The Strategy Tester helps to test the performance of trading robots and find the best input parameters before executing EAs on real accounts. The entire process is based on the historical quotes of currencies and other financial products, for which there are several testing modes. MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future. Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing. Log in to your online trading account or download the app and launch it to start trading Forex pairs and other assets. When we tried the customer support service offered by the broker, we realised that it offers prompt-based chat support and does not allow users to ask questions directly.
- All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
- LimeFx is an up-and-coming broker that has been in operation for nearly 10 years.
- Customise your account—real or demo—or just create a standard margin account in one click.
- With the LimeFx trading app, you can invest in currencies right on the go.
- Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste.
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. 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). Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. ForexBrokers.com has been reviewing online forex brokers for over six 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. The MetaTrader 5 Economic Calendar is where important macroeconomic indicators can be viewed in real time, in order to forecast price trends.
Mobile trading apps
With this knowledge, we created our platform to help you make money through smart and well-controlled investments. Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country.
Is LimeFx a good broker?
It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (EAs). Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features.
I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds. It is important to remember that not all regulators are created equally. The products, features and protection can all vary depending on the entity that you decide to open a trading account with. We measure success by the cost-effective trading conditions we provide and by success stories our traders share.
The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. Through the app, you can directly reach the broker’s customer care team, which provides 24/7 services and prompt responses within 30 seconds. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess.
Although the response is instant, the broker lacks a personal touch in customer support, you can opt for Equiity broker to get better and personalized customer support. LimeFxFX offers 24/7 customer support through live chat on the broker website. However, it lacks other customer care support resources, including email and phone support. The broker has various trading tools and analytics, including an LimeFxfx profit calculator, trading calculator, pip calculator, live quotes, and monitoring. The LimeFxfx calculators can greatly help analyse the profits and margins. Copy trading is a way to make trading more accessible by copying trade positions.
The accounts can be opened in a limited choice of currencies, USD and EUR. I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency. Secure SSL encryption helps make your information confidential limefx scammers and inaccessible to third parties. 3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. LimeFxFX is a multi-award-winning broker that provides traders across the globe access to trade Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
As per the recent updates, LimeFxFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally. The deposit and withdrawal for LimeFxFX are commission-free, and most of the payment options are instant, but some might take 30 mins to 1 hour. On the account https://limefx.vip/ monitoring page of the LimeFxFX website you can select an account or nickname and view its performance, charts, profits, orders and history. LimeFx Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union.
LimeFx live quotes and spreads for currency pairs
There is a decent variety of account types which you can choose from depending on your trading style. The account you go for may also depend on the trading platforms that you wish to use, instruments you want to trade and minimum deposit requirements. The broker offers three primary account types, each with unique quality. The account types are LimeFxTrader, MT4 and MT5 accounts for every trading platform the broker provides.
How the global currency market works
LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Rather than specializing in any one field, LimeFx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering.
You can choose from the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms. These are amongst the best trading platforms available for online trading that you will find anywhere. I think they are ideal for anyone who is looking to trade manually or run automated systems. They are all relatively easy to use but also capable of performing complex analysis and order management.
Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots. They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base. LimeFxFX offers benefits like negative balance protection and no commission and interest charges in the Islamic account. You can access an Islamic account through any provided account type and open your account easily through the broker website.