If you have traded with LimeFX we would really like to know about your experience – please submit your own review. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. LimeFX does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
- The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request.
- LimeFX offers several unique features that set it apart from other brokers.
- MetaTrader 4 includes all the trading functions the modern forex trader needs.
- As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
- The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
Guaranteed Stop Order Fee
MetaTrader 4 is one of the most popular forex trading platforms in the world today. MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots. LimeFX provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.
The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. An inactivity fee of $5 per month is applied after three months of no trading activity.
Leverage
Using MQL4 you can build-up your own library of custom indicators, scripts and function database. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. Opening an account with LimeFX is a straightforward process designed to get traders started quickly. LimeFX applies a spread-based fee for forex trades, with no additional forex-specific charges.
Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 scammed by limefx allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy.
Versatile Broker with Competitive Spreads
The mobile application has proven to be stable and reliable during testing. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. LimeFX’s investment offering is excellent for forex traders but weak in other departments. LimeFX runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Withdrawals at LimeFX are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method.
Powerful Platforms for All Devices
This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the limefx forex brokers reviews average of around 0.3 pips at Fusion Markets, for example. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.
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