LimeFx is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd. The company was founded in 2009 in just over 11 years it has grown to have had over 3.5 million clients from 196 countries all over the world. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. The LimeFx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading.
- Taking EUR/USD as a benchmark, the average spread of 1.7 pips is a whole 1 pip wider than what you can get through IG Markets, whilst even the minimum spreads are considerably wider than brokers such as AvaTrade, IG Markets and OANDA.
- Backtesting (i.e. testing trading strategies on prior time periods) is yet another advantage of automated trading in that it applies trading rules to historical market data and so it helps investors assess the efficiency of several trading ideas.
- It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform.
- You may be new to forex, so a demo account is the ideal choice to test your trading potential.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
These savings can be much great when you trade other instruments with wider spreads on the Standard account. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as https://limefx.name/ an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs.
This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive. A multi-asset trading account at LimeFx is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices CFDs, stock CFDs, as well as CFDs on metals and energies.
Take Your Trading On The Go
All platforms in the MT4 family are accessible with the same login and password, while all platforms in the MT5 family are accessible with the same login and password. UK based organization Investors in People have recognized LimeFx for its efforts in developing people to realize their full potential and achieve their goals. By attaining this exemplary standard, LimeFx has demonstrated that it is a leading force in the online trading sector and is committed to the people it serves. We partner with investment grade banks and use segregated accounts to ensure security. 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.
There are 100 to choose from and are all major US, UK and German companies. There are almost 1300 individual stock CFDs from 18 countries around the world. In addition to the US and Canadian stocks, there are equities from 14 European countries, Brazil and Russia. All the major indices are available, but with just three different US indices, there are better selections elsewhere. MetaTrader 4 (MT4) – is good for charting, technical analysis indicators and translates very well across your devices, meaning desktop, tablet and mobile versions interact very well.
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. In the forex trading marketplace, when we refer to execution we mean the speed at which a foreign exchange trader can actually buy or sell what they see on their screen or what they are quoted as bid/ask price over the phone. A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price. As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider.
How to log in to LimeFx Members Area
Not only is MT4 considered to be the most popular online trading platform to access the global markets but it is also regarded as the most efficient software for retail foreign exchange trading (i.e. especially developed for individual online traders). The very first generation of internet-based foreign exchange (forex) trading platforms emerged in 1996, making it possible for foreign exchange to develop at a much faster pace and for customer markets to expand. As a result, web-based retail foreign exchange allowed individual customers to access the global markets and trade on currencies directly from their own computers. LimeFx fosters a sustainable workforce development through a wide spectrum of cultures, and approaches your needs with openness to cultural, national, ethnic and religious diversity. Our advanced trading platforms and flexible trading conditions suit a diverse global clientele.
This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). Looking also at the number of base currencies available, there are 11 to choose from. The Standard and limefx Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. However, for the LimeFx Zero Spread account, there is a $100 minimum deposit. Furthermore, the Shares account (only available to LimeFx Global) needs a minimum deposit of $10,000.
How to Uninstall LimeFx MT5 for PC
LimeFx does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that LimeFx can set the price that traders receive. Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades. Any deposits/withdrawals or other changes to settings you make from the LimeFx Members Area will reflect on your corresponding trading platform. To gain access to any of the LimeFx trading platforms, you will need to have a demo or a live trading account. Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration.
This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader. Don’t worry if you are not trading enough volume, you can still request the LimeFx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. I would always prefer to trade with a regulated broker as it gives me the peace of mind that my funds are safe.
However, we are especially impressed by the human contact that is available and is an excellent service for novice traders. It is difficult to think of what they could do more to support their customers. Inactivity fees are another of the important non-trading fees that you can incur.
This account is great if you are worried about blowing up your trading account by making silly mistakes on the platform such as using the wrong trade size. Once traders gain experience of the whole trading experience they can migrate to the Standard account for larger contract sizes. LimeFx Group have a variety of fast and convenient deposit and withdrawal options. Providing options such as Skrill allows for faster transfers to and from trading accounts.
It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker. There are 57 instruments to trade, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. On the home page of the website, LimeFx claim to have 16 platforms available. However, drilling a little deeper and you will see in reality that they only offer platforms based around MetaTrader4 (MT4) and MetaTrader5 (MT5). It is just that LimeFx counts the various device versions of the same platform.
