MetaTrader 5 is available as a web platform that’s compatible with Windows, Linux, and Mac OS. MT5 can also be accessed from a smartphone or tablet, whether it has an iOS or Android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation.
This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. LimeFx is a global broker, who offers a new take on certain aspects of the retail brokerage space. Founded in 2011, the firm is headquartered at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines. We are constantly improving our product to make your trading experience better. Forex robots are ideal helpers when you need to evolve your scalping techniques and stop making manual decisions. Once you open numerous short-term orders, the most important thing is to close the orders with proper timing.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
- This makes a tremendous difference to leveraged traders who keep positions open overnight.
- In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
- LimeFx extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the LimeFxTrader account.
With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. The Strategy Tester helps to test the performance of trading robots and find the best input parameters before executing EAs on real accounts. The entire process is based on the historical quotes of currencies and other financial products, for which there are several testing modes. It is higher versus many brokers but well within a reasonable range and justified by its products and services. I like that LimeFx invested in developing a proprietary copy trading service, which it also launched as a mobile app.
Customer Support
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Traders conduct all financial transactions from the secure back office, and LimeFx does not charge deposit or withdrawal fees. Third-party costs may apply, and I recommend traders check with their preferred provider. I like that LimeFx offers several cryptocurrencies, but I am missing more third-party payment processors and localized options, especially for its core markets. LimeFx does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law.
Account Fee
Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing. I highly recommend the MT5 trading account for equity traders https://limefx.vip/ and MT4 for Forex traders due to its superior tools for algorithmic traders. LimeFx classifies the MT4 trading account for the Traditional Trader and MT5 for the Innovative Trader.
New instruments: XRPUSD and BCHUSD
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. 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.
Islamic account feature released
I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Log in to your online limefx scammers trading account or download the app and launch it to start trading Forex pairs and other assets. These two minor points do not detract from the trading experience, and LimeFx can be congratulated for so effectively shaking up the broker space. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site.
