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You can check the performance of your portfolio and individual Traders inside ZuluTrade platform. Just keep in mind that there is no guarantee on how the trading signals will perform and historical performance is no reflection of what will happen in the future. I actually prefer to maintain control over my own trading as I think this is the best way to learn from your mistakes and become a better trader. I also feel like some of the ZuluTrade strategies are quite high risk, utilising potentially dangerous grid trading and martingale money management. Therefore, it is imperative to do your own due diligence before copying any traders.
The ability to manage your position sizes with small contract sizes as micro-contract sizes provide the flexibility to risk less capital per trade. I am very happy with LimeFX I signed up because it is compatible with trading view which works seamlessly , mobile app keeps me intouch with live trades when I’m away from my computer which is convenient. With LimeFX, you can get trading signals delivered daily to your mobile. Geo-political events as well as many other macroeconomic factors influence price action and create volatility.
LimeFX has headquarters in Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States. They are generally well-suited for LimeFX to provide their Forex/CFD trading services to global clients. SeerTrading – Another trading platform that can assist with automated trading. MotiveWave – This tool provides charting for both technical and also algorithmic traders. Slippage can make a big difference to your trading success. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change.
How safe is LimeFX?
The account presents trading spreads from 0.1 pips and other competitive benefits like API solutions as well as prime brokerage services. Compare Forex Brokers was created to help Australian forex scammed by limefx traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from provider’s websites or actual trading accounts.
- Please note that not all countries can become LimeFX customers.
- It allows the client to build and test their algorithms directly via LimeFX platforms.
- In addition to minimal trading costs, the broker offers multiple sophisticated trading platforms.
- Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
After years of existence, LimeFX has expanded its services, adding to its tradable baskets more securities for trading. LimeFX wavered its Mini Account offering and reduced its CFDs to 32. Since the online forex revolution erupted, LimeFX emerged and joined the first few brokerage companies operating back then. LimeFX offers trading instruments from forex, commodities, cryptocurrencies, shares, indices, and baskets. LimeFX has multiple payment options for deposits and withdrawals, including wire transfers, debit/credit cards, and e-wallets.
LimeFX indeed conduct a very convenient way for account opening, so you can set a free practice account, which allows testing the platform and experience account benefits. LimeFX offering quite attractive options for beginners, also proposing welcome bonuses that are available for some entities under certain conditions that you may check on the current website. For the globally presented offices, each of them as a branch of Forex Capital Markets Limited, follows country financial authority and licensed accordingly. Limited is regulated by the ASIC, LimeFX Germany partially regulated by BaFin, LimeFX Italy is subject to the control of CONSOB and FSCA authorization in South Africa. No, LimeFX is not a scam, the Companies that constitute the LimeFX Group is regulated through several and actually the most strict world jurisdictions including top tier FCA and ASIC. On the flip side there is withdrawal fee for Bank Wire transfer in some regions, and there is no 24/7 support.
If you are looking forward to trading CFDs and Forex across a variety of platforms, you could as well do that on the LimeFX platform. One other fascinating feature on the mobile platform is the prompt notification offered. Many mobile platforms out there will allow customers to pre-set notifications for prices, margin levels, and market conditions.
Interest-Free Account – for Islamic traders
There are plenty of order types to choose from on the LimeFX platform such as market orders, limit orders as well as some order time limits like GTD and IOC. LimeFX users can limefx company reviews buy and sell 40 different currency pairs including majors, minors, and exotics. These include AUD/CAD, EUR/JPY, GBP/JPY, USD/JPY, EUR/USD, USD/TRY, just to name a few.
LimeFX also holds an active trader program with different tier levels that vary from country to country. Clients can enjoy reduced commissions based on their traded volumes. As far as the pricing structure of the LimeFX is concerned, the broker employs slightly higher pricing slabs. With an average spread of 1.4 pips on EURUSD, LimeFX prices tend to fall on the higher edge when compared with the industry standards. Provisioning price discounts, the broker also hosts a cash rebate program in various tiers. Tier 01 clients with a traded volume of 01 Million U.S Dollars can claim a cash rebate of up to $5.
These stats show that LimeFX completes your orders with no slippage more than 60% of the time. When we tested customer support, an agent was connected almost immediately both on the live chat and phone. The LimeFX mobile trading platform isuser-friendly and well-designed. However, when we tested the platform on iOS, we felt that the platform’s layout was not optimized for newer iOS versions. The bank withdrawal fees depend on the currency and where the target bank account is located. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.
Deposit and withdrawal
The order window offers both simple and advanced options, such as one order triggering or canceling another. Trading Station platform interface is very basic and could be difficult for new traders to interpret. LimeFX offers only one Live account, and it comes with all their features.
- LimeFX charges no withdrawal fees for credit/debit cards, but bank transfers may cost up to $40.
- For example, a single contract of BTC/USD at LimeFX is the same as one percent of the underlying price of Bitcoin.
- One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts.
- Being a registered member of the Financial Service Compensation scheme, LimeFX also offers insurance against the financial loss of up to 50,000 GBP.
You can perform distraction-free trading and investing, with more charts, intervals and indicators. The broker provide access free of charge when you open an account with them. LimeFX obtains its pricing from premium liquidity providers which includes global banks and financial institutions. Some of them are Barclays Bank Plc, Citibank N.A, Deutsche Bank AG, Jefferies Financial Services, etc.
The Trustpilot Experience
The following table summarizes the different LimeFX products available to LimeFX clients. For traders who appreciate advanced trading tools and quality market research, LimeFX is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow, and the pricing at LimeFX is just average.
- The stock exchange listing increases transparency, as the company publishes annual reports.
- We are committed to the fair handling of reviews and posts regardless of such relations.
- Trading with LimeFX is supported by enhanced execution with the Liquidity providers’ stream pricing through the FastMatch Electronic Communication Network.
- This can be important because the investor protection amount, the maximum leverage allowed and the regulator differs depending on the entity.
I’ve been with them for almost three years and their system went down three times , causing interruption to me and rest of the LimeFX customers. Just recently, they raised cost of the spread for micro account. I had standard account before but switched to micro to keep the spread cost lower.
LimeFX provides a rich source of trading platforms for traders of all sorts. Check out our in-depth forex guides to learn more about the forex trading industry and about the best forex brokers. Our guide to the Best Forex Brokers for 2022 is a great resource for traders who are looking for a forex broker, and our Beginner’s Guide is a great starting point for newer, less experienced forex traders.
He majority economic owner of LimeFX is the Jefferies Financial Group. The background of the broker matters, as a strong economic owner https://limefx.group/ company reduces the chance that the company will go bust. Live webinars, pre-recorded videos and pdf booklets are available for free.