As various tables and infographics show, the bid-ask price difference between currency pairs goes down as low as 0.7 pips, which is definitely a serious achievement. This means that Global.LimeFX takes less “commission” out of trades and leaves more to the traders. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source.

  • Because LimeFX offers CFDs in indices and equities, dividends apply.
  • Global.LimeFX Forex broker offers trading e-books as well.
  • The biggest downside is they don’t allow US citizens to open accounts with them.
  • In short, software support on Global.LimeFX is on par with its other premium offerings.

Surprisingly, the broker offers an extension selection of cryptocurrencies. There are also commodity CFDs, but equity CFDs are commercial companies in the EU and the U.S., with a sprinkle of some in Australian companies, while index CFDs have a good selection to start. All reviews, research, news and assessments of any kind on The Tokenist are compiled limefx reviews 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.

Range of Offerings

Research is provided in-house, but from the very start, the lack of professionalism and attention to detail is evident. Attempts have been committed to structuring the research division which represents a worthy idea, but unfortunately, the execution is awful. The account information provided shows the lack of LimeFX’s experience. Autotrading is a trading plan based on buy and sell orders that are automatically placed based on an underlying system or program. Compliant with the European regulation, including MiFID II and licensed by CySEC. It was also a reminder of the difficulties of doing business with off-shore brokers.

Their website platform is average, their range of trading instruments are ordinary, the language options are only four, and several of its services seem to be average except for its education section. To avoid all this averageness, you will be required to use their Platinum account type to enjoy some VIP status, even though it still might look basic to some of its rivals. This broker suits new traders who are in the pursuit of trying their hand in forex trading. They will benefit more from the educational material and the competitive fixed spreads. LimeFX offers add-on services but they mostly apply to the platinum account.

Axi has low forex fees, and deposits and withdrawals are free of charge. LimeFX provides traders with a premium education site that is free for access to all website visitors. The broker has distinguished itself with the quality of educational materials on its website.

LimeFX broker reviews

LimeFX was established in 2012 and has since earned a reputation for being a reliable, secure and transparent broker. The brokerage offers services to traders from all over the world, providing clients with a wide range of assets to trade. These include CFD trading on stocks, currencies, commodities and indices. Furthermore, traders can hedge on rising or falling prices, with multiple underlying instruments.

Trading platform

This lays out the contract between the broker and the client and ensures that clients understand the implications of CFD trading and its attendant risks. Three account types are available at LimeFX, but here’s where the lack of experience of this broker is plainly evident. The Silver, Gold, and Platinum account types differ with the spreads offered. The minimum deposit for opening an account at LimeFX.com is $250/€250/£250. Deposits can be made from the side menu which features the deposit funds button.

  • We use dedicated people and clever technology to safeguard our platform.
  • The company is owned by Bayline Trading Ltd, a Belize registered company.
  • It is a very high limit as compared to the limitless withdrawals provided by the regulated trusted brokers.
  • Gripeo is the leading social platform for consumers to share their experiences with businesses and other people.

Capital Markets Elite Group, for example, only offers trading in stocks. Lightspeed does a great job of providing many services that day traders will love. The cost of this is the U.S. government’s pattern-day-trader rule, which requires deeper pockets than some traders have.

The positive slippage and the competitive spreads cannot help traders as there is no provision for the same in the accounts of LimeFX. More on, traders have to face the brunt of limited scalping, hedging, etc. The broker does nothing fruitful to relieve the gripe of traders. Our review of the Forex / CFD broker LimeFX shows that they offer investors the classicMetaTrader4 trading platform. There is available both the desktop standalone version, along with the web based and mobile versions.

FAQ on the website is however not of much use, mostly using “Yes-No” form to answer questions. We really liked the swap discount, this is a nice thing we have not seen before. It will definitely be of use for traders who prefer to leave their positions open for longer. NinjaTrader has indicated it will likely offer a dedicated mobile app in the future, but it hasn’t made any announcements yet.

Global.LimeFX Review at a Glance

On the plus side, forex fees are low, and deposits and withdrawals are free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great. You can also useCopy Trading, another social trading feature. This allows you to identify successful traders and follow their trades, which are then translated into real trades in your own broker account. To access this feature, you have to download the Axi Copy Trading platform, then link your MT4 account to it. After these steps you can start searching for traders to copy.

As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole. Lightspeed is a U.S.-based brokerage firm with low commissions and several trading platforms to choose from. The company also offers a lot of educational materials; so beginners should definitely sit up and take notice.

Between % of retail investor accounts lose money when trading CFDs. A currency or forex trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution. NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported as well. Monthly data fees are required with a full market depth option, or you can get top of book data for reduced fees. The Order Flow+ suite of premium features, which allows you to analyze trade activity using order flow, volume bars, and market depth, is available only with a lifetime license. Due to the compliance with European regulation, LimeFX’s ability to provide trading promotions is limited, especially to retail traders.

This is due to the lack of alignment of the broker under the strict rules of the country. Traders are scratching their heads on the discrepancy in their data. The twitter account of the broker has a very small number of followers. The posts on their Twitter and Facebook accounts are the same. On June 1st 2020, CySEC suspended the license of the parent company of LimeFX.

LimeFX broker reviews

To have a clear overview of NinjaTrader, let’s start with the trading fees. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform.

LimeFX Review

In as much as the broker seems to be laid back, it hasn’t received any penalty from its current regulator and there aren’t any complaints online from traders who use its service. Furthermore, for their benefit of their clients,the brokerage has also provided a dozen localised support telephone numbers for their traders to call. This broker offers good choice of platforms as well as awesome choice of trading accounts. Additionally, it has very useful educational section, which is vital for beginners. We recommend you to start trading with Global.LimeFX Forex broker.

  • LimeFXs lists a minimum deposit of $250 to open an account.
  • Bayline Trading LTD itself is a subsidiary company of Bayline Global World LTD. The latter itself is registered in Edinburgh, UK, and adheres to the rules of the Financial Conduct Authority .
  • You can also find a slightly simpler version that is entirely web-based and doesn’t require any download or installation .
  • When it comes to the bonuses or other promotions, unfortunately, we weren’t able to find anything of that sort on the website.
  • As such, Hoch Capital and its trading names imposed to notify all active accounts and must not provide any financial LimeFX services t the UK residents.

However, if traders prefer other platforms, they can just as easily go for WebTrader or smartphone apps. In short, the functionality and diversity is definitely the broker’s strong suit in trading platforms. LimeFX offers the popular MT4 trading platform, which lacks the upgrades needed to improve the trading experience for its clients. While the MT4 platform is used by a good number of traders, there are some obvious limitations to this platform.

We selected NinjaTrader as Best broker for futures for 2022, based on an in-depth analysis of 100+ online brokers that included testing their live accounts. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions.

There are educational articles in the ‘Markets Blog’ section as well, which are up-to-date and well-written. Technical indicators and other technical tools, such as trendlines or Fibonacci retracement. Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. However, all your monthly financial statements are available to download at the Client Portal. You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. Add your bank account details, like IBAN and Swift code (if you haven’t done it before).

Global.LimeFX General Information

LimeFX.com is easy to use and offers multiple account types for new traders and experienced traders alike. The demo trading platform is particularly useful as it offers a risk-free option for learning the ins and outs of CFD trading. Great customer support is a terrific benefit at this online broker. LimeFX is a regulated forex and CFDs broker run by Hoch Capital Ltd and it is located on Cyprus, where it also obtained its licence with the country’s regulating body CySEC. Thanks to EU passporting scheme which ensures the functioning of the single market in financial services, LimeFX offers its services across the Union, but also the world. The broker uses the MetaTrader4 platform as its core trading software and it is available on all types of devices.

For one thing, the market fluctuations can just as easily make someone rich or put them in a dire financial situation. But market fluctuations aren’t the only https://limefx.club/ threatening facets of trading Forex, stocks, or other securities. 🔍 Are you searching for a broker with an excellent educational and research offering?