Founded in 1999, London-based Forex Capital Markets or LimeFx is a major international online forex and contracts for difference (CFD) broker that also provides spread betting and related services. The broker offers its clients innovative trading tools, proprietary data and premium educational resources. LimeFx is one of the forex platforms with the longest histories, providing a reputation of reliability. It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms. Apart from all those options, there are numerous advanced tools available. Even just the proprietary platform, Trading Station, has advanced features that set it apart.
Similar apps
Trading Station is an LimeFx proprietary platform and therefore not used by other brokers. Because of the range of platforms offered by LimeFx, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek. You can choose among the LimeFx Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms. You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. 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.
LimeFx Tradable Assets
Average spreads at LimeFx are more favorable for active traders or clients residing in the EU, U.K., or Australia. There are abundant support resources online and on the LimeFx website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for LimeFx’s Trading Station and forex trading in general in the education section.
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- 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).
- You will also find plenty of support for LimeFx’s Trading Station and forex trading in general in the education section.
- ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
- These are all best for advanced traders due to the limited information available on their use.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
This lets you assess the broker’s research and educational resources and practice trading. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be… Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive. When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market.
Trading Conditions
This includes trading guides, speakers, a video library, and a live classroom. Despite originally opening in the U.S., LimeFx is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale. LimeFx is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for LimeFx and up to GBP 85,000 if the custodial bank fails. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets. You can choose from among several excellent trading platforms and can access copy trading through LimeFx’s social trading platform and automated trading via LimeFx Apps and MetaTrader4 (MT4). If you want to trade assets other than forex, LimeFx also offers CFD trading in shares, metals, oil, commodities, indices and cryptocurrencies. 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, Stratos Markets Limited (“LimeFx”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
Mobile Trading
Novice traders can take advantage of LimeFx’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. For more advanced traders, LimeFx provides application programming interface (API) trading with 4 free APIs connected to the LimeFx server that includes REST API, FIX API, Java limefx company reviews API and a ForexConnect API. You can get more information on the broker’s algorithmic trading facilities by clicking here. 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 is growing, it remains fairly narrow.
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. The broker’s intuitive and easy-to-navigate website provides all the information you’ll need to open an account and begin trading in several markets. 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 and hedge funds can take advantage of LimeFx Pro.
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. There are two major types of accounts offered by LimeFx, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000. You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers. Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas. Jay and Julie Hawk are a married financial writing and authorship team who co-founded TheFXperts, a notable financial writing services provider.
There are dozens of other tools as well, including automated strategies. To assist with these strategies, the platform includes equity and balance charts, trade histories, detailed performance https://limefx.biz/ summaries, and visual representations of the trades plus a strategy optimizer. These are all best for advanced traders due to the limited information available on their use.
To make up for this, the platform is available in your choice of 14 languages. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. No, but you can trade CFDs on major stocks through an online broker like LimeFx. LimeFx’s pricing for forex trading is slightly higher than the industry average.
The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them. 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. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. LimeFx does provide as many tradable assets as some other major forex and CFD brokers.
It also makes sense from a technical standpoint, since it had reached highly overbought…
The broker has 2 support email addresses that give you access to general or account-specific inquiries. 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. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx. 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.