How to log in to your T4 Trade MT4 account for Windows
On the other hand, Lime Fx does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average. Lime Fx offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.
Analytical tools
Fixed spreads allow you to trade with predetermined and steady limefx website spreads without worrying about sudden changes. With floating spreads, you can access more competitive spreads, but these are flexible and could fluctuate according to market conditions. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. CFDs on commodities offer lots of trading opportunities due to their low or negative correlations and potential returns.
How long does it take to withdraw money from a Lime Fx account?
- His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
- While leverage enables you to potentially earn bigger profits, it can also incur bigger losses.
- The broker does not charge deposits and withdrawals but has issued an inactivity fee.
- Lime Fx is an international broker that has become popular with global traders.
- Your account should reflect your goals, needs, and ambitions on the market.
As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities.
Client Portal:
The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. My analysis indicates that Lime Fx’s fees are above the industry average, and the broker offers limited client protection. Established in 2021, Lime Fx is an emerging CFD broker based and regulated in Seychelles, serving traders globally. The broker offers access to a diverse portfolio of over 300 tradable instruments across major asset categories. The platform is essential to both online forex traders and brokers around the globe. Trade forex with fixed or flexible spreads, starting from as low as 0.0 pips.
Lime Fx is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. Lime Fx has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body.
MetaTrader 4
When you buy a CFD contract, you speculate on the price movement of the underlying asset. For example, if you limefx buy a CFD on gold, you speculate on the price movement of gold, without owning any actual gold. My overall impression of Lime Fx is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. The easiest way to get in touch with Lime Fx is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services.
Some features and services may vary depending on where you reside and which entity you open an account with. Lime Fx and its services are generally geared towards copy trading. Traders have access to 9 different timeframes, 3 chart types, one-click trading, exceptional support, customisable charts and a flexible trading experience using MetaTrader 4.
At Lime Fx we provide the tools and support to help you develop your trading skills and unlock your potential. You can take advantage of our excellent trading conditions and products, including a wide range of accounts and flexible spreads across a range of assets. Join us and choose the account type that best suits your needs and start trading with competitive spreads. With Lime Fx, we offer a reliable platform, fast execution and solid trading conditions.
What is the minimum deposit for Lime Fx?
CFD prices are commonly found as a double price quotation called the bid and ask prices. The pair of prices shows the best potential price at which an asset can be sold and bought at a specific time. The bid price is the highest price a buyer is prepared to pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept.
In most cases, payments to and from Lime Fx accounts are free of charge, though third-party banking fees may apply. The only time the broker may charge a $55 handling fee is for withdrawals below $300. My tests indicate that Lime Fx’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. Lime Fx does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply.
The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where Lime Fx’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. One of the best things about MT4 is its simplified order execution.
The competitiveness of Lime Fx’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable. However, the broker’s spreads on currency pairs are quite elevated. Lime Fx offers commission-free trading and above-average floating spreads. The broker does not charge deposits and withdrawals but has issued an inactivity fee. Get a competitive edge in the market by trading CFDs on gold, silver, palladium or platinum.
