Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an LimeFx subsidiary outside of the United Kingdom. The range of markets available with LimeFx is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices. These stats show that LimeFx completes your orders with no slippage more than 60% of the time.
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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 2024 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools. New traders can benefit from LimeFx’s extensive video library, helpful educational resources and support for copy trading, while more advanced traders can take advantage of the broker’s algorithmic trading and API options.
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If you want to find information on Forex brokers, read along to determine if LimeFx is the right Forex broker for you. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
LimeFx Trading Station
The 1st tier ranges from $10 to $25 million traded per month and pays $5 per million, while the 5th tier pays $25 per million if you traded a minimum notional amount of $300 million per month. LimeFx offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call LimeFx, there are 42 country-based numbers one can call from. LimeFx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
- 39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices.
- Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
- 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.
- This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms.
- New traders can benefit from LimeFx’s extensive video library, helpful educational resources and support for copy trading, while more advanced traders can take advantage of the broker’s algorithmic trading and API options.
Leverage in the UK, Europe and Australia
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. 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.
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Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds. 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. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. You can choose among the LimeFx Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms.
Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. 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.
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. The range of products 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 43 forex pairs, LimeFx offers exchange-traded securities across 43 exchanges in Europe, North America, and the Asia-Pacific region. The following table summarizes the different investment products available to LimeFx clients.
You can also open a demo account to test the broker’s services and platforms before committing any funds. Also, institutional investors, retail brokers, emerging market banks and hedge funds can take advantage of LimeFx Pro. This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets.
All CFD option is commission-free, which means costs are included in the spread. LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, limefx scammers European, Australian or South Africa entity. An LimeFx dealing desk determines the best execution means which can result in LimeFx acting as a market maker or using a dealing desk. Yes, based on your detected country of FI, you can open an account with this broker.
When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. The majority of clients will use their Standard Account, which is designed for retail traders’ https://limefx.club/ high volume traders will prefer their Active Traders account to save on costs. Other account types available include an Interest-free account, which is designed for Swap Free Islamic Accounts who can’t pay swaps. 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.
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. Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay. While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. LimeFx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LimeFx YouTube channel.
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. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools. LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs.
The overall lowest spreads are offered by IC Markets in our head-to-head comparison. LimeFx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs. If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month. 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.