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In design and functionality, LimeFx’s MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that here you can set price alerts. However, the platformfeels outdatedand some features are hard to find.
For example, it took some time to figure out how we can add an asset to the watchlist. The LimeFx web trading platform hasgreat customizability.It is easy to change the size and the position of the tabs. This is considered low, since other CFD brokers usually require a minimum of around $2,000. To read much more details about the broker’s services and features, expand on the sections below.
Trails the best forex brokers when it comes to its scope of market research and the quality of its educational content. Trade with spreads from 0.0 pips, no requotes, best possible prices and no restrictions. LimeFx is the multi-asset trading platform of choice for high volume traders, scalpers and robots. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Interactive Brokers holds 8 global Tier-1 licenses, while LimeFx holds 1.
Account opening
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners , check out our ForexBrokers.com Annual Awards page. Interested in learning about algorithmic trading and high-frequency trading systems? Third-party research and trading tool plugins enhance the LimeFx MetaTrader offering. Raw Trading Ltd does not endorse any of the material contained in Chats or Chat groups. Such material should not be regarded by you as LimeFx advice, a personal recommendation, an incentive, or an inducement to trade.
LimeFx offer 10 base currencies including the AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD to HKD. The base currency a trader chooses https://limefx.biz/ when opening an account will determine the commission rate you pay. Below shows the commission for the MetaTrader 4 Raw account.
LimeFx is regulated in Australia, Cyprus, the Bahamas, and Seychelles; the degree of safety of your funds will depend on which entity holds your funds. LimeFx was our pick for the best MetaTrader broker for our 2023 Annual Awards. Read our full MetaTrader guide, and check out our MetaTrader 5 guide if you want to dive deep into the newest version of the MetaTrader platform.
Desktop trading platform
At LimeFx we work hard to be the best Forex broker we can be, and as we’re founded by traders ourselves we know the little details we need to get right for you. Finally, you want a broker that cares about your success, and does what it can to make sure you have the Forex trading experience you are after. Check for speed of processing times, or complaints that funds have been difficult to withdraw. You also want to make sure you can withdraw electronically and don’t need to submit a paper form. Here are the five tips that will help you to find a best forex broker. When you are assessing a best forex broker we believe there are a few key things to consider.
Our order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems. LimeFx offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The table below summarizes the different LimeFx products available to LimeFx clients. Offers competitive pricing across all account types with low average spreads. LimeFx is the one of the top choice for automated traders. LimeFx is the one of the top choices for automated traders.
- High leverage is particularly suited for forex traders who have a high-risk tolerance when scalping or using expert advisors or trading currency pairings with low volatility .
- This account type will allow a client to train himself or herself on the basics of trading.
- This feature is available only on the desktop trading platform.
- Direct access setup to liquidity pools designed for algorithmic forex trading using cBots.
- As an example, if you use a debit card to make a deposit, then the same card needs to be used for the withdrawal.
LimeFx offers MetaTrader 4 as a desktop trading platform. LimeFx’s deposit and withdrawal services are great, with many lime fx options available, mostly free of charge. On the negative side, withdrawal can only be made in the way that funding happened.
LimeFx Global complies with the Securities Act and the Securities Regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts. LimeFx provide an advanced margin call facility that detects when a trader is approaching a $0 balance and exits the trader automatically. The key issue is that in extreme market events (i.e. the floating of the Swiss Franc) this software may not have the ability to exit the market fast. This can lead to losses exceeding deposits, and the Australian forex broker may request for the outstanding debt to be paid. LimeFx uses are the National Australia Bank and Westpac Banking Corporation . View our ASIC regulated forex broker section to compare LimeFx to other Australian forex brokers.
Trade from anywhere, on any device, at any time
Their Sydney response time is within 15 minutes based on our inquiries with the most complex issues solved within a day. You can trade 4+ global futures CFDs with no commission fees. This includes both the ICE Dollar Index and the CBOE VIX Index. You must have the MT4 platform to trade futures with the CFD broker.
This tool hides forex traders’ entry and exit levels from the market. This feature buys or sells at the current market price when the price level is reached. Direct access setup to liquidity pools designed for algorithmic forex trading using cBots. As an LimeFx CFD trader, you can choose from one of three main trading accounts. LimeFx’ low-cost, scalable execution makes it a perfect fit for traders who want to run algorithmic strategies. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world.
The minimum deposit at LimeFx starts at $200 to open a live account, regardless of the account you choose, including the Standard, Raw, and cTrader account options. There are also over a dozen funding methods available, ranging from bank transfers and credit cards to third-party payment providers such as PayPal and UnionPay. Past performance is not a guarantee of or prediction of future performance. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Commissions
Traders have the choice of the three leading forex trading platforms; MT4, MT5 and cTrader. This allows the trading of currency pairs, CFDs and crypto. LimeFx mission is to create the best and most transparent trading environment for retail and institutional clients alike allowing traders to focus more on their trading. LimeFx is a good broker for investors who want to run automated trading strategies on MetaTrader and cTrader platforms. LimeFx provides social copy trading platforms and a growing selection of research and educational materials, and offers competitive pricing. LimeFx has a good range of content for beginner as well as advanced traders, with over 100 written articles and dozens of videos.
LimeFx has generally low CFD trading fees.The fees of stock index CFDs are built into the spreads. Commissions are charged according to account type and start from $3.5 per $100k trades. The minimum initial deposit to an account by a client stands at $200. This will serve as their base capital in trade executions as well as a shield from losses.
The standard account is the basic account type and is suitable for both experienced and also those new to the forex trading concept. This account type is run by the Meta Trader 4 and 5 trading platforms and prides itself in having the fastest speeds in order execution. The broker also has direct access to interbank price feeds from over 50 banks and institutional liquidity providers, allowing for ultra-tight spreads and minimal slippage when forex trading.
Founded in 2007, LimeFx’ monthly trading volume surpassed $1 trillion in March 2021. LimeFx’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, LimeFx’ research and education offerings are not as impressive as those offered limefx forex brokers reviews by industry leaders. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. On the other hand, LimeFx offers only forex and CFD products for trading. In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme.
For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.