The range of markets available with Lime Fx is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put Lime Fx at the lower end of the broker for currency choices. These stats show that Lime Fx completes your orders with no slippage more than 60% of the time. 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. If you are a high-volume investor, then the Active Trader account may be for you.
Forex Currency Pairs
For more advanced traders, Lime Fx provides application programming interface (API) trading with 4 free APIs connected to the Lime Fx server that includes REST API, FIX API, Java API and a ForexConnect API. You can get more information on the broker’s algorithmic limefx official site trading facilities by clicking here. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices.
For traders who appreciate advanced trading tools and quality market research, Lime Fx is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at Lime Fx are more favorable for active traders or clients residing in the EU, U.K., or Australia. Lime Fx offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. Our Lime Fx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers.
Popular Forex Guides
The actual amount you receive depends on how much you deposit in your first week of trading. Overall, I find their educational tools to be very useful, and I appreciate the chance to access them with a few clicks on the broker’s website. It is great to see the course topics divided into sections according to traders’ skill levels, making them easy for the appropriate levels to access, and I am happy with the range of recorded materials available. Lime Fx offers analyst insights and market summaries to provide traders with valuable research. The wide selection of powerful trading platforms is one of the biggest selling points of Lime Fx for me.
Lime Fx 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. Lime Fx provides a respectable variety of market research from a combination of in-house content and third-party materials. Overall, Lime Fx’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. One of the largest advantages to trading forex is the minimal amount of capital necessary to get started.
You can even contact the Lime Fx trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an Lime Fx server. There are no trading restrictions with Lime Fx, which is great news for serious traders who like to employ scalping, hedging and other strategies. Moreover, I rate the forex baskets on offer, covering the US Dollar and Japanese Yen. Lime Fx is one of only a handful of brokers that offer such products. Lime Fx trails many brokers when it comes to the breadth of forex pairs, with around 40 assets available. This is significantly less than the 80+ at Forex.com or 300+ at CMC Markets.
Explore MT4 Expert Advisors and Indicators
Domestic wire transfers take one to two working days while international wire transfers can take three to five business days. Whilst not as fast as some forex brokers we have tested, these are similar to most competitors. The minimum deposit for a live account is 50 of the account’s base currency, which is relatively low and attainable for both beginner and more experienced traders.
Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. Steven Hatzakis is the Global Director of 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 limefx board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
- These stats show that Lime Fx completes your orders with no slippage more than 60% of the time.
- 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.
- This lets you assess the broker’s research and educational resources and practice trading.
- Commission-based pricing is applicable to Active Trader account types.
- MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp.
With its wide range of available platforms and deep offering of trading tools, Lime Fx has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, Lime Fx has plenty of options. In our 2024 Annual Awards, Lime Fx finished Best in Class for its excellent Platforms and Tools.
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. Lime Fx provides customer service via toll-free numbers around the world in 42 countries in North and South America, Asia, the Middle East and Europe. The broker’s multilingual phone service and the live chat feature on its website are available 24 hours a day, 5 days a week. Founded in 1999, Lime Fx has grown to become one of the leading providers of online trading services in the industry. Lime Fx’s offshore entity offers up to $200 as a welcome bonus when you open a live account.
Lime Fx Customer Service
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 Lime Fx clients. Lime Fx has a trust score of 78, from its regulation, reputation, and reviews. This platform is a worthy alternative to Trade Station and MetaTrader. Lime Fx operates four subsidiaries around the world that are overseen by different financial authorities.
You can always rely on our team to answer any questions and provide more information, so if you ever find yourself in need, do not hesitate to contact us. As explained via Live chat 3 days ago, the trades were auto-closed due to expiration. As requested, we also tried to reach you via phone call but was not able to get a hold of you. Kindly reply Daniel’s email to discuss about your suitable time to talk and he will definitely ring you back to clarify any doubts from you. We’re thrilled to hear that you had a satisfying experience with Lime Fx.
