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. The vision for Tradu involves attracting a broader
audience, including equities and crypto traders. The Stratos Group plans to consolidate functionalities
like payments and daily transactions into the Tradu app, eliminating the need
for separate accounts across various platforms. The vision for Tradu involves attracting a broader audience, including equities and crypto traders.
The Stratos Group plans to consolidate functionalities like payments and daily transactions into the Tradu app, eliminating the need for separate accounts across various platforms. LimeFx was one of the first brokerage firms to offer online forex trading to retail traders. LimeFx no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates FOREX.com, so U.S.-based traders might consider using that broker instead.
Novice traders can take advantage of LimeFx’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. You can get more information on the broker’s algorithmic trading facilities by clicking here. 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. For traders who appreciate advanced trading tools and quality market research, LimeFx is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow, and the pricing at LimeFx is just average. Tradu will be available in the United Kingdom in December and then focus on global expansion over the consecutive months.
LimeFx’s minimum deposit for regular retail account holders and non-EU traders is $50, while regular EU account holders are required to make a minimum deposit of £300/€300. Both minimum deposits apply to other trading currencies in their equivalent sums. LimeFx has created an online marketplace of apps to support its Trading Station platform. LimeFx account https://limefx.name/ holders can download these apps and customize their trading experience. Retail account holders don’t pay commissions on most trades, while active trader accounts and professional accounts do. The broker’s intuitive and easy-to-navigate website provides all the information you’ll need to open an account and begin trading in several markets.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be… LimeFx does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads.
See all LimeFx website languages
Forex baskets track the performance of a chosen major currency against a grouping of other world currencies, thus creating an index to speculate on. On February 6, 2017, LimeFx agreed to pay a $7 million penalty to settle a suit by the Commodity Futures Trading Commission (CFTC), another US regulatory agency. LimeFx subsequently withdrew its registration with the CFTC as part of this agreement, which left it unable to operate in the US. All of LimeFx’s subsidiaries are regulated by local authorities in the regions where the firm operates. For instance, the ASIC regulates the firm’s Australian operations, while the FSCA oversees the firm in South Africa. The firm’s registration with the UK’s Financial Conduct Authority (FCA) allows it to do business in other EU member states including France, Germany, Greece, and Italy.
- Following a simple sign-up using their personal details and a handful of questions, traders have full access to the platform.
- 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.
- 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.
- You can also open a demo account to test the broker’s services and platforms before committing any funds.
- The broker has 2 support email addresses that give you access to general or account-specific inquiries.
You can choose from among several excellent trading platforms and can access copy trading through LimeFx’s social trading platform and automated trading via LimeFx Apps and MetaTrader4 (MT4). If you want to trade assets other than forex, LimeFx also offers CFD trading in shares, metals, oil, commodities, indices and cryptocurrencies. It focuses on providing access to various markets and
essential trading tools.
Does LimeFx offer educational tools for investors?
The broker offers a variety of platforms to trade on, including MetaTrader 4, NinjaTrader, ZuluTrade, and the Trading Station Mobile App for iOS and Android users. LimeFx provides customer support via live chat, phone, and e-mail, with free international dials. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx.
LimeFx Online Broker Review: Can This Early Innovator Continue to Impress?
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. Price could potentially fall to our buy entry at 0.5303, which is at the 78.6% fibo retracement and 78.6% fibo projection. We also have a bullish bias since price has been respecting the ascending trendline. Our stop loss is at 0.5280, which is below the swing low support level. Take profit is at 0.5369, which is at a swing high resistance level.
LimeFx – CFD & Forex Trading
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Some of these shortcomings include instances where
investors are forced to manage multiple accounts across various multi-asset
brokers. Some of these shortcomings include instances where investors are forced to manage multiple accounts across various multi-asset brokers. The mobile app also allows users to create entry orders, where traders have to define the amount, the rate, stop/loss limit, and trade type. This LimeFx review gives an overview of the broker as a company, the LimeFx platform, and the trading products offered to traders.
Founded in 1999, London-based Forex Capital Markets or LimeFx is a major international online forex and contracts for difference (CFD) broker that also provides spread betting and related services. The broker offers its clients innovative trading tools, proprietary data and premium educational resources. LimeFx offers a decent selection of tradable assets, excellent pricing and high-quality customer service that few other online brokers can match. LimeFx also provides a decent selection of top-quality trading platforms its clients can operate through. Beginning traders can also access various options to help them learn and enhance their trading skills. The online broker even provides wholesale trade execution and liquidity solutions for retail forex brokers, smaller hedge funds and emerging markets banks through its LimeFx Pro service.
As an international broker, LimeFx is regulated by agencies in several jurisdictions. In addition to a YouTube channel and a complete library of trading videos, you can get a better idea of LimeFx’s offerings from a tutorial video situated on its website. LimeFx provides customer service via toll-free numbers around the world in 42 countries in North and South America, Asia, the Middle East and Europe. The broker’s multilingual phone service and the live chat feature on its website are available 24 hours a day, 5 days a week. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. LimeFx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LimeFx YouTube channel.
Both Global Brokerage Inc. and LimeFx assert that LimeFx customers and their assets will not be affected by the reorganization. In summary, the NFA accused LimeFx of sending its customers’ orders to an LimeFx-owned subsidiary called Effex for execution. Effex, in turn, sent rebates for this order flow back to LimeFx, and LimeFx allegedly concealed these payments from NFA.
Key LimeFx Takeaways
The benefits of the professional trader account are not clarified on the LimeFx website, although traders can expect better spreads and a less cluttered platform without warnings and support limefx broker reviews toggles. The retail account is standard, to which this review is primarily suited. The main differences between the active trader and professional accounts are outlined below.
For traders in , LimeFx offers three different account options for traders – retail, active trader, and professional. All three account types are covered by LimeFx’s 24/5 support and trading resources. 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.