Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia. We’ve created and keep improving LimeFxTrader to help you earn more efficiently. As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. For both account types offered by LimeFxFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair.
LimeFx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, LimeFx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can https://limefx.biz/ hinder high-frequency traders. This schedule shows the actual trading time for every asset offered by LimeFx. Use it to plan your trading day and choose the best times for opening and closing orders. Majors are the best Forex pairs for novices, especially EURUSD, GBPUSD, and USDJPY.
Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit.
Each platform runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best. LimeFxFX has a fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing. LimeFxFX is also registered as a company in Saint Lucia, and its trading name is LimeFxMarkets.
All indicators come with release time, priority, and previous values. There is color coding to demonstrate the difference in expected values and actual values of the indicators. MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future. Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing.
No, you can start trading right after you sign up and create your first demo account with LimeFx. For this reason, LimeFxFX is one of the better choices if you require a Sharia-compliant Islamic trading account. Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. Apart from that, LimeFxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill.
This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFxFX. If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account limefx scam will encourage you to trade mid-term and long-term. If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market.
The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart. MT5 has 21 timeframes for all financial instruments, and provides more than 80 popular analytical tools, as well as the ability to construct charts based on other indicators’ data. LimeFxFX provides demo accounts that are accessible with both MT4 and MT5. The trial period for these accounts has no time restrictions, making them a perfect platform for practicing and testing trading strategies. You can utilise all of the features available for trading, including expert advisors for automation. Additionally, you can trade with all the trading products available on the platform.
It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
