The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. MT4 has been widely adopted by the online trading industry and has a large user base, which has helped to ensure that it is secure and reliable. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
How to install the MetaTrader 4 and MetaTrader 5 trading platforms on macOS
LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00.
What instruments can I trade on MetaTrader 4?
Novice traders are advised to study MetaTrader4 and get familiarized with its functions using a demo account. This way, you’ll be able to get a hold of the platform and its functionality, gain experience in analysis and in trading. MetaTrader 4 software will help you analyze the market from different angles. MT4 offers more than 50 different technical indicators for accurate and precise technical analysis. Using the indicators and applying them to charts, a trader can easily detect trends, determine volumes, spot various technical figures and much more. The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions.
What are the payment methods for LimeFx?
I highly recommend it to all traders, particularly algorithmic and high-volume traders. An opposite position in relation to the given position is a counter position for the same instrument. If there is one or more counter positions among open positions, the selected position can be closed by the counter one. In this tab, one can close a position by a counter position for all or selected accounts. Each connected account with open counter positions is displayed in a table line.
MetaTrader 5
Per AML rules, the name on the payment processor and LimeFx account must match. LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFx offers educational content on its blog, with quality written articles.
- LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection.
- Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds.
- The most ignored trading costs are swap rates on leveraged overnight positions.
Does LimeFx offer a no deposit bonus?
Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. I like the LimeFx trading fees in the ECN account and multi-tier leverage system. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment. MetaTrader 4 supports automated trading through the use of Expert Advisors https://limefx.vip/ (EAs) and custom indicators, which can be written in MQL4, a programming language. EAs and custom indicators allow traders to automate their trading strategies, test them using backtesting, and execute them in a fully automated manner on the platform. For the superior trading conditions, flexibility and reliability HF Markets offers to its traders to operate on the financial markets.
To delete a pending order, use the corresponding tab “Delete order”. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order. No, you cannot trade on MT5 if your trading account is opened for MT4. To start trading on the MT4 platform you need to have an MT4 trading account with HF Markets.
LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. LimeFx may ask for additional information on a case-by-case basis. Besides research from Autochartist, LimeFx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well.
LimeFx offers a few trader bonuses and promotions, including a 25% welcome bonus on minimum initial deposits of $500. There’s also a cashback loyalty program, where part of the spread is paid back to clients who trade regularly. limefx company reviews Make sure to check the bonus terms and conditions before signing up. There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. In the “Modify order” tab you can adjust all or several orders placed for one or several accounts. If only some of positions or orders should be modified, these particular positions or orders should be checked. Pending orders for all or some of the managed accounts can be placed in this tab.
If there is no need to close positions for an account, this account line must be unchecked in the table. To close counter positions for a particular instrument, press “Multiple Close By” button. MetaTrader 4 (MT4) is the most popular platform for online trading in the forex, CFD and futures markets. I like the LimeFx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure.
Clients can also get free access to the Autochartist indicator, plus an economic calendar and trader calculator. Copy-trading is also available in the RAMM account, where traders can earn up to 50% of investors’ profits on copied trades. Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds. A demo account is an excellent tool for both new traders and experts, as they allow you to practice trading skills and place trades without investing any real capital. The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level.
It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously. HF Markets offers Contracts For Difference (CFDs) trading on multiple financial instruments through the world’s most popular trading platform MetaTrader 4. If you don’t have an account yet, you can download the LimeFx’ application in Google Play or App Store and trade on a demo account or a live account directly from the app. The minimum initial deposit to start trading in the Standard and Fixed accounts is 100 USD or EUR. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer.
It is worth noting that when you select a specific instrument, only those accounts that have open positions for this instrument will be automatically displayed. Unfortunately, we do not provide services to citizens and residents of this country. The trading software provides access to a number of expert advisors that can be useful for novice traders who make their first steps in auto trading.