Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades. Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits.
Expert Advisors (trading robots) in MetaTrader 4
Its downside could be attributed to the limited range of assets available for Lime FxFX trading, which includes 35 forex pairs, 30 cryptocurrencies, 10 indices, and five commodities. The account monitoring tool enables traders to monitor their Lime FxFX accounts and sort them by gains, balance, account type, and trades. With this account, traders can access Lime FxFX’s full range of financial instruments. Since its launch in 2011, Lime Fx has been offering clients a diverse range of trading options with low initial deposits.
The application is limefx website designed to operate on most smartphones and tablets that run Android version 5.0 (Lollipop) or later. Similar functions are integrated into Lime FxFX’s broader trading suite, which also supports desktop and iOS platforms through separate applications. This broad support allows users to keep consistency across different devices while using reliable trading tools. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. If you are outside the EU, then you will have access to the MT4 Micro account type.
Lime FxFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. When it comes to spreads and commissions, Lime FxFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type. There may also be a fixed exchange rate in place to benefit you as a trader depending on location.
We launched our trading app on iOS
I’ll walk you through every step, from creating an account and making your first deposit to placing trades and withdrawing your funds. You can earn rewards by participating in Lime FxFX’s trading challenges and promo campaigns (the more you trade, limefx reviews the more rewards you can get). For example, the platform holds a monthly demo trading contest that is open to all Lime FxFX users and supports a variety of instruments. Lime FxFX takes a localized approach to user experience by designing its interface, language, and payment options to the region from which users access the platform.
Lime FxFX is mainly considered a MetaTrader broker since it offers MetaQuotes Software Corp’s MT4 and MT5. Its spread also starts at 0.6 pips and averages at 0.7 pips on EUR/USD, and the account does not charge commissions. European clients are under Lime Fx’s EU entity, whereas international clients will choose either Lime Fx’s offshore entity in Mwali or their entity in South Africa. Pricing has been a challenge for Lime FxFX in recent years, but they have made significant improvements in this area and now rank among the lowest-cost MetaTrader brokers. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.
- Start trading right after submitting your deposit and withdraw your profits in no time.
- Once it is created, you cannot switch the type of your Lime Fx trading account.
- However, the lack of two-factor authentication and limited regulatory coverage in key markets are worth considering.
- To protect larger investment amounts from excessive leverage, the account balance determines the margin tier.
Favourable trading conditions for all Lime Fx trading accounts
- Every year we improve our conditions to make your trading journey easier.
- For example, users in Indonesia can make deposits and withdrawals via QRIS, bank transfers, or local e-wallets, while users in other countries may see options like Skrill or Neteller.
- Customise your account—real or demo—or just create a standard margin account in one click.
- Discover its features, pricing, pros, cons, and if it’s the right AI trading software in India.
- In addition to language support, Lime FxFX adapts payment methods based on the user’s location, and crypto transfers are available for all.
Lime FxFX is a financial broker with more than 40 million accounts opened on it. We’d like to highlight that from time to time, we may miss a potentially malicious software program. To continue promising you a malware-free catalog of programs and apps, our team has integrated a Report Software feature in every catalog page that loops your feedback back to us. It also provides for detailed analysis with market reports and more to offer.
Both social and copy trading is well provided for at Lime FxFX through their own proprietary copy trading service. The only real difference here being that as a master you can earn commission. The Lime FxFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device.
