For novice and even experienced brokers, LimeFxFX offers a wide rangeof educational materials. LimeFxFX has a truly impressive array of features andoptions to offer to traders. Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems.
How can I open an account with LimeFx?
- MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS.
- You will also find this model has the advantage of no requests and very few rejections since market rather than instant execution is being used.
- The Web Platform allows users to trade directly from any browser and operating system.
- This combination of financial investment options allows for great profit potential.
This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies. As Singapore’s economic landscape continues to evolve, with potential slowdowns and global uncertainties, the need for diversified investment strategies is critical. LimeFx offers a reliable and intuitive platform for Forex trading, providing Singaporean investors with an effective tool for portfolio diversification.
What Leverage Does LimeFxFX Offer?
A trader working with a broker entity regulated offshore would not necessarily have these benefits. The trust score came in low, largely because the LimeFx Markets Inc. entity is unregulated. However, the European entity of LimeFx is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. As stated on their website, over 21 million trading accounts have been opened across 180 countries with LimeFx.
MetaTrader 4 trade execution modes
The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
Popular Forex Guides
Forex robots are ideal helpers when you need to evolve your scalping techniques and stop making manual decisions. Once you open numerous short-term orders, the most important thing is to close the orders with proper timing. That is where robots come in, providing accuracy in Forex and index trading. For instance, the EAs are programmed https://limefx.name/ to monitor fluctuations in various currencies and automatically enter and exit market orders once your predetermined trading indicators are reached. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers.
Track your accounts across trading applications for all Forex platforms:
Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators.
When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. However, LimeFxFX suggests a minimum deposit of $100 for optimal trading experience. If you’re a more advanced trader, and you want more sophisticated tools, you may consider Pepperstone, Vantage, or IC Markets with a broader range of platforms.
Interestingly, Singapore’s share of global FX trading has increased to 9%, reflecting its growing importance in the Forex market. We always recommend you trade with an appropriately regulated broker, with this in mind LimeFxFX is an option if you are based in the European Union where CySEC regulates them. If you are outside this region, we can’t fully recommend LimeFxFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company. When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option. Apart from that, LimeFxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill.
It is where national currencies, such as the US dollar (USD) or the Japanese yen (JPY), are exchanged. LimeFxFX traders are able to executive lightning tradesat visible prices without any slippage. LimeFx offers a swap-free Islamic account that adheres to the principles of Sharia law. Copy and automated trading are only available on the MT5 desktop platform. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading.
However, LimeFx states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such limefx forex broker as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate LimeFx as an innovative broker with a client-centric focus.
The account opening process at LimeFx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts.
As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. For both account types offered by LimeFxFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair. This means the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors. We found Forex Broker LimeFxFX most interesting feature to be that they have no swaps.