LimeFX reviews

We found LimeFX’s fee structure to be very competitive, especially with an average EUR/USD spread of 0.74, which is below the industry standard of 1.08. Combined with VIP discounts for active traders, LimeFX proves to be a cost-effective option. If you are unable to effectively take advantage of these active trader discounts, however, you’ll find pricing to be overall higher limefx broker reviews than average. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFX. 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. This is LimeFXs offering to all clients who don’t qualify as an Active Trader.

Alternative Brokers

Before making any trading related decision, contact a local professional financial advisor. However, success in forex trading depends on various factors such as market conditions, trading strategies, risk management, and individual trading skills. Profitability ultimately depends on the trader’s abilities and the wider market environment. These include online courses, webinars, video tutorials, trading guides, eBooks, and a forex glossary. They cover various topics such as technical analysis, fundamental analysis, risk management, trading strategies, and more.

When choosing a broker, regulation is one of the first things that I look for. I would always prefer to use a regulated broker as it gives me the peace of mind that they will operate in an honest and transparent manner. I am pleased to see that LimeFX is regulated in multiple jurisdictions which means that I wouldn’t have any problems using them for my day trading activities. LimeFX has offices, partners, and affiliates in the major financial centres of the world, uniquely positioning LimeFX to provide exceptional service to traders around the world. It is imperative to be aware that the products and protection can vary depending on the entity that you sign up with. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com.

Other trading platforms

  1. You really have all of the tools you need at your disposal to conduct in-depth market analysis so that you can make informed trading decisions.
  2. Overall, LimeFX’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category.
  3. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
  4. LimeFX provides customer service via toll-free numbers around the world in 42 countries in North and South America, Asia, the Middle East and Europe.
  5. The broker provide access free of charge when you open an account with them.

Overall, there is more than enough content for everyone to learn something new. Trading signals are actionable trade ideas that may be readily applied to the open market. Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading signals for guidance on whether to buy or sell in the live market. LimeFX offers forex signals applicable to 40 individual currency pairs.

Fees & Commissions

LimeFX also provides a decent selection of top-quality trading platforms its clients can operate through. Beginning traders can also access various options to help them learn and enhance their trading skills. LimeFX is suitable for various types of traders, ranging from beginners to experienced ones. The company offers educational courses on FX trading, provides trading tools, proprietary data, and premium resources. It also offers dedicated 24/5 customer support with global offices in London, Melbourne, and more.

Service Details

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 (CFTC) 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 FOREX.com, so U.S.-based traders might consider using that broker instead. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The LimeFX Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs.

LimeFX reviews

Overall, LimeFX’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category. Designed as a platform limefx courses scam for professional traders, this multi-asset platform comes equipped with extensive functionality. Everything’s included, from the built-in 130 indicators and 14 chart types to advanced automated trading support via AgenaScript(C#). Capitalise.ai is a powerful tool for traders and investors and allows to automate the trading based on a pre-defined trading strategy. This unique partnership and platform enable you to conduct code free strategy automation just by typing your idea. I like how you can easily create, test and automate trading scenarios using everyday English.