These include trailing stops, stops, limits, and market orders. Place the trade at any time of the day, provided that it is during trading hours. There is also the ability to place trades via the telephone for those who prefer this method. Trading on MT4 must meet the trade volume minimum of 0.01 lots, which is 0.1 lots on MT5. These clients can only have up to 200 positions open or pending at a time. Both the LimeFx research and educational offerings are of a very high quality and quantity.

  1. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market.
  2. This room focuses on fundamentals, basic concepts, opening accounts, and trading, among other topics.
  3. One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate.

Trading Fees

LimeFx Group Support is on hand to guide you through the process if need be. I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way. The LimeFx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading.

Copy Trading

Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. LimeFx is good if you want to open an account and start trading quickly. I think the platform is pretty dated though and you can’t trade ETFs.

The customer service is very responsive…

Leverage is quite a useful thing for Forex traders, as it can amplify the profits made during trading. Founded in 2009, LimeFx has grown to become one of the leading online Forex brokers in the world. With over 5 million clients from as many as 190 countries, LimeFx Is one of the most established brokers currently online. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.

Fees & Commissions

The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, https://limefx.group/ the inactivity fee may concern less active traders. Overall, LimeFx’s user-friendly fee structure and competitive spreads make it attractive to traders.

Once traders agree to some standard disclosures they can click the MT4 or MT5 icon on their desktop and be on the platform in seconds. Traders with Micro and Standard accounts pay the LimeFx variable spread on CFD trades instead of a commission. Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while LimeFx Zero accounts require a minimum deposit of $100. The LimeFx website is available in 22 different languages, with customer support provided in more than 25 languages.

Its philosophy is to earn loyalty as a way to ensure the satisfaction of clients. LimeFx recognizes that credibility and reputation are closely linked. LimeFx provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings. LimeFx does not currently offer any direct social or copy trading options. However, the MetaTrader signals market does offer automated trade copying, and LimeFx allows social copy trading developed by compatible expert advisors.

Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LimeFx have a good selection of trading platform limefx reviews video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with.

While many traders will be happy with this, it’s worth noting that LimeFx doesn’t currently offer CFDs on other precious metals such as Platinum and Palladium. Not a deal-breaker by any means, but something worth bearing in mind if you’re looking to trade CFDs on multiple precious metals. LimeFx gives new and currentclients different trading bonuses that give them additional capital andconfidence. For example, there is a $30 No payment Bonus for new clients whowant to start trading without making a down payment. One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate. There’s no difference between trading assets, tools, or trading speeds for smartphones or tablets and those for desktop PCs.

While using LimeFx, we were particularly impressed with the turbo stocks, which offer highly leveraged trading on a handful of popular shares. The availability of fractional shares is also a bonus, allowing traders on a budget to speculate on high-value stocks. When holding positions overnight, traders might incur swap rates, also known as overnight fees.