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Yocan / Forex Trading  / LimeFx Review 2023 Detailed Information about LimeFx Forex Broker

LimeFx Review 2023 Detailed Information about LimeFx Forex Broker

A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines. Withdrawal is easy and it is just by requesting a withdrawal from ‘MyAccount’ and the request will be processed. Highly customizable trade preferences and dashboards a feature that gives this platform a versatility feature. Access to integrated trade ideas from premium third-party trader resources.

As forex and CFDs are OTC products, your broker can set the spread. LimeFx has low fees for forex trades and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.

LimeFx broker reviews

The mobile app is functional, providing traders with access to all their account information. Traders can add or withdraw funds, view trade history, create watchlists, access news, and view charts from the mobile app. Placing trades on the web trader or the downloadable advanced trading platform is intuitive. Clients can trade directly from charts by right-clicking and selecting the “trade” option or by clicking on the “buy” and “sell” buttons along the top of the chart. This brings up an order window where the entry, stop loss, and profit target are set. Clients “negative balance protection,” as mandated by ESMA, and guaranteed stop loss orders , which protects against market gap risk.

Looking for commission and fees data for LimeFx?

Its own trading platform offers a host of features for seasoned developers and a lot of opportunities for automation. Accounts with less than $10,000 and no trading activity for more than 12 months are charged a fee of $15 per month as the inactivity fee. All accounts with more than $10,000 are not charged an inactivity fee. The platform does not charge additional fees for deposits and for withdrawals, ACH payments and checks are also free.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We use dedicated people and clever technology to safeguard our platform. I am extremely impressed that LimeFx provides so much support for a new account. I had no expectation that there would be so much “hand holding”.

LimeFx broker reviews

LimeFx advertises fast, reliable execution making it a good fit for the high-volume trader, who can earn rebates through the “Active Trader” program, thereby lowering trading costs. Professional and non-UK/non-EU clients are not covered with any negative balance protection. Leverageenables traders to ‘borrow’ capital in order to gain a larger exposure to the forex market. Larger trade size can be controlled with a limited amount of capital. A spread is a difference between the buy price and the sell price.

Users can still obtain Active Trader status by maintaining a minimum account balance of $25,000 or meeting certain trading volume thresholds. With commission accounts, users will trade the tightest spreads available, as low as 0.2 pips on EUR/USD, according to LimeFx, plus a $5 commission per 100K. Users who open a commission account have access to all the same tools and platforms with the exception of MetaTrader.

We are committed to the fair handling of reviews and posts regardless of such relations. Same as my other broker, once you are profitable they kick you out (the other one let me make 90k before they kicked me, these guys around15k…). Parent company GAIN Capital reported limefx broker reviews over $1.3 billion in assets and liquidity well above regulatory capital requirements. The LimeFx website shows a past promotion to earn $50 after depositing $250 in a new account. LimeFx supports one-click trading, though you have to turn that on before using it.

What Can I Trade in LimeFx?

To save traders from suffering potential losses, LimeFx has restricted leverage in certain jurisdictions while relaxing it in the rest. Some of the most notable regulators of LimeFx include the US Commodity Futures Trading Commission, the UK Financial Conduct Authority, and the Cayman Islands Monetary Authority. Traders may find that the variety of trading instruments may be too wide, making it difficult to identify profitable trading opportunities. It is important to note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies.

LimeFx broker reviews

Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. KYC and AML regulations allow financial institutions and trading platforms to prevent money laundering, fraud, and other similar activities. At the time of writing this review, LimeFx neither offers bonuses nor hosts promotions. I want to note that a quality affiliate program is available with high payouts.

Your reply is somewhat misleading traders on purpose to believe that UK brokers, for instance, are not allowed by their regulator to accept traders from other countries. Any regulators in any countries not only want to attract traders from home but also traders from abroard to develop their country economy. You are talking about your will/policy but misleading that it is your regulator’s will.

Is LimeFx Safe?

The demo account has a generous offering and is a good way to test out the platform before investing in it. It also caters to the seasoned trader through a wide range of features, including the advanced trading option. The robust features allow more advanced traders to make the most of their expertise while trading on the platform.

This is a very lucrative and popular platform with clients as is evident in the LimeFx customer comments and reviews. This is a very credible trader that I would strongly urge anyone to deal with. GAIN Capital’s LimeFx is a fantastic brokerage for traders of any level. As its trading platforms offer incredibly powerful tools and resources for analysis and news, these platforms limefx forex brokers reviews make it easy for traders to develop and implement effective trading strategies. Advanced Trading is LimeFx’s proprietary trading platform which includes powerful charting features, over 70 technical indicators, over 50 drawing tools, and more. Advanced Trading’s layout is intuitive and easily customizable – making it easy for traders of any level to adapt to the platform.

  • And they are transparent here – we just wish they could break up the information into easier to consume bites.
  • The MT5 account has a more limited selection of markets to trade compared to the standard account.
  • This allows traders with a balance of at least $10,000 in their account to receive a cash rebate on their traded volume.
  • Once more, that broker is dangerous, I’m facing problems with them, and now…

Don’t dive in before you understand exactly what that means. Seamless account management in ease in withdrawal and deposit of funds. Utilizing the services of top and credible banks for the storage of these funds.

Our risk management philosophy

In addition to all these educational features, it also offers a very easy to understand website that beginners should have no trouble navigating. The online broker is publicly traded, and regulated and authorised by major Tier-1 banks which makes it highly trustworthy and low risk. Some of the regulatory authorities include the Financial Conduct Authority , Commodity Futures Trading Commission , and many more. Traders will conduct all financial transactions from the secure back office of LimeFx, but the deposit and withdrawal options remain somewhat limited, typical for US-headquartered brokers.

The company is a part of GAIN Capital Holdings, Inc. which is a publicly-traded company providing online trading solutions. Inc. are separate but affiliated subsidiaries of StoneX Group Inc. LimeFx’s mobile app is available for both iOS and Android platforms and is free to download. The spread is the difference between the bid and ask rate when trading currency pairs. When you buy one currency, you are selling another currency. An FX broker generates most of its revenues from currency spreads.

The commission-free trading account lists a minimum mark-up of 0.8 pips with an average of 1.1 pips. The commission-based alternative commences with a spread of 0.2 pips for a commission of $5.00 per lot or a cost of $7.00. Active traders can lower trading fees between 4% and 15% via the volume-based Active Trader rebate program.

LimeFx also provides customers with access to TradingView, an incredibly powerful platform that is extremely easy to use. The opportunity for traders to earn 1.5% APY interest on their daily available margin balance up to $50,000 and 0.5% APY on $50,000 to $100,000. Lastly, the advanced LimeFx platform provides multiple order types, advanced orders (e.g. guaranteed, trailing stops), hedging tools. We’re glad to hear you have enjoying using our platforms and services.

We mark it as good since it offers popular MT4 and MT5 professional trading platforms. In addition, as a part of GAIN Capital Payments Ltd, additional services powered by a mother company are offered to the clients. LimeFx offers priority and regular Money Transfers from the UK, and also features fast, easy, and secure online money transfers to 200+ countries.

To find a currency pair using LimeFx’s web platform, just type it into the search bar. Bids and ask rates are laid out clearly and update every few seconds to give you the most accurate quotes possible. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

We know it’s hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

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