July 2020

The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks. The account is available on both MT4 and MT5 scammed by limefx trading platforms, and comes with market execution.

What Demo Account Does Lime Fx Offer?

Lime FxFX Copytrading lets you copy expert traders automatically, saving you the time and effort of creating your own trading strategy. Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Lime Fx offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering.

Why Lime Fx is the best choice for trading on currency pairs

Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4. For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your Lime Fx account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised.

• With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals.
• To change the leverage on Lime FxFx, users first have to login to their trading account.
• Aside from the products and services already discussed in this review, Lime FxFx offers more.
• Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds.
• Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
• The broker provides access to three robust trading platforms, including the versatile MetaTrader suites — MT4, MT5, and Lime FxTrader — ts proprietary platform.

Automated trading support

The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by Lime FxFx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds. The demo account helps them boost their trading confidence before going live. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department.

Lime FxFX Minimum deposit

• We will review some of the trading tools offered on the mobile trading app below.
• With its ease of use and accessibility, anyone can now participate in the exciting world of forex trading.
• Various account types on the 3 platforms have different deactivation dates as stated below.
• Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa.
• MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies.
• Yes, it offers a referral program where users can get to invite friends for incentives.
• We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

The Cyprus Securities and Exchange Commission (CySEC) regulates Lime FxFX. This dual regulation ensures both credibility and flexibility, catering to traders from around the globe. An increasingly popular platform on Lime FxFX, MT5 hasbeen considered by many as a potential replacement for MT4. In addition to theMT4 features, it provides a far more customizable interface, stop limit orders and native economiccalendar. Lime FxFX traders are able to executive lightning tradesat visible prices without any slippage. MetaTrader is further renowned as one of the most comprehensive platforms in this area.

User Reviews

Aside from the products and services already discussed in this review, Lime FxFx offers more. In this section, we are going to be looking at these extra products and services. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. Lime Fx’s market research is well organized and varied in its content.

While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. As for education, I thought Lime Fx did a good job at presenting the basic concepts of forex trading through an online video course. I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. Lime Fx offers the basic options when it comes to funding your account through traditional methods and some crypto options.

Lime FxFX has provided their clients with a selection of reliable and sturdy trading platforms to choose from. They consist of the MetaTrader 4 platform, limefx review the MetaTrader 5 platform and the CTrader platform. The account base currency is that which you trade in with the broker.