You can open a live forex trading account quickly and relatively easily, where firstly you can sign in for a Demo account and then upon confirmation of your residence and compliance with the application start Live trading. Based on our Expert finds, LimeFx provides great trading conditions for Forex and CFDs. They offer a global platform that is limefx suitable to trade internationally, including European clients as well as beginning traders looking for technical solutions. The company provides global traders with access to the world’s largest liquid market through innovative trading tools, and the support of excellent trading educators while all operating under strict financial standards.
Its main target markets include Europe, Asia, the Middle East, and Africa. 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. Based on our research, we found that LimeFx supports the functionality of Autotrading through market-leading ZuluTrade and NinjaTrader platforms delivering best practices for social trading helping beginners to hone their skills. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.
Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. LimeFx has a knowledge section that consists of research or market analysis tools and education. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions.
LimeFx does not charge any deposit and withdrawal fees for bank transfers, major debit and credit cards, and electronic wallets. Most brokers charge withdrawal fees, and hence LimeFx has a competitive edge in this area. LimeFx’s features include multiple order types, advanced charting applications and a selection of pre-loaded indicators. The platform allows automated trading and can be customised to fit users’ needs. Regarding charting tools, the LimeFx Trading Station provides a powerful charting package known as Marketscope 2.0. Moreover, the mini account is a dealing desk and hence charges fixed spreads with no commissions.
Customer service
If you ever want to share any preferences or suggestions, we’d love to hear you out. Although it took a while to get to the bottom of the technical issues I was having after the LimeFx app was updated, eventually the problem was resolved. Once I understood why it was taking time, then I was happy to wait. Vanya Gencheva and Joseph David both helped to get upscale the problem and the Techies have now solved it and I can trade again.
- Cryptocurrency trading is available at LimeFx through CFDs, but not available through exchange trading the underlying asset.
- It is worth noting that most of the educational materials provided by this broker are only available to registered traders.
- When it comes to crypto, LimeFx bitcoin spreads are among the most competitive in the industry.
- It is exceedingly difficult to breach this trading platform, so I do not advise using it.
- Moreover, it regularly sponsors demo trading contests for traders to challenge and learn from each other.
The commission depends on the currency pair traded, type of trading account, and the volume traded. For the EUR/USD pair, LimeFx charges a commission of as little as £4 per standard round-turn lot. MT4, on the other hand, comes with all features offered by most top-level brokers. Among these are customisable ‘stop loss’ and ‘take profit’ risk management features.
The overall lowest spreads are offered by IC Markets in our head-to-head comparison. 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. While the mini-account pricing is not the best in the industry, the comprehensive educational resources and tools that this broker provides make it a good fit for beginners.
Where is LimeFx Based?
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. Market analysis tools consist of the standard tools most brokers offer. This includes an economic calendar, live forex charts, and the latest market news. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders.
Daniel Velez at LimeFx is my immediate…
It is worth noting that most of the educational materials provided by this broker are only available to registered traders. While basic introductory materials are accessible before registration, most of the advanced materials are only accessible to Standard and Active Trader account holders. With LimeFx, you pay only the floating spread to trade indices and commodities, while enhanced index CFDs allow you to trade without stop and limit restrictions or re-quotes. See below the average spread costs on CFDs, and other fees like funding fees, yet for the most accurate data check the official website or LimeFx platform.
Account Types
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. LimeFx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients. An Interest-free account is targeted at Islamic traders who are forbidden from earning (or paying interest) as it is forbidden by Sharia law. LimeFx add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates.
Their Micro Account is amazing and allows clients with smaller banks to test and tweak their strategy on low stakes. I have tried other Forex companies 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. 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.
We strongly recommend LimeFx broker for both beginner and professional traders. Seeing that the broker has suitable and favorable offers for both trader categories, all clients can benefit by signing with LimeFx. The LimeFx LTD is headquartered and regulated in the UK by the Financial Conduct Authority. Besides all the benefits provided by this broker, we noticed that the range of instruments offered might be not enough for some traders, also the availability of certain assets depends on the entity. Best broker customer support answer right away best broker in the business zero commission no fees low spreads the best.
Platform Info
This broker also provides a comprehensive and well-organised FAQ page. The FAQ covers topics from basic to the most advanced, including matters relating to tax. Moreover, the page comes with a search box to help users navigate easily. As mentioned earlier, LimeFx provides a dedicated account manager to guide beginners in the first stages of trading. LimeFx educational resources cover beginner, intermediate, and expert trading education.
The Standard and Active Trader account apply the STP+ECN by charging a floating spread plus a commission. As mentioned above, the average spread for the EUR/USD pair through the standard account is 1.3 pips. The Active Trader account, on the other hand, has an average spread of 0.7 pips for the same pair. The range of products https://limefx.biz/ available to you will depend on the entity of your trading account. Cryptocurrency trading is available at LimeFx through CFDs, but not available through exchange trading the underlying asset. There is a single account at LimeFx you are able to trade a range of trading instruments that are included in the offering.
67% of retail investors 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 money. CFD spreads also differ with the instrument traded and the type of account. The average spread for S&P 500 CFD through the Standard and Active Trader accounts is 0.38 pips.
