LimeFx Review: Key Findings for 2023

It is also not as widely available compared to MT4 which is something to consider if you plan on switching brokers down the line. If you are interested in increasing potential opportunity in the forex, NinjaTrader can help take market analysis and order execution to the next level. LimeFx is an established and regulated online broker with a superb range of powerful and versatile trading platforms, including FIX API connectivity for institutional trading.

  • We compared LimeFx’s fees with those of and Pepperstone, two similar brokers selected by our analysts.
  • This seminar is facilitated by LimeFx’s expert analysts and is a great way to learn from the experts.
  • QuantConnect not only provides a design-environment it also connects some of the most sophisticated algorithmic traders in the open-source community together.
  • You can search for events and compare analysts’ consensus with previous records.
  • Rates, terms, products and services on third-party websites are subject to change without notice.

I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan. The brand also has affiliate offices in Toronto and Tel Aviv, Israel. A demo account is a desirable component in any online forex broker, for it allows traders to familiarize themselves with the features and functionalities. Besides, they can test the trading instruments listed, various trading platforms and learn to apply trading strategies.

Fundamental data

LimeFx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Actually, LimeFx gained positive and high regard from the clients in terms of its good trading conditions and support, which is definitely a plus to our LimeFx Review. From the moment you submit and confirm the request to withdraw money from your account the accounting department typically processed and confirms withdrawal within 2 business days. Nevertheless, allow your payment provider to add on some working days to process the transaction as well.

Due to their inherent value, legions of forex, futures and equities traders frequently incorporate trading signals into their financial game plans. Just make sure limefx reviews you understand the risks and that results cannot be guaranteed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

There are beginner friendly platforms, pro trading platforms and social trading platforms. They proudly offer access to a suite of award-winning algorithmic trading tools and services. I personally use the MT4 platform as it is the platform that I am most familiar with.

LimeFx Trading Platforms

These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won’t have to pay a conversion fee. The broker does not charge any fees for account maintenance, deposit, or credit/debit card withdrawal. However, there is an inactivity fee and bank withdrawal fees apply. The bank withdrawal fees depend on the currency and where your bank account is located. This financial market is now more accessible than ever, as technology allows traders to buy and sell stocks anytime, anywhere.

Our take on LimeFx

Our team of industry experts has reviewed the LimeFx demo account to offer a guide to setting the account up and utilising it in the best way possible. The following content is going to show you a step-by-step detailed guide on how to open a LimeFx demo account and its features. LimeFx’s pricing for forex trading is slightly higher than the industry average. In January 2015, Leucadia has become the economic owner of LimeFx.

Broker Types

I found them to be really helpful for market research and analysis. You certainly won’t be short of inspiration for trade ideas with this broker. LimeFx obtains its pricing from premium liquidity providers which includes global banks and financial institutions.

It is great that LimeFx does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti Money Laundering (AML) procedures, LimeFx does not accept cash deposits. The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD.

The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Beyond core platforms, the broker offers integration to LimeFx’s acclaimed execution of specialty LimeFx Apps offering an online marketplace where you can customize the trading experience. And to include an additional application for news, trends, and range traders, apps for new trading features and smooth trading process, EAs and automation, indicators, scripts, Standalone apps, and many more.

By the time you’re ready to move to live trading, you’ll have grown the confidence to start using real money. This means you will need to upload proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility or bank statement). Depending on your country of residence it may also be necessary to complete a form about your trading knowledge and experience. This does not happen with a demo account as all funds are virtual. There is a small possibility of slippage occurring on a live account.

Further on, when you wish to withdraw funds, you may use the same payment methods. There are no fees for withdrawals by credit card or debit card, however, a $40 withdrawal fee will be charged for international Bank Wire requests. LimeFx indeed conducts a very convenient way for account opening, so you can set up a free practice account, which allows testing the platform and experiencing account benefits. This is the fastest way to fund credit accounts as deposits are instant. We tested it and collected the options and costs in How to withdraw money on LimeFx. Our ultimate guide to the LimeFx minimum deposit is updated regularly.

LimeFx demo account opening tutorial: step by step procedure

You can search for events and compare analysts’ consensus with previous records. I like how you can easily filter the news to only display that which matters most to you. 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. It gives the latest news and happenings in the economic activities of different nations. This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions. This easy-to-use charting package is designed for both technical and algorithmic traders.

Upon signing up with the LimeFx demo account, traders will receive $20,000 in virtual money to spend on trading forex and CFDs. The demo account option is open to all regardless of their trading expertise. Traders trading with other brokers can try this before switching to it, while existing LimeFx traders can use it to stay updated with the latest additions. The LimeFx LTD is headquartered and regulated in the UK by the Financial Conduct Authority.


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