If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month. Ninja Trader has a funky feel but don’t think it is lightweight due to its user-friendly appearance. The attractive features of this platform run far deeper than the aesthetics. Featuring extensive forex functionality, the brand-new Ninja Trader 8 is an industry leader in the provision of advanced analytics, charting and automation capabilities. Ninja Trader is particularly strong in terms of market liquidity and accesses the same pools of liquidity as global banks, financial institutions, prime brokers and market makers. This association of LimeFx with banks, financial institutions is the major reason for the overall reach of LimeFx across financial markets globally.
As one of the oldest brokers, LimeFx has been in the forex and CFD trading industry for over two decades. As explained earlier, LimeFx charges tight spreads plus commissions for the Standard and Active Trader accounts. The commission depends on the currency pair traded, type of trading account, and the volume traded. For the EUR/USD pair, LimeFx charges a commission of as little as £4 per standard round-turn lot. CFD spreads also differ with the instrument traded and the type of account.
Is LimeFx Regulated and a Good Broker?
The funds of the investors and customers are placed in a separate bank account that is restricted from the business creditors in case it runs at a loss. The eligible compensation fee in some specific conditions is up to £85,000. In addition, LimeFx only uses regulated payment methods for the fund of clients. All in all, LimeFx doesn’t get a good rating when it comes to the range of investment types. Since this difficult period, LimeFx has made effective moves to repair its damaged reputation. The new owner of LimeFx is Jefferies Group, a well-known and trusted investment bank and financial services company based in New York.
- Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive.
- MetaTrader4 is the most popular trading platform in the world and boasts millions of users.
- LimeFx does offer an Islamic, Swap-Free trading account that is roll-over fee-free.
- The platform allows users to copy the trades of professional traders immediately as they occur.
- Setting up an account with LimeFx is to be recommended as it is an opportunity to keep up with a broker offering the latest features in a particularly user-friendly way.
The broker customer support is provided in various languages and available 24/5. They can be reached via many phone numbers listed on the website for different countries. I think they could improve by offering 24/7 support and I haven’t always had the quickest response via email. That being said, the live chat is online 24/5 so you may find that a better way of quickly speaking to someone. Java API, a wrapper SDK of FIX API, provides clients with a fully functioning programmable API into the LimeFx trading platform.
My financial issue was resolved
LimeFx has a history of fraudulent business practices that lasted from 2009 to 2014. Namely, the company offered its users a no dealing desk platform and gave them misleading information that damaged their trades. LimeFx (Forex Capital Markets) is a forex broker founded in 1999 in New York, currently based in London, UK.
Platforms and Tools
As mentioned earlier in this review, the LimeFx trading broker is compatible with various devices, making it easier to trade on smartphones. LimeFx offers the Trading Station platform and MetaTrader4 platform along with third-party algorithmic trading systems for mobile trading. The uniquely designed mobile platform includes mobile app charting with numerous drawing tools and 60 indicators for a hassle-free charting experience on smartphones.
Types of Trading Accounts
The Standard and Active Trader account apply the STP+ECN by charging a floating spread plus a commission. As mentioned above, the average spread for the EUR/USD limefx scam pair through the standard account is 1.3 pips. The Active Trader account, on the other hand, has an average spread of 0.7 pips for the same pair.
FAQ – The most asked questions about LimeFx :
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How to Open LimeFx Account in UK?
The LimeFx website is accessible using computer desktops, and mobile devices – Android and iOS devices inclusive. Traders on mobile can easily access global forex features and tools on an internet-enabled device. The LimeFx trading application can be downloaded for free on GooglePlay or Apple App Store. The total activity of accounts LimeFx globally is more than 130,000. They have successfully bagged different kinds of awards in the industry. Experienced investors and private traders are mostly found on this platform, and there are also many affiliates globally.
In compliance with the Anti Money Laundering (AML) procedures, LimeFx does not accept cash deposits. The broker also rejects cheques and funds transferred from exchange houses. This is pretty standard when dealing with a regulated broker. Accounts can be opened in a good selection of currencies https://limefx.group/ including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. LimeFx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs.
LimeFx take care of the “little” traders as well as the Professional. Their Micro Account is amazing and allows clients with smaller banks to test and tweak their strategy on low stakes. I have tried other Forex companies but will now only trade with LimeFx.
Most often, any CFD and Forex trading or spread betting user account is commission-free when trading spreads. As the name suggests, it is a trading simulator that enables traders to backtest their trading strategy. Users can log in to their demo accounts using their registered email address and password. Once the registration is complete, they receive $20,000 virtual money for trading. LimeFx offers its proprietary Trading Station platform plus third-party systems such as MT4 and NinjaTrader.
With the TradeStation, you get access to financial news, education and research material, analytics, and professional charting. It is a multi-functional platform that provides any service that a trader needs. The web platform is very similar to the desktop version, as it gives users access to videos, news, market data signals, etc. It also has almost as many charting and drawing tools as the desktop version, and a clean, intuitive interface. Trading Station web is very stable and mostly runs without a hitch.
Users can also leave comments and communicate through the platform. ZuluTrade is one of the top social trading platforms, but not quite on par with the industry leading eToro. Clients that are interested are sent to the ZuluTrade portal, where they may select from a variety of signal sources and automatically duplicate their trades.