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LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive.
Keep in mind that these are averages, so the spread may be higher or lower at any given point. There is no Zero or ECN account that charges a commission, so all account holders with LimeFx are charged spreads. You can also use one of the specialty platforms that can be completely integrated, including Quantconnect, MotiveWave, AlgoTerminal, AgenaTrader, StrategyQuant, SierraCharts, SeerTrading, and NeuroShell Trader. These are all best for advanced traders due to the limited information available on their use.
- The bank withdrawal fees depend on the currency and where the target bank account is located.
- This association of LimeFx with banks, financial institutions is the major reason for the overall reach of LimeFx across financial markets globally.
- This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms.
- I have traded with LimeFx on and off for years, and all of a sudden my account was locked and a notice saying they will email me.
- In addition, LimeFx offers educational courses on FX trading and provides trading tools, proprietary data and premium resources.
Also available are free trading courses, webinars, and trading workshops. The workshops take place at LimeFx’s offices in all the jurisdictions of operations. Apart from the above-mentioned, Iceland and Japan are LimeFx’s retail clients’ restricted countries. Nevertheless, the LimeFx website is easily accessible from anywhere across the world. Users are advised to note that the trading systems and instruments offered seldom vary from country to country. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$.
The broker is the winner of FXEMPIRE Best Customer Support Award 2018 and 2017. LimeFx provides 24/5 customer service via phone, live chat, and email. The contact phone numbers are toll-free and based on jurisdiction.
Platforms & tools
Several trading articles are available to help new traders learn the ropes. These articles start with terminology, fundamental principles, indicators, and trading techniques and go to trading strategies. The website includes a vocabulary of approximately 45 pertinent trade words. The video library includes limefx reviews lessons on platform use, forex introduction, order kinds, and mobile platform usage. A Virtual Private Server is crucial for traders who use complicated trading systems and Expert Advisors that demand ongoing connectivity but do not require the trading platform to run on their own workstation.
The fees are either very little or no fees at all depending on the entity. LimeFx, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive. When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market. LimeFx’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics. The broker has 2 support email addresses that give you access to general or account-specific inquiries.
LimeFx Plus
The bank withdrawal fees depend on the currency and where your bank account is located. In the sections below, you will find the most relevant fees of LimeFx for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. MotiveWave – This tool provides charting for both technical and also algorithmic traders. LimeFx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.
No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
In case of technical issues a representative pays immediately attention to your request. I would have appreciated if LimeFx would send daily and monthly reports about the performed trades, but that is a nice to have and limefx scammers not a must. LimeFx offers a social trading servicevia the third-party service ZuluTrade. Access is provided through ZuluTrade’s own trading platform, where all you have to do is register with your LimeFx account number.
LimeFx User Experience
The conflict of interest was related to its relationship with a market maker that was providing liquidity to LimeFx’s retail clients. LimeFx had an ownership interest in the market maker, which created a potential conflict of interest for the broker. LimeFx charges $50 as an inactivity fee from the accounts that have not conducted any trading activity for consecutive 12 months. This tool tells you about market sentiment and volatility across different trading instruments. It can be a useful tool to help gauge in which direction the market may be heading. The LimeFx economic calendar highlights worldwide economic events that have an impact on trading instrument prices.
The pricing of forex trading with LimeFx is lower than the industry average. LimeFx provides traders with its proprietary Trading Station, the MT4 trading platform and ZuluTrade. It also maintains six specialty trading platforms for algorithmic traders and Capitalise AI. LimeFx ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions. Education exists via free online forex trading courses, webinars hosted by LimeFx Senior Market Specialist Russel Shor, and written content with exceptional quality.
Once the registration is complete, they receive $20,000 virtual money for trading. Forex Capital Markets Limited , popularly known as LimeFx, is a forex and CFDs trading, spread betting broker based in the UK. As one of the oldest brokers, LimeFx has been in the forex and CFD trading industry for over two decades.
Interest-Free Account – for Islamic traders
Improve your overall trading with tailored Trading Analytics sent directly from the platform. Forex Capital Markets Limited (“LimeFx LTD”) is the brand name of the LimeFx group of companies or LimeFx Group. The LimeFx Group’s companies are regulated in several jurisdictions, including FCA, ASIC, and FSCA.
About LimeFx
LimeFx offers one of the best selections of platforms for traders to choose from. Its flagship platform, Trading Station, is available as a web, desktop, or mobile platform, or you can use MetaTrader 4, NinjaTrader, or ZuluTrade. Trading Station is an LimeFx proprietary platform and therefore not used by other brokers.
You can choose from among several excellent trading platforms and can access copy trading through LimeFx’s social trading platform and automated trading via LimeFx Apps and MetaTrader4 . If you want to trade assets other than forex, LimeFx also offers CFD trading in shares, metals, oil, commodities, indices and cryptocurrencies. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms the broker also offers 7 speciality platforms.
LimeFx was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in LimeFx. https://limefx.name/ In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but LimeFx Group is not involved. Other than the issues with former U.S. clients, LimeFx has not faced any other investigations or issues in recent years.