The main benefit of using this app is that logging into your trading account is easier since it can be done with your LimeFx credentials. You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app. While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall.
When you get to the next step, it’s time to choose which account type you’d like to open. It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23).
The globally esteemed, multi-regulated broker is giving the ultimate chance to clients across the African continent to be part of something truly unique. With the Paris Olympics just around the corner, the broker extends a gateway into this world of wonder. Yes, based on your detected country of FI, you can open an account with this broker. Please check your email for the login Account ID.For any further clarification please do not hesitate to contact us. The website is operated and provides content by HF Markets (Europe) Ltd.
- MetaTrader 4 supports automated trading through the use of Expert Advisors (EAs) and custom indicators, which can be written in MQL4, a programming language.
- LimeFx Trading App is the in-house app developed by LimeFx allowing traders to trade from their smartphones.
- Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry. All that’s left to do is load our chosen trading platform and make a deposit. LimeFx Trading App is the in-house app developed by LimeFx allowing traders to trade from their smartphones.
You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with. We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see. Of the accounts LimeFx offer, we think their no-commission accounts are a better choice, that said, we think there are better brokers for low spreads.
LimeFx Summary
Get the competitive edge you need to place trades and manage your positions. Read our full explanation and accounting of our research and testing process to learn more about how we test.
If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better off using its more powerful successor MetaTrader 5. Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer.
About this app
Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. While the numbers above use the spreads brokers publish on their website, Ross Collins from our https://limefx.club/ team tested the spreads for standard accounts for 20 brokers to see how they performed. Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions.
Therefore, it’s important to approach Forex trading with a sound trading plan and a disciplined approach to risk management. At HF Markets, you can access a wide variety of educational resources to help you improve your trading skills. Our exclusive trading tools will help you take your trading experience to the next level. With an easy-to-use interface, advanced functionality and ultra-fast execution, MetaTrader 4 accommodates the demands of experienced and novice traders alike. LimeFx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and unlimited usage.
For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31. We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. limefx courses scam LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed.
Key Features of LimeFx
The leverage that LimeFx offers you varies greatly, depending on where you’re located, whether you’re a retail or professional trader, and which products you choose to trade. We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads. Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given that MT5 is an updated version of MetaTrader4, with more advanced features and is still receiving new development and support from Metaquotes, we tend to recommend this platform to most traders. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5.
LimeFx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. In the sample below, we can see that LimeFx isn’t the best choice for spread-only trading given most other brokers perform better. Empowered by 7 industry regulations and over 60 industry awards, LimeFx is dedicated to going beyond the limitations of traditional trading. The brand not only offers the most favorable trading conditions but also compelling incentives that can spur traders to reach new peaks. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Beginner traders will find it easy to deposit and withdraw from LimeFx and be able to trade with tiny amounts of capital. If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under.
It offers advanced charting, customizable indicators and automated trading strategies, as well as a wide range of trading instruments and a large online community for support and education. MetaTrader 4 is also available on mobile devices through its mobile trading app. The mobile app offers many of the same features as the desktop version, including real-time quotes, advanced charting, and automated trading using EAs.