Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring https://limefx.biz/ system. LimeFX’s trading platforms accommodate the active day trading professional as well as the occasional longer-term trader. LimeFX offers a well-designed trading space that manages to balance the depth of data with ease of use.
- That said, the material covers all the major topics that a beginner should need to know.
- Since it is an advanced platform, we were impressed by its access to a variety of instruments and derivatives, low forex fees, and reliable trade execution.
- Wire cost me $25 and bank fee of $ that is $43 every time i want a withdrawl .
- If the chat bot is unable to answer your inquiry, it will transfer you to a customer service representative.
- MT4/MT5 algorithmic traders must trade with the expensive commission-free Standard account.
The broker caters mostly to active and high-volume traders, and offers a couple of advanced platforms to suit different activity levels. Traders will have the option to choose between several account types, and over 80 currency pairs, in addition to unleveraged gold and silver in the U.S., and hundreds of CFDs for non-U.S. The broker’s website and trading platforms show market dealing spreads in real time.
LimeFX Review 2022
Download the latest platforms including our desktop trading platform and MT4. Market volatility, volume, and system availability may delay trade executions. Price can change quickly in fast market conditions, resulting in an execution price different from the price available at the time order is submitted.
I complained to the company and regulators because this is unacceptable for a company entrusted with managing peoples’ money. LimeFX, founded in 2001 as part of GAIN Capital Holdings, is an established global online broker that caters to individuals seeking to trade the retail FX and CFD markets. When we tested withdrawal, it took several weeks because we had a problem with credit card withdrawal.
NFA allows fair competition among brokerage firms but all promotional and advertising materials should give information that will not mislead traders. The foreign exchange market industry has rapidly grown in the past decade with the number of traders equally soaring. Moreover, the number of brokers has also increased leading to increased cases of frauds and scams. Potential malpractices and frauds are common in countries with little to no regulations. LimeFX’s platforms are excellent across the board and will enable traders to excel with their advanced tools and functions.
LimeFX Mobile 📱
If you’re not ready, then try our no-risk demo account with $50,000 in virtual funds. On top of that, you can learn the core concepts of trading at our Trading Academy. Seize opportunity wherever you are with our mobile app, complete with one-swipe trading, advanced TradingView charts and real-time trade and order alerts. However, the vast majority of forex trades aren’t for practical purposes. Speculative FX traders seek to profit from fluctuations in the exchange rates between currencies, speculating on whether one will go up or down in value compared to another. The ‘Smart Tickets’ feature enables traders to manage high risk by stopping trades based on market conditions.
- Access TradingView charts with over 80 indicators, Reuters news feeds, behavioral science technology and much more with our web trading platform.
- Forest Park FX’s experienced staff of industry professionals has compiled in-depth reviews of the world’s top Forex brokers to help FX traders make informed decisions when choosing a Forex broker.
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- For this reason, we would like to hear more about your personal experience with us so that we may investigate this further.
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If you’re new to FX trading, you may want to take a look at our guide to FX Trading explained. This article will examine LimeFX, one of the world’s most popular Forex broker platforms. ECN or Electronic Communications Networks -these connect traders in the interbank system and create the link between limefx official site buyers and sellers. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. An author, teacher & investing expert with nearly two decades experience as an LimeFX portfolio manager and chief financial officer for a real estate holding company.
Should you buy your silver bullets on LimeFX?
This lets them amplify profits and make more meaningful trades as a result. LimeFX also charges lower average dealing spreads than many competing brokers, although its spreads are variable, so they can change depending on market conditions. Learn why many traders prefer LimeFX over other brokers in this in-depth LimeFX review. You’re correct in saying that LimeFX is a market maker dealing desk, and thus, we are able to fill your trades instantly. However, after we execute your trade, we either offset your trade in the interbank market with one of our wholesale trading partners or net your position against another customer. Please rest assured that you are not trading against the market maker and we’re not manipulating markets in our favor.
When an alert is triggered, you’ll receive a push notification informing you of a movement or that your order has been executed. LimeFX currently offers 3 customer support contact methods. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. App is a bit laggy and glitchy at times, but has been getting better over the 3 years I’ve used it. I had no problems whatsoever funding my account, the problem was when I tried to withdraw or fund when in a favorable position.
As discussed earlier, forex trading is a bit complicated and tricky, so it requires you to have a thorough knowledge of it before you select a broker. For those who are new to trading forex reviews, nothing could be a better place than LimeFX. LimeFX’s Active Trader Program is available for traders with $25,000 or more in the account or making $25 million trades per month. With this program, high-volume traders can get up to 15 percent cash rebates per one million dollars in trades and other exclusive benefits. LimeFX and its subsidiaries are regulated in 8 jurisdictions worldwide, including CFTC/NFA in the US, IIROC in Canada, FCA in the UK, and CIMA in the Cayman Islands.
Technical indicators and many editing tools, such as Fibonacci retracement and trendlines. US customers are charged with a withdrawal fee if their withdrawal is under $10,000. LimeFXforex fees are low,below those of its closest competitors.
Fees & Spreads 💳
Courses are easy to interpret and follow, no matter your skill level or previous experience. Many courses also include YouTube video tutorials to facilitate your learning process. Best of all, each of the LimeFX courses is totally free — you don’t even need to be logged into your account to begin learning.
- Answer a couple of questions relating to your financial knowledge and trading history.
- It was hard to navigate the platform and it felt too crammed with functions.
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- Market volatility, volume, and system availability may delay trade executions.
- Demo accounts provide traders with a demo account loaded with $10,000 in virtual capital in order to test the platform and try trading strategies risk-free.
Margin or leverage trading has proven to be beneficial for traders with low equity. This is why LimeFX has brought this type of trading on their forex market platform. He’s passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners. Advanced and professional traders can also take advantage of LimeFX’s MetaTrader apps support. MetaTrader is a suite of 20+ apps that deliver high-level, complex control over trading strategies via MT5.
You can contact LimeFX’s customer service pretty quickly and easily through their online chat, or phone support. You’ll also find advanced charting features through an integration with TradingView. There are 10 different chart types, a total of 14 different time frames to choose from, and more than 60 technical indicators and tools.
We would like to request more details regarding your experience, please contact our support team via phone or live chat on our website so that we help address your needs. We appreciate your business and hope you consider our offer to continue this dialogue. Please reach out to us at or send us a message through our chat and provide us with more detail so that we can address your concerns. One downside for American traders is that many top forex brokers are based in the U.K. And simply won’t accept them as clients because of their citizenship. While you may be familiar with many of the brand-name online stock brokers, only some of them deal in forex trading.
Convenient candlestick charting is just one of the features that make LimeFX’s platform informative and easy to use. To find a currency pair using LimeFX’s web platform, just type it into the search bar. Bids and ask rates are laid out clearly and update every few seconds to give you the most accurate quotes possible.