Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. TradingPedia.com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
How do I access the MetaTrader 4 platform once it has been downloaded?
Traders look for small spreads, since a smaller spread usually means the specific asset is more liquid. On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming. Sometimes, the bid-ask spread can widen due to lack of liquidity or market volatility since traders will either avoid paying more or accepting less than a specific threshold, when buying or selling an asset respectively. The swap or rollover fee refers to additional charges that can be incurred overnight when traders leave trading positions open. The fee is applied by the broker so traders can continue holding a leveraged position after active market trading hours.
Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. My tests indicate that LimeFX’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.
- Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday.
- Meanwhile, the mobile app version of the platform supports trading on the go.
- LimeFX offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.
- Sometimes, the bid-ask spread can widen due to lack of liquidity or market volatility since traders will either avoid paying more or accepting less than a specific threshold, when buying or selling an asset respectively.
- Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
- You can choose from our wide selection of currencies, metals, indices, commodities, shares and futures and start trading with competitive conditions and dedicated support.
Supported Languages
Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. MT4’s app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed. It could be argued that MetaTrader set the standard for how retail platforms should be organized.
How do I download the Windows MT4 platform?
I performed my tests on a Standard LimeFX trading account using the desktop and mobile app versions of the MetaTrader 4 platform. Some features and services may vary depending on where you reside and which entity you open an account with. My analysis indicates that LimeFX’s fees are limefx official site above the industry average, and the broker offers limited client protection. LimeFX seeks to provide its clients with an unparalleled trading experience and works hard to cater to the needs and requirements of its customers by providing them with efficient multi-lingual customer care.
What platforms does LimeFX offer?
MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve. Established in 2021, LimeFX is an emerging CFD broker based and regulated in Seychelles, serving traders globally. The broker offers access to a diverse portfolio of over 300 tradable instruments across major asset categories. Offering a secure trading environment with no requotes and fast execution, MetaTrader 4, which is also known as MT4, is an online trading platform that can suit the requirements of experienced traders and total novices. In addition to this, clients of the brokerage firm can trade directly in the browser of their computers and smartphones without any software installation while using WebTrader.
CFD prices are commonly found as a double price quotation called the bid and ask prices. The pair of prices shows the best potential price at which an asset can be sold and bought at a specific time. The bid price is the highest price a buyer is prepared to pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept.
The brokerage firm undoubtedly stands out from the crowd with its premium-quality customer service, which is offered in more than 30 languages. Privilege accounts offer all the features of Standard and Premium accounts, with the only difference being the spread. The choice of base currencies is also the same and includes EUR, GBP, and USD. LimeFX allows its clients to use limefx a number of time-efficient and convenient deposit methods like Visa, Mastercard, and Maestro-branded debit and credit cards, Neteller, Skrill, and Paysafecard. Other payment methods traders can use to transfer money to their accounts are Sofort Banking, Rapid Transfer, bank transfers, Apple Pay, Perfect Money, open banking, and cryptocurrencies.