The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. What I thought very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro). Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.
To access this feature, you must apply for a bank withdrawal from your client portal. Keep in limefx reviews mind that the bonus you received when you opened your account is removed when you make a withdrawal. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021.
MT4 Web Trading
Register and trade over 500 financial instruments in Forex CFDs, spot metals, futures, shares, spot indices and commodities with quick execution. Experience trading with spreads as low as 0 pips, advanced trading signals and functions in our user-friendly platform created specifically for online trading. Trade Forex CFDs and spot markets from your desktop with MetaTrader 4. LimeFX offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. Your account should reflect your goals, needs, and ambitions on the market.
LimeFX Account Opening Process
Fixed spread accounts also have a competitive advantage in such environments as their costs cannot rise, no matter how volatile the market becomes. I thus determined that fixed/floating spread accounts are better suited for beginners looking for extra protection. Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments. The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping. LimeFX offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types.
Trade forex on the go with LimeFX’s MT4 for Android
Currently, clients of LimeFX can only trade on MetaTrader 4, which is rather cumbersome and outclassed by newer trading platforms. Additionally, LimeFX’s customer support seems to struggle with addressing more complex questions, such as what their average execution speed is. I checked the usability of LimeFX’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms. Generally, the accounts are suitable for beginners and advanced traders.
The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance. They allow traders to easily examine the current market behavior and enter into trades quickly. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment.
Customer Support Test
It is also worth pointing out that the limefx website broker permits swap-free trading via its Islamic accounts. LimeFX operates through three entities, with two regulated by the FCA in the UK and the FSCA, and one entity remains unregulated. I found the broker to be generally transparent, with information about fees easily accessible on their website.
- LimeFX is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere.
- Payments are processed fairly quickly, and traders can use multiple currencies.
- LimeFX distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders.
- Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance.
- I found the broker to be generally transparent, with information about fees easily accessible on their website.
Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance.
The videos are generally easy to understand and highly informative. I thus found them quite useful for both beginners and experienced traders. You can use the filters of the calendar to search for events depending on their expected market impact. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.