Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. LimeFx provides free phone support for the residents of 42 countries. When we tested customer support, an agent was connected almost immediately both on live chat and phone.
One of the standout features of MT4 is its charting functionality, which allows LimeFx traders to analyze price movements and make informed trading decisions. For professional traders, the Trading Station platform offers up a world of potential prospects with bespoke indicators, strategy optimization, strategy backtesting, and powerful charting. Some of the most successful traders employ automated systems to remove the human factor from trading. Automated strategies may be introduced to Trading Station Desktop with a few mouse clicks. Because of the breadth and scope of LimeFx’s trading pool, you get access to significant market data. Trading Station’s distinctive Real Volume indicators, which are pre-loaded on Trading Station, provide you with unrivalled access and strategy support based on real market sentiment.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- Like other brokers, LimeFx margin requirements can differ depending on the traded instrument.
- Some of the most successful traders employ automated systems to remove the human factor from trading.
- Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms.
Lastly, the broker has trading instruments from a limited number of asset classes when compared to industry leaders such as IG. The trading platform, LimeFx, provides users various options regarding the minimum and maximum trade requirements. limefx courses scam These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals.
How to open your account
If the balance on your account goes into negative, you will be protected. There is a Market Scanner feature that shows whether you should buy or sell, based on technical indicators like RSI or MACD. You can set alerts and notifications on the desktop trading platform. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below.
Multiple payment methods are available, and deposits are processed free of cost. On top of that, LimeFx provides high-quality educational and research resources. LimeFx’s account opening process is straightforward, easy and fast. It has great technical research tools, including many technical indicators.
LimeFx has been facilitating trade on the financial markets for over 24 years. All funds deposited to LimeFx are held in segregated bank accounts for security. LimeFx is regulated by Financial Conduct Authority (FCA) so can be considered legit. LimeFx are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to LimeFx accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a bank’s financial health and strength.Trading with LimeFx is risky, and because the market is so volatile, losses could happen at any time.
Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced traders. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms. LimeFx, also known as Forex Capital Markets, is a global forex provider trading with various LimeFx entities in the UK, Europe, Australia and South Africa. Our LimeFx review concluded that LimeFx has a simple but helpful account type structure, average spreads, a hybrid trading execution model and a good range of trading platforms. TradingView is a social network for Forex, Futures, and Stock market traders and investors.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- I think they could improve by adding support for crypto payments to keep up with competitors who already so, such as InstaForex.
- LimeFx is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.
- LimeFx offers multiple account types and trading platforms, including MT4, Trading Station, Ninja Trader, TradingView, and Speciality platforms, with top-of-the-line liquidity.
Autochartist on the LimeFx platform is a powerful tool designed to help traders find trading opportunities quickly and easily. LimeFx also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go. We aim to provide you with all the information in this LimeFx review you need to determine if LimeFx is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to LimeFx, so you can make a more informed decision and compare other brokers against LimeFx. LimeFx’s pricing for forex trading is slightly higher than the industry average.
Author of this review
For traders who appreciate advanced trading tools and quality market research, LimeFx is a winner – especially for algorithmic trading. Though its range of tradeable markets https://limefx.vip/ is growing, it remains fairly narrow, and the pricing at LimeFx is just average. LimeFx offers a social trading service via the third-party service provider ZuluTrade.
LimeFx Regulation Summary
With the scores so close, the best advice is to look at which broker has better regulated in your region (eg South Africa) when comparing the two as the scores are almost level. There are three tiers as some regulators are more trusted than others. When it comes to ‘Tier 1’ regulators, AvaTrade has two (ASIC in Australia and IIROC in Canada) while LimeFx has the same two regulators plus the FCA in the UK and CySEC in Cyprus. It should be noted that LimeFx was a finalist for fx trading Australia and fx trading UK awards while AvaTrade was the winner in the fx trading Canada awards.
Is LimeFx a con?
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx provides a wide range of order types on the desktop trading platform. Just like Trading Station’s web version, the desktop trading platform has great customizability. It is fast and stable and its charting solution is really advanced.
LimeFx offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the forex industry. For a more detailed comparison of these platforms, you can check out our MetaTrader 4 vs MetaTrader 5 analysis. LimeFx also offers the popular MT4 platform, as well as its own proprietary platform, Trading Station, a web-based platform that offers advanced charting and custom indicators. Other platforms include NinjaTRader, TradingView, Capitalise.au, and ZuluTrade for social trading. When selecting a broker such as LimeFx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
Other trading platforms
In addition, LimeFx also gives real-world examples of how to use LimeFx data to develop and test strategies on popular platforms such as BT Analysis, QSTrader, Zipline, and QuantConnect. This enables more secure application access and is readily integrated with online apps, mobile devices, and desktop platforms. For most forex pairs, both LimeFx and FOREX.com have spreads that are close to the industry average.
The following table summarizes the different investment products available to LimeFx clients. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.