A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative https://limefx.club/ AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday.
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High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be… 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.
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- Average spreads at LimeFx are more favorable for active traders or clients residing in the EU, U.K., or Australia.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- LimeFx is one of the forex platforms with the longest histories, providing a reputation of reliability.
- That being said, LimeFx does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices.
- LimeFx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx. Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.[24][25][26] In its IPO prospectus, LimeFx described its no dealing desk trade execution.
Offering of investments
Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. LimeFx does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices.
Tradable assets
Founded in 1999, London-based Forex Capital Markets or LimeFx is a major international online forex and contracts for difference (CFD) broker that also provides spread betting and related services. The broker offers its clients innovative trading tools, proprietary data and premium educational resources. LimeFx is one of the forex platforms with the longest histories, providing a reputation of reliability. It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms. Apart from all those options, there are numerous advanced tools available.
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The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research. LimeFx also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android. LimeFx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs. If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month. 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.
The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought…
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. 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.
The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates FOREX.com, so U.S.-based traders might consider using that broker instead. The broker’s intuitive and easy-to-navigate website provides all the information you’ll need to open limefx website an account and begin trading in several markets. You can also open a demo account to test the broker’s services and platforms before committing any funds. Also, institutional investors, retail brokers, emerging market banks and hedge funds can take advantage of LimeFx Pro.
The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them. 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.
No, but you can trade CFDs on major stocks through an online broker like LimeFx. LimeFx’s pricing for forex trading is slightly higher than the industry average. 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.
There are abundant support resources online and on the LimeFx website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for LimeFx’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom. Despite originally opening in the U.S., LimeFx is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale.
Even just the proprietary platform, Trading Station, has advanced features that set it apart. LimeFx will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think LimeFx has sufficient instruments will find no shortage of tools to help them with analysis and charting.
LimeFx is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for LimeFx and up to GBP 85,000 if the custodial bank fails. 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. There are two major types of accounts offered by LimeFx, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000.
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. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.