The bar itself is indicative of the currency pair’s trading range, while the horizontal lines show, on the left, the opening prices and, on the right, the closing prices. So the top of the bar shows the highest price paid, while the bottom shows the lowest price traded during that particular length of time. The support staff is highly-knowledgeable and offers support services in English, Russian, Indonesian, Portuguese and Chinese. Live Chat is clearly visible on the website making it easily accessible to traders.
The micro MT4 account offers spreads starting from just 1.7 pips when trading major Forex pairs. The LimeFX International team is passionate about providing the perfect forex trading experience, whether you’re a seasoned investor or completely new to the forex market. limefx scammers LimeFX provides you with a variety of trading accounts to choose from. If you’re looking to trade on other platforms, I recommend checking out our best trading platforms list. When compared to other brokers, I found LimeFX to have a limited number of tradable assets.
What is forex trading?
I like how they’ve catered to the international community as well by doing so. These are events that impact the values of the currencies and exchange rates. LimeFX is proud to present you with the popular MetaTrader (MT) platforms. These platforms were designed by the Cyprus-based trading software firm ‘MetaQuotes Software Corporation.’ The MT5 is the newer version of the MT platforms. However, I still prefer the MT4 as I find it more user-friendly with a simple user interface.
- The brand was established in Russia in 1998 but has expanded its operations to a global reach.
- Forex is all about speculating on the fluctuating currencies between two countries.
- The new, improved, and up-to-date technological solutions have considerably improved execution speeds.
- High-quality customer support services are offered to all clients regardless of their status or type of account.
- I like how it takes a look at some selected instruments and their price action history while also making future predictions.
- However, regulation could be improved as could the number of trading instruments offered.
I have to reiterate that past performance is by no means guarantee of future performance. The ‘LimeFX invest’ app is an Android and iOS app that was designed by LimeFX to help investors to manage their investment portfolios. For those of you who need managed accounts, LimeFX are worth considering as alternatives.
Who are traders?
Since opening its doors in 1998, the company has made great strides down the path of development to become one of the world’s leading brokers over the course of 20 years. LimeFX currently has a user base of 2 million, making it one of the largest Forex brokers in the world. Get cashback for trading, topping up, and many other common account operations.
In addition to their unbeatable products and services, they also provide research and education resources to help traders make informed decisions online. They have an excellent customer support staff and their website, which can be accessed in multiple languages, is easy to use and highly responsive. Traders are free to choose between Standard and Premium accounts.
Only the forex majors, minors, and exotics are available for trading. There is a decent selection of forex currency pairs along with spot metals, spot CFDs, and a a limited range of cryptocurrencies. I highly recommend checking out IC Markets for a better range of assets for trading. More than a million clients have chosen LimeFX https://limefx.name/ as their trusted provider of Forex services. You can invest your funds in the accounts of experienced traders so that you don’t have to trade yourself. Of course, providing you with the best software is a big part of that mission, which is why we offer forex trading platforms MetaTrader 4 and MetaTrader 5 to download for free.
You are given direct market access (DMA) via the ECN accounts which are available on MetaTrader platforms. I prefer the MT4 and MT5 platforms due to their simplicity, scalability, flexibility, and reliability. I like how they also provide Demo and Cent accounts for tyro traders. The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat. You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support team was available on weekends as well.
State-of-the-art platforms
It’s always important to remember, however, that losses can occur with each investment vehicle so you should always trade responsibly. There are 4 possible platform versions to choose from iOS, Android, Desktop and WebTrader. These are ideal for those who are just getting started in trading. MetaTrader 5 is an upgrade of MT4 and comes with a unique set of features. Some of the upgrades available in this platform include backtesting capability and an improved user interface. The LimeFX website is straightforward to use, and traders can view it in Indonesian, English, Chinese, Portuguese, and Russian.
To be redirected to the European LimeFX website, operated by LimeFX Europe Ltd., a company registered in Malta and regulated by MFSA, click Continue. Notification of this error has been sent to our technical support team. A journey of a thousand miles begins with a single step – so goes the old Chinese proverb.
LimeFX doesn’t have minimum deposit requirements meaning that traders are free to deposit whatever amount they want. Depending on the transfer method, deposit processing time ranges from instantly, several hours to 3 business days and traders aren’t charged any deposit fees. Additionally, it offers several technical indicators to traders to help them overlay their trading charts. Thanks to its inbuilt MQL4 programming language editor, traders are in a position to create personalized indicators for automated trading. LimeFX is a multiple award-winning broker that has been around for several years.
Cross currency pairs are also known as Crosses, and are pairs that do not include the US Dollar – which immediately makes them more volatile and less liquid than Majors. While the US Dollar features in every major pair, Crosses are concerned with more ‘minor’ currencies like the EUR, the GBP and so forth. Popular pairs in the Crosses family include the EUR/GBP, the GBP/JPY and the EUR/JPY. When traders deposit to their accounts, fixed or percentage commissions are charged. Traders can make deposits and withdrawals through WebMoney, Neteller, bank transfers, credit cards, and Skrill. Traders tend to be more comfortable working with regulated brokers than with the unregulated ones.
With trading, you will need to deposit funds to make the first trade, in what is called a margin account. LimeFX provides traders with investment ideas, trading tips, and market analysis every day. Thanks to the FXStreet event calendar and insightful commentary offered by Dow Jones, traders have access to up-to-date and trending economic information. LimeFX also offers seminars and webinars to traders to ensure that they have all the necessary trading information. In all fairness to LimeFX, account funding options is an area they really excel in.
The LimeFX Charitable Fund
I don’t like how LimeFX only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers. You can check out our broker ratings for some alternative brokers with additional regulations. I found the assets listing of LimeFX to be very small compared to that of top-tier brokers like IG. I believe improvement is much needed on the training resources provided as many people prefer video lessons like those provided by Fortrade.
LimeFX (Comoros) Ltd was founded in Mauritius in 1998 and has grown to become an important platform with the trading industry. The current refreshed brand was introduced in 2013, as a new and exciting chapter for the group. With more than 20 years in the market, LimeFX International has grown across the world. Your demo account will be loaded with virtual funds, so you can take a practical approach to learning the art of trading. If you are a more experienced trader and are looking for higher volumes of trades, the LimeFX Direct platforms are available. Pip is short for ‘point in price’ (but can also stand for ‘percentage in point’ and ‘price interest point’ depending on who you ask).
Trading Platform
The brand is regulated in multiple jurisdictions and serves clients from several countries. I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions. There are articles introducing newcomers to forex trading by explaining certain basic terms. There are also articles on forex trading strategies, technical indicators, and trader psychology. I think they could improve by offering a proper training academy that has structured lessons arranged according to trader levels. You can check out Admirals for a better variety of educational resources.
Forex Expo Dubai is the premier event for forex professionals and traders to gain insights, network with industry leaders, and explore the latest advancements in the forex market. With a history of successful events, Forex Expo Dubai continues to be a platform for education, innovation, and business growth in the financial industry. The LimeFX brand boasts over two million clients thanks to the reputation it has built over the past two decades. At LimeFX International, part of our mission is to keep that standard of excellence high. We provide a forex trading environment that is trustworthy, reliable and technologically advanced, while ensuring every client receives impeccable customer service. LimeFX is one of largest forex brands around, and at LimeFX International we work hard to make sure our clients make the best trading and investment decisions.