LimeFx Review year Pros & Cons Revealed

I recommend traders read and understand the terms and conditions before accepting incentives. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of the LimeFx Trading Station platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.

Deposits and Withdrawals

That being said, it is great to see that LimeFx have also included a very generous range of additional tools to help support your day trading activities. You certainly won’t be short of inspiration for trade ideas with this broker. LimeFx offers competitive pricing with average spreads for popular currency pairs such as EUR/USD at 1.3 pips and GBP/USD at 1.8 pips. Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station.

LimeFx Active Trader spreads

Also, MetaTrader 4 users can automate their trading using “expert advisor” or EA software they can program themselves or obtain from third parties. You can choose among the LimeFx Trading Station, MetaTrader https://limefx.group/ 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms. You can also use a social trading platform to copy the transactions of other traders in your own account in real-time.

Regulated By

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 table and a provider like Pepperstone for advanced traders. LimeFx provides traders with its proprietary Trading Station, the MT4 trading limefx reviews platform and ZuluTrade. It also maintains six specialty trading platforms for algorithmic traders and Capitalise AI. 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.

Traders #1 ChoiceECN XL Account

So, whether you’re new to online trading or you’re an experienced investor, LimeFx has customisable account types and services for all levels of retail and institutional traders. LimeFx maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and LimeFx offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. This is perhaps the most widely used trading platform by forex and CFD traders around the world.

1. When trading, you will still need to meet initial margin requirements to open trading positions.
2. In terms of education, LimeFx offers a live classroom, trading guides, speakers, and a video library.
3. Use the Capitalise.ai app to manage your trades on the go; edit, stop or automate new trading strategies, all from your iPhone or Android device.
4. Experienced traders who think LimeFx has sufficient instruments will find no shortage of tools to help them with analysis and charting.

You can find a wealth of educational informaiton on the LimeFx website as well as its YouTube channel. 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. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday.

Therefore, it is imperative to do your own due diligence before copying any traders. Available for both Android and iOS, the copy-trading app enables you to access the markets and manage your account anytime, from anywhere. Trading signals are actionable trade ideas that may be readily applied to the open market. Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading signals for guidance on whether to buy or sell in the live market.

Developers and investors can create custom trading applications, integrate into the platform, back test strategies and build robot trading. These stats show that LimeFx completes your orders with no slippage more than 60% of the time. LimeFx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.

Other than the issues with former U.S. clients, LimeFx has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page. Keep in mind that these are averages, so the spread may be higher or lower at any given point. There is no Zero or ECN account that charges a commission, so all account holders with LimeFx are charged spreads. An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law.

LimeFx also added services by FinTech firm eFXplus, featuring simulation and Forex trading recommendations by sell-side analysts from major banks, Quant models, and insights. LimeFx obtains its pricing from premium liquidity providers which includes global banks and financial institutions. Some of them are Barclays Bank Plc, Citibank N.A, Deutsche Bank AG, Jefferies Financial Services, etc. LimeFx’s price engine examines the price feed from the liquidity providers and selects the best price. What this all means is that you can get your trades execute quickly and at the best available prices at all times. LimeFx states that the advanced trading technology implemented is responsible for providing execution speeds of 31 milliseconds.

Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive. When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market. LimeFx’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics. The broker has 2 support email addresses that give you access to general or account-specific inquiries. You can even contact the LimeFx trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an LimeFx server. Rates, terms, products and services on third-party websites are subject to change without notice.

If you are interested in increasing potential opportunity in the forex, NinjaTrader can help take market analysis and order execution to the next level. 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. They have an abundance of robust trading tools to assist you with analysing the markets in great detail to discover potential trade opportunities. There is a plethora of market research and insights from the experts which can help you to make informed decisions.