There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors). Nonetheless, the broker is a member of the The Financial Commission, an independent dispute resolution organisation which insures traders’ interests up to €20,000. The broker also offers negative balance protection, which prevents trader accounts from dropping below zero.
Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own. However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete. Both platforms continue to serve different purposes and cater to different user preferences. One of its notable features is its easy installation and user-friendly design.
Additional Features
After downloading Lime Fx MT4, you’ll automatically gain access to Autochartist. This powerful pattern recognition tool continually scans the markets, aiming to identify trading opportunities using support and resistance levels. Working tirelessly, Autochartist swiftly notifies users about new trading prospects. Although demo and live accounts share technical similarities, the difference in mindset when using each is significant. Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk. Forex trading platforms are designed with user-friendliness in mind.
What is MetaTrader 4?
There are also some additional trading tools, including access to Autochartist and copy-trading features. Once you install MetaTrader 4, you’ll have your own special username and password to use. To understand how the platform works, it’s a good idea to take online courses and self-study trading theory.
Customer Support
To access complementary Lime Fx’ indicators and plugins, you need to have an Lime Fx MT4 account. To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder. You can then drag and drop the desired indicator onto the price chart.
Aiding in risk mitigation are mechanisms like stop-loss and take-profit orders, designed to optimize the sought-after profit margins. Additionally, mastery of trading is underpinned by delving into both fundamental and technical analyses. Compare Lime Fx with the top 3 similar brokers that accept traders from your location. Both MetaTrader platforms use industry-standard security procedures, including Secure Sockets Layer (SSL) encryption to safeguard data exchanged between servers.
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. The broker offers two of the most popular trading platforms available, plus various account types to suit different limefx forex broker traders.
Note that Standard account spreads come in at around 1.5 pips for EUR/USD. MetaTrader 5 introduces enhancements for both automated and market orders. It supports the execution of 2 market orders, 6 pending orders, and 2 stop orders.
- Additionally, this account offers the same selection of free plugins and indicators as a live account.
- Lime Fx offers 24-hour support from Monday to Friday via telephone, email, or chat services such as WhatsApp and Telegram.
- To access complementary Lime Fx’ indicators and plugins, you need to have an Lime Fx MT4 account.
- One noticeable change is its interface, which includes expanded menus.
Lime Fx offers a few trader bonuses and promotions, including a 25% welcome bonus on minimum initial deposits of $500. There’s also a cashback loyalty program, where part of the spread is paid back to clients who trade regularly. Make sure to check the bonus terms and conditions before signing up. There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as limefx scammers Skrill and FasaPay.
Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Lime Fx offers a diverse range of instruments, including forex and cryptocurrency pairs, commodities and precious metals, indices, stocks and bonds. You can click on the Demo button at the top of the broker’s website and fill in your contact details to set up your demo login details. If you’re trading in the Standard or Fixed account, commissions are included in the spread. Rollover or swap rates will also apply to positions carried over into the next day.
Trading Hours
Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window. MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading.
Spreads & Commission
In addition to the free indicators provided by Lime Fx, users also have access to the top 12 MT4 plugins. These plugins allow you to customize the MT4 platform according to your specific trading needs. Once it’s installed, log in using your account number and the password provided by your broker in a registration email. To do this, click on the “Login to Trade Account” tab and choose the broker’s registered server as a designated server. MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms. Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders.
MetaTrader 4 and MetaTrader 5 are leading platforms for trading in the global Forex market. While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice. The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Commissions are only charged in the ECN account which offers the tightest spreads. Lime Fx Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007.
Furthermore, the MetaTrader 5 platform comes with an integrated economic calendar. In case of any disputes or issues, you can request your transaction records to protect your rights. Unfortunately, we do not provide services to citizens and residents of this country.