MetaTrader 4 MT4 Forex Trading LimeFX
While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. Our LimeFX review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFX offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms.
A Single Account. Multiple Markets.
We found that LimeFX has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. LimeFX list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it limefx scammers comes to trading.
Other trading platforms
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 standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs. When comparing the spreads to other brokers, LimeFX at first glance limefx website appears to have only average spreads. LimeFX is a global forex provider trading with various LimeFX entities in the UK, Europe, Australia and South Africa.
Popular Forex Guides
The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Gain free EAs (Expert Advisors) and Virtual Private Server (VPS) access¹ with your MT4 account. Explore powerful, preloaded tools like Real Volume, Market Depth, and Trader Sentiment.
Mobile trading apps
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). This is LimeFXs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- At the beginning of the month (between 1st and 15th), a fee equal to 30 units of the base currency (3,000 JPY, 240 HKD) will be debited from any of your LimeFX Account(s) to cover the VPS cost for each subscription.
- Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier.
- 1 At the beginning of the month (between 1st and 15th), a fee equal to 30 units of the base currency (3,000 JPY, 240 HKD) will be debited from any of your LimeFX Account(s) to cover the VPS cost for each subscription.
- MetaTrader 4’s reputation and reliability make it a sound choice for all traders.
LimeFX is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from LimeFX traders and trading data accrued from over 10 years to meet the needs of their clients. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. LimeFX provides a respectable variety of market research from a combination of in-house content and third-party materials. Overall, LimeFX’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. We try to update our forex broker comparison tables periodically (including our LimeFX reviews) but if you have any suggestions or areas that may need updating please feel free to contact the owners via our contact us form.
For traders who appreciate advanced trading tools and quality market research, LimeFX is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at LimeFX are more favorable for active traders or clients residing in the EU, U.K., or Australia. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
