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.
- Market analysis tools consist of the standard tools most brokers offer.
- The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN.
Other trading platforms
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 limefx broker reviews charts and drawing tools.
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.
How to calculate your Forex Profit?
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.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Lime Fx’s pricing for forex trading is slightly higher than the industry average. At the beginning of the month (between 1st and 15th), a fee equal to 30 units of the base currency (3,000 JPY, 240 HKD) will be debited from any of your Lime Fx Account(s) to cover the VPS cost for each subscription. Comparison is based on the average Lime Fx Group spreads of the period April 1, 2022 to June 30, 2022. Trading Station Desktop opens up a world of potential opportunities with custom indicators, strategy optimization, strategy backtesting, and robust charting for serious traders.
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.
ForexBrokers.com 2024 Annual Awards
Not only does Lime Fx offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms. This is Lime Fxs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. Of course, as you gain experience in the markets, your goals and resources will often change. In order to cater to the needs of the evolving trader, Lime Fx offers a variety of account types.
To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. If you are a high-volume investor, then the Active Trader account may be for you. This account offers Lime Fx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.
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 participants.
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.
Why Trade With Lime Fx?
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®.
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.
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 limefx official site 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.
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.
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.