MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, https://limefx.biz/ where users can buy technical indicators, add-ons, and signals for copy trading. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM).
Which platforms does LimeFx offer?
With access to over 200 instruments across 6 asset classes, LimeFx provides traders with ample opportunities to participate in the global financial markets. The broker’s integration of multiple platforms allows for a tailored trading experience, catering to the preferences of different traders. With its status as a low-risk and reliable forex and CFD broker, IC Markets holds regulatory licenses from the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA). Traders are drawn to IC Markets due to its low-cost fee structure, making it an attractive option for those seeking competitive pricing. Additionally, IC Markets boasts a diverse range of investment options and a world-class education online library, equipping traders with the necessary resources to enhance their trading knowledge.
Why Use a Spread Betting Account With A LimeFx Alternative?
Social trading is also available via LimeFx’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. LimeFx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader.
LimeFx Alternatives that support Apple Macs
LimeFx provides a good selection of various educational resources and research tools to help beginners learn to trade. You will find everything from trading guides to tutorial videos, so that you can improve your knowledge of the markets in your own time. On the other hand, LimeFx lacks proprietary trading platforms and does not provide other trading platforms except MT4.
LimeFx’s Trading Fees
Trading in commodities helps experienced traders hedge against loss. So having a wider range of commodities on your trading platform is generally good. Let’s see how LimeFx compares to other brokers regarding commodities trading.
Is FxPro good?
LimeFx customers can choose from a good range of deposit and withdrawal methods. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal.
- This shows strong business ethics and a responsible corporate attitude by supporting community development.
- The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader.
- However, it can still do everything most professional traders would need it to.
- They allow traders to easily examine the current market behavior and enter into trades quickly.
However, the broker does not offer a crypto payment option but RoboForex do if that is something that you are looking for. This way, clients can deposit and withdraw in their local currencies to avoid currency conversion charges. As an LimeFx trader, you get access to Trading Central’s independent and leading research analysis, ensuring that you are always prepared to trade confidently. Trading Central is an excellent tool for any trader searching for a way to automatically scan their favourite trading instruments for customised signals. It can save you from hours of watching the charts and send you signal notifications for you to be aware of what is happening at all times.
On the other hand, MT5 allows for diversification as you can access a wide variety of markets beyond just CFDs or forex. Its advanced programming capabilities, flexibility and improved features limefx company reviews might appeal to some traders, so MT5 might end up being the right choice for you. Whatever you choose, make sure it fits your needs as what other people say may not apply to you.
Some brokerages offer their platform for trading, while some conduct trading activities through pre-built tools and applications. Therefore it is always good to check how LimeFx fees compare to LimeFx competitors. The fee structure of a brokerage is an important point of consideration. Generally, higher fees are charged by brokerages that offer more facilities and more services. Brokers offer lower minimum trade requirements, making trading more accessible to newer traders.
But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. What I thought very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro). Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.
Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. LimeFx also offers the Cent account with which clients can start with fewer funds and smaller lot sizes.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
They enable the opening, closing and managing of positions through an online broker. They offer sophisticated tools such as advanced charting tools, live news feeds, and access to proprietary research. They can also include features such as real-time quotes and interactive charts or offer access to specific markets such as currencies or futures markets. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
The Australian Securities and Investments Commission is the prime regulatory authority for Australia. When looking for global brokerages, check if they have an ASIC regulation. Having that would mean that you have some level of regulation and protection when trading on the Australian investment market. A brokerage with a good number of European regulatory authorities means that it is safe. One of the prime focuses of MiFID regulatory authorities with LimeFx and other brokers is to ensure retail trader protection in MiFID regulated regions. An LimeFx alternative spread betting broker understands the market perfectly and directs his clients to bet or invest, targeting an asset’s price rise and guiding the client before there is going to be a fall in the money market.
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