It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident. The excellent range of trading platforms already come fully loaded with more trading tools than most of you will ever need access limefx scam to. There is everything you need for conducting detailed market analysing and managing trades effectively. Not to mention, you can get a practically endless number of add-ons for the platforms to further enhance your trading possibilities. You can even develop your own if you have the programming skills to do so, or hire a freelancer to bring your strategy to life.
LimeFx Mobile App
When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads. LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. If you are a high-volume investor, then the Active Trader account may be for you. This account offers LimeFx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. Trading with a regulated broker will limit the potential for fraud and malpractice.
Mobile Trading
TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading. You can perform distraction-free trading and investing, with more charts, intervals and indicators. The broker provide access free of charge when you open an account with them. 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.
First Deposit Bonus
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 Pro offers wholesale execution and liquidity solutions for retail brokers, hedge funds and emerging market banks. Their relationships with tier 1 banks and non-bank liquidity providers, prime broker relationships, and technology vendors can provide customers with market access on an unrivalled scale. 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. 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.
LimeFx Range Of Markets (CFDs & Forex)
Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. This is a marketplace where platform tools can be bought or acquired for free.
- To assist with these strategies, the platform includes equity and balance charts, trade histories, detailed performance summaries, and visual representations of the trades plus a strategy optimizer.
- Beginning traders can also access various options to help them learn and enhance their trading skills.
- LimeFx offers hundreds of trading instruments on its platforms, covering various asset classes.
Regulated, Transparent and Fair Trading
Apart from all those options, there are numerous advanced tools available. 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.
TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. For all of our broker reviews, we research, https://limefx.club/ validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This is a set of quality tools designed to assist you with your trading activities. It comprises of daily trading signals, technical analyser and trading analytics.
It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools. This is LimeFxs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. Since 1999, LimeFx, has been a pioneer in developing online forex offerings for retail traders.
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. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. Since 2010, LimeFx has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients.
LimeFx has a knowledge section that consists of research or market analysis tools and education. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. 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.
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. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers.
This is the mobile version of the proprietary Trading Station platform. The trading apps can be downloaded from the Google Play store or Apple store. The Trading Station Mobile platform lets retail traders quickly and easily access the forex market. Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices.