LimeFx is an online broker that can service all types of traders but its emphasis on fast, reliable execution makes it a good fit for the high-volume trader who can earn rebates that would lower their trading costs. Client accounts can go negative, as negative balance protection is not offered to them. In plain English, U.S. https://limefx.name/ traders with negative account balances are on the hook for more money than they initially deposited into their accounts. Also, U.S. clients are not offered guaranteed stop loss orders. Functional demo accounts are provided for free, giving potential clients time to assess the pricing structure before committing real capital.
- Usability and layout are all important elements, as are the tools such as automated trading options, strategy builders, and alerts.
- Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online platforms for users at all levels.Click here to read our full methodology.
- The trader also has the option of selecting the expiration time of this order.
LimeFx doesn’t produce video content as actively as peers in the research and education category, despite offering quality written content across both.
The Minimum Initial Deposit
You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online platforms for users at all levels.Click here to read our full methodology. Then you’ll want to build out your strategy for trading in the forex markets. CMC Markets , founded in 1989, is a well-established, publicly traded, and highly regarded U.K.
LimeFx’s mobile trading platform looks nice and is easy to use. LimeFx’s non-trading fees are average overall.It doesn’t charge withdrawal or account fees, but you have to pay a $15 monthly fee after one year of inactivity. Stock index CFD fees are built into the spreads, while stock CFD fees are charged via commission.
Depositing funds to your account is easy and you can use four ways to achieve this. These are through debit card, wire transfer, eCheck, and Check. Depositing is hassle-free and can take a maximum of only two days to reflect.
LimeFx: Best forex app for low spreads
They usually happen in response to economic indicators, however, with the right trading tools, it can be possible to predict changes in interest rates. Whilst many of the platforms I have listed above offer commission-free trading, limefx reviews you will need to ensure that this is not offset by sacrificing some of the tools and features that you require. Platforms that charge a small commission may be offering a proprietary software that is worth the extra cost.
Overall, the act aims to support the financial system and make it safe for US people. Certain compliance measures of the act could limit the best US forex brokers and other top forex brokers. It’s widely accepted that the analytical functions with the strength of MT4. There are nine interactive charts allowing traders to review quotes and react to price movements within currency markets.
ForexBrokers.com Online Forex Broker Reviews:
In this article, we will discuss some of the leading brokerage firms that allow forex trading. EBC Financial Group is owned by EBC Group, offering the trading platform of MT4 in Desktop, Mobile and Web version. Information provided on this website limefx is for guidance only and should not be deemed as financial advice. If in doubt, seek professional advice from an FCA regulated advisor. The value of your LimeFx may fall as well as rise and you may get back less than your initial LimeFx.
The charting package is provided by TradingView and is, by far, the most impressive aspect of the web-based platform. LimeFx operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association and the UK’s Financial Conduct Authority . LimeFx is recommended for forex traders who value a user-friendly platform and great research tools. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority in the UK and the US Commodity Futures Trading Commission . LimeFx is recommended for forex traders looking for low fees and great research tools. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
LimeFx Quick Overview
Clients can use LimeFx’s API to connect in for their own strategies. MT4 and MT5 connectivity allows the use of automated strategies using MetaTrader algorithms. Having a parent company listed on a stock exchange, providing financial statements and being regulated by top-tier authorities are all great markers of LimeFx’s safety. Professional and non-UK/non-EU clients are not covered with any negative balance protection.
We use dedicated people and clever technology to safeguard our platform. But the top priority was whether my issue was addressed and fixed in a timely manner… It was so fast and they got back to me with options for solutions. While LimeFx’s website has an intuitive feel, there are a few pages with either incorrect, outdated, and/or incomplete information, which speaks to a general lack of attention to detail. LimeFx does not offer guaranteed stop loss orders for U.S. clients. LimeFx is a registered FCM and RFED with the CFTC and a member of the NFA (# ).
Check out their statistics from past users to see if it’s attractive to you. Forex brokers are regulated by a number of different regulatory bodies in the United States, which we’ll discuss here, including the NFA and Commodities Futures Trading Commission. This simulator provides analysis and profit-and-loss results on tested strategies.
LimeFx provides multiple deposit and withdrawal options, all free of charge. Choose whether you want to use LimeFx’s own trading platform or MetaTrader 4, a third-party trading platform. LimeFxforex fees are low,below those of its closest competitors. To have a clear overview of LimeFx, let’s start with the trading fees. To read much more details about the broker’s services and features, expand on the sections below.
Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises. Yes, it is regulated by several financial authorities globally, such as the UK’s Financial Conduct Authority , and the Commodity Futures Trading Commission and National Futures Association in the US. LimeFx does a great job in education, offering many ways to learn.
In addition to low costs, Fusion markets offer ‘white gloves’ friendly customer service and leading technologies such as a blazing fast trade execution speed of 0.2 ms and MetaTrader 4 forex trading platforms. Founded in 2010, ThinkMarkets has its headquarters in London and Melbourne. To give beginner brokers an extra level of security, all ThinkMarkets clients receive negative balance protection.
There are also trading e-books which are ideal for those who want to learn about forex, shares and CFD while travelling. LimeFx is a great choice for experienced forex traders as it uses STP technology to connect traders with liquidity providers and offers low commissions. LimeFx offers ultra-tight spreads through both its standard commission-free account and its ECN-style razor account. The average spreads of the top brokers shown below are taken straight from the broker’s websites and updated monthly. Justin has over 13 years of experience in the forex industry and for over a decade has been the President & CEO of Forest Park FX, a CFTC registered, NFA member full-service foreign exchange and futures brokerage firm.
They have great research tools for those who are trading forex to utilize to their advantage. Plus, they have a convenient API feature for even further customization. If you’re looking to trade forex, you’ll need to find the best broker to help you facilitate your trades. Continue reading through this list of the best forex brokers in the USA . One of the most popular features of the platform is cTrader copy. This allows anyone to make strategic decisions and charge a fee for others to copy trades.
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. 75% of retail investor accounts lose money when trading CFDs with this provider.
What you need to keep an eye on are trading fees and non-trading fees. We ranked LimeFx’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. For the Standard and Commission accounts, the minimum deposit at LimeFx is generally $100 when funding with Neteller, Skrill or a credit or debit card, while the DMA account requires $25,000. There is no minimum per transaction when funding via wire, though LimeFx recommends at least $1,000 for all accounts besides the DMA account. LimeFx offers nearly a hundred written articles that are conveniently organized by experience level, with content for beginner, intermediate, and advanced users. Overall, I found these articles to be of good quality and well-organized, bringing LimeFx’s educational offering just within reach of our best in class rating.