While the interface seems dated, asset browsing is set as the default homepage and traders can execute contracts in just a few clicks. More, the top bar shows which trading server traders are connected to, as well as a customizable layout setting. LimeFx.com has a very clear step-by-step breakdown of each deposit method with screenshots to which traders can refer to when making their first deposits. LimeFx also offers an API product under ‘LimeFx Pro’ aimed at institutional clients wanting to exercise wholesale trading execution. On November 10, 2017, Global Brokerage Inc., a publicly-traded company on the US NASDAQ exchange, announced a reorganization bankruptcy plan under Chapter 11. Global Brokerage Inc., through a subsidiary, owns a majority stake in LimeFx.
- The broker offers a variety of platforms to trade on, including MetaTrader 4, NinjaTrader, ZuluTrade, and the Trading Station Mobile App for iOS and Android users.
- LimeFx provides a respectable variety of market research from a combination of in-house content and third-party materials.
- LimeFx’s users will continue using the platform, while Tradu will operate as a new multi-asset offering with integrated banking and payment solutions.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
On its website, the platform only registers interested traders and investors with basic information for future correspondence. LimeFx’s users will continue using the platform,
while Tradu will operate as a new multi-asset offering with integrated banking
and payment solutions. Tradu will be available in the United Kingdom in December and then focus on global expansion over the consecutive months. LimeFx’s users will continue using the platform, while Tradu will operate as a new multi-asset offering with integrated banking and payment solutions.
If traders want further customization, they can develop their own tools. LimeFx allows users with programming experience to build their own custom features using the firm’s API. The LimeFx Trading Station platform is designed to appeal to many types of traders. 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.
Mobile trading apps
This lets you assess the broker’s research and educational resources and practice trading. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- With CFDs, the traders buy and sell assets without actually holding or owning the instrument.
- Yes, based on your detected country of NL, you can open an account with this broker.
- Forex baskets track the performance of a chosen major currency against a grouping of other world currencies, thus creating an index to speculate on.
- The main differences between the active trader and professional accounts are outlined below.
- Generative AI tools are not a part of our content creation or product testing processes.
Price could fall to our buy entry at 0.5954, which is an overlap support level, aligning with the 78.6% fibo retracement and 100% fibo projection. Our stop loss is at 0.5935, which is below the swing low support level. https://limefx.biz/ High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level… Price could bounce off our buy entry at 0.9634, which is a swing low support level, aligning with the 78.6% fibo retracement.
Supported Trading Platforms
The 1st tier ranges from $10 to $25 million traded per month and pays $5 per million, while the 5th tier pays $25 per million if you traded a minimum notional amount of $300 million per month. LimeFx’s pricing for forex trading is slightly higher than the industry average. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. The time it takes to withdraw your funds depends on the state of your account and the payment provider you use.
Previous Regulatory Issues with the NFA and CTFC
LimeFx accepts traders from the UK, Australia, France, India, Israel and many other countries. But finding a good Forex broker can be difficult because there are so many to choose from. If you want to find information on Forex brokers, read along to determine if LimeFx is the right Forex broker for you. Yes, based on your detected country of NL, you can open an account with this broker. LimeFx offers a selection of learning resources to help get you started. Traders who use excessive leverage may be at risk of a margin call and having their positions closed prematurely by LimeFx.
Margin Requirements
More, the mobile app offers a top bar statistics toggle which users can tap to switch on or off — this is the simplified equivalent of the top bar on the desktop platform. LimeFx doesn’t offer fixed spreads, so traders need to visit LimeFx.com to get up-to-date information on the current average spreads. LimeFx baskets are like indices — a basket indicates the performance of a group of products on the limefx company reviews market on which traders can bet on. LimeFx also allows traders in the UK and Ireland tax-free, leveraged spread bets on the currency pairs. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. No, but you can trade CFDs on major stocks through an online broker like LimeFx.
It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. The range of products available to you will depend on which global entity under the LimeFx Group houses your trading account. The following table summarizes the different investment products available to LimeFx clients. The marketplace offers apps for fundamental traders, trend traders, and range traders among other categories.
Is LimeFx safe?
You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). LimeFx provides a respectable variety of market research from a combination of in-house content and third-party materials. Overall, LimeFx’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category.
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. 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.
The new offering doesn’t aim to push customers towards
higher-margin instruments but rather to facilitate trading across a wide range
of assets. It focuses on providing access to various markets and essential trading tools. The new offering doesn’t aim to push customers towards higher-margin instruments but rather to facilitate trading across a wide range of assets.