The analyst insights often include expert commentary, technical analysis, and fundamental insights on various financial instruments such as currencies, commodities, and indices. In particular, I would recommend Capitalise.ai for users interested in algorithmic trading but that don’t have coding skills. You can enter instructions in text form and the tool will sort the coding for you. When testing the in-house platform, I was struck by its ease of use and intuitive design. Both analysis and trades can take place directly from the chart with a few clicks, and the handy sidebar makes it very easy to cycle through tradeable assets. Moreover, I rate the forex baskets on offer, covering the US Dollar and Japanese Yen.
Forex Capital Markets (Lime Fx) is an award-winning and leading provider of online foreign exchange (FX) trading, stocks, CFD trading, Cryptos, and related services worldwide. The broker was founded in 1999 with a mission to provide access to the financial markets via innovative tools and superior trading conditions. I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan.
Alternative Brokers
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. These include online courses, webinars, video tutorials, trading guides, eBooks, and a forex glossary. They cover various topics such as technical analysis, fundamental analysis, risk management, trading strategies, and more. With that said, most retail traders will only regularly trade a small selection of currency pairs.
Does Lime Fx charge commission on trades?
This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. Other than that, I feel that Lime Fx is a top broker for anyone who is looking to trade in a regulated environment with industry leading platforms and tools, backed by 24/5 support. There is even the option of a free demo account if you want to give them a try before making a commitment. Sierra Chart is a professional trading platform for the financial markets, compatible with many externally available trading services.
If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month. Lime Fx provides traders with its proprietary Trading Station, the MT4 trading platform and ZuluTrade. It also maintains six specialty trading platforms for algorithmic traders and Capitalise AI. 67% of retail investor accounts lose money when trading CFDs with this provider.
Amazing customer support
The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Lime Fx 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. Lime Fx’s price engine examines the price feed from the liquidity providers and selects the best price.
Here is a screenshot of the Lime Fx Trading Station platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. When it comes to charts, Lime Fx provides more than 50 technical indicators such as Bollinger Bands and Klinger Oscillators. Lime Fx clients also have access to a feature called Market Scanner that uses technical indicators to create buy and sell signals.
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. Lime Fx’s mobile trading apps are recommended, offering robust features that ensure traders can manage their accounts and positions from anywhere.
Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. Lime Fx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. 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. Lime Fx add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per limefx side for commission-based accounts in place of overnight fee or swap rates.
Once I understood why it was taking time, then I was happy to wait. Vanya Gencheva and Joseph David both helped to get upscale the problem and the Techies have now solved it and I can trade again. I used to use Lime Fx when they were starting out around the early 2000s.
- CFD trading is a type of derivatives trading which means that you trade on prices derived from underlying markets.
- Lime Fx offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements.
- Professional and corporate accounts are also available upon request.
- 59% of retail investor accounts lose money when trading CFDs with this provider.
Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. All CFD option is commission-free, which means costs are included in the spread. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. An Lime Fx No Dealing Desk Brokers determines the best execution means which can result in Lime Fx acting as a market maker or using a dealing desk. I do note, however, that I limefx courses scam had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions.
It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms. Jay and Julie Hawk are a married financial writing and authorship team who co-founded TheFXperts, a notable financial writing services provider. The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them.
Keep in mind, when you trade on Lime Fx’s MT4 platform, the execution, trading features, and settings may vary from that of the flagship Trading Station platform. I like how the broker offers free MT4 EAs and apps that can automate part or all of your strategy, saving you crucial time in technical analysis. Founded in 1999, London-based Forex Capital Markets or Lime Fx is a major international online forex and contracts for difference (CFD) broker that also provides spread betting and related services. The broker offers its clients innovative trading tools, proprietary data and premium educational resources. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.