In the past, the forex market was dominated by institutional firms and large banks, which acted on behalf of clients. But it has become more retail-oriented in recent years, and traders and investors of many holding sizes have begun participating in it. LimeFX’s Standard account is commission-free, with costs embedded in the spreads.
Swap-Free Account Fees
Comparison is based on the average LimeFX Group spreads of the period April 1, 2022 to June 30, 2022. Trading Station Desktop opens up a world of potential opportunities with custom indicators, strategy optimization, strategy backtesting, and robust charting for serious traders. This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars for euros. We’ll go into short selling, volatility and liquidity in more detail in the Trading basics course. Sign up for a demo account to hone your strategies in a risk-free environment. LimeFX limefx company reviews has a knowledge section that consists of research or market analysis tools and education.
MARKET DEPTH
While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. LimeFX is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. With its wide range of available platforms and deep offering of trading tools, LimeFX has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, LimeFX has plenty of options. In our 2024 Annual Awards, LimeFX finished Best in Class for its excellent Platforms and Tools.
- Traders can usually get more leverage on forex than other financial instruments, meaning they can control what is forex market a larger sum of money with a smaller deposit.
- This account is a commission-free account, which means the trading costs are included in the spreads.
- Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Customer Service
However, the Active Trader account offers tiered commissions with potential savings for high-volume traders. This includes an economic calendar, live forex charts, and the latest market news. It is also a great option for active traders who benefit from an abundance of limefx forex broker technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools. Stratos Global LLC (“LimeFX”) is incorporated in St Vincent and the Grenadines with company registration No. 1776 LLC 2022 and is an operating subsidiary within the Stratos group of companies. LimeFX is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. 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.
The MT4 platform does not allow LimeFX to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. Around the world, LimeFX offices provide forex, Cryptocurrency Trading and CFD trading services.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Use our country selector tool to view available brokers in your country. Likewise, search “Trading Station” on your phone’s apps store to get the mobile platform. Whether you are an LimeFX client or you simply have an LimeFX demo, you can easily access Trading Station’s platforms. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. LimeFX is an independent legal entity and is not affiliated with MetaQuotes®.
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 AUD/USD and USD/JPY currency pairs. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders.
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. 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. 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. LimeFX’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LimeFX YouTube channel.