Test your skills, knowledge and abilities risk free with easyMarkets demo account. Its underlying technology lets you trade with limited risk and unlimited potential, without margin requirements. Another condition offered as a standard feature on easyMarkets accounts, this ensures you are protected when you trade.
Forex Market Time Zone Converter
Steven previously served as an Editor for limefx scammers Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). The MT4 platform does not allow LimeFX to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS.
CompareForexBrokers found that, on average, 71% of retail FX traders lost money. This makes forex trading a strategy often best left to the professionals. It is the product of more than a decade of client feedback and cutting-edge technological prowess.
Since 2010, LimeFX has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients. Use our country selector tool to view available brokers in your country. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp.
Downloading Trading Station: Procedure
Finally, some of LimeFX’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.
LimeFX vs OANDA 2024
LimeFX is a very well-regulated global Forex broker with a large client base and a big reputation to maintain. All trading platforms fully support algorithmic trading, and LimeFX provides four free APIs to developers on top of a wide selection of third-party plugins. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it.
- James Chen, CMT is an expert trader, investment adviser, and global market strategist.
- LimeFX is a very well-regulated global Forex broker with a large client base and a big reputation to maintain.
- The MT4 platform does not allow LimeFX to include commissions in pre-trade margin calculations on client’s pending orders.
- In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFX is considered Highly Trusted, with an overall Trust Score of 95 out of 99.
When does a margin call take place at LimeFX?
LimeFX offers a choice of payment methods consisting of Bank wires, Credit/debit, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and Cryptocurrencies. Only the St. Vincent and Grenadines subsidiary supports them all, while other branches offer have fewer options. The asset selection at LimeFX remains somewhat limited but sufficient for trading strategies requiring fewer highly liquid assets. It is unfortunate there is not a wider choice of Forex currency pairs as the infrastructure implemented by LimeFX provides excellent trading conditions. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability.
LimeFX offers bank wires, credit/debit cards, Skrill, Neteller, UnionPay, and cryptocurrencies. Only the Bermuda subsidiary supports them, while all others have fewer options. All financial transactions occur in the secure back office of LimeFX, MyLimeFX. The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices.
With its headquarters in London, Stratos Markets Limited (“LimeFX”) has limefx grown to have multiple international offices and is licensed in several major regulatory hubs globally. James Chen, CMT is an expert trader, investment adviser, and global market strategist. He has authored books on technical analysis and foreign exchange trading published by John Wiley and Sons and served as a guest expert on CNBC, BloombergTV, Forbes, and Reuters among other financial media. 77.74% of retail investor accounts lose money when trading CFDs with this provider.