Open A Forex Trading Account

Fortunately, LimeFX spreads are competitive across all account types and asset classes, and you can even benefit from discounts should you open an Active Trader account. There are 11 educational articles on trading strategies, with topics such as safe-haven assets and collar strategy. The 11 articles on forex indicators include topics like the parabolic SAR and the Donchian channels indicator. In addition to news features built into the various trading platforms, LimeFX has a Global Market News page on its website, where you will find detailed explanations of the latest global news. Most of these articles are from FXStreet, a well-respected source of news in the industry. For faster search results, all articles also feature tags with categories.

• The LimeFX customer support team is also very helpful and knowledgeable, giving you peace of mind should anything ever go wrong.
• Refco took a 35% stake in LimeFX and licensed the LimeFX software for use by its own clients.
• LimeFX Group has been in the commodities and currency trading industry since 1999.
• Right on the screen of your device, the website can be easily navigated, and there are tabs to help you get easy access to any feature you intend to operate on.
• In 2003, LimeFX expanded overseas when it opened an office in London which became regulated by the UK Financial Services Authority.

Such a professional attitude further establishes the fact that LimeFX is a trustworthy broker that’s worth trading with. Each has its own article with descriptions that are several hundred words on average. The indices available on LimeFX include those in AUD, USD, EUR, Yen, and HKD, offering plenty of diversification.

Are Fees At LimeFX Competitive?

However, if you want to diversify your portfolio, you can also trade cryptocurrency, index, commodity, share CFDs. Note, however, that the availability of these instruments is subject to regulations. You can also open limefx website a demo account that has a virtual balance of 20,000 USD and offers you all the tools you’d get in a live trading account. This allows you to put your new knowledge into practice, without risking your own money.

Once the request is processed, it takes a few more days to get credited to the user’s bank account. LimeFX complies with the ESMA regulations, and it is also in adherence to the MiFID requirements . LimeFX Markets Limited (“LimeFX Markets”) is incorporated in Bermuda as LimeFX Markets does not require a financial services license to operate its products or services. LimeFX customer portal provides an analytical report in the account summary section where the users get handpicked trading analytics reports based on their trading practice and preferences. Access to the in-house trading platform along with third-party algorithmic platforms. Supports CFD and Forex trading along with spread betting across many markets.

Other Important Features

5Cryptocurrency products are currently unavailable for retail clients residing in the UK. As you review LimeFX’s research tools, you will find there is a vast range available. There is an economic calendar, a Global Market News page, Live Forex Charts, and a Market Scanner. To help you perform technical analysis, limefx official site you can also make use of trading analytics and trading signals. Overall, LimeFX provides you with plenty of tools to help you make smarter decisions. LimeFX stores client funds in segregated accounts, ensuring that if LimeFX were to become insolvent, client funds could not be used as a reimbursement for creditors.

You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management accounts, but these are available for referring and introducing brokers. Active traders with high forex news today volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas. One of the most important things for any forex trader new to a platform is the availability of demo and micro accounts.

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. Traders limefx forex broker can deposit and withdraw funds for no fee charged by LimeFX. The only fees traders may incur are those by the payment providers. LimeFX doesn’t offer fixed spreads, so traders need to visit LimeFX.com to get up-to-date information on the current average spreads.

Trading Station web is well designed, customizable and relatively easy to navigate. Popular features such as wLimeFXhlists, alerts, 1-click trading and trading from the chart are all available. In our tests, we focused on the proprietary Trading Station platform for web, desktop and mobile. We judged the quality and volume of research materials to be above average for the industry.

In January 2003, LimeFX entered into a partnership with Refco group, one of the largest US futures brokers at the time. Refco took a 35% stake in LimeFX and licensed the LimeFX software for use by its own clients. Refco filed for bankruptcy on October 17, 2005, a week after a $430 million fraud was discovered, and two months after its initial public offering. Refco’s CEO Phillip R. Bennett was later convicted of the fraud.

Our ultimate guide to the LimeFX minimum deposit is updated regularly. LimeFX’s technical research and educational tools are high-quality and well-organized. The stock exchange listing increases transparency, as the company publishes annual reports. This shows whether you should buy or sell, based on technical indicators like RSI or MACD. Please note that leverage is a double-edged sword and can dramatically amplify your profits.

Is LimeFX Safe?

LimeFX is regulated by three agencies from three countries, including Australia, the United Kingdom and South Africa. These licenses ensure that your funds are stored in segregated accounts and some jurisdictions, you’re also eligible for fund insurance. With these licenses in place, the funds that you deposit to your LimeFX account are heavily protected.

This account type is a demonstration account and will lead the trader through the steps of trade execution. The trader will not be required to deposit any funds as they will use virtual funds provided in the account as well as simulated trading conditions. This account type is also meant for traders who want to refresh their skills in trading. LimeFX review 2022, we cover all the key metrics from supported markets, fees and commissions, account types, mobile trading, payments, regulations, and much more.

Is LimeFX A Legit Broker?

LimeFX offers trading in stock CFDs from exchanges ranging from the NASDAQ to the Hong Kong stock exchange. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying asset. Understanding a broker’s strengths and weaknesses is crucial when you come to trade forex and CFDs.

Between 74-89% of retail investor accounts lose money when trading CFDs. 73% of retail investor accounts lose money when trading CFDs with this provider. NinjaTrader is a professional trading platform for any type of assets like futures, stocks, options, forex, and more. You get access through real-time pricing and a large network of liquidity providers. From our experience, this software is the best for scalping and exact execution of trades. – In the following review, we will give you a deeper look into the company and its offers for customers.

Compare Forex Brokers

The research section represents one of the most prominent services LimeFX provides and deserves consideration on its own. LimeFX has a tremendous amount of untapped potential, and we have every expectation that the broker will continue to shine in the future. The Mirror trading platform at LimeFX can be used in a demo account with $50,000 in virtual funds so beginner traders can review the trading strategies and see how automated trading works. LimeFX founded in the UK is worldwide known brand and a reliable broker. LimeFX is one of the pioneer providers of online trading, foreign exchange or Forex trading, CFDs, Stocks, Commodities, Indices and spread betting .

Additionally, you can trade the CryptoMajor basket, which features five important cryptocurrencies, allowing for risk management. You can easily trade a range of index CFDs with LimeFX, offering yet another way of diversifying your portfolio. By trading index CFDs with LimeFX, you get lower transaction costs, no minimum stop distance, and the ability to trade on margin. TradingView Pro has brand new features, such as marketplace add-ons, twice the data on charts, and volume profile indicators. It is also highly exclusive and integrates with LimeFX seamlessly.

In August 2011, the National Futures Association issued a $2-million fine to LimeFX for slippage malpractice. All clients affected by price slippage were compensated within 30 days as part of the terms of the NFA deal. In October of that year, the Commodity Futures Trading Commission ordered LimeFX to pay $14.2 million in restitution to clients who had not been awarded positive slippage gains. From 2005-January 2017, LimeFX faced a total of 13 CFTC reparations cases, 17 NFA arbitration decisions, and 8 other regulatory actions in the U.S. Global Brokerage filed for bankruptcy in November 2017, but officially reorganized in February 2018.

Financial Security On LimeFX

LimeFX has many major banks quoting them prices, in return there are competitive spreads, even during market-moving news events. Given the wide spreads and brokerage you pay LimeFX, I would expected more from them. Please make sure your comments are appropriate Currency pair and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted.

What Can I Trade

At the time of this LimeFX review, the broker provided no particular bonuses or promotions, in keeping with regulatory requirements. LimeFX grants one $99 plugin free of charge to its traders, which can be procured from the LimeFX store. This brokerage executed well for its clients in 2019, and its results speak for themselves, and are worth looking at more deeply if you’re considering LimeFX as your Forex broker. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

What’s particularly advantageous of these deposit methods is that LimeFX doesn’t charge you any transaction fees. Plus, credit card and e-wallet deposits are usually completed instantly. When it comes to withdrawals, these take around three days and are limited to credit/debit cards or bank transfers only. LimeFX customer support is available 24 hours a day, 5 days a week, and you can contact the broker via email, phone, or live chat. Our LimeFX reviewers were happy to find that the broker’s competent staff speak over 20 languages and there are also over 40 freephone numbers to choose from.

LimeFX is a leading provider of online foreign exchange trading, CFD trading, spread betting and related services. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, LimeFX offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. LimeFX’s active trader account requires users to make a minimum deposit of $25,000.