Two-factor authentication (2FA) can also be enabled when logging in to trading platforms. In addition, you can view the IP addresses that access your account so you can monitor client area logins. MT4 supports all browsers – Windows, Linux, macOS, and the handheld Android and iPhone devices. All the platforms come with reliable data protection and free access to the MQL5 community.
UK traders should be aware that this licensing is not top-tier, and customer safeguarding may not be as prominent as seen by FCA-regulated brokers. Note, the MultiTerminal service is also compatible with MT4, allowing clients to manage several trading accounts at once. https://limefx.name/ The browser-based terminal can be used to make tick trades with 6-digit quotes and an intuitive look and feel. Other charges to take into account include a £5 monthly fee after six months of no account activity, plus swap fees for positions kept open overnight.
Is LimeFX A Safe Broker?
When we registered for a new live account, we were offered a 100% deposit bonus on our first payment and a 55% reward for every deposit thereafter. There were also competitions for luxury items such as cars and electronics for traders who deposit at least £1000. You can opt into bonuses and promotions when adding funds to your live profile or via the ‘Campaign’ area.
UK investors can deposit to a live LimeFX account using bank wire transfer, credit/debit card, and cryptocurrency. This includes 24/7 customer support, copy trading, access to 300+ instruments, plus a choice of third-party or proprietary terminals. LimeFX is a reliable broker, caters to all clientele, and provides some of the best trading conditions in the industry. The LimeFX broker allows copy trading in FX binary options, and the feature is accessible on MetaTrader 4.
ForexCopy
To ensure adequate risk management, beginners can follow several traders or strategies, adjust the copying ratio, or set copy trading parameters based on volumes. Futures contracts are available in precious metals, crude oil, natural gas and agro commodities. The binary options offering includes intra-day and expiry contracts in FX, precious metals and share CFDs. The Eurica Accounts have zero fixed spread, while the commission on the other two accounts is at 0.03%-0.07% of the volume. There is no commission on the Standard Accounts, while the spread can range from 3 to 7 pips. The Insta Accounts do not have a maximum limit on deposits, while the deposit cap on the Cent Accounts is at $1,000.
Users can download the proprietary MobileTrader app to iOS and Android (APK) devices. This all-in-one solution allows clients to manage accounts, open and close positions, analyse the markets, and access live news streams. The broker offers traders the choice of CFD and binary options on 300+ products comprising FX, commodities, cryptocurrencies, indices, shares and futures.
When it comes to market analysis, the broker provides several resources, which we have highlighted in this LimeFX review under the Education section. To start using ForexCopy, you need to register in the project, choose the traders from the monitoring list and become their follower. If a copied trade limefx is in-the-money, a follower pays commission that is determined by every trader. Having analyzed the history and trading efficiency of every account, followers can opt for the most suitable copying strategy. Investing.co.uk has been helping British traders find the right broker for over 20 years.
Importantly, always review bonus terms and conditions before getting started. There are often minimum volume requirements that have to be satisfied before you can request profit withdrawal. For instance, some of the broker’s promotional deals require a 6x turnover of the value of the bonus.
You can choose the copying scale, the currency pair, and set the daily limit for copying. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Our experts were impressed with the wealth of educational content, particularly for beginners. The website hosts a variety of video tutorials, key term glossaries, online training courses, and a full knowledge base of articles and resources.
- This means investors must comply with anti-money laundering identification protocols to receive access to the full suite of trading services.
- LimeFX supports multiple mobile applications making trading on the go a seamless experience.
- This all-in-one solution allows clients to manage accounts, open and close positions, analyse the markets, and access live news streams.
- The LimeFX MT4 mobile trading application is accessible on Android smartphones, iPhones and iPads and has most of the features of the computer-based terminals.
The firm supports prominent athletes and sports teams from around the world, and offers bonuses, contests, prizes and raffles running into the millions of dollars every year. With 24/7 support, multiple deposit/withdrawal methods, and a global client base of more than seven million, LimeFX is a prime broker in the CFD space. Although the broker makes up for this to a certain extent by not charging commissions, the costs are still high.
Mobile App
Retail investors in Europe receive protection and compensation of up to €20,000 if the broker fails to settle claims or goes into administration. European residents signing up with the broker are also eligible for negative balance protection, stringent client privacy, and data security framework of the regulator. The LimeFX MT4 mobile trading application is accessible on Android smartphones, iPhones and iPads and has most of the features of the computer-based terminals.
There are also other mobile solutions, including separate applications for the client area (IFX Client), copy trading (ForexCopy), education (Forex Courses), and more. On the downside, the number of apps is bordering on overwhelming and may confuse new traders. MT5 also offers Level II pricing, an integrated economic calendar, plus strategy backtesting.
LimeFX Account Types
When it comes to trade execution, you can place orders online or via live chat. The platforms support all trade execution modes, and according to LimeFX, the execution venue is Interactive Brokers. The server provides 24/7 market monitoring and trading without delays or interruptions. Prices range from $4 per month to $17 per month depending on your account balance and server type. Both Standard accounts (Insta.Standard and Cent.Standard) offer commission-free trading.
Who does LimeFX appeal to?
There is no charge to make a deposit, however, third-party bank charges may apply. When it comes to the safety of funds, individuals registering with LimeFX in Europe are secure, though the same may not be true for its international clients. Besides these support channels, you can also reach out to the broker via several other approaches such as Viber, WhatsApp, Skype and Facebook Messenger. It is disappointing that there is no publicly available telephone contact number, however, you can request a call-back. You can download MT4 and MT5 to desktop devices or open the terminal via major web browsers. But while leverage is a useful tool to increase potential returns, losses are also magnified.
If you are a professional trader, you have a choice between high trading costs, the zero spread account type, the security of deposits and competitive brokerages. LimeFX is regulated offshore by the British Virgin Islands Financial Services Commission (BVI SVG). The company does not offer negative balance protection or provide access to compensation schemes in the case of business failure. There is also no negative balance protection and some of the broker’s bonuses come with tough volume requirements. LimeFX offers reliable customer support, available around the clock in 17 languages.
You can also monitor real-time data and live charts directly on the website, courtesy of TradingView. The software supports seven types of charts in nine time frames with 80+ technical indicators and almost an equal number of drawing tools. ForexCopy traders provide their trading history for copying and if they have followers, they can count on reward. Meanwhile, traders registered in the system are displayed in the monitoring list, a ranking of ForexCopy traders.
For instance, wire transfers can take up to four working days while bank card withdrawals can take up to six business days. LimeFX does not provide traders with the opportunity to carry out social trading. However, clients can copy the trades of professionals and successful traders from the broker’s trading community. The platform comes with a clean user interface, is accessible in 10 languages, and supports CFDs in FX, precious metals and shares. You can execute both intra-day or carry positions until expiry with a minimum deposit of $1.