LimeFx indeed conducts a very convenient way for account opening, so you can set up a free practice account, which allows testing the platform and experiencing account benefits. For the globally presented offices, each of them as a branch of Forex Capital Markets Limited follows the country’s financial authority and is licensed accordingly. Limited is regulated by the ASIC, LimeFx Germany is partially regulated by BaFin, and LimeFx Italy is subject to the control of CONSOB and FSCA (Check out the FSCA Regulated Infinox Capital Review) authorization in South Africa. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. The range of products available to you will depend on the entity of your trading account. The advanced range of market instruments offered by LimeFx includes popular markets and other exotic pairs, as well as offering Forex, Indices, Commodities, Cryptocurrencies, and Spread Betting that is available for UK and Ireland residents.
Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. The LimeFx LTD is headquartered and regulated in the UK by the Financial Conduct Authority. Besides all the benefits provided by this broker, we noticed that the range of instruments offered might be not enough for some traders, also the availability of certain assets depends on the entity.
- The range of products available to you will depend on which global entity under the LimeFx Group houses your trading account.
- Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
- Since 1999, LimeFx has been a pioneer in developing online forex offerings for retail traders.
- Our experts find FLimeFx a highly reputable broker since it’s authorized and regulated by some of the most rigorous regulators FCA and ASIC.
Seeing that the broker has suitable and favorable offers for both trader categories, all clients can benefit by signing with LimeFx. We found that LimeFx fees are quite a pleasant proposal with the lower annd average spread around 1.3 pips for EUR USD for some instruments compared to the competition, however, always note Spreads are variable and are subject to delay. LimeFx allows leverage trade of Forex and CFDs, this tool brings an advantage even on the smallest market moves.
Similar apps
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. So desktop platforms are available for all offers as well, while Trading Station is often the preferred choice among active traders, however, is the product with no matter of experience as it has a clear market vision and friendly interface. limefx forex broker Based on our Expert finds, LimeFx provides great trading conditions for Forex and CFDs. They offer a global platform that is suitable to trade internationally, including European clients as well as beginning traders looking for technical solutions. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
In simple words, leverage is a credit shoulder that is given by the broker to your trading account with the purpose to multiply the trading size of your positions. The LimeFx Group is headquartered in London (UK), offering dedicated customer support service regardless of clients’ location through a global chain of offices situated in Germany, Australia, France, and Italy. Additionally, through the various affiliated offices, the broker provides access to the residents in Greece, Israel, and South Africa, thus becoming a truly global broker. Our experts find FLimeFx a highly reputable broker since it’s authorized and regulated by some of the most rigorous regulators FCA and ASIC. It is considered low risk since these regulators offer compensation schemes and secure transactions.
Overall, due to the strong background of the broker, years of successful operation, and reputation in the financial world our financial experts find LimeFx broker a reliable and safe trading environment. Active or high-volume traders can enjoy their benefits with various available interfaces, good and competitive value spreads, or offerings with advanced technical features. Beginner traders can count on company tool support https://limefx.biz/ while building their own strong trading strategy. Indeed, beginning traders face numerous challenges, yet time and even capital loss due to emotion-based trading are the main barriers to success. Based on our research, we found that LimeFx supports the functionality of Autotrading through market-leading ZuluTrade and NinjaTrader platforms delivering best practices for social trading helping beginners to hone their skills.
Other trading platforms
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. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
LimeFx Leverage
There are a few options of trading software to choose from including Trading Station and Ninja Trader, LimeFx’s award-winning proprietary platform, which features great innovation and functionality available on the Web, Desktop, and Mobile. However, this is defined according to the LimeFx’s entity, likewise, UK and EU clients would need GBP300 at the start. Actually, LimeFx gained positive and high regard from the clients in terms of its good trading conditions and support, which is definitely a plus to our LimeFx Review. You still can use the famous MetaTrader 4, yet with LimeFx’s integrated and developed features that include EAs, scalping, and 0.01 lot sizes with Free VPS enhancement, but within the average trade of 500k. LimeFx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LimeFx YouTube channel. All information on 55brokers.com is only published for general information purposes.
Trading Instruments
They also provide professional education and research sections available for free. Beyond core platforms, the broker offers integration to LimeFx’s acclaimed execution of specialty LimeFx Apps offering an online marketplace where you can customize the trading experience. And to include an additional application for news, trends, and range traders, apps for new trading features and smooth trading process, EAs and automation, indicators, scripts, Standalone apps, and many more. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
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. LimeFx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. With its wide range of available platforms and deep offering of trading tools, LimeFx has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, LimeFx has plenty of options. In our 2023 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools.
Read our full explanation and accounting of our research and testing process to learn more about how we test. Yes, based on your detected country of FI, you can open an account with this broker. LimeFx hosting regular educational events in various cities around the world with a great focus on African region education since enlarging its activity. LimeFx understands deeply the necessity of good quality education and that materials and knowledge are the keys to potential success. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.
Our financial experts note that LimeFx offers a great variety of trading platforms including both industry-leading MT$ and MT5 platforms, as well as more sophisticated, Trading Station, NinjaTrader, TradingView, Zulutrade, and Capitalise AI. The company provides global traders with access to the world’s largest liquid market through innovative trading tools, and the support of excellent trading educators while all operating under strict financial standards. Also, always count overnight fees or swaps (check out swap-free forex brokers) as a trading fee in case you follow a swing or long-term trading strategy, while active traders will get discounted pricing as well which is always good.
What is LimeFx?
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. With LimeFx, you pay only the floating spread to trade indices and commodities, while enhanced index CFDs allow you to trade without stop and limit restrictions or re-quotes. See below the average spread costs on CFDs, and other fees like funding fees, yet for the most accurate data check the official website or LimeFx platform.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. 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. Nevertheless, allow your payment provider to add on some working days to process the transaction as well.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.
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). The company headquarters are in London, UK where they’re regulated by both The Financial Conduct Authority (FCA) as well as many other strict regulatory authorities around the world including Australia (ASIC) and South Africa (FSCA). The LimeFx group of companies (collectively, the “LimeFx Group”) is a leading provider of online foreign exchange (forex) trading, CFD trading, and related services.
