This includes an economic calendar, live forex charts, and the latest market news. LimeFx offers competitive pricing with average spreads for popular currency pairs such as EUR/USD at 1.3 pips and GBP/USD at 1.8 pips. Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station. The broker has invested in cutting-edge technology solutions to assist in providing clients with favourable trading circumstances. The award-winning proprietary Trading Station is brimming with useful features for traders of all levels and sorts. With the inclusion of the sophisticated NinjaTrader and other APIs, LimeFx has become a broker with many options based on individual trading needs.
I think a VPS is great if you want to run automated systems 24/7 without your own computer switched on. The NinjaTrader is an industry leader with powerful analytics, charting, and automation tools with full FX capability. LimeFx’s platforms include its own Trading Station, MetaTrader 4 (MT4), TradingView, and NinjaTrader 8, all of which offer algorithmic trading. LimeFx also provides ZuluTrade for social copy trading and Trader Workstation for stocks, both powered by Interactive Brokers. In addition, the broker useful tools such as VPS, hosting for its clients who want to automate their trading 24/7.
- Keep in mind that the demo account is only available in a limited number of countries.
- This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders.
- LimeFx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation).
LimeFx offers low prices, very good research tools, and multiple powerful platforms. Tech-savvy traders will find many great features for algorithmic trading, and opening an account is very quick and simple. Customer support representatives are praiseworthy and the educational content is superb.
What are LimeFx’s spreads?
Trading Station’s distinctive Real Volume indicators, which are pre-loaded on Trading Station, provide you with unrivalled access and strategy support based on real market sentiment. The Speculative Sentiment Index (SSI) is a patented contrarian indicator that is meant to assist you in trading trending markets. The index ratio indicates whether traders are net-long or net short a certain currency pair and to what extent. The Trading Station Mobile platform enables retail traders to access the FX market fast and simply. Trades can be placed and maintained on the move because of their simple, user-friendly interface, which was built from the bottom up to work flawlessly on mobile devices. Clients can also access free live trading signals and technical analysis tools through LimeFx PLUS, an exclusive live account portal designed to enhance the trading experience.
What trading instruments does LimeFx offer?
The broker offers securities to trade via CFD trading or Spread Betting from various asset classes, including forex, commodities, indices, shares, cryptocurrencies, and baskets (ETFs). However, the broker does not offer options and government-yield bonds. If you are interested in those asset classes, you might want to consider AvaTrade limefx forex broker instead. Opening a live forex trading account with LimeFx is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers.
Photos: LimeFx
Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions. The next step is to verify your account by providing documents that verify your identity. You can upload a scanned copy of your government-issued passport, ID, or driving license. Or you can use your phone to take a digital picture of the documents. Just make sure that the photos are of high quality with no light reflections and shadows.
As you progress with the registration process, you’ll be able to choose your preferred trading software, account base currency, and password. In case you’re planning to solely trade Forex pairs MetaTrader 4 will be the perfect pick for you. As the platform is simple, yet very powerful and is designed around Forex trading. There are only 39 currency pairs to choose from, as well as 14 Stock Index CFDs and 10 Commodity CFDs. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.
Global Brokerage, Inc. the previous parent company of LimeFx filed for bankruptcy in late 2017. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.
LimeFx users have access to a basic pack of tools plus a great selection of technical analysis tools. The charting tools are outstanding and very customizable with more than 50 available indicators. Trading Station mobile offers a richer trading experience than MT 4 overall but has a couple of drawbacks.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. In addition, there’s no commission charged and no deposit/withdrawal fees. On the downside, there is a 50-unit base currency inactivity fee charged per year after 12 months of inactivity.
The offer of market research and analysis tools is not exactly at the top of the food chain but is certainly above-average. The offer of educational content is extensive, providing great overall forex-related education to traders of all skill levels. https://limefx.biz/ The web platform is very similar to the desktop version, as it gives users access to videos, news, market data signals, etc. It also has almost as many charting and drawing tools as the desktop version, and a clean, intuitive interface.
Spreads with LimeFx’s active trader account are cheaper than they may appear when you compare with other brokers as LimeFx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison. Quality education is a standing pillar for each successful trader. LimeFx provides tools for beginner and professional traders for market analysis. As a trader, you get access to an economic calendar, earnings calendar, market news, live Forex charts, and market data signals. Additionally, there are easy-to-understand guides for novice traders available on the broker’s web page.