MetaTrader 5 (MT5) is a software platform for online trading in the forex, other CFDs and futures markets. It provides advanced charting capabilities, multiple order types, and automated trading (via Expert Advisors) to its users. The platform is developed by MetaQuotes Software Corp and is widely used by traders and brokers worldwide. MetaTrader 4 (MT4) is the most popular platform for online trading in the forex, CFD and futures markets.
Which forex brokers can I open an account with?
Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, scammed by limefx LimeFx Group is considered low-risk, with an overall Trust Score of 88 out of 99. HotForex is considered Trusted, with an overall Trust Score of 86 out of 99. LimeFx supports trading on iPhone, iPad as well as Android MT4platforms. The beauty of these platforms is the one-click execution of trades,which allows you to place trades easily on the go.
Copy Trading
The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform. Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world. Forex brokers who do not have ODP licenses have to offer their CFD products through intermediaries. The non-approved brokers who don’t have license as an ODP are not allowed to act as intermediary to your trades. You need to understand the fee structure of your forex broker and the spreads they charge.
LimeFx Account types
Still, trading costs at LimeFx are slightly above the industry average. LimeFx offers an extensive range of over 150 tradeable assetsto its clients. They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. LimeFx is a forex and commoditiesbroker and is the brand name of HF Markets Group. MetaTrader 4 (MT4) is suitable for traders of all levels as it offers a user-friendly interface, advanced charting tools, and a range of customization options.
Comparison of ECN vs Market Maker Forex Brokers
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Tickmill, FXTM, Admiral Markets, https://limefx.biz/ & IFX brokers all have ODP licenses in South Africa. ODP licensed brokers meet higher minimum capital requirement standards and are more trusted locally.
Maximizing Returns with LimeFx Features
It’s also a good idea to master your strategy on a demo account before switching to a live account. Sure, there’s plenty of content on how to enter an order, or telling you what a currency pair is and how many trillions of dollars are traded each day. When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently. With several options for deposits and withdrawals, and low minimum amounts, HF Markets scores high in this category.
Is Metatrader 5 safe?
I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions. Interestingly, LimeFx also offers 1800 physical shares but only for clients based in Europe, the UAE and other countries outside the UK and South Africa.
- For example, if you live in the U.K., check the Financial Conduct Authority (FCA) to verify a broker is regulated.
- Another important point to consider is whether your forex broker offers ZAR accounts as this will lower your costs.
- Yes, based on your detected country of NL, you can open an account with this broker.
It also supports automated trading through the use of Expert Advisors (EAs) and allows for easy integration with a wide range of third-party indicators and tools. SaxoTraderGO delivers rich charting capabilities and – touching on a theme here – closely matches the experience of the platform’s web-based charts. Charts in the SaxoTraderGO mobile app sync with the browser-based version of the platform. For example, if you draw trend lines and add indicators in the web version, they will appear in the mobile app (and vice versa).
To compare the trading platforms of both LimeFx Group and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. MetaTrader 4 is also available on mobile devices through its mobile trading app. The mobile app offers many of the same features as the desktop version, including real-time quotes, advanced charting, and automated trading using EAs.
The Terminal moduleof the MT4 platform allows you to manage and monitor all your tradingactivities, pending orders, trading account history, cash operations, overallbalance, equity, and your margin. Theplatforms come equipped with all the necessary tools and features aprofessional trader needs to trade successfully. For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators.