The third parties which hold LimeFx client funds have credit ratings that are equivalent to the Credit Quality Step 5 rating from the FCA. Additionally, LimeFx takes care when selecting these third parties and periodically reviews them. The SSI is also an interesting tool but is not clear if the index is referring only to LimeFx’s traders or to more data sources. As we mentioned before, there is no dedicated area for the charts, but if you do build a layout that includes just a big chart, then you’ll have created your fullscreen trading area. On their standard configuration the first thing that you’ll notice is the trading charts and the dealing rates at the right side. Then, the next block will be the portfolio section in a compact full-width format where each tab gets you access to whatever you need.
LimeFx research tools
- Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx.
- All three account types are covered by LimeFx’s 24/5 support and trading resources.
- The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
- LimeFx does not charge any commissions for most accounts, instead, the broker relies on spreads and other methods to make a profit.
- 66% of retail investor accounts lose money when trading CFDs with this provider.
- LimeFx offers multiple payment methods, regardless of where in the world you live.
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. He has also published a book in 2023 on on investing and trading.
Trading and Investment Tools
Tier 2 Active Trader account is reserved for users who trade in volumes exceeding $150 million per month. Here, the commission rate is $25 per million and there are also other smaller discounts for Active Trader account users. The company is regulated by the aforementioned tier-1 regulators and is considered a low-risk broker. Things are looking good for the future reputation of LimeFx, but it will be a while before it is completely healed. This happened because LimeFx had a relationship with an important market maker at the time. This concealed relationship led to a conflict of interest between LimeFx and its users, which resulted in users losing money.
I lost connection to my trading…
As you review LimeFx’s research tools, you will find there is a vast range available. There is an economic calendar, a Global Market News page, Live Forex Charts, and a Market Scanner. To help you perform technical analysis, you can also make use of trading analytics and trading signals. Overall, LimeFx provides you with plenty of tools to help you make smarter decisions.
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While you will occasionally need to make extra clicks to access information, all information is visible on the mobile version of the website. The stock baskets from LimeFx represent global shares, allowing for diversification to help with risk management. LimeFx offers six of these stock baskets, including BIOTECH, CANNABIS, CHN.ECOMM (China Commerce), CHN.TECH (China Tech), ESPORTS, and FAANG.
LimeFx review – Customer Services and Support
There is no Zero or ECN account that charges a commission, so all account holders with LimeFx are charged spreads. The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts. The only issue with Trading Station is that it is built on Adobe Flash, which can lead to the need for Flash updates https://limefx.group/ as well as some support issues. You also cannot use the research function within the platform, requiring traders to go between the platform and a browser. To make up for this, the platform is available in your choice of 14 languages. LimeFx is an internationally regulated broker, but you should make sure that it’s regulated in .
LimeFx baskets are like indices — a basket indicates the performance of a group of products on the market on which traders can bet on. There are five main products to trade as contracts for difference (“CFDs”). With CFDs, the traders buy and sell assets without actually holding or owning the instrument. Visit the Forex Video Library to find videos on how to use the various platforms available with LimeFx. You will find videos outlining basic as well as advanced features offered by the platforms. Additionally, you can trade the CryptoMajor basket, which features five important cryptocurrencies, allowing for risk management.
There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts 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 your money.
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 limefx reviews progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. 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.
There are also recorded videos from past seminars so that you can catch up in your own time. There are several handy trading guides that are meant to teach new traders about trading online and the markets. These articles introduce them to forex trading starting with terminologies, basic concepts, indicators and trading strategies. Also, there are articles explaining the roles of G20, OPEC and IMF. A glossary of over 45 relevant trading terms is available on the website. Forex trading ‘A to Z course’ is available to account holders upon request.
Trading Station web is very stable and mostly runs without a hitch. The broker customer support is provided in various languages and available 24/5. They can be reached via many phone numbers listed on the website for different countries.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. 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. Pricing with LimeFx is reasonable, although not the best you will find. 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.
I wouldn’t want the broker taking the opposite side of my positions. Forex Capital Markets (LimeFx) is an award-winning and leading provider of online foreign exchange (FX) trading, stocks, CFD trading, Cryptos, and related services worldwide. The broker was founded in 1999 with a mission to provide access to the financial markets via innovative tools and superior trading conditions. I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis.
You can find the latest up to date list on the brokers website. If you find that they cannot accept clients from your country for whatever reason, please feel free to peruse our broker reviews for an alternative option. 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. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. The changes are called slippage and can be positive or negative.
These are Bitcoin, Etherium, Litecoin, Ripple, and Bitcoin Cash ABC. Spread pricing data is available on the spreads cost page on their website. There are no side-by-side comparisons to help users determine the real cost of the trade, though. This lack of data is a potential deterrent for traders, but it is by no means a huge concern. LimeFx has low trading costs overall and no withdrawal, account, or deposit fees.
The addition of this platform is a great boon for tech-savvy traders with an interest in algorithmic trading. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. With LimeFx’s Market Scanner, you get a quick way to screen Forex and CFDs using the technical parameters you like best. The market scanner will then give you the five strongest signals based on your preferences.
Deposits are always free of charge and are typically available in your account instantly. Withdrawals are also relatively fast compared to other brokers, which is why our experts think LimeFx passed this part of the review with flying colors. Most LimeFx accounts are available with a EUR or USD base currency, yet Australians can also open AUD and NZD accounts. As you review LimeFx’s fees and commissions, you will notice that the broker is highly competitive in this area. Spreads¹ for the EUR/USD start at 1.3 pips as per LimeFx’s spread report (Q1 2021), and there are no fees for deposits or most withdrawal methods. LimeFx does not charge commissions² either, and pricing is clear and reliable.
