Space is a unique live feed designed by LimeFx to get you fresh trading ideas right in the LimeFxTrader trading platform. Learn about the current trends for different pairs from the LimeFx experts and open orders on the same screen to save time and effort. Make a deposit via LimeFx trading app or on our site and we’ll give you a 50% bonus, which you can manage directly in our app. 50% bonus applies to your margin and allows you to perform bigger trades. Keep trading so you can withdraw your bonus funds—you will get the payout automatically. No, you can use a web platform or install the LimeFx trading app on your mobile device and trade Forex on a demo account without any limitations.
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- Automated trades are also executed much quicker, leading to a decreased chance of slippage.
- LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
- The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs.
- 50% bonus applies to your margin and allows you to perform bigger trades.
Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
Year-on-year progress through constantly improving trading conditions
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.
Easier trading with MetaTrader 4
Grayscale Investments has withdrawn its application to create an Ethereum-based futures ETF. According to the speech of its CEO Michael Sonnenshein, Grayscale Investments will focus on converting its Ethereum trust—the world’s largest—to spot exchange-traded products. Basically, all you need to do to start trading forex is to open an account and download and install trading platform or sign in to the MT4 or cTrader web based terminal. The best time to trade specific Forex pairs depends on the active session. To maximise your profits, learn about trading sessions and adjust your orders accordingly.
Breadcrumb Trails Lead to Launching Funds
This initiative showcases how dedication and the right resources can transform a novice into a profitable trader. By following Tolu’s progress, viewers can learn to avoid common beginner mistakes and benefit from the expert advice she receives. Tolu first encountered LimeFx during their 2023 Lagos Forex Masterclass. Motivated by the potential of Forex trading, she is now committed to learning the specifics of the trade. Aiming to achieve her first $1,000 in trading profit, Tolu will be working diligently until June 12th under the guidance of Ambrose Ebuka, LimeFx’s ambassador.
That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. We’ve made a list of the best online forex trading platform worth trading with. Use the LimeFx economic calendar to find an upcoming news release and analyse how it might affect the price of a certain asset.
You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage. MetaTrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help traders make predictions. The MetaTrader 5 Economic Calendar is where important macroeconomic indicators can be viewed in real time, in order to forecast price trends.
These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading. This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors limefx are written in a proprietary programming language called MetaQuotes Language Version 4. The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers.
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. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Tolu Adebisi, a Nigerian fashion designer and linguist, is on a mission to transition from a Forex trading beginner to a profitable trader as part of LimeFx‘s ‘You Too Can’ initiative. This program is designed to empower individuals by providing them with the knowledge and support needed to succeed in the Forex market and to offer a model for others to follow and learn from.
Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. The following table summarizes the products available to LimeFx clients. Use our country selector tool to view available brokers in your country.
The focus is on making trading easy and more profitable for traders. MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future. Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing.
MetaTrader 5 (MT5), besides simply offering more than MT4 does, also includes features and trading functionalities that are better than many other online trading platforms available today. With MT5, MetaQuotes Software has increased https://limefx.name/ the number of technical analysis tools available, along with more charting and timeframe options. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements.
Learn about the next important event that can affect market prices and check live quotes for major currency pairs with this simple trading helper. Use it whenever you need a quick glance at the market before opening an order. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators.