Trade Forex & CFDs on the MetaTrader 4
Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading. While I appreciated LimeFX for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions.
Accounts Comparison
I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about LimeFX’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy limefx scam but struggled to explain their execution model.
My Key Takeaways After Testing the MetaTrader 4 Platform
The name speaks for itself, but there are not much differences among others. Premium accounts have a lot in common with Standard accounts, and one of the best things about this account type is that traders will get complete access to all trading instruments the broker provides. With instant access to 300+ instruments across multiple asset classes, quality execution, advanced online trading tools, and trading systems, we provide everything to meet your trading needs. A trading platform is computer software that online traders and investors can use to trade the global markets with a broker or other financial intermediary. While the broker charges no commission, it provides a simple and straightforward list of Average spreads for various account types. I have compiled the table below to help you better understand the difference between the trading fees on LimeFX’s several account types.
Shares
Whatever traders’ experience is, they can start exploring trading opportunities while they are out and about after they scan the QR codes that are available on the brokerage firm’s website. Traders can also download the apps from the App Store or Google Play for free. This platform is designed to provide traders with everything they might need in order to succeed while trading online, as it is incredibly easy to use, provides automated trading, and comes with a number of intuitive features. Users of the brokerage firm can also execute their trades while they are out and about, as LimeFX’s mobile apps make it exceptionally easy to keep tabs on the market anytime and anywhere. Futures are also known as futures contracts and are a great option for professional and beginner investors because they are traded with no requotes and in next to no time.
LimeFX Customer Support
- The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated.
- Order requests are transmitted to the interbank level, where LimeFX’s liquidity providers fill them.
- Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.
- Traders who are looking to bring greater diversity to their portfolios and want to hedge risk are given a choice from a number of commodity options.
- Whether you are a beginner or a professional trader, you can choose the right spread account for you and explore opportunities with our superb conditions.
These products may not be suitable for everyone and you should ensure that you understand the risks involved. TradingPedia.com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
It could be argued that MetaTrader set the standard for how retail platforms should be organized. LimeFX is still a relatively new broker, having been established just a limefx forex brokers reviews couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. The easiest way to get in touch with LimeFX is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. My tests indicate that LimeFX’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
I tested LimeFX’s transparency by checking the availability of essential information on the website. Its Client Agreement is easily accessible and pretty exhaustive. All essential safety information is present and written in an easy-to-understand way. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. We use dedicated people and clever technology to safeguard our platform.
Could you please provide us with more information at so we can better understand and address your concerns? Hi Pascal Leroy,We love to hear what our customers have to say, and your feedback has been very insightful! All great when you deposit, fast and furious but when you try to withdraw, they are taking too long. This is very unproffesional and I wouldnt recommend this broker.