However from this point on, LimeFx was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx is a unified brand name of the HF Markets Group which encompasses global licensed entities. Offers various accounts, trading software and trading tools to trade Forex, Indices and Commodities for individuals and institutional customers. Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry. At Atomiq Consulting we leverage our extensive knowledge and industry experience to provide a solution that can help your brokerage rapidly increase its bottom line.
- Good to see that my broker keeps pace with the latest trends and demands of their clients.
- The lessons can be as simple as explaining basic market terms, to advanced as learning how to build mathematical models to analyze and trade markets.
- Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs.
Whether you are looking to outsource forex support, or just focus on sales, we are confident that we can find a solution to accommodate your needs. Even if one were to employ an experienced sales team, it will take time for them to understand forex lingo before they can sell properly. For this reason, it makes sense to outsource forex sales to a firm with the necessary industry experience. Our forex call center differs in a variety of ways from a traditional, outsourced call center. Although it can be tempting for new forex brokers to hire the first call center that makes a reasonable offer, this could be a costly mistake.
Unfortunately, if you are in Australia, Canada or the USA you cannot sign with LimeFx. The broker also shines when it comes to education and its global research team, which publishes a large stream of articles and webinars to keep you on top of market news. But please fix a minor bug on the “position size calculator”, when trying to select currency pairs. Now you can deposit, but even more importantly you can withdraw your profits directly into your crypto wallet.Great addition, which makes LimeFx an even better broker. Good to see that my broker keeps pace with the latest trends and demands of their clients. Beginner traders will find it easy to deposit and withdraw from LimeFx and be able to trade with tiny amounts of capital.
About this app
The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading license. A PAMM account takes copy trading to a more advanced level and allows you to sign up as a fund manager, where you can manage funds for investors at a pre-agreed percentage of profits. For the EUR/USD pair, LimeFx has a spread of 1.2 pips , which is lower than the industry average of 1.35.
- That’s why it’s super important to check up on a broker’s regulatory situation before even opening an account.
- LimeFx offers a wide range of tradable markets, including forex trading, stocks, indices, bonds, commodities, ETFs, energy products, and even crypto CFDs.
- In this LimeFx review, we’re going to take a deep dive into the reality of trading with LimeFx, who should be interested in this broker, and whether the marketing claims stack up in reality.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
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). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The most successful brokerages are those who employ a sales oriented support team as well as sales staff. It’s important to note that the existing clients of a brokerage tend to account for a larger share of new capital than new business.
About the Editorial Team
When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently. LimeFx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks. That’s why it’s super important to check up on a broker’s regulatory situation before even opening an account. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. The features found in the app are a bit more basic compared to the MT4 and MT5 app and much more basic than the MT4 and MT5 webtrader and desktop versions. It was very easy to set orders to enter and exit the market, as well as place stop-loss orders.
It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools https://limefx.name/ (44 vs 23). You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting. All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders.
One of the highest commissions in the industry
Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. The firm offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs. All that said, LimeFx do have the most popular traded pairs which is all most traders will need.
And I like how easy it is to open a…
If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better to use its more powerful successor MetaTrader 5. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with. We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app. Standard and commission based accounts are available but we are on the fence in terms of their costs.
In this LimeFx review, we’re going to take a deep dive into the reality of trading with LimeFx, who should be interested in this broker, and whether the marketing claims stack up in reality. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this limefx official site block including submitting a certain word or phrase, a SQL command or malformed data. Access a wide range of desktop, web and mobile Trading Platforms including the LimeFx platform, MetaTrader 4 and MetaTrader 5. We have created a mobile experience specifically tailored to the needs and demands of our traders.
At LimeFx, you can access a wide variety of educational resources to help you improve your trading skills. Our exclusive trading tools will help you take your trading experience to the next level. 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 board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Due to the specialized nature of the forex industry, experienced support staff are a key ingredient to a successful fx call center.
And I like how easy it is to open a trading account with this company. From the beginning of the account registration process to thr start of trading took very little time.Verification process was also simple. I took photos of my documents and sent them for verification.There were no problems with the documents.