HYCM Henyep vs LimeFx 2023
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LimeFx shines in customer support with fast responses and helpful, knowledgeable agents. Help is available via phone, and live chat from 8 AM to 6 PM London Time. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you speculate on the price of a stock without actually taking ownership of the underlying company. Advanced tools, such as level 2 data, heatmaps, and strategy backtesting. Copy-trading and automated trading are also only available on the MT4 desktop platform.
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High frequency trading, all types of expert advisors (EA’s) and scalping are all welcomed forms of trading. To keep up with the rapid speed and ongoing change of the market, many businesses choose limefx the simpler and less expensive white-label option. To add or withdraw funds you just need to login to the LimeFx personal area and choose your desired funding method, amount and account.
ECN (LimeFx UK, LimeFx EU)
Advanced traders can take advantage of tight spreads, advanced platforms, algorithmic trading, and multiple account types. LimeFx offers an ECN-integrated MT4, MT5 and TickTrader trading platforms, compatible with algorithmic trading. It enables users to apply various trading robots, known as expert advisors. LimeFx provides traders with proprietary designed One Click Trading Level2 Plugin software . The tool was released in 2013 and is regarded as the Level2 application update optimizing the order execution process in the MT4 platform.
You can also opt for auto trading, mobile trading, cryptocurrency trading, social trading, copy trading, and more. All the new traders as well as existing users get risk warning, exotic forex pairs, financial advice, smooth and secure payment methods, and a payment system. You would not find an insufficient bonus system as it is filled with exciting offers.
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The brokerage services are loved and cherished by professional traders, novice traders, and experienced traders. If you are a beginner trader, expert advisors will guide you along all the financial markets and market fluctuations. New traders can be unaware of the market movement and LimeFx Markets. The customer support will help you with all this information.
Alternative Brokers
HYCM provides traders 70 currency pairs (e.g., EUR/USD) compared to LimeFx’s 25 available pairs. Forex pairs aside, HYCM offers traders access to 362 CFDs while LimeFx has 87 available CFDs, a difference of 275. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options.
- Local phone numbers are available in New Zealand, Russia, France, and Germany.
- Shares can be acquired through purchase or as a dividend from a corporation’s profits.
- When a trade is placed on the providers account, the MT4 terminal will send a signal to your account to duplicate the trade.
Withdrawals via bank transfer take 1-3 days to reach your account. LimeFx is regulated by three top-tier regulators , guaranteeing a good level of safety for clients. Clients of the offshore entity do not enjoy the same protections. Deposits are free, and the processing time for bank wire transfers is good. MetaTrader 4 allows users to develop, test, and apply Expert Advisors .
Follow the below steps to open an account:
The breadth of tradable instruments is good but does not match that of CFD industry giants. The minimum transaction size on ECN is 0.01 lot, and the spreads are from 0.0 pips. The trading platform is essential as you can’t execute a trade without it.
You can use the commission calculator to get instant commission calculations per half-turn or per round-turn for any FX currency pair or metal. You can specify the lot size you want to work out the commission for and click individual currency pairs for the detailed formulas behind the calculations. The strategy tester allows you to back test EAs over historical data. I have used the MT4 platform to run automated strategies for many years and find it the perfect platform to do so. Supports all types of execution in markets, instant, and execution upon request. Using the services of credible and legitimate banks to bank these clients’ funds.
Services Offered by LimeFx
If you rush and pick the wrong jurisdiction, you can end up making some very costly mistakes. Just be aware that fees may be charged when using certain payment methods. They follow strict compliance whilst implementing the latest trading innovations and take a trader-oriented approach. Support are happy to answer your questions related to LimeFx’s products and services. There is a knowledge base on the website that covers many frequently asked questions which can save you from needing to contact support. Precious metals based on gold and silver can be traded as can energies based on crude oil and natural gas.
Let’s look at all available trading platforms available at this broker. MetaTrader 5 is a platform that was designed for traders to access financial markets. Its features include the ability to execute orders, test trading strategies, and analyze markets. The MetaTrader 5 Platform offers many features that will be beneficial for both experienced and novice traders.
Your website is your storefront, and it is often the first point of contact that potential clients will have with your company. There are 13+ Indices based on large companies from specific sectors. Index CFDs include UK 100, Germany 30, US SPX 500, Wall Street 30, Europe 50, France 40, US Tech 100, Japan 225, Australia 200. LimeFx UK is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The FCA are another very well-respected regulator that aims to protect investors. The LimeFx group has 3 related companies that are regulated in multiple jurisdictions.
Overall, we believe that it is a safe broker that you can trust with your money. In addition, they offer a very transparent pricing structure with low spreads and no hidden fees. The platform does not disclose limefx the number of active clients, and the company is not publicly traded. They also offer cryptocurrency CFD trading in all jurisdictions, but it is only available for Pro clients at the UK entity.
While we adhere to strict editorial integrity, this page may refer to our partners’ products. As of now, US residents can’t open an account with this broker. There is also an economic calendar on the website, which is updated daily and covers all the key events that could https://limefx.vip/ impact the markets. The documents required for account verification include a government-issued ID, passport, or driving license for proof of address. Even if we try to offer the most up-to-date data, we can’t completely ensure the accuracy and validity of the materials.
This means less margin is required to place a trade, and it allows traders to trade index CFDs in a smaller size. The company has also recently launched commission-free trading on index CFDs, offering increasingly tight spreads. For those who trade cryptocurrencies, spreads are tighter, with a commission of 0.5%. The broker offers two accounts, and the spread structure varies accordingly.
As per the seasonal gift from LimeFx Ltd, you can avail commission-free trading and additional bonus. New customers should not miss this offer and give trading a chance. The offer is open for Arab members, UK customers, and many more. With commission-free trading platforms, you can open your own account and trade with many deposit options and basic compliance checks in a carefree manner. Trading sites are the most common form of traditional stock exchanges. A trading site is a marketplace where buyers and sellers trade securities, commodities, and other financial instruments.
The MetaTrader 4 mobile app also provides a broad range of order types, including pending and stop-orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT4 app, you must change the language for your entire phone. As with desktop and web, the interface is not the most intuitive, but the MT4 app offers an above-average range of features.