LimeFx Review Based On Fees + Features 2024 Updated

The Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. 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. The range of markets available with LimeFx is quite broad however you can find other brokers that offer more choices for each financial instrument.

While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions.

  1. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts.
  2. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
  3. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
  4. 39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices.
  5. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools.

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. LimeFx offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message.

If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all LimeFx clients. If you prefer to place orders by phone, LimeFx offers a trading desk line that can be handy should you experience an interruption in your internet connection. All CFD option is commission-free, which means costs are included in the spread. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay.

LimeFx’s Transparency and Trust Level

If you wish to call LimeFx, there are 42 country-based numbers one can call from. LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. An LimeFx dealing desk determines the best execution means which can result in LimeFx acting as a market maker or using a dealing desk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

LimeFx Platform Review

This is LimeFxs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. LimeFx, also known as Forex Capital Markets, is a global forex provider trading with various LimeFx entities in the UK, Europe, Australia and South Africa. 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 Active Trader spreads

The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. LimeFx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It limefx scammers was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients. LimeFx list statistic regarding their performance when it comes to execution and slippage.

LimeFx review – Customer Services and Support

New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. 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. This includes an economic calendar, live forex charts, and the latest market news. Additional trading tools are available such as a market scanner and market data signal however to get to the really useful information such as trading signals, technical analyser and trading analytics requires a sign-up with LimeFx.

If you are looking for the best possible spreads, then Active Trader is the best choice. 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. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms.

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