Kategorie: Forex Trading

There were also bond CFDs, allowing us to speculate on interest rate changes. It was very simple to bring up price quotes for products like the 10-year German government bond. Exchange Traded Funds (ETFs) were another option, which is a great way to pursue a specific trading or investing theme. For example, if you’re bullish on agricultural stocks, you may choose to purchase an agricultural ETF. If you have multiple accounts, you can switch between them in seconds with MT5. As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum.

Even though RAW ECN and PRO ECN clients will pay some form of commission per trade, the bid-ask spread is as low as 0.0 pips, although this fluctuates depending on the volatility in the markets. Dubbed Vantage FX’s most popular account, RAW ECN clients get access to “institutional grade liquidity” and spreads starting from as little as 0.0 pips. This is considered a highly cost-effective trading solution, especially for those wanting to day trade forex. With zero spread markup on some of the major forex pairs, all you’ll have to pay is a modest commission on either side. Vantage FX does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your Vantage FX trading account.

Zulu Trade offers social trading and MyFXBook AutoTrade offers automated trading. This is designed to ensure that all Vantage FX clients feel confident using their chosen trading platform. This is also a useful feature for limefx scammers testing out a new trading strategy in a risk-free manner, so you can potentially adjust your current strategy and improve future earnings. Opening a Vantage FX account is specifically designed to be incredibly simple.

1. A last step in the account opening process required that we upload a picture of our driver’s license, as well as a proof of address document.
2. Other users lauded the broker for their reliable copy trading service.
3. Charts By TradingView offers what we believe are some of the best charting options for retail traders.
4. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay.
5. To do this, all you need to do is select the buy option of the trading window as demonstrated below.

In terms of where your funds are held, Vantage holds client funds in top-tier banks, and in trust accounts as funds that are separate from company funds. We were impressed by the trading platform options offered by Vantage. All of the deposit options come with zero fees from VantageFX themselves, but some options may have fees from a specific bank or financial company. Vantage has a range of deposit methods, https://limefx.club/ making it pretty easy for most traders around the globe to fund their accounts. Like with most brokers, a demo account is available so you can test out the platform and the broker before committing. While not entirely unique, the VantageFX demo account has no expiry date (some brokers limit the account to 30 days) which is a good thing as you will not be pressured to sign up before you are ready.

Standard STP

That partnership’s fiber-optic network helps guarantee the lightning-fast execution for every trade and gives Vantage FX a further advantage. The economic calendar from Vantage FX lets you view upcoming events that will impact the market, including their location, the currency affected, and the predicted impact. The rebate program also applies to future deposits higher than $1,000.

Great broker, great service

The range of trading platforms is solid, you can trade on the web, mobile, Meta Trader and ZuluTrade. This broker is regulated by ASIC and has a strong reputation that should inspire confidence in clients. There are several account options available, including an unlimited demo account that you can use to get a feel for their platform.

Like RAW ECN account holders, Vantage gives PRO ECN accounts 100GB of bandwidth across its bespoke Equinix fibre-optic servers. Since 2009, this company has been brokering the buying and selling of CFDs on a host of financial instruments, namely forex, equities, indices, and commodities too. In 2023, Vantage Global Prime Pty Ltd now boasts over 30 offices worldwide, with a global workforce of more than 1,000 professionals.

This is a more advanced trading platform introduced by MetaQuotes in 2010 to take your forex trading to the next level. In addition to offering all of the features of MT4, the MetaTrader 5 trading platform comes with more advanced capabilities, such as 21 timeframes and nine chart types. Furthermore, the platform’s addition of a two-position accounting system — netting and hedging — allows traders to maintain complete risk management control of their accounts in their way. Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products. We found VantageFX to have tight spreads and low commissions, beyond that the Forex broker is quite generic with MT4 and MT5 trading platforms and 50+ Forex pairs along with other CFD products. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app.

Vantage FX Liquidity Partners

We noted in the pros and cons section above that one of Vantage’s shortcomings was their lack of available assets. Although Vantage does not have the widest range of tradable assets, let’s take a few moments to look at what you can trade through the Vantage FX platform. Although designed for an Australian user base, the Vantage brand and platform has grown to accommodate users from across the world and now boasts a truly global user base. Currently, it accepts users from most major nations including the United Kingdom, Norway, Sweden, France, and Germany.

How Long Does Vantage FX withdrawal take?

These allow you to either copy another person’s trades or publish your trades and allow others to ride along with you. Moving over to Vantage branded options, we had the pleasure of viewing Vantage ProTrader. This is a web-browser-based charting solution that is essentially a branded version of TradingView.

The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. To make the demo account interesting, LimeFxFX has a demo contest for which you win prizes. Each month, up to $1000 in real prize money is available with $500 for the winner, $300 for the runner-up, and $100 for third place.

1. The idea of making the trading space more comfortable was the start.
2. If you are not of Islamic faith, having no swaps can work for or even against you.
3. However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering.
4. You will learn how the Forex market works and how you can profit from it.
5. The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators.

I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. The best time to trade specific Forex pairs depends on the active session.

Trade currency efficiently and securely with LimeFx

This will help you understand the overall sentiment and direction the market might take. Steven Hatzakis is the Global Director of 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. 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. LimeFx’s market research is well organized and varied in its content.

Forex Risk Disclaimer

LimeFxFX only has a spread-only account, meaning no commissions are charged in addition to the spread.

Their live chat team is mostly based in St Lucia or Cyprus and is 24/7. The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. You will also find trading available with micro lots, mini lots, and standard lots with the spread variable or floating.

There are 35 currency pairs to trade for most traders across the globe, but only 28 pairs are available if you live in the European Union. While 35 pairs mean LimeFxFX offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility. LimeFxFX offers two types of trading accounts with both being the same except one is with the MetaTrader 4 (MT4) trading platform and the other is with the MetaTrader 5 trading platform (MT5). We do not limit the array of assets available on demo accounts—trade anything you like and diversify your skills.

Market insights launched

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts. By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

We found the trading platforms offered by LimeFxFX to be sufficient. As long as a broker has MT4 and MT5 it should be more than enough for most retail https://limefx.group/ traders. If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market.

No, you can start trading right after you sign up and create your first demo account with LimeFx. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry.

Another thing we should note is that in the case of LimeFxFX, we assume the spreads haven’t been widened. If they have, then this would be akin to an administration fee however it is difficult to prove if LimeFxFX is doing this. We can only trust they are not since spreads are generally decent. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. We don’t want to explain as we understand that this term is quite self-explanatory, but we do want to stress the importance of glancing at the news from time to time.

LimeFxFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. If you’d like to trade stock market indices, pick from one of ten major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. Regarding account currency, if you join the LimeFxFX European subsidiary, you will use Euros. All other clients will be using USD as the account currency, so if you are in the UK and prefer GBP as your account currency, you cannot choose it.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia. 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).

The actual list of available trading instruments is specific to each trading platform. To practise your trading skills safely, try opening a risk-free Forex demo account before creating a real one. With the LimeFx demo account, you get a full trading experience while using only virtual funds without risking any real money. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.

You can trade on your demo account for as long as you want—there is no time limit. We disable accounts that stay inactive for too long, but you can always limefx forex brokers reviews create a new one for free. 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.