We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. 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. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
We got relevant answers on both platforms.We also received relevant answers to queries sent by email. The response time was about one day.The only thing we missed was 24/7 availability. You can’t change the leverage levels of the products, which is a drawback. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful when trading forex and CFD as the preset leverage levels may be high. Remember that leverage is a double-edged sword and it can dramatically amplify your losses not just your profits.Trading forex/CFDs with any level of leverage may not be suitable for all investors.
LimeFx has implemented a Secured Socket Layer (SSL) on all its websites and platforms. The SSL encryption protects data transmission between the clients’ workstations and LimeFx’s servers so that hackers are kept out of the loop. This is very important because identity thieves and internet fraudsters might attempt to steal important user info such as credit card details, verification documents and users’ accounts. The LimeFx mobile trading platform is user-friendly and well-designed. However, when we tested the platform on iOS, we felt that the platform’s layout was not optimized for newer iOS versions. Similarly to LimeFx’s web trading platform, we tested LimeFx’s own mobile trading platform, Trading Station.
What is the minimum deposit for LimeFx account?
Overall, there is more than enough content for everyone to learn something new. Trading signals are actionable trade ideas that may be readily applied to the open market. Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading signals for guidance on whether to buy or sell in the live market.
- Sierra Chart is a professional trading platform for the financial markets, compatible with many externally available trading services.
- It offers better spreads and customer support than Standard accounts.
- The broker does not charge any fees for account maintenance, deposit, or credit/debit card withdrawal.
- LimeFx Market Data offers powerful insights to help you find potential trading opportunities.
- Yes, based on your detected country of FI, you can open an account with this broker.
- LimeFx understands deeply the necessity of good quality education and that materials and knowledge are the keys to potential success.
LimeFx states that the advanced trading technology implemented is responsible for providing execution speeds of 31 milliseconds. I would always prefer to use a broker without a dealing desk is it removes any potential conflict of interest. I wouldn’t want the broker taking the opposite side of my positions. 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. They are a broker who have been around for years and are regulated in multiple jurisdictions which gives me comfort that I can trust them with my funds.
Is LimeFx regulated?
In our 2023 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools. Beginner traders can count on company tool support 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 limefx website barriers to success. 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. This is a marketplace where platform tools can be bought or acquired for free.
Is this broker good for beginners?
If your account is denominated in another currency, the minimum deposit will be 50 units of that currency if you make your deposit via credit/debit card. Active Trader accounts require a $25,000 minimum account equity. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. 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. We strongly recommend LimeFx broker for both beginner and professional traders.
With LimeFx, you can get trading signals delivered daily to your mobile. Geo-political events as well as many other macroeconomic factors influence price action and create volatility. You can sign up to receive SMS Trade Alerts (powered by the brilliant Autochartist) to help you spot potential trading opportunities. The LimeFx economic calendar lists the global economic events that affect the prices of trading instruments.
A Virtual Private Server (VPS) is essential to traders who adopt complex trading systems and Expert Advisors (EAs) that require constant connections without needing the trading platform running on their own machine. The free VPS is provided to high volume traders who have traded up to 500K per month in the last 3 months. LimeFx has partnered with two renowned VPS providers to bring this service to its clients. I have my own VPS from a third-party provider that I find to be an invaluable tool for running my automated systems around the clock on multiple instances of the MT4 platform. This way I can test how they perform on different brokers without needing my own computer constantly running. It is worth mentioning that you can get a free VPS from other brokers including IC Markets.
The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. This is available to all clients who choose to trade on the MT4 platform.
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. The range of products https://limefx.biz/ available to you will depend on which global entity under the LimeFx Group houses your trading account. In addition to a growing selection of over 300 CFDs that includes fractional shares and 41 forex pairs, LimeFx offers exchange-traded securities across 43 exchanges in Europe, North America, and the Asia-Pacific region.
The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan. The brand also has affiliate offices in Toronto and Tel Aviv, Israel. Bank withdrawal fees are high and trading platforms lack a secure two-step login.
Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. LimeFx allows leverage trade of Forex and CFDs, this tool brings an advantage even on the smallest market moves. 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. 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).
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. For example, the EURUSD spread was 0.2 in Q in the Active Trader account, compared to 1.3 for the Standard account. 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. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
I actually prefer to maintain control over my own trading as I think this is the best way to learn from your mistakes and become a better trader. I also feel like some of the ZuluTrade strategies are quite high risk, utilising potentially dangerous grid trading and martingale money management. Therefore, it is imperative to do your own due diligence before copying any traders. Available for both Android and iOS, the copy-trading app enables you to access the markets and manage your account anytime, from anywhere.
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). LimeFx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Use the MetaTrader 5 web platform without downloading or installing any application.
Yes, based on your detected country of FI, you can open an account with this broker. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. 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.