LimeFx broker reviews: LimeFx Review

69.66% 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. Beginner traders are encouraged to register with the Mini account, which requires a minimum deposit of $50. This account type adopts a market maker model and has spreads starting from 1.5 pips.

The fast order executions and deep liquidity further support demanding trading requirements. 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 barriers to success. LimeFx employs Secured Socket Layer encryption on all of its websites and platforms. SSL encryption safeguards data transfer between clients’ computers and LimeFx’s servers, keeping hackers out of the picture. This is critical because identity thieves and online fraudsters may attempt to steal sensitive user information such as credit card numbers, verification papers, and user accounts.

It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. As we strive to excel in our industry, we are honored to have clients like you.

The bank withdrawal fees depend on the currency and where your bank account is located. We ranked LimeFx’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. MotiveWave – This tool provides charting for both technical and also algorithmic traders. When it comes to communicating with the broker and getting the information you need, LimeFx offers email, phone, and live chat support.

If you’re opening your trading account from the UK, the LimeFx account will be under the supervision of the FCA of the United Kingdom. As a result, the leverage offered, https://limefx.group/ account base currency, and available asset types may differ from country to country. But in general, it’s safe to say that LimeFx is a trustworthy broker.

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Their Micro Account is amazing and allows clients with smaller banks to test and tweak their strategy on low stakes. I have tried other LimeFxpanies but will now only trade with LimeFx. I find their trading platform easy to use and have never had a bad experience. I have always been treated with respect and courtesy would recommend them 100% to new 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.

Access to innovative and popular social and copy trading features provided by ZuluTrade. However, traders are not permitted to trade from countries like Israel, the USA, Belgium, Canada, and Iran. Since 2010, limefx LimeFx has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients.

Other Important Features

LimeFx has an online application form, which is the standard operating procedure. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFx advice or guarantees limefx scam 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.

The addition of the sophisticated NinjaTrader, APIs and specialist platforms make LimeFx a broker with multiple alternatives depending on individual trader requirements. QuantConnect provides a comprehensive IDE designed by algo traders for algo traders. Built on the Lean Algorithmic Trading Engine, an open source cloud-based trading platform designed in C#. QuantConnect not only provides a design-environment it also connects some of the most sophisticated algorithmic traders in the open-source community together. QuantConnect provides take care of the API integration so that you can focus on strategy development through the use of its back-tester, Jupyter notebooks and in-house research. The range of products available to you will depend on which global entity under the LimeFx Group houses your trading account.

LimeFx Review 2022 – Pros & Cons Revealed

The regulators include the UK Financial Conduct Authority , the Australian Securities and Exchange Commission , and the South Africa Financial Sector Conduct Authority . As you progress with the registration process, you’ll be able to choose your preferred trading software, account base currency, and password. You can change your regular trading account into a swap-free version by filling in a simple application form.

With the TradeStation, you get access to financial news, education and research material, analytics, and professional charting. It is a multi-functional platform that provides any service that a trader needs. LimeFx ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions. They offer traders the possibility to customize trading platforms, and LimeFx grants a free $99 plugin. LimeFx offers floating spreads, but without the price improvement, average ones can be somewhat high.

• The ‘Financial Services Compensation Scheme’ insurance provides additional protection for European clients’ funds .
• Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
• LimeFx is an established and regulated online broker with a superb range of powerful and versatile trading platforms, including FIX API connectivity for institutional trading.
• However, you can get spreads from just 0.0 pips on the raw spread account but that does incur a very competitive $5 round trip commission fee on top.
• Trading commissions and fees at LimeFx are all competitive and fair.

Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more. Capitalise AI platform allows traders to access hassle-free automated trading. The top-rated third-party MetaTrader 4 trading platform is compatible with Mac, Windows, iOS, and Android operating systems.

Technical Levels

I wouldn’t want the broker taking the opposite side of my positions. 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. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx. Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison tableand a provider like LimeFx for advanced traders. A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support.

Also, the broker might not be suitable for futures and options traders due to the lack of these assets. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.

Mobile Trading (App) with LimeFx

The broker has continually invested in advanced technological solutions to help provide clients with good trading conditions. This is evident with the absolutely outstanding range of trading platforms and tools available. The selection really does blow the competition out of the water, most brokers only have a few platforms at most.

It comprises of daily trading signals, technical analyser and trading analytics. In our testing, LimeFx earned Best in Class for its Platforms and Tools, Professional Trading, Algorithmic Trading and Social Copy Trading. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .

Cryptocurrencies

Also, the company is part of a company listed on the Stock Exchange as discussed before. Free research, insights, and strategies outlook, along with greatly designed LimeFx tools with LimeFx Plus, Market Scanner, and Trading signals with technical levels all at your disposal. The fees are either very little or no fees at all depending on the entity. This tool tells you about market sentiment and volatility across different trading instruments. It can be a useful tool to help gauge in which direction the market may be heading.

LimeFx educational resources cover beginner, intermediate, and expert trading education. Moreover, the materials are available in blogposts, PDF documents, e-books, and video tutorials. Also available are free trading courses, webinars, and trading workshops. The workshops take place at LimeFx’s offices in all the jurisdictions of operations.