LimeFx Review 2024: Pros & Cons

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. 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. We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts.

  1. Rather than specializing in any one field, LimeFx provides a wide assortment of content types.
  2. Opening a MetaTrader 4 Demo Account is the best way for a new trader to check out the platform, get familiar with the tools and learn trading techniques.
  3. With consumer inflation in the U.S. continuing to grow, the probability of interest rate cuts is decreasing, giving more power to the U.S. dollar.
  4. Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots.
  5. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.

They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. LimeFx offers barely 230 tradeable instruments, which varies by platform, with the most on its MT5 offering.

Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. The latest U.S. inflation report showed that rising prices continue to pressure U.S. consumers. The annual consumer inflation in February 2024 ticked higher to 3.2%, above forecasts that January’s 3.1% level would remain. More than two-thirds of this increase is due to rising housing and petrol prices which means that the Fed is far from achieving its 2% inflation target.

MT4 opens with four charts by default, each representing a unique currency pair. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs. Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors. MetaTrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help traders make predictions. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability. It offers tools for price change tracking, trend pattern recognition, and automated trading.

Trading cryptocurrencies on MetaTrader 4

The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia. Web and mobile trading platform OсtaTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one that is right  for you. A trading account is where you store funds and trade currencies or other assets.

Transparent trading conditions

I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. With consumer inflation in the U.S. continuing to grow, the probability of interest rate cuts is decreasing, giving more power to the U.S. dollar. For currency market participants, this means that EURUSD may keep declining for a few days after the publication of inflation data and target 1.0730–1.0740. Forex robots are ideal helpers when you need to evolve your scalping techniques and stop making manual decisions.

At LimeFx, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. At LimeFx, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. This electronic trading platform is used by new and experienced traders alike.

Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. In order to make your learning process with LimeFx more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money. Register for LimeFx’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month. To participate in this contest, simply register for a new Demo account.

You can create multiple trading accounts for your LimeFx profile, each with its own balance and leverage. To open your first LimeFx trading account, sign up and follow the instructions. You can always open more trading accounts on different trading platforms for free. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including limefx courses scam the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. We measure success by the cost-effective trading conditions we provide and by success stories our traders share.

In-built strategy tester features

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 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.

Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.

This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. The MT4 platform offers the highest security standards to protect traders’ funds.

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