You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts. You may also be charged a commission for currency exchange by your debit or credit card provider and can find out more from your bank or card provider. LimeFx is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs.
The mobile trading platform does a good job of offering most features of Trading Station and MetaTrader 4 (MT4). Of course, the smaller screens of mobile devices mean it’s essential to keep scrolling between screens and using the tabs located at the bottom of the screen. Live traders can access real-time updates and alerts to inform their trading, while the LimeFx analytics offers a great deal of insight and analysis into trading habits. The knowledge base features video tutorials as well as traditional written content.
Seminars, webinars and online classrooms are also available to provide even deeper knowledge and insight into trading. New traders may benefit from opening a Demo account to learn more about forex trading without risking their own cash. Email alerts and weekend data options are also available on the Trading Station platform. While the automated MT4 platform has the advantage of Expert Advisers to inform all trades. Charting tools offer experienced traders all the technical abilities required for analysis and are also available on mobile devices. You can also access hundreds of different free apps to inform your trading strategies from the LimeFx catalogue.
This Forex Capital Markets (LimeFx) review gives a comprehensive but succinct overview of the LimeFx forex, spread betting and CFD trading platform. Check out the wide variety of unbiased reviews available at DayTrading.com to discover more about some of the other popular brokers. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, LimeFx is a popular choice. LimeFx holds all retail client funds in segregated global bank accounts which cannot be accessed by creditors if the business were to go bust. Clients could also be eligible for compensation up to £50,000 in certain circumstances.
2014: Legal issues and initial public offering
The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets. This means it’s important for traders to be familiar with all features of the mobile trading platform prior to using mobile devices regularly on their site. Clients can also engage in social and copy trading through the popular ZuluTrade platform. Users can automatically mirror the positions and strategies of other traders in their own accounts. LimeFx lists signal providers based on performance, risk appetite and trading strategy. Some of the popular currency pairs traded on LimeFx are EUR/USD, where you can get low spreads of just 0.78 pips and GBP/USD with available low spreads of 1.35 pips.
- Traders of all kinds place a good deal of trust in this brand; however, it’s important to note that all trading is at your own risk, so leverage used should be planned carefully.
- It’s relatively easy to open an account with LimeFx straight away and the trading platform is available for desktops, laptops, Macs and mobile devices.
- The broker cut its fees in 2022, offering reductions of up to 54% on some forex assets and indices.
- Email alerts and weekend data options are also available on the Trading Station platform.
LimeFx don’t really offer promotional deals on their site; however, the vast range of free apps is a useful incentive for traders. One important factor to note is that when you request debit/credit https://limefx.group/ card withdrawals you are only allowed to withdraw the total amount originally deposited. Larger sums need to be withdrawn via an alternative means, such as bank transfer.
CFD Trading Details
Traders of all kinds place a good deal of trust in this brand; however, it’s important to note that all trading is at your own risk, so leverage used should be planned carefully. These combine to make the mobile trading experience a little slower and LimeFx does highlight that mobile trading can carry greater risks of order duplication or price latency. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
You can also use any of the above methods for withdrawals and simply need to click on Withdraw Funds in the MYLimeFx dashboard. Algorithm trading is available for customers who prefer to automate their strategies. LimeFx offers a strong suite of shares from US, UK, Hong Kong, Australia and Europe. We particularly rate the commission-free pricing model and that you can scale positions in increments of 1/10th of a share. This website is using a security service to protect itself from online attacks.
The broker aims to offer some of the cheapest spreads on the market and cuts its prices for active traders or institutional investors. The LimeFx Trading Station platform is available for desktops, in web format for Macs, and for mobile devices. It is a powerful platform and mobile users limefx reviews benefit from quick and easy access to global forex markets from any WiFi enabled location. You can download the Trading Station app from the Apple App Store or Google Play. LimeFx was founded in 1999 and offers global traders opportunities to access the most liquid markets in the world.
Login into MyFXTM, the trusted client portal for FXTM traders for over 10 years. Trade and invest in Forex, CFDs and stocks.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. LimeFx also have offices in a variety of global locations, including Berlin and Sydney.
The broker cut its fees in 2022, offering reductions of up to 54% on some forex assets and indices. You can find out more about pips and forex trading in our in depth forex guide. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. You can choose which platform you want to use for Demo trading, and all the education and tools available to regular traders can also be utilised.
Opening An Account
LimeFx does not charge for any type of fund deposits and standard traders are not charged commissions on trades. Their charge is levied across the spread cost which is calculated automatically when trades are executed. An overnight cost is also applied for any positions which are held at 5pm Eastern US time (which is around 10pm UK time). The LimeFx Pro account is available to small hedge funds, retail brokers, and new market banks to access wholesale executions.
Clients trading a minimum of £500,000 monthly can also enhance security further by registering for a virtual private server. One major benefit of trading with LimeFx is its wide range of educational features. Most of these are discussed above, but the site also offers a live classroom environment and a video tutorial library. So anybody looking to develop in-depth learning will have their needs met on this site.