These stats show that LimeFx completes your orders with no slippage more than 60% of the time. LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. 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.
- Our LimeFx review concluded that LimeFx has a simple but helpful account type structure, average spreads, a hybrid trading execution model and a good range of trading platforms.
- LimeFx also allows traders in the UK and Ireland tax-free, leveraged spread bets on the currency pairs.
- These accounts are kept with top rated banks in Europe, Australia and other LimeFx country of operations.
- The SSI is also an interesting tool but is not clear if the index is referring only to LimeFx’s traders or to more data sources.
- BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
LimeFx Slippage And Execution Speed
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. LimeFx’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics.
Trading Platforms
Please provide us with your email or account number so we can locate your account in our system and address your specific situation. We strive to ensure our clients have a positive experience, and we’re here to help resolve any issues you may have encountered. This is a summary of the forex and CFD brokerage firm known as Forex Capital Markets, of LimeFx for short. Since this difficult period, LimeFx has made effective moves to repair its damaged reputation. The new owner of LimeFx is Jefferies Group, a well-known and trusted investment bank and financial services company based in New York.
LimeFx Account Types
And happily announcing, no withdrawal fee is applicable for credit/debit cards even electronic wallet withdrawals. In the case of the international bank withdrawal method, $40 is the per withdrawal transaction fee. LimeFx wallet will allow you to gauge your withdrawal progress by running the live report. And don’t be upset because depending on which payment method you are using the money transfer time may change. LimeFx Group is regulated under several jurisdictions and the broker has strong regulations.
LimeFx commissions and fees summary
One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. 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.
LimeFx offers hundreds of trading instruments on its platforms, covering various asset classes. I think there is more than enough financial instruments to create a diversified portfolio, with something for everyone to trade regardless of your interests. LimeFx provide CFD trading, which allows you to trade the price movements of currency, stock indices and commodities like gold and oil without buying the underlying product.
When it comes to forex trading, compliance and regulation are of utmost importance. Accounts with LimeFx are also segregated in accordance with client money rules, providing added protection for client funds. 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 than average. Java API, a wrapper SDK of FIX API, provides clients with a fully functioning programmable API into the LimeFx trading platform.
He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on https://limefx.club/ investing and trading. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days.
LimeFx also provides ZuluTrade, a social and copy trading platform. The platform allows users to copy the trades of professional traders immediately as they occur. Users can also leave comments and communicate through the platform.
I think the calendar is a vital tool to make sure that you are aware of any pending news releases that can impact your positions. LimeFx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. 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.
LimeFx provides only a few text-based guides as their educational tools for new traders along with their standard demo accounts to practise. LimeFx Plus – including resources for every experience level trader it offers an advanced technical analyzer, trading signals, and exclusive tools. Other than that, I feel that LimeFx is a top broker for anyone who is limefx scam looking to trade in a regulated environment with industry leading platforms and tools, backed by 24/5 support. There is even the option of a free demo account if you want to give them a try before making a commitment. Sierra Chart is a professional trading platform for the financial markets, compatible with many externally available trading services.
It includes live streaming prices and historical prices for live trades. It is scalable, light and robust and is compatible on any Java-compliant operating system. This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms.
Your input is important to us, and we appreciate your assistance in this matter.Sebastian, your additional information is much appreciated! One of our account manager will be in touch shortly to gather your feedback. While LimeFx is a regulated broker with plenty of products and a global presence, other brokers also offer hundreds of CFDs in different markets.
Repeat occurrences led to LimeFx’s expulsion from the US market. However, users can only trade a limited selection of forex and CFDs, and the mobile and desktop platforms are lacking in usability when compared to the competition. All in all, LimeFx doesn’t get a good rating when it comes to the range of investment types.
There’s no denying that to trade successfully a trader needs to gain adequate knowledge of trading and its functionalities. But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300. And the relaxing thing is your deposit will not be affected by additional charges or Taxes. On average, we can count the withdrawal processing time from 1 business day to a business cycle (30 days).
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