Lime Fx offers Standard and ECN accounts on the MetaTrader 4 and 5 platforms, plus additional tools and copy-trading. There’s also a range of good deposit and withdrawal methods, plus a demo account to suit beginners and experienced traders. The main downside is the offshore regulation, which may not provide adequate protections compared to other brokers. The Lime Fx MT4 demo account provides access to a wide range of markets and allows you to try out trading strategies risk-free. Additionally, this account offers the same selection of free plugins and indicators as a live account. To evaluate brokers, we test the accounts, trading tools and services provided.
Standard
You’ll know the EA is active when you see a smiley face icon in the upper-right corner of the price chart where the EA is applied. Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies. The new platform has addressed the limitations of MT4 and introduced various new features and interfaces. One noticeable change is its interface, which includes expanded menus.
What is an MT4 demo account and how to use it?
After downloading Lime Fx MT4, you’ll automatically gain access to Autochartist. This powerful pattern recognition tool limefx official site 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.
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by Lime Fx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Typical ECN spreads at Lime Fx start from 0.2 pips for popular pairs such as EUR/USD and USD/JPY.
The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level. Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer. The platform includes 30 technical indicators, which are supported on 9 different time frames.
MT4, MT5 Trading Platforms
When you download Lime Fx MT4, you’ll receive a collection of free indicators. They allow you to identify market trends and reversal points, as well as track historical highs and lows of a selected instrument. These indicators enhance your trading experience by offering valuable insights into your trading activities. The minimum initial deposit to start trading in the Standard and Fixed accounts is 100 USD or EUR.
Lime Fx does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days. The Lime Fx MetaTrader 4 demo account replicates the real MT4 platform, including four trading windows and a choice of over 80 markets. Switching between various accounts in MT5 has been limefx reviews made smoother and faster. This seamless transition makes it easy to apply different trading strategies across multiple accounts. MT5 offers an increased variety of indicators compared to MT4, including new analytical and graphical elements.
Salient Attributes of the MT4 Demo Account
The company is registered and authorised in Saint Vincent and the Grenadines, but has numerous global support offices across Europe, Asia and Africa. Lime Fx serves over 350,000 clients and has picked up a number of global forex awards since its establishment. Lime Fx is a global online broker, offering its services since 2007. Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets.
- In case of any disputes or issues, you can request your transaction records to protect your rights.
- Lime Fx offers a few trader bonuses and promotions, including a 25% welcome bonus on minimum initial deposits of $500.
- To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar.
- The platform includes 30 technical indicators, which are supported on 9 different time frames.
- MetaTrader 5 introduces enhancements for both automated and market orders.
- If you’re trading in the Standard or Fixed account, commissions are included in the spread.
If you have experience trading with Lime Fx please share your personal review of the broker and what you think are strong and weak points. Traders can access both the MT4 and MT5 mobile apps with Lime Fx, which are available for iPhone/iPad and Android devices. To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar. Then, drag the EA from the Navigator window and drop it onto an open price chart.
Traders can also add two-step verification upon login, which protects against hackers signing in from an unknown device. Lime Fx offers 24-hour support from Monday to Friday via telephone, email, or chat services such as WhatsApp and Telegram. Support is provided in over 12 countries including the UK, Armenia, Russia, Thailand and Nigeria.
The platform was developed using the MQL programming language, which is popular among experts and runs smoothly even on computers with limited resources. The opportunities in the Forex market are unlimited and available to everyone. Achieving your goals requires smart money management and skillful trading decisions. The MetaTrader 4 interface comprises an array of functional windows. The investment instruments tab, for instance, showcases assets earmarked for buying and selling.
Practicing on a demo account, mirroring a real account but with virtual funds, allows traders to gain trading experience without risking their own money. Lime Fx offers some educational content, including forex news and analytics, as well as a blog. Clients can also get free access to the Autochartist indicator, plus an economic calendar and trader calculator. Copy-trading is also available in the RAMM account, where traders can earn up to 50% of investors’ profits on copied trades. The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions.
Open a Standard account
Expert Advisors (EAs/trading robots) are essential if you seek to automate your trading. You can find EAs under the “Navigator” tab in the upper-left corner of the screen. When you download MT4 from Lime Fx, the MACD and Moving Average EAs are already installed. In addition, these tools allow you to understand the Elliott Wave theory better and identify support and resistance levels.
Some users find these menus more user-friendly and intuitive, while others consider them to be overly extensive. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Lime Fx is licensed offshore by the Financial Services Authority in Saint Vincent and the Grenadines (FSA SVG) with register number IBC 2015. MT5 is also available as the Web Trader version, or the downloadable terminal for Windows and MacOS users.
