, we got through to agents in less than one minute on several occasions.
- I liked that the analysis covers a wide range of markets including cryptocurrencies.
LimeFX operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions. As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Most of LimeFX’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis.
Processing times also depend on the chosen method, and LimeFX notes one business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical. Trading fees have the most notable direct impact on any strategy, and LimeFX offers two pricing models. The commission-free Standard account shows an average mark-up of 1.15 for the EUR/USD. LimeFX offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options.
Demo Account
That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. Like most reputable brokers, spreads or commissions are added to every trade (depending on the account type and trading instrument), meaning LimeFX earns a small amount for every trade you make. Additionally, there are overnight fees (also known as swap rates) for open positions. The amount is calculated based on various factors, such as order size, trading instrument, and other factors. On a positive note, we have to mention LimeFX is limefx scam very transparent about these costs, and as a low-cost broker, the expenses are reasonable, considering the amount of support the broker provides. For the second IRESS account, the Platinum IRESS Account minimum deposit is $25,000 AUD or equivalent.
LimeFX may charge overnight funding fees, which vary depending on the position held. LimeFX deploys a hybrid market maker/ECN model with NDD order execution. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. The support staff is a person who knows his job very well and directs correctly. The company really shows that it is a world-class professional company.
Non-Forex Assets
Our review focused on the MT4 trading platform, available to all clients at LimeFX. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs. They can total above $200 per month for low-frequency traders, but LimeFX has a program in place for active traders to receive reimbursement for most costs. While non-equity trading costs remain very competitive, equity trading tends toward the industry average. LimeFX sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings. It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds.
LimeFX offers the Iress platform suite for share trading, but MetaTrader is the primary platform option for forex and CFD trading. With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, LimeFX is a great limefx scam choice for traders who want to use MetaTrader. LimeFX’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2024 Annual Awards. Flexibility is one of the advantages of LimeFX in terms of payment service.
