With its headquarters in London, LimeFx has grown to have multiple international offices and is licensed in several major regulatory hubs globally. LimeFx provides a respectable variety of market research from a combination of in-house content and third-party materials. Overall, LimeFx’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category. If you plan to trade in high volumes, LimeFx’s Active Trader account is your best option. It offers better spreads and customer support than Standard accounts.
- Therefore, it is imperative to do your own due diligence before copying any traders.
- Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads.
- On the website, you will find many videos explaining the trading platforms and different strategies.
- LimeFx don’t apply any fees on withdrawals and the processing is in line with industry standard timings.
- From the moment you submit and confirm the request to withdraw money from your account the accounting department typically processed and confirms withdrawal within 2 business days.
When it comes to charts, LimeFx provides more than 50 technical indicators such as Bollinger Bands and Klinger Oscillators. LimeFx clients also have access to a feature called Market Scanner that uses technical indicators to create buy and sell signals. LimeFx offers trading ideas via the Trading Signals and Technical Analyzer pages. On the other hand, it does not support fundamental data such as P/E ratios, market capitalization, and dividend yields.
The abundance of trading platforms on offer means traders score very highly in this category. By offering Trading Station, MetaTrader 4 and NinjaTrader LimeFx have pretty much covered all bases. The only question for clients is which of the software https://limefx.biz/ packages to choose from. Our reviewers were particularly impressed by some of the specialist indicators in the Trading Station package. The SSI tool proved an effective double check which was particularly useful at time of trade.
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The following step is for the applicant to complete a selection of general information, including their preferred account option. The applicant must now select their country of residence plus their preferred platform for trade. LimeFx does offer both a Sign-Up / Welcome bonus of $25 USD plus a Deposit Bonus of up to $300 USD respectively.
Unfortunately, the market scanner only works for a limited number of products. Trading Station mobile and MT 4 together provide a stable mobile trading experience, packed with features like the comprehensive trade ticket that allows for one cancels other orders. There are plenty of available platforms at LimeFx such as Seer Trading Platform.
Trading offers: A review of the conditions for traders
LimeFx offers decent spreads starting from 0.2 pips on EURUSD on the standard account with zero commission fees. These are not the lowest spreads that you will find but that is because the commission is included as a spread mark-up. However, you can get spreads from just 0.0 pips on the raw spread account but that does incur a very competitive $5 round trip commission fee on top. Overall, I think it is fair to say that the costs are quite low, although you can get $4 per round trip and 0.0 pip spreads from FXTRADING.com. ZuluTrade is software that allows traders to copy other traders peer to peer. Known as “Social Trading” ZuluTrade is supporting charting and analysis.
LimeFx Mobile App
You can only deposit money from accounts that are in your name. For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below. There are other factors you can check to make sure LimeFx is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. This tool tells you about market sentiment and volatility across different trading instruments.
Furthermore, if LimeFx cannot satisfy any repayment claims, eligible UK-based clients can claim up to £85,000 in compensation through the Financial Services Compensation Scheme. The companies that make up the LimeFx Group are regulated by multiple jurisdictions. If you plan on opening an account with LimeFx there are four options to choose from including either a Standard or Active Trader individual account, a Joint account and a Corporate account. If you ever need any further assistance, you know where to find us. It turned out that there was a mixup with my banking information.
LimeFx Slippage And Execution Speed
This enables more secure application access and is readily integrated with online apps, mobile devices, and desktop platforms. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
LimeFx Review 2023
On the negative side, which we think are not so many, there is a withdrawal fee for Bank Wire transfers in some regions and the support is not available on a 24/7 basis. Also, the broker might not be suitable for futures and options traders due to the lack of these assets. LimeFx is an online trading provider of Forex and CFDs trading of Stocks, Commodities, Indices, Cryptocurrencies, and spread betting (available for UK and Ireland residents only). LimeFx has been around since 1999 and is still going strong today. This easy-to-use charting package is designed for both technical and algorithmic traders.
Yes, a lot of regulating agencies oversee the functioning of LimeFx. Thus, it offers a safe and regulated environment for trading. Any trader can start trading on LimeFx without worrying about their investments. There are some free indicators but the customer can implement new ones by downloading or buying on the internet. Also, there is a MetaTrader Market with the biggest selection of free and paid tools. For your strategies, you can rent a VPS server so the strategy can run 24 hours per day.
LimeFx fees: How much does it cost to trade?
You can choose among the LimeFx Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms. You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. 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 (MT4).
All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. 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. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions.
The Live Pricing Widget details the different markets on offer and also the current prices. The lack of depth in any particular instruments means this is one section where LimeFx is in line with its peers rather than ahead of them. LimeFx offer a variety of accounts so that clients can choose a best fit.
Most often, any CFD and Forex trading or spread betting user account is commission-free when trading spreads. It is based on HTML5 and has useful elements like economic calendar, Education and Research, trading analytics, LimeFx Cloud, and Charts. There is a single account at LimeFx you are able to trade a range of trading instruments that are included in the offering.
LimeFx does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The LimeFx Demo Account comes pre-loaded with £50,000 in virtual funds. LimeFx provides four different account types the Standard Account, the Active Trader Account, an Islamic, Swap-Free Account plus the LimeFx Risk-Free Demo Account. The minimum limefx scam deposit amount required to open an LimeFx live trading account is $50 USD. Other than the video tutorials featured on the official site, LimeFx offers archived webinars, platform tutorial videos, etc. via its YouTube channel. Trading costs differ from one type of user account to another and also vary based on the market where the trade is conducted.
