These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
Investment Products
The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. If you are not of Islamic faith, having no swaps can work for or even against you. Remember that swaps can either be a source of income or an expense, depending on how markets open.
This means clients with OctLimeFX don’t have any form of regulatory protection so you can only trust LimeFX operations meet the standards you would hope. As this subsidiary is not regulated, OctLimeFX can be called an offshore broker. There was one slightly different trading platform, which is the LimeFX limefx website copy trading software.
MetaTrader 5 Mobile App
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. The following table summarizes the products available to LimeFX clients. LimeFX has quite an extensive research and education section on the company’s website.
- The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts.
- However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFX has room to enhance its research offering.
- LimeFX has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts.
- LimeFX has a fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing.
- In addition, LimeFX boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
However, LimeFX recommends depositing at least $100 to have a better trading experience. We always recommend you trade with an appropriately regulated broker, with this in mind LimeFX is an option if you are based in the European Union where CySEC regulates them. If you are outside this region, we can’t fully recommend LimeFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a limefx website company. Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders.
What Leverage Does LimeFX Offer?
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free LimeFX MT5 account. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform.
However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. This section will cover how the different entities of LimeFX are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.