Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. This platform is a worthy alternative to Trade Station and MetaTrader.
LimeFx Trading Platforms
- All CFD option is commission-free, which means costs are included in the spread.
- LimeFx is suitable for various types of traders, ranging from beginners to experienced ones.
- LimeFx broker is a perfect friend/platform for both a new trader and an expert.
- In our research, LimeFx was transparent in its regulatory status, fees, and background information.
- 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.
It does not have the most beautiful interface and requires some time and effort to learn, but that is typical of advanced platforms. LimeFx offers MetaTrader 4 for desktop, which includes advanced functions such as copy trading and automated trading. The LimeFx mobile app (Trading Station Mobile) is well-designed and easy to navigate.
How do LimeFx fees compare to similar brokers?
However, trailing stop-loss orders are only available from the desktop. In order to change the language of the MT4 app, you must change the language for your entire phone. As with desktop and web, the interface is not the most intuitive but the MT4 app offers an above-average range of features. The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms.
What platforms does LimeFx offer?
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. LimeFx presents an exciting offering for advanced and algorithmic traders with its impressive range of platforms and tools. Since our last review, TradingView and Capitalize.ai have been added to the lineup.
Professional Accounts
Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. 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. An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law.
Forex Tools
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. LimeFx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their https://limefx.club/ clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
The minimum deposit for a live account is 50 of the account’s base currency, which is relatively low and attainable for both beginner and more experienced traders. Opening a live forex trading account with LimeFx is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. LimeFx offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call LimeFx, there are 42 country-based numbers one can call from.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. In terms of financial strength and stability, LimeFx is among the world’s top forex and CFD brokers. There is room for improvement in some areas such as inactivity and wire transfer fees, which remain relatively high. Outstanding research and education resources round out an above-average offering from this veteran forex and CFD broker. Most CFD brokers have materials catering to beginners, but LimeFx provides value to both novice and advanced traders.
LimeFx maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and LimeFx offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. Since LimeFx houses a prime brokerage unit, research and education are available for all clients. Besides an incredibly detailed economic calendar and third-party market news, LimeFx Plus provides traders with exclusive trading signals free of charge for all live account holders.
It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
They serve as valuable resources for traders looking to make informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers. The wide selection of powerful trading platforms is one of the biggest selling points of LimeFx for me. These include the brand’s proprietary Trading Station as well as the popular MetaTrader 4, TradingView, and Capitalise.ai.
As well as priority support, market depth is stronger with multiple levels of liquidity at each price, offering useful information for high-frequency traders. 73% of retail investor accounts lose money when trading CFDs with this provider. When it comes to forex trading, compliance and regulation are of utmost importance.
A trader will get a deposit bonus of up to $300 and to avail of the bonus, all you need to do is to open an account and deposit at least $50. LimeFx broker offers bonuses in the form of either Rebates or Special offers. But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300. And the relaxing thing is your deposit will not be affected by additional charges or Taxes.
All trading platforms fully support algorithmic trading, and LimeFx provides four free APIs to developers on top of a wide selection of third-party plugins. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it. Education is also taken very seriously with daily webinars and an excellent selection of very well-written content. LimeFx shines with its broad range of trading platforms and tools for advanced traders and strategy developers. As an innovator in retail forex trading with over 20 years of experience, this broker also has an industry-leading range of research and educational resources.
However, more competitive pricing is available via the Active Trader account. However, the broker faced several challenges over the past decade, notably when the Swiss National Bank (SNB) lifted the peg on EUR/CHF in 2015, causing a loss of $225 million. When trading with a broker authorized limefx by the FCA, client funds are also protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects investments of up to £85,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.