limefx MT4 Forex Broker Review Must Read when trading Currencies

My order is sent, along with stop loss and target orders which are placed the indicated number of pips away from the entry. All three orders are sent out at once, which is very handy when day trading. I can easily change the stop loss and target as conditions change by altering the numbers in the SL and TP boxes before each trade. limefx now also features an excellent managed account service which combines several accounts into one single account. limefx is regulated by the FSPR in New Zealand, the FSA in the UK and the ASIC in Australia. From the broker’s website, you can choose to either open a Live Account or a Demo Account from the top right-hand corner.

limefx forex broker

As you may know from your own credit card, if you try to pull cash off your card they will typically charge you a few percent anyway, in which case a wire or Payza is cheaper. An STP account on the other hand usually has about a 1 pip spread on the EURUSD, and there is NO commission. If you are serious about trading, deposit more than the minimum. In the example I have it set to 5 standard lots, but you can set it to anything you want. You can then adjust your position size incrementally by micro lots to really fine-tune your position, such as taking a position size of 0.23 or 8.92 lots. A requote is when you try to trade at one price, but the broker gives you a little pop up that says “That price is no longer available, would you like to trade at X.XXXXX level?

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I do not trade for a couple minutes before or after major news releases, which also helps reduce slippage. James is a lead editor for Invezz, where he covers topics from across the financial world, limefx forex broker from the stock market, to…read more. The company was initially launched as an educational center in Cairo , back in 2003. Then in 2005 it underwent transformation, becoming a full-fledged broker.

If a broker is to too cheap on everything I start to question whether they can keep the lights on…and if they can’t, deposited capital is at risk. limefx trading contests are held on MetaTrader 4 demo accounts. As such, traders have zero risk of losing money, but they can win real cash prizes.

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Gas is one of the most important and traded commodities in the world! Learn how to invest in natural gas in our complete guide. Follow our instructions to buy and trade cryptocurrency profitably and safely. This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs. Whether you are just starting on your trading journey, or simply in the market for a new broker, we’re here to help. Hi Dave, thanks for taking the time to leave a review, we’re pleased you found the videos useful.

What is the minimum deposit for MetaTrader 5?

What is the minimum deposit for MetaTrader 5? To begin trading on any of limefx trading platforms, you must make a minimum deposit of $25.

GLD is a unique Gold unit are represents 0.001 troy ounces of Gold that can be used for account currency. Having Gold as a base gives traders the ability to have a haven from market crashes, special hedging, and hold an asset that has undisputable intrinsic value. Note that the account will not have actual Gold backed up, just a representation of Gold. The account specification table is very detailed, more than what we usually see with other brokers. I have been using limefx UK for the past three years and I haven’t had any problem with either deposit or withdrawal.

Cryptocurrency Trading

I have deposited and withdrawn many times also with no issues. Customer service is prompt and courteous, and there are multiple ways to contact the broker with your queries, including phone, email, online chat or via an extensive forum. I haven’t had a lot of need to contact customer support over the last 7 years, and I guess that is the best thing of all. On the couple occasions I have had to contact them I was dealt with in a quick and concise fashion. On the screenshot above, it is set to show the other bids and offers below and above the current ones.

limefx forex broker

limefx allows you to make payments with credit cards, debit cards, Moneybookers, Alert Pay, WebMoney, cashU, c-gold and wire transfers. You can also use Moneybookers for making withdrawals to your account. limefx offers a social auto trading service known as FxStat Tradebook for its clients.

What types of orders to trade Bitcoin on crypto exchanges are there?

The founders have made it their priority to provide traders with high-quality service to achieve maximum profits. The brokers offer competitive spreads and costs and prioritise, giving the traders constant analysis and the latest economic information from major markets worldwide. Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company.

  • Skrill commission is 1% (max $0.68) and Credit Cards 2.5%+USD 3.5 for USD, 2.5% + EUR 3.5 for EUR and 2.5%+RUB 50 for RUB withdrawals.
  • The apps can be downloaded from the user’s App Store or Play Store.
  • limefx was founded and entered the international market in 2005.
  • limefx is a good ECN broker providing a competitive trading environment with multiple platforms for active traders.

Our Customer Support team have advised your balance is on your account. Unfortunately the PAMM service is not currently available for AU residents. I just wanted to Invest in PAMM or MAM account not free trade.

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limefx uses the most widely used trading platform, the MT4 in both PC and mobile versions. In fact, limefx holds the distinction of being the first broker to offer the MT4 ECN platform along with PAMM accounts. This combination enables esoteric trading, faster operations, safe execution of order and regular support. All of them have actual costs included and represent live trading conditions.

Is limefx a good broker?

limefx is a good ECN broker providing a competitive trading environment with multiple platforms for active traders. Although education resources are fairly limited, the low spreads and commissions, as well as a strong track record make it an attractive option, particularly for high volume traders.

However, it is notable that limefx responds to negative opinions with good arguments and openness for resolution. This limefx review will provide insight into how good their services are by sections. limefx offers four types of accounts to choose from based on the starting deposit balance. Depending on the account type that you choose, the trading conditions differ. Traders should note that scalping and news trading is not allows on the Micro account types.

Swaps are calculated in percentage terms per annum and tripled on Wednesdays. The commission charged is 1% per lot traded and it is applied to all crypto instruments although it is affected by the trading volume. There is a total of 43 trading instruments with BTC, ETH, BCH, EOS, Ripple, Monero, ETH, LTC, etc. More info on trading assets and costs for each account type in the following sections. There are also other differences, one notable is that limefx does not offer negative balance protection, unlike their FCA regulated branch. The website is simplistic full of information related to trading.

  • Trading CFDs, FX, and cryptocurrencies involves a high degree of risk.
  • Then in 2005, a group of traders turned the company into a global brokerage with offices in the UK, Russia, New Zealand, and Australia.
  • The minimum withdrawal for bank wire transfer is 50 GBP, USD, or EUR, and for all other methods, the minimum is 10.
  • As such, traders have zero risk of losing money, but they can win real cash prizes.