Since 1999, Lime Fx, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited (“Lime Fx”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally. Our review of Lime Fx found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms. The range of products available to you will depend on which global entity under the Lime Fx Group houses your trading account. The following table summarizes the different investment products available to Lime Fx clients.
In addition to these perks, all live account holders enjoy access to Lime Fx PLUS. Featuring proprietary analytics, Lime Fx PLUS has everything you need to maximize your performance in the ultra-competitive forex environment. Lime Fx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its Lime Fx YouTube channel. Yes, based on your detected country of BG, you can open an account with this broker. Whether you are an Lime Fx client or you simply have an Lime Fx demo, you can easily access Trading Station’s platforms. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments.
Lime Fx is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. The Trading Station Mobile platform lets retail traders quickly and easily access the forex market. Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices. The range of markets available with Lime Fx is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put Lime Fx at the lower end of the broker for currency choices. These stats show that Lime Fx completes your orders with no slippage more than 60% of the time.
- All CFD option is commission-free, which means costs are included in the spread.
- This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms.
- However, the Active Trader account offers tiered commissions with potential savings for high-volume traders.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Lime Fx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
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Rest assured that no matter your resources and trade-related objectives, Lime Fx can furnish an alternative designed to enhance your trading experience in the forex market. One of the largest advantages to trading forex is the minimal amount of capital necessary to get started. Retail traders with limited resources are afforded access to the same markets as institutional limefx participants.
Lime Fx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Some of the top traders use automated strategies to take the human element out of trading. With Trading Station Desktop, automated strategies are added with just a few clicks. Lime Fx has a knowledge limefx section that consists of research or market analysis tools and education.
Why Trade Forex?
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. Finally, some of Lime Fx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The Lime Fx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become Lime Fx’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.
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Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.242526 In its IPO prospectus, Lime Fx described its no dealing desk trade execution. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. Whether your outlook on a currency is bullish or bearish, you have the ability to capitalise upon the idea. Buy low and sell high or sell high and buy low ― the forex does not limit your trading options or your money-making potential. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
Trade Forex With Lime Fx
All CFD option is commission-free, which means costs are included in the spread. This platform is a worthy alternative to Trade Station and MetaTrader. Lime Fx 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.
Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an Lime Fx subsidiary outside of the United Kingdom. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools.
Mobile trading apps
When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all Lime Fx clients. An Lime Fx No Dealing Desk Brokers determines the best execution means which can result in Lime Fx acting as a market maker or using a dealing desk. Our broker reviews are reader supported and we may receive payment when you click on a partner site. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. Lime Fx is an independent legal entity and is not affiliated with MetaQuotes®.
He has a Masters and Commerce degree and has an active role in the fintech community. If you prefer to place orders by phone, Lime Fx offers a trading desk line that can be handy should you experience an interruption in your internet connection. Lime Fx offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call Lime Fx, there are 42 country-based numbers one can call from. Active Traders commissions can be less than most ECN brokers once you factor in that Lime Fx has lower commissions. Now you can copy trades automatically from successful traders in real time.
Lime Fx provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. In December 2010, Lime Fx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, Lime Fx.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.