Earlier, due to the limited resources, it was almost impossible for investors to navigate the markets for the perfect deal and dedicate more time to such endeavors. But with the arrival of automated trading systems, limefx there is very little left to worry about if you will succeed or not. This article will talk about the forex broker reviews of LimeFx and see if it checks the boxes of a reliable and consistent trading platform.
- If your location is correct and you have an account with us from the LimeFx Australia division, you could set up a hedge account at a sub-account level.
- Instead, you can trade them as a CFD, which values are derived from the price of the underlying asset.
- With MT4, the minimum trade size is 0.01 lots and it increases from there.
Since this LimeFx review is written by the industry experts, all the things discussed here are legit. Furthermore, this article is good enough for any prospective trader to think if trading through LimeFx is worth it. The FCA provides up to £85,000 fund protection for European traders through the Financial Services Compensation Scheme .
LimeFx is often compared with
Being a tech firm at heart, LimeFx has been a pioneer in the trading world. Since its early days of launching its first platform in 2001, they were amongst the early adopters in the development of automated trading technology in 2003. Furthermore, they were the first broker to introduce limefx “pipettes” in 2004. This shows that driving the industry forward is at its core. New US-based clients can earn up to US$10,000 when minimum deposits and trade volumes are met. In general, if you look at it in comparison with other brokers, then they are very good in this office.
LimeFx accounts can only be accessed via NinjaTrader or LimeFx’s FLimeFx platform, but not both. When cancelling orders, keep in mind that working orders within an OCO group will only be cancelled if any order within the group is cancelled directly within NinjaTrader. In all other scenarios, these working orders will continue to function. An OCO group that has an order rejected will not cancel any of the group’s remaining working orders. Any outstanding orders will be rejected rather than submitted. Note that there will be a 200ms delay between the submission of OCO-linked orders.
For example, in the case of forex and stock index trading, spreads, commissions and financing rates are the most important fees. Trading is no longer a solitary task and more and more traders have come to rely on the opinions and insights of other traders. Social traders will find their experience lacking on the LimeFx platform. Other than a forum, LimeFx doesn’t offer any social investing tools. The broker advertises its business hours as being from Sunday 1PM EST – Friday 6PM EST but “live chat” and phone support are not available for the entire duration.
Features and highlights include high-definition charting, built-in indicators and strategies, one-click trading from the chart and DOM . You can also use the platform for high-precision backtesting and automated trading execution, for those who prefer algorithmic trading. There are no minimum deposit requirements to open an LimeFx account along with no funding fees, a major benefit of the U.S. broker. LimeFx also offers an Active Trader Loyalty program, for which you can choose a rebate or a commission markdown. To qualify, LimeFx clients must deposit or hold a minimum balance of US $10,000 and maintain over USD $10 million in monthly volume traded. Another unique benefit of LimeFx is the fact that you can put exact orders in, as opposed to ordering by lots, depending on what trading platform you use.
Despite all those benefits of fLimeFx, LimeFx review also suggest that it also has a downside as the look of the platform might feel old-fashioned, and users feel awkward while using some functions. It is because the news, forums, as well as economic analytics will take the users to a new tab of the Browser. Users will also need to go to the separate tab to see the order book. All these downsides may work as an obstacle to a smooth experience. But, the server response time, as well as the execution rate, will stand all those downsides out. However, traders may also be interested in LimeFx scalping, but they don’t provide any idea about scalping trading.
FX trading can yield high profits but is also a very risky endeavor. For trading forex, there is no added commission, the only cost to trade is the spread that LimeFx charges. If you want us to investigate what happened to your account, please reach out to with a copy of this review and we will look into this further. Thanks for your review and I’m sorry you had a bad experience with uploading information to the portal. Although we use the best systems, sometimes they don’t give the expected results.
Is LimeFx safe?
The mobile platform also includes charts with price overlays, indicators, and flexible display styles as well as the ability to trade directly from the chart, just like the desktop application. It was nice to be able to continue our research and trading experience on a mobile platform that felt very similar to our desktop experience. With direct global access to forex, stocks, options, futures, currencies, bonds, and funds, Interactive Brokers is one of the leading online trading solutions for traders, investors, and advisors. It is authorized and regulated by the Financial Conduct Authority, the Australian Securities and LimeFxs Commission, and the LimeFx Industry Regulatory Organization of Canada .
In this review, we will look at some of the best NinjaTrader-supported brokers. The information and publications are not meant to be, and do not constitute, financial, LimeFx, trading, or other types of advice or recommendations supplied or endorsed https://limefx.club/ by TradingView. Awarded highest client satisfaction for telephone customer service . It’s easy to fund your account using one of the following payment methods. Explore our comprehensive range of educational resources and trading strategies.
Trade with MetaTrader 4
At LimeFx, the smallest available lot size is micro lots, which is 1,000 units of a given currency. These, however, change daily and some may fall outside the above ranges. At BrokerChooser, we incorporate these rates into our fee calculation. “Richard Olsen – The democratization of the foreign exchange market.” More information can be found on LimeFx’s regulatory and financial compliance page. New investors will need some patience as they try to navigate their way through the educational material.
CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and LimeFx. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally.
Bilingual customer support representatives are professionally trained to assist you with any query that you might have. You can access them via live chat, email, fax, or via phone. There are also eight global offices to add an additional layer of convenience to serve you on a regional basis. Support is available every market day across the globe, on a “24X5” basis. You will be hard pressed to find a more highly respected forex and CFD broker in the market than LimeFx . Through its now global consortium of forex and CFD-related corporations, it provides a diverse range of currency solutions, ranging from trading to exchange rate data and information.
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 . Though the educational material is good, LimeFx’s video content is not comprehensive, and mostly takes the form of platform tutorials. Reply by TonLimeFx submitted Jun 28, 2022 Hi smalldog, Thanks for your review. Our team is aware of the connectivity issues and it’s working on it! We’ll also take into consideration your feedback on MultiCharts.
Mobile trading platform
LimeFx offers a transparent approach and a competitive and industry-standard pricing structure consisting of average spread, core pricing, commission fees, and swaps . Of these, spreads and commission fees are the source of revenue generation for LimeFx. LimeFx offers competitive CFD spreads on 70 forex pairs, including all majors and minors, and high volatility, in particular, can widen spreads. Novice traders can take advantage of LimeFx’s research and educational material to empower themselves with the required trading knowledge.
LimeFx vs. LimeFx
The tighter the dealing spread, the lower the cost to the trader. Dealing spreads on major currency pairs tend to be tighter than less liquid pairs such as crosses and exotic currency pairs. Both brokers have comparable overall costs with respect to commissions and fees. Another reason for lower spreads could be improvements in technology, such as faster and more efficient trading platforms. This can reduce the costs of executing trades, which ultimately leads to lower spreads for traders. LimeFx has made improvements to their FX Trade app and offers the MT5 platform, which may have contributed to their lower spreads.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. The next stage of the process involves using the well-laid-out FAQs or activating an automated messenger system which supports six different languages. These are both user-friendly and can help resolve queries on subjects from how to set up 2FA to how to book a trade. Offers highly competitive spread and faster order execution. There is a strong research team of currently six analysts at LimeFx covering markets and timezones around the world across a range of asset classes.