This will allow you to create either a demo or real trading account during the registration process. After the registration is complete, you can create more trading accounts and manage them in your profile. A minimum deposit might not be enough to diversify your investments. According to the risk management basics, the more funds you have, the fewer risks you expose yourself to. The minimum deposit in LimeFxFX can vary depending on your region and the payment method. The focus is on making trading easy and more profitable for traders.

This can help to prepare trades if you are in a rush or just not that good at maths. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit. LimeFx Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. With this knowledge, we created our platform to help you make money through smart and well-controlled investments. The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site.

LimeFxFX Trading App launched: major update catching up

However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line. That being said, you can get cTrader and the MetaTrader platforms from another top broker in Pepperstone. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities. You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage.

Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. LimeFx gives a high priority to analysis and education for both new and experienced traders to its platform. All the background materials are of high quality, and the videos are supported on YouTube. MetaTrader 4 (MT4) provides robust technology and high security to enable traders to choose trading positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage orders.

After clicking ‘Open account’, open your inbox and confirm your email. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text. MetaTrader 4 is available as a web platform that’s compatible with Windows, Linux, and Mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an iOS or Android operating system.

  • If you are an absolute beginner and looking for some more guidance along the way, LimeFx have lots of good educational content as well.
  • Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.
  • Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, LimeFxFX showcases a strong commitment to assisting its clients.

This strategy, called scalping, makes it possible to take profit opportunities even when there are only very small price changes. To make any meaningful difference, it requires traders to place multiple trades during the day, so even though the price changes are small, they add up over the course of the day. Often smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, since it does not involve taking on big risks in the hope of huge profits. LimeFx also provides financial services through its intermediary, Orinoco Capital. While LimeFx has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety.

How to Add Cryptocurrencies to MetaTrader 4

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. There is a decent variety of account types which you can choose from depending on your trading style. LimeFxFX offer 3 different main account types, the Micro, Pro and ECN. The account you go for may also depend on the trading platforms that you wish to use, instruments you want to trade and minimum deposit requirements.

What are the trading hours?

At LimeFx, you can trade your MetaTrader 4 Demo account to win real money in your trading account. Register for LimeFx’s long standing Forex Demo Contest, which has a $1,000 prize fund. There are prize denominations of $500, $300 and $100 for the first, second and the third positions, respectively. All possible trading strategies and EAs can be used in this contest.

Download MetaTrader 4 for all device versions

Moreover, LimeFxFX offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum. However, it’s important to note that LimeFxFX does not currently offer trading in stocks, ETFs, futures, bonds, or options. In terms of commodities, LimeFxFX presents opportunities to trade in energy products, precious metals, and others.

Finally, LimeFxFX offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFxFX provides advanced analytical tools, including charting capabilities and various technical indicators. LimeFxFX does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment.

I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform limefx reviews which could be more convenient to access and save you the hassle of switching between tabs. When choosing a broker, regulation is one of the first things that I look for.

Tradable Instruments

LimeFxFX extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the ECN (cTrader) account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. The economic calendar displays a list of up and coming financial news releases including the country and level of impact. You can also see the actual, forecast and previous results of these releases. The calendar has advanced filters to only show news that is relevant to you.

Master IB commission

LimeFx offers automated trading using Expert Advisor to place buy or sell orders with specific market conditions, typically based on price movements and technical indicators. Automated trading helps traders to enter and exit positions much faster than with manual trading. Since its establishment in 2011, LimeFxFX has consistently stood out as a leading force in the online forex trading industry.

During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that LimeFx offers its clients. Being able to still engage with the full range of services from smaller screens is a real plus-point for the service. In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.