I also compared LimeFX’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. The MT4 trading platform is renowned for its advanced analytics capabilities. Probably one of its strongest features, MT4 offers 30 indicators for technical analysis.
What is LimeFX’s maximum leverage?
Signals from technical indicators typically influence how and when to open or close trades. Popular MT4 indicators include moving average, Bollinger bands, accelerator/decelerator oscillator, moving average, on-balance volume, etc. I like the trading environment at LimeFX in the Absolute Zero account due to its competitive trading fees.
The application also asks traders to select their account type, base currency, followed by the desired password for the back office. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
How do I open an account with LimeFX?
- With respect to data security, LimeFX uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4.
- The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar.
- LimeFX offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.
- LimeFX lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders.
- Trade Forex with your Android smartphone or tablet and explore the great variety of analytical options as well as the complete trade account management.
Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature. LimeFX provides Virtual Private Server (VPS) hosting to ensure better limefx official site connection and faster execution for algo trading. Social trading is also available via LimeFX’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies.
What are LimeFX’s trading hours?
There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. The mobile app affords traders quick and easy access to the market on the go.
LimeFX Account Opening Process
LimeFX provides quite a few deposit methods, while withdrawals are sent only via bank wire. Payments are processed fairly quickly, and traders can use multiple currencies. I learned that LimeFX does not charge a handling fee on deposits or withdrawals, though there are exceptions. LimeFX charges above-average swaps, though this can also be partially explained by heightened volatility at the time of my review.
LimeFX is a trusted global forex broker and a leader in MT4 trading. The MT4 platform is user friendly and has a very limefx scammers simple and intuitive interface, making it suitable for both beginners and advanced traders. You can access basic information such as charts, indicators or prices in just a few clicks.