LimeFx Review 2023: Pros, Cons, Fees & Features

LimeFx maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and LimeFx offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. Since LimeFx houses a prime brokerage unit, research and education are available for all clients. Besides an incredibly detailed economic calendar and third-party market news, LimeFx Plus provides traders with exclusive trading signals free of charge for all live account holders.

LimeFx Fees and Spreads

The minimum deposit for a live account is 50 of the account’s base currency, which is relatively low and attainable for both beginner and more experienced traders. Opening a live forex trading account with LimeFx is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. 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.

LimeFx Alternative Brokers & Comparisons

This simplified trading process makes the platform a great tool for beginner traders. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Other account types available include an Interest-free limefx forex broker account, which is designed for Swap Free Islamic Accounts who can’t pay swaps. LimeFx clients will have access to the client service portal through their live trading account credentials. LimeFx offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller.

What type of spreads applies to LimeFx?

They serve as valuable resources for traders looking to make informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers. The wide selection of powerful trading platforms is one of the biggest selling points of LimeFx for me. These include the brand’s proprietary Trading Station as well as the popular MetaTrader 4, TradingView, and Capitalise.ai.

1. 39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices.
2. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it.
3. If you wish to call LimeFx, there are 42 country-based numbers one can call from.
4. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
5. However, the broker faced several challenges over the past decade, notably when the Swiss National Bank (SNB) lifted the peg on EUR/CHF in 2015, causing a loss of $225 million.

Deposits & Withdrawals

However, more competitive pricing is available via the Active Trader account. However, the broker faced several challenges over the past decade, notably when the Swiss National Bank (SNB) lifted the peg on EUR/CHF in 2015, causing a loss of $225 million. When trading with a broker authorized by the FCA, client funds are also protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects investments of up to £85,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.

Does LimeFx operate a bank?

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. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

This includes an economic calendar, live forex charts, and the latest market news. The LimeFx Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic https://limefx.biz/ trading solutions. This broker also provides market data, further supporting third-party automated trading solutions. Entry-level data is free of charge, while premium data comes at a (reasonable) price.

A trader will get a deposit bonus of up to $300 and to avail of the bonus, all you need to do is to open an account and deposit at least $50. LimeFx broker offers bonuses in the form of either Rebates or Special offers. But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300. And the relaxing thing is your deposit will not be affected by additional charges or Taxes.

Liquidity providers are often banks and large financial institutions. Prices come directly from a number of different liquidity providers and the LimeFx matching algorithm displays the best bid and offer prices available at any given time. The MetaTrader 4 mobile app also provides a broad range of order types including pending and stop orders.

As well as priority support, market depth is stronger with multiple levels of liquidity at each price, offering useful information for high-frequency traders. 73% of retail investor accounts lose money when trading CFDs with this provider. When it comes to forex trading, compliance and regulation are of utmost importance.

It was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients. LimeFx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.

All trading platforms fully support algorithmic trading, and LimeFx provides four free APIs to developers on top of a wide selection of third-party plugins. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it. Education is also taken very seriously with daily webinars and an excellent selection of very well-written content. LimeFx shines with its broad range of trading platforms and tools for advanced traders and strategy developers. As an innovator in retail forex trading with over 20 years of experience, this broker also has an industry-leading range of research and educational resources.