LimeFx Reviews Read Customer Service Reviews of www LimeFx.com
On their standard configuration the first thing that you’ll notice is the trading charts and the dealing rates at the right side. Then, the next block will be the portfolio section in a compact full-width format where each tab gets you access to whatever you need. When clicking on the 4th bottom menu option, you’ll land on the research area. We believe that the title https://limefx.name/ “Research” is a bit of an overstretch as it’s simply a proprietary newsfeed with LimeFx’s articles along with an economic calendar. The subsection of “Explore Markets” is where the juice of the discover section can be squeezed. Through these card-styled options you’ll be able to quickly find each asset based on its category or country (in the case of shares).
- LimeFx also added services by FinTech firm eFXplus, featuring simulation and Forex trading recommendations by sell-side analysts from major banks, Quant models, and insights.
- This seminar is facilitated by LimeFx’s expert analysts and is a great way to learn from the experts.
- Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading.
- It means a lot to know that our platform meets your trading needs and that you are satisfied with the provided support!
The number of tradable assets available is quite limited when compared to other brokers who offer thousands of assets, such as IG. I also found them not to have the lowest spreads which may be an issue if you are scalping. With LimeFx’s Market Scanner, you get a quick way limefx broker reviews to screen Forex and CFDs using the technical parameters you like best. The market scanner will then give you the five strongest signals based on your preferences. I found this tool to be a really way to find trade ideas which can be helpful if you need some inspiration.
Other Notable Dashboard Features
LimeFx also offers an API product under ‘LimeFx Pro’ aimed at institutional clients wanting to exercise wholesale trading execution. LimeFx baskets are like indices — a basket indicates the performance of a group of products on the market on which traders can bet on. LimeFx has multiple payment options for deposits and withdrawals, including wire transfers, debit/credit cards, and e-wallets. I think they could improve by adding support for crypto payments to keep up with competitors who already so, such as InstaForex.
Can I trade options or underlying instruments?
With LimeFx spreads and commissions, the broker only offers floating spreads, so fixed spread trading is not available here. These floating spreads start from 1.3 pip on forex but they can drop lower to a starting point of 0.2 pips if you qualify for the active trader program. LimeFx offers competitive pricing with average spreads for popular currency pairs such as EUR/USD at 1.3 pips and GBP/USD at 1.8 pips.
Trading Platforms 💻
As mentioned, the timing is usually instant but wire transfer may take a couple of business days to complete. The account base currency is that which is available to trade in on your account. With LimeFx base currency availability, the USD, EUR, and GBP are available. LimeFx also offer AUD, CHF and more base currencies, however, this depends on the LimeFx entity you register with. Here is a closer look at exactly what the broker makes available in this respect.
Traders can upgrade to a live version directly from the demo platform’s dashboard. Both Global Brokerage Inc. and LimeFx assert that LimeFx customers and their assets will not be affected by the reorganization. LimeFx accepts traders from the UK, Australia, France, India, Israel and many other countries. We do not provide investment advice or solicitation of any kind to buy or sell any investment products.
The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders.
All CFD option is commission-free, which means costs are included in the spread. LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions. Yes, based on your detected country of FI, you can open an account with this broker. LimeFx has an online application form, which is the standard operating procedure.
Amazing customer support
I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as a full educational tool. 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.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. LimeFx caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction. I like that LimeFx invested heavily into its algorithmic trading environment, and I rank it among the industry leaders in this category. To save your time, if you’re looking for ETFs, Stock, commodities, Futures, Options or a wide variety of cryptocurrencies, you’ll find LimeFx’s offering quite limited. The SSI is also an interesting tool but is not clear if the index is referring only to LimeFx’s traders or to more data sources. The most loved feature in this area is how the buy / sell prices are displayed at the top of the page with the spread right in the middle.
I recommend traders read and understand the terms and conditions before accepting incentives. Here is a screenshot of the LimeFx Trading Station platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. They provide very well for an extensive number of features and tools to help you get the most out of a trading experience. MT4 with LimeFx is available on mobile and smart devices as well as on desktop, though the webtrader is not provided.
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