LimeFxFX demo accounts are available with MT4 and MT5 and have no time restriction on the trial period. With this in mind, the demo accounts are effectively a practice account. You can use all features including all the trading products available for trade and Expert Advisors for automation. We’ve created and keep improving LimeFxTrader to help you earn more efficiently.

LimeFxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program. With LimeFxFX, you have access to most of the major trading instruments. But, it must be said that depositing funds and holding your capital with LimeFxFX is definitely a higher risk than trading with other, more regulated brokers. Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws.

1. This trading model is called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model.
2. As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible.
3. We do not limit the array of assets available on demo accounts—trade anything you like and diversify your skills.
4. We don’t want to explain as we understand that this term is quite self-explanatory, but we do want to stress the importance of glancing at the news from time to time.
5. If you are still unsure where to start, check out our introductory video course.

Some of these educational webinars could be useful, but they are only really suitable for absolute newbies.If you want advanced trading education, look elsewhere. LimeFxFX has quite an extensive limefx reviews research and education section on the company’s website. There’s an economic calendar and regular news updates, which could be useful if you must keep up to date with the latest fundamentals.

Autochartist signals are live

The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. When determining if we could add funds to our account via a simple bank transfer, the customer https://limefx.group/ support person in the live chat couldn’t verify that a bank transfer was an option. If you’re a more advanced trader, and you want more sophisticated tools, you may consider Pepperstone, Vantage, or IC Markets with a broader range of platforms.

Deposit to your account with most popular payment options

Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. As seen in the module below, we found LimeFxFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs. With this in mind, we think it is safe to say LimeFxFX does not live up to its claim of having the lowest spreads in the market. No, you can use a web platform or install the LimeFx trading app on your mobile device and trade Forex on a demo account without any limitations. So much for feeling lucky, now you’re distressed and angry, and you’re ready to throw your laptop out the window because you’ve lost all your money.

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. LimeFx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, LimeFx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Majors are the best Forex pairs for novices, especially EURUSD, GBPUSD, and USDJPY.

I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. LimeFx offers barely 230 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.

They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU. CySEC must comply with the same requirement set by ESMA (the financial body for the EU) that all financial regulators within the EU borders must follow.

We launched our trading app on iOS

To maximise your profits, learn about trading sessions and adjust your orders accordingly. For this reason, LimeFxFX is one of the better choices if you require a Sharia-compliant Islamic trading account. Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. However, LimeFxFX suggests a minimum deposit of $100 for optimal trading experience.

Thanks to the technical analysis we can identify trends, momentum and pattern that repeat over time. An economic calendar shows world news that affects the market (fundamental analysis). It provides you with previous and forecast values but also indicates the importance of each economic event.

If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term. There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads. You can read about our findings in our Standard Spreads test results.

LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). This video course for beginners will guide you through the main aspects of Forex trading. You will learn how the Forex market works and how you can profit from it. Study the essential Forex terminology, learn how to take your first steps in trading, and start developing your trading strategy.