MetaTrader 4 is available for download to desktop devices or through major web browsers. You can also find download links to the MT4 app for both iOS and Android devices via the LimeFX website. Please note that the information on our website is for informational purposes only. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience.
Platforms & Apps
LimeFX is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. On the limefx forex brokers reviews downside, LimeFX supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
Forex Broker Reviews
All trading is conducted through desktop or mobile MT4 applications. LimeFX applies a spread-based fee for forex trades, with no additional forex-specific charges. LimeFX places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Trading Fees
To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage.
LimeFX has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. LimeFX supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. Whether you are facing technical issues, account-related queries, or need help with your trading platform, LimeFX’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes LimeFX a solid choice for traders who prioritize responsive and professional support.
- Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access.
- Whether you’re trading major currency pairs or exploring commodity markets, LimeFX provides the necessary tools and instruments to engage effectively in global financial markets.
- One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.
- ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Demo Account
Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. Accessing the MT4 app through an LimeFX account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. Additionally, traders have access to limefx website real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes LimeFX a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions.
This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like LimeFX with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD.