The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place.
Is LimeFx a legit broker?
Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The LimeFx Standard Account has a minimum https://limefx.name/ requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions.
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Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms. For traders who appreciate advanced trading tools and quality market research, LimeFx is a winner – especially for algorithmic trading. Average spreads at LimeFx are more favorable for active traders or clients residing in the EU, U.K., or Australia. The online broker even provides wholesale trade execution and liquidity solutions for retail forex brokers, smaller hedge funds and emerging markets banks through its LimeFx Pro service. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx.
LimeFx Trading Station Mobile
Jay and Julie Hawk are a married financial writing and authorship team who co-founded TheFXperts, a notable financial writing services provider. The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them. Together, they write books, trade forex online for their own account and others, mentor traders, and have worked actively as professional freelance writers specializing in financial topics for over 15 years. Novice traders can take advantage of LimeFx’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. For more advanced traders, LimeFx provides application programming interface (API) trading with 4 free APIs connected to the LimeFx server that includes REST API, FIX API, Java API and a ForexConnect API.
LimeFx Review
You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices. The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research. LimeFx also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure.
LimeFx’s Transparency and Trust Level
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. The LimeFx group of companies (collectively, the “LimeFx Group”) is a leading provider of online foreign exchange (forex) trading, CFD trading, and related services. No, but you can trade CFDs on major stocks through an online broker like LimeFx.
All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. If you prefer to place orders by phone, LimeFx offers a trading desk line that can be handy should you experience an interruption in your internet connection. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days.
MetaTrader 4’s reputation and reliability make it a sound choice for all traders. Since 1999, LimeFx, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited (“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.
Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced 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 you compare with other brokers as LimeFx off lower commission fees.
Also, MetaTrader 4 users can automate their trading using “expert advisor” or EA software they can program themselves or obtain from third parties. LimeFx does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality limefx official site research, helpful educational resources and tight dealing spreads. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders.
LimeFx’s pricing for forex trading is slightly higher than the industry average. LimeFx provides customer service via toll-free numbers around the world in 42 countries in North and South America, Asia, the Middle East and Europe. The broker’s multilingual phone service and the live chat feature on its website are available 24 hours a day, 5 days a week. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all LimeFx clients. LimeFx has a knowledge section that consists of research or market analysis tools and education.
You can get more information on the broker’s algorithmic trading facilities by clicking here. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. This includes an economic calendar, live forex charts, and the latest market news. This is LimeFxs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads.
LimeFx no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates FOREX.com, so U.S.-based traders might consider using that broker instead. 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. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well.
- When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market.
- It was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients.
- At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
- This account offers LimeFx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.
- If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform.
LimeFx offers a decent selection of tradable assets, excellent pricing and high-quality customer service that few other online brokers can match. LimeFx also provides a decent selection of top-quality trading platforms its clients can operate through. Beginning traders can also access various options to help them learn and enhance their trading skills. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers.
This explains why spreads are wider than commission-based accounts such as the Active Trader account. LimeFx, also known as Forex Capital Markets, is a global forex provider trading with various LimeFx entities in the UK, Europe, Australia and South Africa. Our LimeFx review concluded that LimeFx has a simple but helpful account type structure, average spreads, a hybrid trading execution model and a good range of trading platforms.
