The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. A news feed below the chart adds fundamental analysis to the mix, making this a great all-in-one platform that beginners should find easy to pick up. The addition of preloaded technical indicators and automated trading strategies means that more experienced traders will also find a lot of value in this platform. We recommend the Standard account for beginners and casual traders.
Our experts are comfortable that the brokerage is not operating a scam. The market summaries provide concise overviews of recent market movements, key price levels, and notable news that may impact the markets. The broker advertises average execution speeds of 0.018 seconds, which makes them very competitive. When I placed my own trades, I found that the execution speed was as fast as the broker advertised. And since I count anything under 0.1 seconds as good, this is a big strength of this broker.
I am pleased to see that Lime Fx is regulated in multiple jurisdictions which means that I wouldn’t have any problems using them for my day trading activities. Lime Fx has offices, partners, and affiliates in the major financial centres of the world, uniquely positioning Lime Fx to provide exceptional service to traders around the world. It is imperative to be aware that the products and protection can vary depending on the entity that you sign up with.
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- You can trade your opinion of the world’s largest markets with low spreads and enhanced execution.
- 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.
- I have always been treated with respect and courtesy would recommend them 100% to new traders.
Lime Fx offers trading ideas via the Trading Signals and Technical Analyzer pages. On the other hand, it does not support fundamental data such as P/E ratios, market capitalization, and dividend yields. When it comes to fractional crypto trading, Lime Fx’s minimum trade sizes are made to give traders the flexibility to regulate their exposure to a particular asset.
What trading platforms does Lime Fx offer?
REST (Representational State Transfer) API is a web-based API using a Websocket connection that was developed with algorithmic trading in mind. Developers and investors can create custom trading applications, integrate into the platform, back test strategies and build robot trading. Lime Fx does not provide services to residents of USA, Ukraine, Turkey, Russia, Iran and some other countries. If you find that they cannot accept clients from your country for whatever reason, please feel free to peruse our broker reviews for an alternative option. These regulations provide certain protections for traders, including negative balance protection and segregated accounts, and ensure compliance with industry standards.
Step 2: Login and deposit funds to start online trading with Lime Fx
It has thousands of tools and apps already developed limefx scam that add extra functionality to the platform. It is available as a windows desktop downloadable application and also as mobile app for iOS and Android devices. I prefer the desktop platform as it has the most functionality and supports automated trading. I think MT4 is an excellent choice of platform for anyone who wants to develop their own trading strategies for both manual and automated trading. It is very easy to use with a fully customisable user interface that makes trading online a breeze.
Commissions and fees
The broker’s commodity list includes gold and silver as well as energies and a few soft commodities, while the Euro-Bund Futures Index is also available to trade. Professional and corporate accounts are also available upon request. In addition to a YouTube channel and a complete library of trading videos, you can get a better idea of Lime Fx’s offerings from a tutorial video situated on its limefx official site website. The 1st tier ranges from $10 to $25 million traded per month and pays $5 per million, while the 5th tier pays $25 per million if you traded a minimum notional amount of $300 million per month.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Automated trading solutions often require a VPS service to operate effectively around the clock. Lime Fx offers two VPS solutions, charged at $30 or a currency equivalent per month. Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. Trading with a regulated broker will limit the potential for fraud and malpractice.
Lime Fx (Forex Capital Markets) is a well-established and globally recognized forex and CFD broker. For these reasons, I rate Trading Station highly among the dozens of proprietary platforms I have tested. These amounts are the absolute maximum leverage on offer, but they may vary according to the asset traded, with more volatile assets generally providing lower amounts of leverage. Overnight costs are also applied for positions held after 10 pm GMT, but this is industry standard. To prevent this from happening, you either have to place a new trade, maintain an existing trade or close your account. While not a deal breaker, there is an inactivity fee charged to dormant accounts after 12 months of inactivity.
The availability of MetaTrader 4, TradingView, an assortment of add-ons for algo trading, and its own proprietary platform Trading Station provides traders with excellent technical resources. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading. You can perform distraction-free trading and investing, with more charts, intervals and indicators. The broker provide access free of charge when you open an account with them.
Experienced Australian forex traders that require a very specific niche forex platform should consider Lime Fx. Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders. 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. The Lime Fx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become Lime Fx’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.
There are no trading restrictions with Lime Fx, which is great news for serious traders who like to employ scalping, hedging and other strategies. Lime Fx’s offshore entity offers up to $200 as a welcome bonus when you open a live account. The actual amount you receive depends on how much you deposit in your first week of trading. Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive.
