Please be aware that this might heavily reduce the functionality and appearance of our site. Take note that LimeFx customers are expected to set up tight access to the platform when an account is limefx courses scam registered. If you are trading higher amounts like £500,000 regularly, strengthening the security level of the account is advised. So, go further to sign up for a virtual private server (VPS).
We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us. We compared LimeFx’s fees with those of Forex.com and Pepperstone, two similar brokers selected by our analysts. This selection is based on objective factors such as products offered, client profile, fee structure, etc.
- LimeFx list statistic regarding their performance when it comes to execution and slippage.
- Its success is based on offering clients a top-grade trading experience particularly in terms of the trading platforms.
- To analyze the risk involved and to minimize it, we recommend users first try the demo account rather than starting with real-time trading.
- LimeFx offers multiple account types and trading platforms, including MT4, Trading Station, Ninja Trader, TradingView, and Speciality platforms, with top-of-the-line liquidity.
LimeFx users can buy and sell 40 different currency pairs including majors, minors, and exotics. These include AUD/CAD, EUR/JPY, GBP/JPY, USD/JPY, EUR/USD, USD/TRY, just to name a few. We are happy to hear you are enjoying our service and we are looking forward to many more positive moments in the future.
Account types on LimeFx:
This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets. 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. It means a lot to know that our platform meets your trading needs and that you are satisfied with the provided support! In any case, if you ever want to share any feedback, our team would be more than happy to hear you out.
LimeFx complies with the ESMA regulations, and it is also in adherence to the MiFID requirements (Financial Instruments Directive). LimeFx Markets Limited (“LimeFx Markets”) is incorporated in Bermuda as LimeFx Markets does not require a financial services license to operate its products or services. After the submission of the online form, the LimeFx team will verify the user details. And once this is done, the registered users will receive an email sharing their MyLimeFx username and password. 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. From the moment you submit and confirm the request to withdraw money from your account the accounting department typically processed and confirms withdrawal within 2 business days.
Once you pass this hurdle, it works as a basic, bare-bones search field, with no predictive input or any other features. We tested the credit card withdrawal and it took more than 3 business days.
Nevertheless, allow your payment provider to add on some working days to process the transaction as well. Further on, when you wish to withdraw funds, you may use the same payment methods. There are no fees for withdrawals by credit card or debit card, however, a $40 withdrawal fee will be charged for international Bank Wire requests. However, this is defined according to the LimeFx’s entity, likewise, UK and EU clients would need GBP300 at the start. Our experts find FLimeFx a highly reputable broker since it’s authorized and regulated by some of the most rigorous regulators FCA and ASIC. It is considered low risk since these regulators offer compensation schemes and secure transactions.
This simplified trading process makes the platform a great tool for beginner traders. LimeFx, also known as Forex Capital Markets, is a global forex provider trading with various LimeFx entities in the UK, Europe, Australia and South Africa. Our LimeFx review concluded that LimeFx has a simple but helpful account type structure, average spreads, a hybrid trading execution model and a good range of trading platforms. As per our findings for this review, LimeFx (Forex Capital Markets Limited) has reliable third-party trading platforms.
When it comes to placing order types this is a straightforward process that mirrors the web platform. The entry/maintenance margin is the initial deposit set aside as collateral in order to open and maintain a position. To find the exact amount of required margin to open a position, simply check under the MMR column on the Trading Station platform. Your trust and strong support have made our day, Cec Collins! Although it soon became the largest retail Forex broker globally, due to certain regulatory issues, LimeFx’s US operations were permanently banned in February 2017.
LimeFx User Benefits
The number of tradable assets available is quite limited when compared to other brokers who offer thousands of assets, such as IG. I also found them not to have the lowest spreads which may be an issue if you are scalping. FOREX.com, registered with the Commodity Futures Trading https://limefx.vip/ Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive.
Alternative Brokers
If you want to trade assets other than forex, LimeFx also offers CFD trading in shares, metals, oil, commodities, indices and cryptocurrencies. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. 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. To provide this service to its clients, LimeFx has teamed with two well-known VPS providers. You can also get a free VPS from other brokers including Key to Markets.
LimeFx Plus
It also has almost as many charting and drawing tools as the desktop version, and a clean, intuitive interface. Trading Station web is very stable and mostly runs without a hitch. Setting up an account with LimeFx is to be recommended as it is an opportunity to keep up with a broker offering the latest features in a particularly user-friendly way. The cutting edge feel of some of the tools coming from the broker’s exposure to institutional grade clients. The Trading Station visuals carry over very well onto the smaller screen. This is partly due to the site requesting users to select preferred formats prior to the account being set up.
The ban was imposed as part of the settlement with CFTC (Commodity Futures Trading Commission). LimeFx Group (LimeFx LTD) has been in the commodities and currency trading industry since 1999. LimeFx is presently owned by Jefferies Financial Group, which is listed on the New York Stock Exchange. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees 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.
This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. The broker provides a Python wrapper that integrates seamlessly with Jupyter Notebook. In addition, LimeFx also gives real-world examples of how to use LimeFx data to develop and test strategies on popular platforms such as BT Analysis, QSTrader, Zipline, and QuantConnect. You can choose cryptocurrency, bank transfers, electronic wallets, debit, and credit cards. So, any trader trading on LimeFx can choose their desired payment method.