Traders can access LimeFX’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience. LimeFX is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform.
- They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools LimeFX offers for its desktop trading platforms.
- Forex trading is cost-effective, with tight spreads benefiting traders.
- Headquartered in Sydney, Australia, LimeFX (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker.
LimeFX Reviews
Likewise, for withdrawals, the range of methods, speed of processing, and absence of fees are better than the industry average. A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between the current value of an asset and its value at the time the contract was initiated. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset.
Regulatory bodies also impose capital adequacy requirements on brokers. This means LimeFX must maintain a minimum level of capital reserves relative to its liabilities. Healthy capital reserves act as a buffer, further mitigating the risk of LimeFX facing financial challenges that could impact your ability to withdraw funds. 20-year CFD industry veteran LimeFX has carved out a niche for itself, providing the resources and trading conditions demanded by experienced traders. LimeFX provides a good flow of market analysis via its Traders Hub section.
Nurturing Trader Knowledge
The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the limefx scammers trading environment at LimeFX. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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.
Trading Security Problem.
Execution speed can vary depending on market conditions, but based on my testing, LimeFX seems to handle order execution limefx reviews efficiently. I spent the past two months diving into their platform, and let me say, it’s like a candy store for traders. They’ve got everything from the major forex pairs you’d expect (think EUR/USD, USD/JPY) to more obscure minors and even exotic pairings. No problem, they’ve got established ones like the US S&P 500 and Germany’s DAX.
Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend. The range of deposit methods and speed of processing is better than average for the industry. My inquiries ranged from basic questions relating to account features to more complex themes like order execution. I noted that the support staff was usually well-informed and polite.
Tailored to All Traders
Besides the build-in MT4 copy trading functionality, LimeFX partnered with Myfxbook Autotrade, also available from within the MT4 trading platform. The most recent expansion includes a proprietary copy trading service, LimeFX Copy Trading. VPS hosting is available, but minimum requirements exist to receive it free of charge.