EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. 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. Yes, LimeFx pays real money to traders who earn from their trading activities.
MetaTrader 4 for macOS
LimeFx allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome. Copiers may use the filter to evaluate the Master Traders most suitable based on the commission structure. The account opening process at LimeFx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account.
- A risk management tool is also available, called the drawdown percentage (DDP).
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- If you are still deciding which one to choose, try LimeFxTrader, a trader-oriented platform designed to help you earn.
- You can choose from a range of available indicators, download a custom indicator, or create your own.
China Trade Balance USD registered at $99.05B above expectations ($85B) in June
Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of limefx reviews the brokerage industry. In article format, LimeFx provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders.
How long does it take to withdraw money from an account at LimeFx?
Together with services provided by Autochartist, LimeFx maintains a highly competitive research section. OLimeFx maintains a selection of 35 currency pairs, 31 cryptocurrency pairs, 5 commodities, 10 index CFDs, and 150 equity CFDs. LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading.
Traders can access all basic order types (market, limit, stop loss) via the platform. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
App support
MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. The indicators can be viewed on the ‘Calendar’ tab of the Toolbox window. To add indicators tothe charts, simply click on ‘Add All Events’ in the calendar menu. The figures below reflect the available leverage at the offshore entity of LimeFx. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading. The EU entity of LimeFx clearly states its regulatory status in the website’s footer.
I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. 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. Check out my picks for the best mobile trading apps in the industry.
Identify trends and support or resistance levels for price forecasts with MetaTrader 5 charts. Enable trading robots to see changes in currencies, indices, and other security quotes. After-hours https://limefx.vip/ trading occurs when the day’s normal trading session is closed. It is higher versus many brokers but well within a reasonable range and justified by its products and services.
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. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Every year we improve our conditions to make your trading journey easier.
In-depth details on the trading strategy and performance of each Master Trader are equally available. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. It is also a rare broker fully compliant with Shariah law for Islamic traders. I cannot stress enough the difference this makes, especially over time.