These unique markets then, and the solid range of forex pairs, make LimeFX a good choice if you are looking for market variety. These include the fact they are no longer regulated in the US as well as the fact their asset selection is a little limited compared to many of the top brokers. For deposits, LimeFX supports Visa, MasterCard, and Discover cards, bank wire, and some e-wallets (Neteller, Skrill, Union Pay). Credit card and e-wallet deposits are usually credited to your account instantly, while wire transfers take from one to five business days to complete.
LimeFX Review
If you want access to crypto markets, you will need to sign up for an LimeFX subsidiary outside of the United Kingdom. LimeFX standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. When comparing the spreads to limefx review other brokers, LimeFX at first glance appears to have only average spreads. The broker customer support is provided in various languages and available 24/5.
Is LimeFX mobile compatible?
However, the Active Trader account offers tiered commissions with potential savings for high-volume traders. LimeFX offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call LimeFX, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela.
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. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. Our review of LimeFX found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms. It is great that LimeFX does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti Money Laundering (AML) procedures, LimeFX does not accept cash deposits.
Raw Account Spreads
Only the St. Vincent and Grenadines subsidiary supports them all, while other branches offer have fewer options. 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. I like that LimeFX invested heavily into its algorithmic trading environment, and I rank it among the industry leaders in this category. LimeFX has a knowledge section that consists of research or market analysis tools and education. If you prefer to place orders by phone, LimeFX offers a trading desk line that can be handy should you experience an interruption in your internet connection.
Among them are LimeFX’s flagship Trading Station Desktop, Mac-friendly Trading Station Web 3.0, mobile platforms, and MetaTrader4 for those who use Expert Advisors. With that said, most retail traders will only regularly trade a small selection of currency pairs. For that reason, I don’t mark brokers like LimeFX too harshly for the more limited offering – as long as your preferred pairs are on the list, you should be fine. Since 1999, LimeFX, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited (“LimeFX”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally. Finally, some of LimeFX’s educational content is only available if your balance exceeds certain minimum thresholds.
- LimeFX is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView.
- In our 2024 Annual Awards, LimeFX finished Best in Class for its excellent Platforms and Tools.
- There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit.
- 64% of retail investor accounts lose money when trading CFDs with this provider.
LimeFX is an established and regulated online broker with a superb range of powerful and versatile trading platforms, including FIX API connectivity for institutional trading. They have an abundance limefx scam of robust trading tools to assist you with analysing the markets in great detail to discover potential trade opportunities. There is a plethora of market research and insights from the experts which can help you to make informed decisions. So, whether you’re new to online trading or you’re an experienced investor, LimeFX has customisable account types and services for all levels of retail and institutional traders. Founded in 2003, NinjaTrader offers software and brokerage services for active traders.