LimeFx ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions. LimeFx offers floating spreads, but without the price improvement, average ones can be somewhat high. Therefore, traders should consider the trading time to ensure placing most trades during limefx scam high liquidity times. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago.
Account Types and Terms
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. LimeFx has an online application form, which is the standard operating procedure. LimeFx offers a swap-free Islamic account that adheres to the principles of Sharia law.
LimeFx Forex Trading Regulation and Security
LimeFx has proven itself as a reliable and secure platform for both new and experienced traders. If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with LimeFx’s active trader account are cheaper than they may appear when https://limefx.name/ you compare with other brokers as LimeFx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison. LimeFx is fully committed to automated trading solutions, professional traders, and institutional clients.
What are LimeFx’s trading hours?
LimeFx provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the LimeFx trading server. The fast order executions and deep liquidity further support demanding trading requirements. LimeFx offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. We will have the access to activate any account types offered by LimeFx.
User Experience
LimeFx is suitable for various types of traders, ranging from beginners to experienced ones. The company offers educational courses on FX trading, provides trading tools, proprietary data, and premium resources. It also offers dedicated 24/5 customer support with global offices in London, Melbourne, and more. The breadth of platforms and available tools means that experienced traders are best served by LimeFx’s emphasis on incorporating value-added services and resources. One of the best-known names in the forex industry, LimeFx offers an impressive range of technology, tools, and research.
With LimeFx a trader can trade Forex, CFD, or commodities with the flexibility to choose to trade platform which meets his needs the best. To stand straight as a prestigious and trustworthy brokerage firm, LimeFx is regulated by FCA, ASIC even FSCA. LimeFx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LimeFx YouTube channel. Yes, based on your detected country of FI, you can open an account with this broker.
- However, trailing stop-loss orders are only available from the desktop.
- Copy trading and automated trading are also only available on the MT4 desktop platform.
- Once LimeFx confirms your address proof, you will be redirected to MYLimeFx (Personal area) and start trading.
- LimeFx Plus – including resources for every experience level trader it offers an advanced technical analyzer, trading signals, and exclusive tools.
LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. We judged the quality and volume of research materials to be above average for the industry. The platform is also available in multiple languages to cater to LimeFxs global client base. ForexBrokersOnline.com earns money from affiliation deals with our partners.
Whereas there’s no minimum deposit amount attached if you deposit via Wise transfer. A trader depositing via card regularly may start trading only with $50. To withdraw a deposit from an LimeFx broker we need to consider a little amount of fee under some conditions.
Here is a screenshot of the LimeFx Trading Station platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Charting on the platform is robust, with over 100 available technical indicators, 20 chart types, and ten available time frames to choose from. LimeFx’s Standard Account trading-related fees vary average to above average in our tests.
Whether you are a beginner or an advanced algorithmic trader, LimeFx has plenty of options. In our 2024 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools. LimeFx offers forex trading signals to all clients (except clients who reside in the EU). Clients with live accounts can enjoy free access to trading signals for 14 days trial. Education exists via free online forex trading courses, webinars hosted by LimeFx Senior Market Specialist Russel Shor, and written content with exceptional quality.
Security features could be better, as Trading Station Mobile does not offer 2-step authentication or biometric login. In our research, LimeFx was transparent in its regulatory status, fees, and background information. The regulatory status of different entities is covered in detail on their Regulation page. A rate card on their Charges and Fees page clearly outlines all costs.
LimeFx (Forex Capital Markets) is a well-established and globally recognized forex and CFD broker. I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings. For these reasons, I rate Trading Station highly among the dozens of proprietary platforms I have tested. LimeFx has strong regulatory credentials with oversight from several respected financial watchdogs.
MetaTrader is also popular due to its copy trading and automated trading features. Market orders, limit orders, stop-loss orders, and trailing stop-loss orders are available. Traders also have the option to apply time in-force conditions such as Good-Til-Canceled (GTC). Price alerts are available via the Trading Station app, allowing users to stay abreast of market moves easily.
One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is using borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. Trading Station Desktop has all the features of the web platform and goes beyond it with a range of advanced functionality.
