Multiple close of several counter positions allows simultaneous closing of more than two counter positions for one instrument. Several counter positions can be closed using the “Multiple Close By” tab. Counter positions for all or some of the managed accounts can be closed using this tab. Every connected https://limefx.name/ account that has open counter positions and every open position are displayed in table lines. If there is no need to close positions for an account, this account line must be unchecked in the table. To close counter positions for a particular instrument, press “Multiple Close By” button.
This way, you’ll be able to get a hold of the platform and its functionality, gain experience in analysis and in trading. MetaTrader 4 software will help you analyze the market from different angles. MT4 offers more than 50 different technical indicators for accurate and precise technical analysis.
- The interface is similar to that of the MetaTrader 4 Client Terminal.
- There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click.
- LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback.
Using the indicators and applying them to charts, a trader can easily detect trends, determine volumes, spot various technical figures and much more. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. Trading with a regulated broker will limit the potential for fraud and malpractice.
How to Choose a Trading Instrument for a Novice Trader
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. Besides research from Autochartist, LimeFx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured LimeFx research section among the best in the industry in quality and quantity.
I always recommend that traders check these before evaluating the total trading costs. This video will provide you with step-by-step instructions on how to download, install the MetaTrader trading platform and connect it to your trading account. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low.
How to download, install MetaTrader and connect to your account
A competitive ECN trading environment with audited and verified order execution. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order.
Closing a position
LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading. I recommend traders use the limefx demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions.
It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously. LimeFx is a global online broker, offering its services since 2007. Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. The trading software provides access to a number of expert advisors that can be useful for novice traders who make their first steps in auto trading. You can not only download your own advisors into the platform but also create your own trading robots.
Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account.
Trade with a trusted Forex broker
If you don’t have an account yet, you can download the LimeFx’ application in Google Play or App Store and trade on a demo account or a live account directly from the app. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Select the trading instrument for which you want to close the position and click the corresponding “Close” button. It is worth noting that when you select a specific instrument, only those accounts that have open positions for this instrument will be automatically displayed. LimeFx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Novice traders are advised to study MetaTrader4 and get familiarized with its functions using a demo account.