This level of regulatory scrutiny brings stringent requirements and compliance checks, ensuring that UK and Australian traders in particular will be well covered. Traders who register with the FSCA branch will be able to access higher leverage, though the regulatory oversight is not quite as strong. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Top Features
LimeFX is well-suited for beginners, providing comprehensive educational materials and user-friendly platforms. That said, there is some room for improvement and the overall educational offering still trails some industry leaders in this category. Our review shows that it is a publicly traded company authorized by major regulatory bodies including ASIC in Australia, MiFID in Europe, and FCA in the UK. According to ForexBrokers.com, LimeFX’s trust score is 95, making it highly trusted. An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law. LimeFX add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates.
Trading Restrictions
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. LimeFX 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.
- For that reason, I don’t mark brokers like LimeFX too harshly for the more limited offering – as long as your preferred pairs are on the list, you should be fine.
- Although it took a while to get to the bottom of the technical issues I was having after the LimeFX app was updated, eventually the problem was resolved.
- LimeFX also offers 14 indices, covering major global markets and exchanges including US, European, British, Japanese and more as well as the VIX volatility index.
- This is LimeFXs offering to all clients who don’t qualify as an Active Trader.
All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but LimeFX’s instrument list lacks depth, especially in its range of stocks. Moreover, I rate the forex baskets on offer, covering the US Dollar and Japanese Yen. LimeFX 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. But finding a good Forex broker can be difficult because there are so many to choose from.
How To Make A Deposit
You can trade your opinion of the world’s largest markets with low spreads and enhanced execution. LimeFX offers hundreds of trading instruments on its platforms, covering various asset classes. I think there is more than enough financial instruments to create a diversified portfolio, with something for everyone to trade regardless of your interests. LimeFX provide CFD trading, which allows you to trade the price movements of currency, stock indices and commodities like gold and oil without buying the underlying product.
People who write reviews have limefx review ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Great service, new to trading and still getting familiarized with everything. Customer service on chat explained my questions well and later I got a call asking if further help needed. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
Trading Platforms
He got me to transfer funds to another exchange and gave me a bonus too.Wish you luck!. I have been in contact for days being passed back and forth between LimeFX and Ninja Trader. All because I cannot log on using my LimeFX details, NT have checked log and trace files and the issue is with LimeFX. But do you think they could sort it out, not limefx broker reviews a chance, in the end I asked for a new account but am considering not bothering at all them. The communication with Daniel D was prompt and helpful advising that my matter would be escalated due to the time taken for my account to be activated.