Developers are supported via a series of Oanda APIs, allowing for the development of customized trading solutions. PAMM accounts remain at the core of LimeFX with over 56,000 PAMM accounts and 550,000 traders. Social trading is additionally supported through the LimeFX CopyTrade platform. New traders can take advantage of webinars and written content that provides traders with a solid understanding of the Forex markets.

• Also unfortunately, the supported trading platforms come as a basic version only, as LimeFX doesn’t offer any required third-party plugins.
• Advanced charts are included in the proprietary trading platform through a partnership with TradingView.
• LimeFX offers six live accounts, which is more than most other brokers, and its accounts are suitable for beginners and more experienced traders.
• While FXTM maintains 1,000+ trading instruments, LimeFX merely lists 78 for one account type, and the other account types have even fewer.

The balanced asset selection and excellent order execution make FXTM the overall more competitive choice. Traders at LimeFX get the core MT4/MT5 trading platforms and a proprietary mobile app. It also offers the PAMM module for account management services, and active traders can lower fees via a four-tier loyalty program.

Typical Spreads and Fees

LimeFX has three instant execution Standard Accounts and three market execution ECN Accounts. The ECN Accounts are more suited to experienced traders, with higher minimum deposits, low ongoing trading costs, and access to the MT5 platform. The Standard accounts have lower minimum deposits, and while no commissions are charged, spreads are wider than average. Spreads in the LimeFX Micro account start at 1.7 pips for the EUR/USD, but are reduced to 1.2 pips in the Standard account.

Swap rates on overnight leveraged positions apply at both brokerages, but LimeFX does offer a swap-free Islamic account which is not currently available at Oanda. Corporate actions impact equity and index CFDs and are passed on to traders at LimeFX and Oanda. An inactivity fee of $10 per month is charged by Oanda if an account showed no activity for three months. Third-party charges on deposits and withdrawals apply, Oanda grants one free withdrawal to a credit/debit card per month. Traders will find the overall trading costs at LimeFX far superior over Oanda, and this has a direct impact on the profitability of portfolios. The MT4 trading platform has been proven to be extremely reliable and powerful.

ecn.mt4

The industry’s favorite MetaTrader 4 (MT4) platform is available to all our Mac OS users, ready to download directly to their laptops or computers in just a few simple steps. Live Chat is clearly visible on the website making it easily accessible to traders. Agents are highly-responsive, easy to talk to, and pick calls almost instantly to respond to inquiries from traders. The LimeFX website is straightforward to use, and traders can view it in Indonesian, English, Chinese, Portuguese, and Russian. Today, there are multiple LimeFX entities in various parts of the world operating under the LimeFX brand. For instance, in Russia, there are two LimeFX entities namely LimeFX Broker LLC and LimeFX Forex LLC both of which are licensed and closely monitored by the Central Bank of Russia.

• LimeFX has remained in full compliance with its regulator but hosts a past dotted with bankruptcies and market exits.
• Opening a trading account at LimeFX is a fully digital process and is hassle-free compared to other brokers.
• Thanks to the FXStreet event calendar and insightful commentary offered by Dow Jones, traders have access to up-to-date and trending economic information.
• LimeFX also provides actionable trading signals by trusted third-party provider Autochartist, and beginner traders get introductory educational articles.

Over the years, the LimeFX group of companies has grown to become one of the most sought-after brands in the field of online trading. To complete the subscription process, please click the link in the email we just sent you. It maintains regulation from the Financial Services Commission of Mauritius, the Financial Services Authority of Seychelles, and is also incorporated in Saint Vincent and the Grenadines.

Oanda

For loyal clients of LimeFX, the broker has a Cashback program where they can earn points traded and then redeem those points back in the form of rebates on their trading fees. For traders who make large deposits, they will get to upgrade their account status to being a Premium Client. As a premium LimeFX client, you will get to enjoy more favorable trading conditions and benefits. Some of these benefits include being assigned a personal manager and investment consultant and an advance of up to $10,000 on their trading account. Apart from the above mentioned promotional offers by LimeFX, traders who are currently using UnionPay to deposit their funds will be entitled to full deposit commission compensation.

They have an excellent customer support staff and their website, which can be accessed in multiple languages, is easy to use and highly responsive. LimeFX provides traders with the MT4 and MT5 trading platforms, but only the basic version. Oanda offers MT4 and its proprietary webtrader but also provides an upgrade consisting of 28 trading tools, placing it well-ahead of LimeFX.

How to get started with MetaTrader 4

The regulatory record is spotless, and each entity provides a different protective scheme. Traders can fully trust both brokers and manage their limefx scam portfolios in a secure trading environment. We have made the popular MT4 and MT5 platforms available for all our LimeFX International clients.

LimeFX Mobile Application is a real app that can be downloaded from the App Store. The App allows for better chatting and offers a whole lot of reliable functionalities. During the launch of the app, LimeFX announced that it was working on releasing an Android version of the LimeFX Mobile Application. Through the ‘Select Your Discount’ promotion, LimeFX gives traders an opportunity to choose a preferred discount from a variety of exciting discounts and receive refunds on their LimeFX accounts. Traders can also combine refunds and use them to trade and invest or move them to another account. They can do this by login into their LimeFX accounts and choosing the amount of leverage they want.

This is backed up by excellent and responsive customer support and support for the industry-leading MT4 and MT5 platforms. This is a disadvantage for UK resdients who will likely have bank accounts denominated in GBP and https://limefx.name/ who will be able to avoid paying currency conversion fees on deposits and withdrawals. Conversion fees can make trading very expensive and are usually not presented on the fee report but affect your profitability.