Eventually, our LimeFX Review found that the broker holds awards such as Best Forex Broker in Australasia, Best Islamic Forex Broker, Best South-East Asia Forex Broker, Best ECN Forex Broker, and more. Demo accounts are available if you wish to practice your trading on different platforms before opening a real account. I personally would start on a demo first before funding a real account with a new broker. This is because I like to get a feel for the trading conditions to see if they are suitable before making a financial commitment. Developed by MetaQuotes in 2005, MT4 has since been the leading trading platform and will usually be sufficient enough for most traders, regardless of your experience level. I appreciate that it is fully customisable and easy enough to use for beginners whilst having enough complex tools for the more advanced traders.

• The ECN account is the most popular, offering the best prices, spreads and execution speeds with access to an interbank liquidity pool.
• For those of you who need managed accounts, Eightcap and ACY Securities are also worth consideration.
• MetaTrader 4 is the longest running and most established of all trading platforms.
• Each news release displays a volatility impact expected along with the actual, consensus and previous results.
• LimeFX were one of the first online brokers that I had an account with many years ago and remain one of the most popular until this day.

FX Open and LimeFX should by law keep client funds separate from FX Open and LimeFX funds. If either FX Open or LimeFX goes bankrupt, they should not have access to your money. A financial services compensation scheme differs from country to country, so check this on the FX Open and LimeFX websites and regulators. The FX Open online trading platform gives traders from all over the world access to over 100

financial instruments including over 430 available instruments. There are over 10,000+ registered customers that have taken advantage

of the FX Open platform. ZuluTrade is an automatic trading platform where you can get signals from other forex traders that you can copy to your trading account.

FX Open Vs LimeFX Cryptocurrency Trading

To add or withdraw funds you just need to login to the LimeFX personal area and choose your desired funding method, amount and account. You are then redirected to the payment gateway selected to complete the transaction. Support are happy to answer your questions related to LimeFX’s products and services. There is a knowledge base on the website that covers many frequently asked questions which can save you from needing to contact support. To start using ZuluTrade, you need to provide your name and LimeFX account number. They will then send LimeFX a signed Letter of Direction (LOD), authorising ZuluTrade to perform automatic trading in your account.

Starting to trade with LimeFX, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that LimeFX offers user-friendly limefx broker reviews platforms with all the tools and resources you need to trade successfully. The Micro Account allows access to trade 28 currency pairs on a non-commission basis, while the STP account offers tight spreads, no commission, and as low as a 10$ deposit to start.

LimeFX has an execution quality certificate from Verify My Trade that compares 5,000 trades per month against a benchmark of other brokers and liquidity providers. They have satisfied and continue to maintain execution quality standards. I can say from experience that I have always received good execution on my trades, even when scalping during hours of low liquidity. The broker uses a true electronic communication network (ECN) model via the popular MT4 & MT5 platforms.

FX Open Vs LimeFX Mobile Trading

A demo account with FX Open or LimeFX is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an FX Open and LimeFX demo account. As the name suggests, this occurs when you have been inactive on your account for a certain period.

Based on our Expert findings, LimeFX is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, LimeFX covers much of the globe, so traders from various countries can sign in, also with the lowest spreads. Low spreads allow me to do scalp trades, high leverage and advanced ECN technology fuel my trading confidence.

Is LimeFX any Good?

We do not present any investment advice or guarantees for the accuracy and reliability of the information. What is more interesting, Forex Competitions are held regularly by the broker which assists in learning, as well as offers the opportunity to gain valuable prizes. According to the statistical data scammed by limefx over 90% of all transactions on the retail Forex market are conducted via Metatrader4, also MT5 is available for your choice at LimeFX as well. Being a UK-based regulated broker LimeFX, therefore, follows strict guidelines set by the European authority Financial Conduct Authority and general ESMA rules.

• Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.
• In terms of regulation, Plus500 have are one of the most well-regulated brokers that you can trade with.
• What is more interesting, Forex Competitions are held regularly by the broker which assists in learning, as well as offers the opportunity to gain valuable prizes.
• This feat is hard to achieve compared to other financial instruments like stocks and shares.
• Whilst primarily being a forex broker, LimeFX offer trading instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

MT4 includes many other features such as a news calendar, real time quotes, history centre, one click trading and much more. I personally love the news calendar and history centre in aiding my trading decisions. You simply download the platform for free, install it, and login to your LimeFX trading account. There is a knowledge base on the LimeFX website that includes tutorials on how to use the MT4 platform.

LimeFX Alternative Brokers

If you own an iPhone, having an IOS Apple mobile trading app with FX Open or LimeFX is essential. Likewise, if you have an android phone, it’s crucial to verify if FX Open or LimeFX broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if FX Open and LimeFX have trading apps compatible with your device. The FX Open trading platform has 0 stocks listed

while LimeFX has 1,700 stocks listed.

LimeFX offer a free VPS to clients who maintain an equity of at least $5,000 or trade $10m in volume each month. However, there is a $30 fee that you will be charged to cover the cost of the VPS if you do not meet the requirements but are using the free VPS. For increased speed the VPS is cross-connected to the LimeFX servers. If a VPS is important for your trading, you can get access to a free VPS from other brokers, including Switch Markets. I really appreciate this gesture since most brokers don’t provide this service.

MetaTrader 5 offers a wider choice of stocks and access to futures. It’s also significantly faster and more responsive than its predecessor. A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with FX Open or LimeFX or alternative.

The ECN account is the most popular, offering the best prices, spreads and execution speeds with access to an interbank liquidity pool. I like how an ECN model links different market participants including banks, centralized exchanges, brokers, companies and private investors. LimeFX’s price aggregating technology combines this liquidity to provide the best prices, real variable market spreads from just 0 pips and seamless order execution. Whilst primarily being a forex broker, LimeFX offer trading instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. However, I found them to be lacking in stocks when compared to competitors. For example, TMGM have a superb selection of more than 15,000 global stocks for you to trade, putting them amongst our best stock brokers.

https://limefx.biz/ (LimeFX.com) is a global broker, winner of 95+ awards including “Best FX Service Provider” in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. All information on 55brokers.com is only published for general information purposes.

FX Open is most definitely not a con as they are regulated by major financial regulators. Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with FX Open or LimeFX if your investment strategy is more long-term. A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner.