When you get to the next step, it’s time to choose which account type you’d like to open. It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23).

1. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
2. LimeFx is a safe broker, considering they are regulated by top-tier financial authorities.
3. You can choose between the MT4 and MT5 platforms and the LimeFx App to start trading Forex.
4. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5.
5. A PAMM account takes copy trading to a more advanced level and allows you to sign up as a fund manager, where you can manage funds for investors at a pre-agreed percentage of profits.

The main benefit of using this app is that logging into your trading account is easier since it can be done with your LimeFx credentials. You also will not need to select the MT4 or MT5 server you https://limefx.biz/ wish to use and lastly funding your account can be done directly via the app. While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall.

Account Opening Options

Get the competitive edge you need to place trades and manage your positions. Read our full explanation limefx forex broker and accounting of our research and testing process to learn more about how we test.

This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Beginner traders will find it easy to deposit and withdraw from LimeFx and be able to trade with tiny amounts of capital. If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under.

WHY TRADE CFDs ON FOREX WITH HF MARKETS

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform. Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world. Forex trading also offers high liquidity, low transaction costs, leveraged trading and the ability to trade 24 hours a day, five days a week.

Can I trade Forex on my phone?

This is comprised of numerous daily articles, and occasional webinars that are created by a team of analysts located around the globe. The lessons can be as simple as explaining basic market terms, and to advanced as learning how to build mathematical models to analyse and trade markets. With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support.

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. All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders.

Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the spreads for standard accounts for 20 brokers to see how they performed. Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions.

LimeFx is a regulated and trusted broker that stands out in the trading realm thanks to its inclusive trading system. The brand is distinguished for its diversified portfolio of services that include 4 types of trading accounts, a variety of educational tools, and multiple trading instruments. Ultimately, LimeFx reiterates its commitment to ensuring a knowledgeable and secure trading journey for its clients globally. 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.