For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. LimeFX ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
Multi Account Manager (MAM)
Our broker ratings are also informed by the experience of our researchers during the evaluation process. While many forex traders are familiar with the MetaTrader 4 software, which allows limefx scammers for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LimeFX XL account.
Markets
In the following sections, we will explain how to open both a demo and live trading account with LimeFX. We will also discuss steps on how to properly download and install the MT4 on PC and Mac. MetaTrader 4, abbreviated as MT4, is one of the most popular forex trading platforms in the world today. LimeFX is a low-cost brokerage with limefx forex broker no commissions and spreads that are generally competitive, especially on currency pairs. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience.
- Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (LimeFX) decided to build on their vast market experience to become the most customer centric forex broker in the business.
- These findings are based on our first-hand experience trading at LimeFX and take into account the overall experience for day traders.
- LimeFX ECN XL account holders pay no commissions to trade any supported asset.
In the case that it does not, locate the Metatrader 4 icon on the desktop of your PC and open it directly from there. Click on ‘download’ for the Metatrader (MT4) software installer to be downloaded. To open a live account with LimeFX, toggle the button on the top right corner of the registration page to ‘Live’.
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One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. On the downside, LimeFX supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LimeFX offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
With the emulation of the Wine software, the Metatrader 4 setup file can be installed on your Mac the same way it’s installed on Windows PC. The first step for any Mac user is to install a third-party application that allows the emulation of Windows-based programs on the Mac. You can either download Wine itself or other third-party applications. Upon the first launch of the MT4 terminal, a dialogue box will appear prompting you to select a trading server so you can log in to an account, as shown in the image below. After you open ‘LimeFXsetup.exe file’, you will see the following screen. MetaQuotes Software Corp. will present you with a license agreement prior to installation which you should read carefully before clicking on ‘Next’ to proceed to installation.
Originally, MetaTrader was designed exclusively for Windows operating system. However, it is accessible for Mac users by emulation with third-party applications. If you are a Mac user, the workarounds to run the MetaTrader 4 terminal on your Mac are also discussed later in this article. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
LimeFX offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. LimeFX operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. LimeFX does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. Free to download and the favourite platform of forex and CFDs traders worldwide. To download Metatrader 4 on a Mac, simply follow the same steps listed for downloading MT4 on Windows devices.