Trading platforms are your gateway to the markets, where you’ll see all your price quotes, charts, order entry boxes, and analysis tools. LimeFx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and offer unlimited usage. As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider.
However from this point on, LimeFx was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31. Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world.
We found LimeFx offer a wide array of tradable markets and instruments. A PAMM account takes copy trading to a more advanced level and allows you to sign up as a fund manager, where you can manage funds for investors at a pre-agreed percentage of profits. As an aside, while we haven’t physically tested the spreads ourselves with HF Markets, we have tested RAW spreads with other brokers like Pepperstone, IC Markets, and Fusion Markets. Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results).
Checking your level of experience is requested by strict regulators to protect traders’ interests. This type of account includes two subaccounts – the strategy providers and followers, and you can choose to trade using any of these two types. Micro accounts are very useful not only for beginners that are trying to test the waters but also for experienced traders that are trying to test their trading systems without risking too much money. Commodities are sensitive to political and economic events,
which makes them attractive to traders.
Education & Analysis
They are different
from trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset. Metals are often more resistant to various macroeconomic
events; hence they are an excellent option to diversify your portfolio. Metals are available on the Spot market including Gold,
Silver against the USD, and Euro.
- Access a wide range of desktop, web and mobile Trading Platforms including the LimeFx platform, MetaTrader 4 and MetaTrader 5.
- Micro accounts are very useful not only for beginners that are trying to test the waters but also for experienced traders that are trying to test their trading systems without risking too much money.
- LimeFx Demo account is designed to closely resemble the Live
account, thereby offering a seamless transition to the Live account for anybody
new and testing the market before putting in their real money.
- MT5 has more shares since it is designed to enable trading via decentralised exchanges.
- With this type of account, you can only use MT4 for trading, and you may use USD or EUR as your account currency.
When trading with leverage, keep in mind that this involves high risk. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. It was very easy to set orders to enter and exit the market, as well as place stop-loss orders. MT4 also comes with 23 drawing tools to help identify support and resistance levels, or trend lines. We found making use of these very easy, just click on the drawing tool and select the points on the chart you’d like to draw a line through.
platforms come equipped with all the necessary tools and features a
professional trader needs to trade successfully. For instance, the MT4 trading
platform supports multiple market orders, utilizes an impressive charting
package, and various technical indicators. LimeFx provides the universally recognized MetaTrader 4 platform limefx scammers as their trading platform. The platform can be downloaded on the
desktop or used online through the MT4 web-trader platform. As well, MT4 mobile
applications are available for both Apple and Android smart devices. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
LimeFx does not impose any fees on deposits or withdrawals from its end. However, some intermediary financial companies might charge you transaction fees. PayRedeem might charge you deposit fees and crypto payments are charged https://limefx.name/ with withdrawal fees of 1%. Dormant accounts will be charged a fixed fee of $5 monthly up until a year. If the inactivity period extends to between 1 year and to 2 years, the broker will increase the inactivity fee to $10.
LimeFx Account types
For example, if you believe that the value of the US Dollar will increase against the Euro, you can buy US Dollars with Euros at the current exchange rate. If your prediction is correct and the value of the US Dollar does increase, you can sell your US Dollars for more Euros than you originally paid. If the price moves the opposite direction to your prediction, the value of the US Dollar will be lower than you originally paid. LimeFx evolving from HotForex, strives to become the perfect solution for both individual and institutional traders. Therefore, inactivity fees will not be charged in case your balance is less than 5 USD.
You can trade Palladium contracts on Spot markets and a
variety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar, and Soybean
Oil contracts on Futures markets on LimeFx. Traders can access the
Web Trader on any browser by just launching it and logging in with your account
details, placing trades on just a button. Traders can view their
trading activity and analyse using advanced analytical tools and charts at
Contact LimeFx directly
You have access to the same financial markets and real-life market conditions. Unfortunately, you won’t find exotic ones with this broker and to be honest, most traders avoid trading exotics anyway due to low liquidity and high spreads. Limit and stop levels start from 2 pips, and traders can
begin trading with as little as $100 for the minimum deposit. In addition to
the usual trading conditions, they can be further improved with the various
bonuses offered by LimeFx.
MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given MT5 is an updated version of MetaTrader4, with more advanced features and is still receiving new development and support from Metaquotes, we tend to recommend this platform to most traders. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with. We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see. Of the accounts LimeFx offer, we think their no-commission accounts are a better choice, that said, we think there are better brokers for low spreads. By trading conditions, the company means trading with leverage, easy withdrawals, the smallest minimum deposits, and the fastest order execution speed.
Commission up to $650per each Qualified Introduced Client!
Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions. To see the full list of account types and their trading conditions, go to LimeFx Official Website. You find webinars, video tutorials, training videos, and courses that help beginners understand trading from scratch. Even experienced traders will find the material offered by LimeFx useful.
LimeFx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types. In terms of trading platforms, LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) which from our observations, are the go-to platforms for many brokers using an ECN execution model. The broker also has its own mobile trading platform called LimeFx app (for Premium account holders) which appears to be built on the MT5 platform so shares many common features. Lastly, LimeFx also have another in-house developed app but copy trading called HF Copy.
The Copy account allows you to track the leading traders and
copy their trades. An advanced trader with trading experience, can become a
Strategy Provider and display their trading strategy, knowledge, and expertise
in exchange for a performance fee based on copy trades. LimeFx offers different types of accounts to its clients to
suit a wide range of trading strategies. Based on regulator requirements, there
are different account types for each region. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital.
However, mobile apps are quite handy in emergency situations like power outages and computer failures. LimeFx’s mobile versions of MT4 and MT5 provide all the necessary features for monitoring your trades effectively. If you choose to be a strategy provider, you can start by depositing at least $500, build your trading strategies, and create your followership base, where you can earn 50% from followers’ fees. You can either use the previously mentioned Premium account, or an additional Premium Plus account with a smaller spread starting from 0.4 pips, but with a fixed commission of $8 on a round-turn. Physical stocks are preferred for long-term investors as usually, there’s no leverage offered and swaps are not charged for keeping positions longer than a day.
Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities. That’s why it’s super important to check up on a broker’s regulatory situation before even opening an account. There are also energy commodity products, both spot contracts and futures contracts, which allow you to speculate on the price of crude and Brent oil. Soft commodities, such as cotton, cocoa, and sugar are also available. If you wish to automate your trading or build your custom indicators, MT4 allows you to build Expert Advisors (EAs) to do these.