0 Comments August 10, 2021

LimeFx Review 2023

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. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. For UK and EU traders only, the LimeFx demo account functions like the live trading platform, except that traders are given £50,000 practice credits to test out the functionalities of the platform.

You can also open a demo account to test the broker’s services and platforms before committing any funds. Also, institutional investors, retail brokers, emerging market banks https://limefx.name/ and hedge funds can take advantage of LimeFx Pro. This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets.

Our stop loss is at 0.9616, which is below the swing low support level. Take profit is at 0.9683, which is at a swing high resistance level. High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may… Price could bounce off our buy entry at 1.4907, which is an overlap support level, aligning with the 61.8% fibo retracement. Our stop loss is at 1.4801, which is below a swing low support level.

Trade Execution and Management

Price could bounce off from our buy entry at 1.2506, which is a pullback support level, aligning with the 23.6% fibo retracement. Our stop loss is at 1.2456, which is below a swing low support level. Take profit is at 1.2578, which is an overlap resistance level, and at the 61.8% fibo projection. Also, MetaTrader 4 users can automate their trading using “expert advisor” or EA software they can program themselves or obtain from third parties. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices.

  • Tradu will be available in the United Kingdom in December and then focus on global expansion over the consecutive months.
  • There are five main products to trade as contracts for difference (“CFDs”).
  • Professional account holders do not have negative balance protection, leverage limits, and risk warnings.
  • LimeFx’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics.

According to the official press release, Tradu will offer a variety of asset classes, including listed equities, commodities, cryptocurrencies, CFDs, forex, treasuries, and indices. LimeFx offers seven different payment methods which are also accepted as valid withdrawal methods. The full list of withdrawal options include Credit/Debit cards, wire transfer, e-wallets, BPay, Skrill, Union Pay, Neteller, and POLi.

Provided that your account is fully verified, withdrawals via wire transfer may take 3-5 days, while all other methods may take up to 24 hours. The charting feature is familiar, as similar charting design and functionalities are used by other brokers. Professional account holders do not have negative balance protection, leverage limits, and risk warnings. Shares baskets are not very different from indices, except they are smaller groupings of companies’ stocks. As opposed to indices like the FTSE 100, LimeFx offers shares baskets of only five or six companies.

Can LimeFx be trusted?

The broker offers a variety of platforms to trade on, including MetaTrader 4, NinjaTrader, ZuluTrade, and the Trading Station Mobile App for iOS and Android users. LimeFx provides customer support via live chat, phone, and e-mail, with free international dials. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx.

Alternative online FX brokers you might be interested include Forex.com, Fortrade, and Plus500. You can also check out our full guide to forex brokers including lists of brokers available in . If you want to start practicing without making a deposit, you can open up a free demo account.

LimeFx Enhances Multi-Asset Trading Experience

High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be… LimeFx does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads.

Integrated Multi-Asset Trading Expansion

The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research. LimeFx also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android. LimeFx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs. If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month.

You can even contact the LimeFx trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an LimeFx server. 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 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. According to the official press release, Tradu will offer a variety of asset classes, including listed equities, commodities, cryptocurrencies, CFDs, forex, treasuries, and indices.

Where Does LimeFx Operate?

Following a simple sign-up using their personal details and a handful of questions, traders have full access to the platform. E-wallets and credit card transactions may take up to 24 hours, while wire transfers can take 3-to-5 working days. The LimeFx margin requirements for each type of account vary as market conditions, volatility, and currency rates fluctuate. Margin amounts are calculated as a percentage of the notional value of a currency pair and get adjusted as the price fluctuates. Alongside the CryptoMajor basket, there are two other types of baskets that allow traders to speculate on collective products’ performance in the market. The broker has 2 support email addresses that give you access to general or account-specific inquiries.

LimeFx Overall Rating

While LimeFx is a regulated broker with plenty of products and a global presence, other brokers also offer hundreds of CFDs in different markets. Other popular CFD brokers that traders may scammed by limefx consider include AvaTrade, Plus500, and Markets.com. You can choose among the LimeFx Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Since 1999, LimeFx has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, LimeFx has grown to have multiple international offices and is licensed in several major regulatory hubs globally. Finally, some of LimeFx’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.

Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.[24][25][26] In its IPO prospectus, LimeFx described its no dealing desk trade execution. LimeFx is an internationally regulated broker, but you should make sure that it’s regulated in . You are encouraged to decide whether a broker is trustworthy or not based on the information available on the broker’s present regulatory status, history, and overall platform impression. Reliable customer support is also an essential part of broker good service.

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