LimeFx forex brokers reviews: LimeFx vs LimeFx comparison 2023

Things are looking good for the future reputation of LimeFx, but it will be a while before it is completely healed. This happened because LimeFx had a relationship with an important market maker at the time. This concealed relationship led to a conflict of interest between LimeFx and its users, which resulted in users losing money. We mark it as excellent since there is a great choice between industry popular platforms like MT4 and MT5, also Zulutrade, Trading View, and NinjaTrader.

All website content is published for educational and informational purposes only. Now I can’t speak for every experience, but LimeFx certainly has the capacity to fulfil a service if you ever find yourself in a problem. This means you can do your complete analysis using the popular TradingView platform AND trade directly through the TradingView platform. If you are a Mac user, then you can look at using TradingView’s desktop app. It offers everything from TradingView on your native desktop. Everything you see on TradingView is available on your mobile device, which is what makes it a very appealing trading tool.

This level of compliance around the world shows the LimeFx commitment to trader security and providing the safest possible venue for you to trade. Being a multi-award-winning broker shows the levels of respect that are held by others in the industry for LimeFx and brings their commitment to providing a great trading environment to life. They have collected more than 25 awards over the years, even including some in 2020. -markets.com needs to review the security of your connection before proceeding.

Tools

MetaTrader 4 or MT4, NinjaTrader 8, TradingView, and ZuluTrade, among others, are some of the forex trading platforms. Users interested keen on algorithmic trading can use Trading Station, MetaTrader4, NinjaTrader 8, and TradingView, while copy or social trading users can use ZuluTrader and Trader Workstation. However, as per our findings for this review, the Active Trader account can access all the platforms, while the standard accounts are limited to using only specific platforms. LimeFx offers users multiple trading platforms, like ZuluTrade, meant for social/copy trading, and NinjaTrader, a platform best suited for automated trading. The prices and fees are low in general, but the range of offerings is very limited.

Please email me directly at so I can investigate any problems that may have occurred and address it with our management. I don’t recall any recent tech issues, but our support team is available 24 hours a day to help if you encounter any technical issues. We also maintain the site with updates on any system issues. ForexPeaceArmy.com has limefx scam advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. LimeFx Group is a holding company of Forex Capital Markets Limited, and regulated in 3 countries.

Education Material

This means that the spread will fluctuate and get wider or tighter depending on trading volume and market volatility. Overall, at 13 USD per lot traded, LimeFx’s trading costs are higher than the industry average. The trading costs on the EUR/USD at other good brokers tend to be around 9 USD per lot traded. Overall, LimeFx fits the needs of traders at all levels of expertise. The online broker even provides wholesale trade execution and liquidity solutions for retail forex brokers, smaller hedge funds and emerging markets banks through its LimeFx Pro service. Moreover, most often, user accounts lose money due to the risk factors.

LimeFx’s educational section comprises various trading guides, video tutorials, a section on the traits of successful traders, and a free online live classroom. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. LimeFx offers fewer base currencies than other large international brokers, and it charges high currency conversion fees. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year.

Education exists via free online forex trading courses, webinars hosted by LimeFx Senior Market Specialist Russel Shor, and written content with exceptional quality. The Insights section provides more detailed educational content, and new traders have access to considerable material to deepen their knowledge base. LimeFx is conducting research and education seriously, executing them well. The LimeFx Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic trading solutions. This broker also provides market data, further supporting third-party automated trading solutions.

I placed a trade on the NZD/JPY at the price that was displaying on the LimeFx trading station platform. Service to the promised bonus takes a very long time, 5 working days. LimeFx offers access to trade following assets on MetaTrader 4 and Trading Station.

How does LimeFx make money?

Novice traders can take advantage of LimeFx’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. I chose this broker because it provided social trading, and as you may know, it can be a challenge to find such a broker. I was surprised with the educational materials there, and it actually helped me take my trading skills to a new level.

For example, LimeFx clients in the United Kingdom benefit from the oversight of the FCA. The FCA requires that clients have negative balance protection, which means that they cannot lose more than their deposit. Client funds must be held in segregated accounts, which are protected in the event of a broker going bankrupt. Clients can also follow top traders through the Zulutrade platform for 30 USD/month.

Funds recovery

Trading is commission free on almost all types of accounts. Deposits and withdrawals can be made through a variety of payment methods which facilitates the operation. It has excellent business functions easily adaptable https://limefx.group/ to all types of traders. All this makes them a competitive offer with low negotiation costs and wide accessibility to the market. LimeFx only offers accounts denominated in USD, EUR, and GBP to British traders.

The education provided by LimeFx is a great overview of how to trade the markets. You can contact customer service by phone, email, or through a live chat. The most important service offered by brokers is the ability to accurately and quickly resolve trading issues.

• Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks…..LimeFx allows clients to access a huge range of trading markets.
• The connection and execution is terrible, I have been stopped out of trades prematurely numerous times with no compensation offered by LimeFx.
• Nevertheless, standard bark charges apply and are determined by the users’ bank.
• I cannot overstate how important this section is for new traders.

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.

I want my money back

Beginner and intermediate traders will greatly benefit from the wide range of top-quality educational resources. LimeFx provides a great example of how to enrich your offerings and is truly a leader in this sector. It operates with a significant number of client accounts which can select from various types of accounts, and access to very competitive spreads on different instruments.

Currently, LimeFx runs the friends and family referral promotion where you will both get a bonus. As earlier indicated, LimeFx was founded in 1999 and had its offices in New York City. It moved the offices to the European economic and financial hub of London. Its success I the forex trade has seen it grow in leaps and bound and it has managed to expand to many other territories and countries. Among the countries where it has its offices are South Africa and Australia with plans to expand to more in the future.

Even though the owner of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions lime fx expressed on this website are purely the author. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.

When losing money, the hardest person to blame is yourself. A longer term style whilst not giving that instant gratification usually works overall. Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks…..LimeFx allows clients to access a huge range of trading markets.

NewsIlies Larbi, a Former LimeFx Employee, Has Launched a New Cryptocurrency Exchange, Ouinex

Traders can practice trading on LimeFx’s platforms, including Trading Station and MT4. LimeFx offers support for the MT4 and Trading Station platforms, in addition to Zulutrade, and allows all trading strategies, including hedging, scalping, and copy trading. LimeFx no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates LimeFx, so U.S.-based traders might consider using that broker instead. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices.

The best broker for forex traders is one that has the right tools and resources available for all your forex needs. Trading Station is LimeFx’s proprietary trading platform with a bunch of features and indicators included. Anyway, a demo account is a great way of getting a feel for a broker before making the financial commitment. According to LimeFx’s slippage report, traders received better spreads or zero slippage 85% of the time. If you choose to trade forex through their platform, you will incur fees and commissions. LimeFx is the world’s largest independent online forex broker with over 800,000 clients globally.