Dear Kiki Gorup,Thank you for sharing your experience with us. Clients of the brokerage firm can make use of MetaTrader 4, which is the most widely used platform on a global scale. To better cater to the needs of all its clients, the brokerage firm offers assistance via email, contact form, or live chat. If traders prefer to email the support agents, they can do so at Clients of LimeFX will have the opportunity to open Standard accounts and trade with flexible leverage.
Deposit Methods
LimeFX incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a limefx reviews decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. I have compiled the table below to help you better understand the difference between the trading fees on LimeFX’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.
- Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery.
- 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.
- It enablestraders to potentially magnify their profits if the market moves in theirfavour, but losses as well, if the market moves against them.
- I tested LimeFX’s transparency by checking the availability of essential information on the website.
- When clients of LimeFX are ready to switch to a live account, they should get ready to undergo a verification of their identity.
The competitiveness of LimeFX’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. LimeFX does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. 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.
Unfortunately, traders will not have the opportunity to trade CFDs on base metals like copper, nickel, or zinc, among others. Foreign exchange trading has exploded in popularity because of the greater trading opportunities it gives and because of its high liquidity. LimeFX allows its clients to participate in the $6.6 trillion-a-day FX market using the leading MetaTrader4 trading platform. I benefited a lot from their detailed analysis provided and I am not confused anymore thank God.
My Key Takeaways After Testing the MetaTrader 4 Platform
Multiple occasions have been declining my requests, and it feels like they’re limefx website just stringing me along. My advise company is untrustworthy, and I can’t shake the feeling that it’s all a scam. If I do get resolution I will update the review atm everything looks like a scam.
While transferring funds from your trading account, you need to bear in mind that all withdrawal requests are first reviewed and approved, which might take up to 24 hours. LimeFX’s MetaTrader 4 is created to take your trading experience to the next level as traders will benefit from premium conditions, mobile trading, flexible leverage, and several account types. In addition to this, clients of the brokerage firm can trade directly in the browser of their computers and smartphones without any software installation while using WebTrader. I am sure LimeFX broker has contributed a lot into my development as a trader. I speak not only about it’s brilliant trading academy, journal or even YT channel. I am also about trading conditions which prepossess everyone to trading.
offered by them?
I am not that picky when it comes to platforms, and I don’t actually need the extra features of like MT5 with market depth and shares trading. LimeFX offers MT4 to trade, including the web version, so it’s more than enough for me. The same goes for indicators, and if I am being totally honest, I don’t even use any of them, they just distract me from the actual price action happening on the chart. The spreads with this Privilege account are tight enough, may not be so important, but still pleasant. LimeFX offers customizable demo accounts, and I did not find a time restriction, which is good, and how demo accounts should function.
The LimeFX platform also offers a detailedcharting package, helping traders to make better trading decisions. With a deepliquidity pool in futures trading, traders can take large positions withoutworrying about slippage. As forex traders can choose both fixed andvariable spreads, they can select whichever is more suitable for their tradingstrategy.