USD CAD Forecast Today 15 8: Drifting Lower Video

MT5 provides a greater number of technical indicators, timeframes, and graphical objects. LimeFx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.

Ratings and reviews

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. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.

Investment Products

LimeFxFX traders are able to executive lightning tradesat visible prices without any slippage. The figures below reflect the available leverage at the offshore entity of LimeFx. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. LimeFx does not currently charge swap fees – the charge for holding leveraged positions overnight.

Potential Support

The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. As stated on their website, over 21 million trading accounts have been opened across 180 countries with LimeFx. Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. Rather than specializing in any one field, LimeFx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering.

The LimeFx website features a robust economic calendar, including the time, date, country, actual figure, forecast figure, previous figure, and anticipated market impact of a given economic release. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required.

LimeFxFX allows traders to select from a number ofplatforms for the biggest cross-section of trading preferences and levels. Thisplatform has a very easy to understand setup and offers https://limefx.biz/ inbuilt expert advisorsas well as customizable indicators. LimeFx excels in research, offering regularly updated commentary written by in-house analysts and trading ideas.

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. 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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. 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).

• Really at this point in time, not a lot out there when it comes to Canada that people will be paying attention to other than probably the bond spreads between the US and Canada.
• By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically.
• In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

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The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile.

Thisaccount offers the lowest spreads which allow for the maximum length of tradeoptions. This account type is meant for traders who wish tohave the maximum leveraging limefx company reviews options with the least monetary investment. LimeFx has also gone above and beyond with its education materials which include live webinars and carefully crafted courses.

Overnight is the shortest duration FX option and expires the next working day at 10-am New York/3-pm London. Telegram may be hitting 1 billion users soon, as the company announced that they had recently hit 950 million users worldwide. By next year, the company expects to be profitable and to potentially go public and start offering stock shares. If we get a sudden risk off spike, then it’s possible that we could see this market really turn around and show signs of strength heading towards a 1.38 level. After all, the two economies are heavily interconnected, as the Canadians main destination for exports is the United States.

The Web Platform allows users to trade directly from any browser and operating system. Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. 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.

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry.

An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. LimeFx also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and how to copy trade. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate LimeFx as average in this category. LimeFx offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies. LimeFx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total.