LimeFX Review 2023: Detailed Analysis Of The Broker!

Of course, beginners can also start trading with Metatrader 5 directly. The small button that the arrow is pointing at is the Password Reset button. The new credentials — server, account number and password will be sent to the e-mail address you’ve used during the registration.

Trading features supported by the platform are easy to implement with the added advantage of forex calendar, market indicators, and other tools. Simply put, the trading features are https://limefx.biz/ designed to execute most trading styles and strategies. Apart from the aforementioned, LimeFX features trading tools and services that will be discussed further in this review.

LimeFX Customer Support

That means you can now enjoy safe trading with LimeFX MT4 with live quotes. The tremendous growth of LimeFX has led to numerous sponsorships over the years which include three Formula1 teams, four football clubs, two rally championships and over 22 events. This is more likely a marketing gimmick than anything else, as it provides no real benefit to the traders.

In this case, the order will be executed at a different price which could be better or worse than the requested price. A positive slippage (better price) is beneficial to you while a negative slippage (worse price) is not. To have a clear overview of LimeFX, let’s start with the trading fees. What you need to keep an eye on are trading fees and non-trading fees. Last but not least, LimeFX Platform exceeds others in its capability to manage accounts directly in the platform.

LimeFX Review

With its advantageous technologies, MT 4 by LimeFX allows you to jump-start your trading career. The platform is suitable for all categories of traders, including those who joined Forex trading recently. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices.

However, we missed the usual search function where you can type the name of an asset manually. We tested the credit card/bank transfer withdrawal and it took 1 business day. LimeFX account opening is fully digital, fast, and straightforward. There are a few exceptions though; among others, you can’t open an account from the USA, Canada or Israel. Click the download button to go straight to the MetaTrader 5 download page on FPMarkets.com.

Our best alternatives to LimeFX are:

It is thus important to have a neutral mindset as it helps traders make informed decisions where emotions are not involved. Users can self-assess by taking up these online tests to gauge their progress. This section is ideal for beginners who already understand the fundamentals of trading. Investment advice helps in executing profitable trades and having the technical knowledge helps strategize better. Users can directly refer to this section if they understand the basics of trading. The margin requirement is a variable element with most brokers.

MT5 is the advanced version of MT4 which is easy to use and is fully customisable. Traders can customise the platform according to their trading style. Similar to the basics and fundamental courses, the technical analysis courses are divided into various topics or cards with illustrations. On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges.

News feed

LimeFX’s research and insights tools are above average for the industry. Like many brokers, LimeFX offers a macroeconomic calendar to track important releases that can impact markets. They also offer some basic daily fundamental research and work with Trading Central to offer technical limefx courses scam analysis. Two areas where LimeFX has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with LimeFX.

It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types’. LimeFX cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and LimeFX Edge.

For instance, if a trader used either of the payment gateways like PayPal, Skrill, Neteller, they must withdraw using the same payment option. The same applies to credit cards, where the withdrawal amount is deposited to the traders’ credit card. LimeFX offers different mobile trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the LimeFX Direct app. Trade with LimeFX on Raw+ account for about a couple of months and still have no gripes.

• After setting up a chart, the mobile app allows traders to easily trade from the chart, with easy trade sizing and buy and sell directional orders.
• Others ask how to set up the trading account for trading with this version of MetaTrader.
• LimeFX is a CFD and forex broker with a large number of currency pairs offered.
• The educational section is very comprehensive and an excellent starting point for new traders.
• Proof of residence and ID is a mandatory requirement for completing AML/KYC that may vary depending on the visitor’s location.

What is evident to some people can become a challenge to others. This is why I registered a new demo account with my broker today and made some screenshots of the process. This article is a detailed step by step guide on how to register an LimeFX MT4 account.