Best Forex Brokers

The broker designed mobile app is known for its intuitive interface and intuitive LimeFX performance through different account types. The users may log into the platform through the app and make transactions for stp execution of deals in the markets smoothly. The multi-asset broker platform also provides traders with comprehensive trading reports of profits and losses, performance in the metals market, time analysis, and more information.

• The chat function was even more readily available, with an agent available in just a couple of minutes.
• Investopedia does not include all offers available in the marketplace.
• At its most comprehensive, the central window can offer hundreds of metrics for those who prioritize technical analysis.
• MT4 Plus plugin- Since LimeFX is a meta-trader only broker, it offers the software MetaTrader 4 apart from FIX API as a single trading platform.
• It is unfortunate that we were penalized for believing in a faulty system where we thought justice would prevail.

It is important to find the right terms on which you can agree, and not to invest your money in vain. Therefore, many companies are trying to make an offer which will fit for all of their customers, slowing them to work in a safe and protected environment. One of those companies that will allow you to trade currencies and other goods is LimeFX, a Los Angeles, California-based Forex broker.

Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. It may also be necessary to upload government-issued ID proof documents like a driving license and pan card in compliance with the KYC regulations of the license organization. The verification of the account helps in protecting the users against financial scams. You can access the charting tools with almost 30 technical indicators, which let you chart your own trend lines.

Cima Regulated

Although it offers less rich platform than other brokers, it has a commission-based pricing model as well as comparatively low spreads, which makes it one of the best broker companies. This company will offer you a unique experience of trading, and hopefully, it will fit your needs. LimeFX offers basic tools and multiple instruments for the fundamental and technical market analysis of the financial markets. It also provides Trader (finance) the PAMM and PAMM Plus applications along with import EA signals to the trader signed into the platform to manage multiple trading accounts for trading forex and other products. LimeFX LTD. is a premier brokerage firm providing online trading solutions within the foreign exchange industry to clients ranging from retail to institutional traders. In the U.S., it’s for clients who want to trade the foreign exchange markets.

The CFD rollover allows clients to maintain their present open position in the subsequent months. Customer support service is available 24×7 over email, phone, and live chat on LimeFX. One may even receive personal assistance by paying a visit to the head office of the firm at 1 Fore Street Avenue, London. The huge disadvantage of LimeFX, when compared to other brokerage firms, is the lack of bonuses and promotions offered. The MetaTrader 4 software provides a user friendly, yet, intuitive interface that is utilised by beginner and experienced traders worldwide. The MT Pro provides a variety of new features that will improve your MT4 trading experience and allow you to customise trade settings.

Trading Conditions

If one or more client orders are aggregated with a transaction for LimeFX’s own account, the trades must not be allocated in a manner detrimental to any client. Unfair precedence should not be given to LimeFX or to any particular client. This type of contractual relationship is known as an “over-the-counter” or “OTC” contractual relationship which means that you have a private contractual with LimeFX only. The prices quoted to you reflect the prices which LimeFX receives from its liquidity counterparty and the underlying market liquidity providers. The prices are not quoted on any stock or derivatives exchange and therefore will be different from any other provider of equivalent derivative instruments. We do not have a dealing desk, we only provide Straight Through Processing order execution.

Luckily, if you want to trade CFDs with LimeFX, you won’t be charged commission fees. Commission fees might be charged when buying and selling financial instruments. This is one of the ways in which forex brokers earn revenue, and they vary among different financial assets, order types, and account types. LimeFX has only one trading account to the worlds’ financial markets FX, Metals and CFDs. Also, new traders or those who want to see LimeFX performance with no risks can benefit from the trial trades through Demo-Account.

Additional Trading Fees

The platform accepts deposits only through bank transfers while funds protection is delivered duly. Forex trading is allowed from Sunday to Friday, whereas trading in precious metals is restricted to weekdays and Sundays. One may consult the standard contract specifications to take note of the specific duration of operation of the different asset markets trade forex and other products. The broker platform of LimeFX allows the traders to conduct trading through the multi-asset broker platform of MetaTrader 4 or MT Pro. MT4 or MT Pro aims to improve the overall trading experience of users.

The online broker could improve its educational section and offer a wider range of instruments to compete with other leading brokers, like LimeFX. In this review, we will go through exactly how LimeFX can help give you a head start in the forex market. We will highlight what we like, and where we think the broker Currency crisis could improve. We’ll then complete the review by delving a little further into how COVID-19 is influencing the forex market. They offer the lowest spreads and very competitive commission rate (8$ round trip, not USD based). Tell our team and traders worldwide about your experience in our User Reviews tab.

Trading Accounts & Fees

Head over to our Gain Capital review for insight into another stellar online broker. Find your perfect broker, check out our other online broker reviews for a detailed low-down. Investopedia is dedicated to providing traders and investors with unbiased, comprehensive reviews and ratings of online brokers.

The FAQ centre and trending news can be accessed on the official website. These available tools can only be beneficial to a novice who is getting to learn the ropes of forex and CFDs trading. Awesome and very insightful updates👍👏🏻✌ Well i will also say this here… Reason because it’s been so successful for me since this outbreak when i took part in day trading with accurate trading signals and strategy provided by Luis T who is a pro trader with vast knowledge in crypto. During my first month I was able to achieve a total of 6.7BTC having traded with my initial 1.1BTC with Luis signals which you would agree is a very good profit. So i would advise everyone seeking to grow a strong portfolio to make use of such a profitable signals, Luis can be reach via Telegram @LuisT62 for inquiries into profitable trading systems.

For international wires, a fee of £25.00, $30,00, or €40,00 is charged. Skrill Wallet is charged a 1% transaction fee, and clients in the UK can use a faster payment for a fee of £10. Throughout COVID-19, more people are trying to recover from economic hardships through forex trading. All reviews represent only their author’s opinion, which is not necessarily based on the real facts. I never believed in bitcoin recovery because I was made to understand that it is not possible.

LimeFX Review

For making deposits at the account of LimeFX, one needs to link their wallet or bank account with the platform. Visit the “My Account” section on the official website to enter your wallet details and bank account information for e-wallet deposits. One may consult the Position Rollover Calendar on the official website of the broker platform to take note of the upcoming CFD rollover dates.

I chose a relatively conservative strategy because I didn’t want to take risks, so I got 15% profit. LimeFX is a legitimate broker overseen in several jurisdictions, including the UK’s Financial Conduct Authority , National Futures Association in the US and the Cayman Islands Monetary Authority . For more details about this broker you can check our full LimeFX Broker review. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. ACTBrokers introduces a variable minimum initial balance to open an account based on the branches. One of the best platforms, plenty of willingness to serve/assist the client and professionalism in general, as it suppose to be with a USA Compny.

Yes, we can provide you with the FIX API credentials for further software integration.Do you provide liquidity? Yes, we will provide you with our aggregation engine, which is connected to top-tier banks and non-bank institutions to bring competitive market pricing. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

A withdrawal fee of €00, US Dollar 40 or £25 when using International Wire. Access to a complete charting package with built-in indicator libraries. Customize the charting layout and design as you see fit for your trading preference. The MetaTrader 4 also allows for importing and activating limefx scam custom indicators directly into the software. View the amount of trades that closed with a win, lose or break-even amount for a specific period. LimeFX is a member of the National Futures Association and is a registered introducing broker with the Commodity Futures Trading Commission .

This scheme is a kind of insurance for the deposits made into LimeFX’ accounts. If the broker doesn’t comply with this, clients could be eligible to limefx official site receive compensation of up to £85,000. LimeFX is in full compliance with these regulations and keeps all clients deposits in separate bank accounts.

LimeFX came to the online brokerage scene fairly early, being founded in 2005 and quick to embrace the latest technologies. The platform has a global reach, accepting clients from around the world, but it is undoubtedly most popular in the UK and the USA. Operating out of California, LimeFX USA has built a reputation for its focused offering and is quick to laud its transparency and unbiased market service.

This means that if the broker goes bankrupt, you won’t need to worry about your funds, they should be safe, secure, and returned to clients. LimeFX offers the MT4 trading platform, forex and CFD instruments, but has a high minimum deposit requirement. limefx website The MetaTrader supports market, limit and stop orders, along with multiple types and multiple instruments that allows potential successful analyses of the market. A complete charting package built-in with indicator libraries that can be fully customized.

Now might just be the right time to find a reliable forex broker to help guide you through the rocky planes. If you sign up with LimeFX you will have the choice of three account types. All accounts have a minimum balance requirement of $2,000 for global clients, but European and UK clients will need to deposit a minimum of £/$/€5,000. LimeFX operates a 100% agency model and does not take a position against the trader to manipulate trading activity in its favour. The broker forwards clients orders to the liquidity providers where they are then executed at the best rates.

The platform of LimeFX operates in association with National Westminster Bank for the safe custody of the trader’s money that also includes minimum deposit fees and withdrawal fees. The platform accepts USD, GBP, and EUR and charges 2.9% of the minimum deposit amount as an initial deposit fee for making payment via debit or credit cards. Through contract specs, the users are able to conduct trading and investment in CFDs, forex currencies, precious metals, and even cryptocurrencies that include Bitcoin, Ripple, Litecoin, Bitcoin Cash, and Ethereum. Traders may look up the Contract specs table to note down the hours of the operations of the various international asset markets.