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, limefx forex broker 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.
What type of spreads applies to LimeFx?
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.
Other trading platforms
In our trust category, we place the most importance on how a broker is regulated. In this section, we’ll look at how the different entities of LimeFx across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.
Tradable Instruments
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.
How to get started with the trading platforms?
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.
How can I deposit into an LimeFx account?
To withdraw the account balance you need to open the MYLimeFx page and look for the ‘Withdrawal funds’ option. Or if you are confident about your trading skills then you can directly open a real account. To open an account click on the ‘open an account button and fill out your country of residence, email address, account type, and platform type. LimeFx has local numbers from its operating regions and they are operated by the local representative of the broker so that every trader can take customer service effectively. If you are looking for copy trading then activate the ZuluTrade platform. And in case you want to trade with an automated trading strategy then NinjaTrader has got you covered.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx is a market-making broker with a long history in the market, having been founded in 1999 in New York.
- Before making any trading related decision, contact a local professional financial advisor.
- One of the oldest forex and CFD brokers, LimeFx dates back to 1999 and is owned by Jefferies Group, a publicly traded company.
- But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300.
- LimeFx offers MetaTrader 4 for desktop, which includes advanced functions such as copy trading and automated trading.
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.
They offer traders the possibility to customize trading platforms, and LimeFx offers 35 free plugins. The latest version of the Trading Station web platform https://limefx.vip/ has a better look and feel. We noted tighter spreads in some forex pairs, for example, EUR/USD, with spreads as low as 0.8 pips in a Standard Account.
Trading Station web is well-designed, customizable, and relatively easy to navigate. Popular features such as watchlists, alerts, 1-click trading, and trading from the chart are all available. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). Yes, LimeFx is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions.
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 provides a great example of how to enrich your offerings and is truly a leader in this sector. For traders who appreciate advanced trading tools and quality market research, LimeFx is a winner – especially for algorithmic trading.
Our experts are comfortable that the brokerage is not operating a scam. LimeFx’s offshore entity offers up to $200 as a welcome bonus when you open a live account. The actual amount you receive depends on how much you deposit in your first week of trading. The analyst insights often include expert commentary, technical analysis, and fundamental insights on various financial instruments such as currencies, commodities, and indices. Either by email/phone number/WhatsApp/live chat, you can contact support for any kind of queries.
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.