LimeFx Review: Is LimeFx A Good Broker For You?

However, traders should be aware that spreads are variable at LimeFx, which means that they will get wider or tighter depending on trade volume and market volatility. For example – if you are using demo account you need to login to server for demo accounts. When installation is done press “Finish” button and Metatrader 4 trading platform will open automatically.

When it comes to fundamental analysis of markets, MetaTrader 4 is also incredibly useful. Its designed to give you access to important financial news, signals, and expert forecasts right in your trading terminal. This way you can quickly change your tactics https://limefx.group/ and use excellent chances to make potentially profitable decisions. Overall, while LimeFx offers a relatively limited selection of currency, indices, and cryptocurrency pairs, it maintains an excellent range of shares, ETFs, and commodities.

RoboMarkets versus LimeFx – Verdict

LimeFx, headquartered in Cyprus’ Limassol, is a forex brokerage group with representative offices globally. The group used to provide binary options instruments under the cap of its Cyprus-regulated unit, but it discontinued the service in early June. Overall, LimeFx offers a wider variety of payment methods than other similar brokers and while deposits are generally free, fees are charged on most withdrawals. Additionally, payment processing times are around the industry average. LimeFx offers a similar number of trading accounts compared to most other brokers, which are suitable for beginners and more experienced traders.

• If you are using MT4 account you need to select server for MT4 accounts.
• As a hosted solution, you don’t need to install any software to use the Web trader.
• All you need is a PC or laptop with a relatively stable Internet connection.
• LimeFx’s non-trading fees are average compared to other brokers.
• MultiTerminal saves order history, making it more comfortable for a manager to work with.
• Algorithmic trading is a must-have feature for all trading platforms.

Unlike regulators such as the FCA and ASIC, the IFSC has gained a reputation for being less stringent with regard to the regulation of financial services providers. However, it does require that brokers keep client funds in segregated accounts and that brokers issue monthly statements to the IFSC. All four of LimeFx’s trading platforms are available on both Android and iOS mobile devices and tablets.

LimeFx

LimeFx’s range of financial instruments to trade is wider than most other brokers, with a large number of share CFDs that are hard to find at similar brokers. CTrader is one limefx scammers of the most beginner-friendly third-party trading platforms available. It has a modern interface, integrated educational content, and innovative risk-management features.

MetaTrader 4 is completely free, and it has a remarkably user-friendly interface that provides users with a considerable number of easy-to-use tools. The platform makes building your own Forex bot limefx website as simple as possible, and if you need some help with that, there are many research and educational materials included. This mobile app enables you to participate in Forex trading anywhere you go.

LimeFx Metatrader 4 – Download Step 4

Compare LimeFx alternatives for your business or organization using the curated list below. Compare features, ratings, user reviews, pricing, and more from LimeFx competitors and alternatives in order to make an informed decision for your business. Withdrawals from a LimeFx account can be almost instant, especially when withdrawing via one of the many e-wallets that they offer, such as Skrill or Neteller. No, LimeFx is not subject to ESMA (European Securities and Markets Authority) regulations as LimeFx is not regulated by a country in the European Union.

That is important because Metatrader 4 requires LimeFx trading account login details. Moreover, as mandated by the IFSC, all brokers in Belize need to keep client funds in segregated accounts. Hence, in the case that LimeFx’s operation goes belly up and the company files for bankruptcy, client funds remain safe and traders can claim their deposits from the LimeFx’s deposit bank. It is not possible to predict future success based on past performance. The high leverage inherent in CFDs can result in a rapid loss of money.

How to Withdraw Funds from LimeFx for Free?

LimeFx’s Pro-Cent Account has a minimum deposit requirement of only 10 USD and allows trading in micro-lots. Overall, LimeFx has some of the lowest trading costs in the Forex trading industry. The average cost of trading one lot of EUR/USD is 9 USD at most other large brokers, so whichever ECN account you choose will be lower-cost than most other brokers. In addition, LimeFx’s minimum deposit requirements are only 10 USD across all account options, making them accessible to all traders. The fifth and final account offered by LimeFx is called R Trader and we found it to be the mother of all trading accounts! LimeFx claims to offer a total of 11,700 assets for trading with the R Trader account.

The Pro-Standard is one of the most popular LimeFx account types. One big reason behind its popularity is, its features are well balanced which suits both beginners and experienced traders. It means even if you start as a newbie with a Pro-Standard account, you can still raise your capital and expand your trading area without changing your account. LimeFx does offer multiple free demo trading accounts for beginners to practice forex trading in a 100% risk-free environment.

Established in 2009, LimeFx LTD is a member of RoboMarkets/LimeFx Group which includes RoboMarkets LTD and RoboMarkets LLC. The group experienced an extraordinary growth rate, as seen in 1,000,000 clients who entrusted their funds to LimeFx. It doesn’t stop there, the broker adds a layer of protection in the form of LimeFx category A membership with The Financial Commission operating outside Hong Kong. Clients will be protected by the Compensation Fund which secures deposits up to a maximum of €20,000. LimeFx recently registered a company in Cyprus called RoboMarkets Ltd and hopefully, they will be soon be regulated by the CySEC in the future. But for now, traders looking for an offshore broker only have the IFSC in Belize to watch their backs.

LimeFx is a trusted online broker that provides trading assets on its Pro-Cent, Pro-Standard, and RAMM live accounts. LimeFx offers a wide selection of trading platforms, including MT4 and MT5. Recently, LimeFx has introduced the R Trader suite that provides traders with a full range of assets that most other brokers do not offer in the market. LimeFx has mainly introduced the R Trader platform for trading stocks, indices, and cryptocurrencies. Being a relatively new platform, the available number of custom indicators and algorithms for this platform is currently rather low in the market.

Is LimeFx regulated in South Africa?

It is a unique trading account that allows you to use the multi-asset web platform RTrader. You will have the access to all major financial markets from a single trading platform provided by the R Trader account. Also known as the LimeFx Pro-Cent account, specially designed for beginners.

• Because unlike MetaTrader, the cTrader platform is hosted by the vendor Spotware Systems.
• The third promotional offer from LimeFx is called the Classic Bonus program and it pays up to 115% deposit bonus, up to $50,000.
• The Pro-Standard is one of the most popular LimeFx account types.
• This is a great way to test out the platform and practice your trading strategies.

Traders may also rely on MT4/MT5, but LimeFx also offers the cTrader platform. Trading in CopyFX is performed on MetaTrader 4, MetaTrader 5 and R StocksTrader platforms (CopyFX in R StocksTrader is available only in the mobile application and in the mobile version of the platform). MetaTrader 4 (MT4) is one of the most popular and reliable trading platforms with traders on the Forex market because of its functional capabilities, intuitive environment, and user-friendly interface. Overall, although LimeFx only maintains regulation from the IFSC Belize, it is a member of the Financial Commission, segregates client funds, and offers all clients negative balance protection.

The easy-to-use proprietary platform, R Stocks Trader won ‘Best Global Mobile Trading App 2020’ from Global Forex Awards B2B. It allows the trading of over 12,000 multiple financial asset types on live markets from all over the world. It offers many trading options and features, including unique watchlists, numerous windows, and countless viewing methods.