If you want access to crypto markets, you will need to sign up for an Lime Fx subsidiary outside of the United Kingdom. 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. 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. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well.
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ForexBrokersOnline.com aims to provide the most limefx official site comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Lime Fx is well-suited to a diverse range of forex traders thanks to its competitive spreads, flexible accounts and customizable platforms.
Tools & Features
- The broker’s multilingual phone service and the live chat feature on its website are available 24 hours a day, 5 days a week.
- Lime Fx offers competitive pricing with average spreads for popular currency pairs such as EUR/USD at 1.3 pips and GBP/USD at 1.8 pips.
- This lets you assess the broker’s research and educational resources and practice trading.
- 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.
- Lime Fx’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics.
- With its headquarters in London, Stratos Markets Limited (“Lime Fx”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
We tested the live chat function several times over a week and found that each time responses were timely and the customer service representatives were knowledgeable, professional, and provided helpful assistance. 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.
How To Open An Account
The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them. Together, they write books, trade forex online for their own account and others, mentor traders, and have worked actively as professional freelance writers specializing in financial topics for over 15 years. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
- Because of the range of platforms offered by Lime Fx, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek.
- 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.
- This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors.
- Not only does Lime Fx offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms.
- Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers.
- Lime Fx Group is a holding company of Stratos Markets Limited (“Lime Fx”), Stratos Europe Limited (trading as “Lime Fx” or “Lime Fx EU”), Stratos Trading Pty.
Does Lime Fx offer educational tools for investors?
There is a total of 39 currency pairs available with Lime Fx, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, Lime Fx does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD.
Execution
These regulatory bodies enforce strict financial standards on Lime Fx, including capital adequacy requirements, and have the right to fine firms and terminate their regulatory status for violations. Accounts with Lime Fx are also segregated in accordance with client money rules, providing added protection for client funds. New traders can benefit from Lime Fx’s extensive video library, helpful educational resources and support for copy trading, while more advanced traders can take advantage of the broker’s algorithmic trading and API options. Also, MetaTrader 4 users can automate their trading using “expert advisor” or EA software they can program themselves or obtain from third parties. Novice traders can take advantage of Lime Fx’s extensive educational and research resources, limefx as well as its video library that covers a wealth of trading topics. 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.
Non-Trading Fees
This also comes after the broker reduced its spreads by up to 54% on selected forex, stocks and other CFDs in 2022. The result is that Lime Fx is now a great option for traders seeking tight spreads in a commission-free trading account. While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF. This compares well to leading forex brokers, including Pepperstone and AvaTrade. Lime Fx no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients.
Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay. While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay.