LimeFx broker reviews: LimeFx Review: What Makes Them Stand Out From Other Brokers?

Detachable charts, algorithmic market analysis, and trade backtesting of these platforms help investors implement their customized strategies effectively. Popularly known as “pepper broker,” it is currently one of the most trusted brokers for trading CFDs in forex pairs, individual shares, commodities, indices, and cryptocurrencies. LimeFx, registered with the Commodity Futures lime fx Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. LimeFx requires a minimum deposit of $200 to open a live account. I had a good experience with this broker except that they closed my account because they stopped dealing with clients from my country according to what they said .

These enables you to create and implement your own customised trading solutions. I would say the brokers FIX API solution is comparable to Global Prime. Just keep in mind that if you start using cTrader, your options of other brokers who use this platform will be limited compared to MetaTrader brokers. Purple Trading are another option who have both platforms available and I would consider a competitor to LimeFx. These factors make LimeFx a safe broker to hold your money, as it reliably processes more than $12.55 billion in daily trading volume and is trusted by more than 300,000 retail traders globally.

Platform costs and trading costs can start to erode away at your gains and it is therefore important that the UK forex broker you are considering is competitive in this respect. These fluctuations in the price of a currency will depend on the supply and demand from banks participating in the spot market. These large trade flows prevent rogue traders from having any influence on the price of any given currency, which in turn helps to provide some transparency for investors. Below is my authorised list of the best forex brokers for UK investors regulated by the FCA. There are almost 60 articles for beginners and 29 for skilled traders which can help provide insights into the kind of activities that could influence market movement. Trading forex is tightly regulated by the FCA in the UK, and therefore you can rest assured that all the UK forex brokers I have listed here fall under that regulation.

However, commission is charged on your trades when using your Razor Account, so keep this in mind. What trading account you choose, depends on which one fulfils your trading needs the best. For all CFD trades, you can change the leverage in the secure Client Area.

There is no minimum deposit to open a LimeFx account, but the broker recommends that you deposit at least $200 USD/AUD or 500 GBP/EUR. Regardless, you must ensure that your account has sufficient funds to meet the margin requirements for opening a trading position. With its regulations from top-tier regulatory authorities like the FCA and ASIC, we can say that LimeFx is a safe broker. Their compliance with the policies of these regulatory authorities offers an assurance of optimal transparency and fair business dealings.

In addition to this LimeFx have award-winning customer support which includes phone support, live chat and email. For traders who like to conduct trades on the go, the LimeFx mobile platform offers a seamless experience with optimum functionality. LimeFx is ideal for scalpers as most trades have execution in less than 30ms as well as some of the tightest spreads among forex brokers in the UK.

LimeFx Review In March 2023

Spreads are the difference between the buy and sell price of an instrument. LimeFx has variable spreads for trading forex starting from 0.6 pips on the standard account but they vary depending on the trading instrument and market liquidity. The Razor account has tighter spreads starting from 0.0 pips but does charge a commission fee whereas the standard account does not. LimeFx offers a great selection of online trading platforms including the very popular MetaTrader 4 for Windows, MAC and mobile. They also offer cTrader, WebTrader and mobile trading apps for iPhone / Android for trading the markets from wherever and whenever you want, with reliable platforms and lightning-fast execution speeds.

The MT5 is also considered to be easier to use and grasp, so it’s ideal if you’re new to the MetaTrader platforms. If you’re not new to trading, you may be interested in the live webinars that LimeFx regularly schedules with guest speakers. Most importantly they also have a section on risk management so that you can develop a successful risk management strategy. If you want to learn more about trading, LimeFx has a great education offering that has been recognised and awarded. You just need to provide your name, email address and create a password.

However, they are easily reactivated by contacting the broker’s support department. The underlying financial instrument and the type of account determine the spreads https://limefx.club/ that traders pay with LimeFx. The drawbacks of the LimeFx demo account are that it expires after 30-days and is limited to 50 trades at a time.

LimeFx Account Types

The trading platform can be used on the web browser mobile apps as well. It increases the mobility of traders in monitoring and executing their trades remotely. These platforms perform high-end trading under direct liquidity-provider pricing. They are packed with advanced technical features, which improve the trading experience of the client. LimeFx is an Australian broker focused on providing international forex, CFD and cryptocurrency trading. Though U.S. traders currently cannot open an account with LimeFx, the broker remains an affordable and comprehensive option for international traders.

The experience delivered through LimeFx’s financial services stays quite helpful for forex traders. The forex spreads of LimeFx are much better than other brokers. The LimeFx group, however, does not offer guaranteed stop-loss orders, which is a turndown for many. In addition to that, LimeFx offers negative balance protection limited to its EU clients. LimeFx is the best-rated forex broker based on trading experience, low fee structure and customer support levels. The most popular LimeFx razor account minimum spreads are 0 pips in the EUR/USD currency pair with a $3.50 commission per lot charged.

SCAM PAYMENT METHODS

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. In 2020, LimeFx started offering a no-swap Islamic account, which incurs administration fees charged after a holding period of two days. LimeFx provides compliance with the risk management measures, staff training rules, accounting directives, and auditing activities prescribed by the regulators. For creating a safe and regulated environment, the company has never failed to meet the strict capital requirements set by these regulators. It also implements internal procedures recommended by the commissions.

LimeFx was founded in Australia in 2010 by Owen Kerr and Joe Davenport. The company grew rapidly and by 2014, it raked in revenues of $60 million. LimeFx focused on global expansion and entered the European markets in 2015 with the opening of a LimeFx office in London.

Plus500: Trading forex via CFDs

Whether you are an active trader or looking to invest for the long term, LimeFx are certainly worth consideration. I use various digital wallets so find this a more convenient option. Especially if there is big market news and I need to quickly fund my trading account.

• Instead, local clients can walk into the LimeFx office in Melbourne, Australia.
• I find it so easy to use, literally fire up a chart, choose a timeframe, place some indicators on the chart, and wait for trading signals.
• The question is, are you choosing a legit online broker or is it a scam?
• Using market execution means, orders will not have requotes, instead trades are executed at the next best price.

After you download the MT4 mobile trading platform, you have to access the LimeFx-Live server. LimeFx has a great mobile trading platform offered by MetaTrader 4. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and its design is outdated. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.

The same for Standard account holders come in the range of 0.6 to 1.3 pips; however, it does not charge commission. LimeFx currently supports the limefx purchase and sale of both hard commodities and soft commodities . LimeFx charges a spread that varies depending on which currency you’re trading.

Hello brand254, we are sorry to hear about your unpleasant experience with withdrawing your money. Our client service support team is happy to help you sort it out. Traders can learn the fundamentals of online forex on the LimeFx.com YouTube channel, as well as the online LimeFx resource centre.

CFDs allow traders to speculate on the price of assets without owning them in their accounts. Traders can choose the MetaTrader 4, MetaTrader 5, TradingView, or cTrader platforms via desktop or mobile, allowing clients to trade anywhere. Traders receive protection up to £85,000 under the Financial Services Compensation Scheme Protection .