Before working at TradingPlatforms, Dassos worked as a writer for EuropeFX Financial Services. It was during his time here that he developed a passion for financial writing and grew his knowledge of trading, investing and cryptocurrency. After having completed the application you will be given your login credentials.
Supported Trading Platforms
The ForexConnect API offers the same functionality that is available on the powerful LimeFx Trading Station. This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more. ForexConnect supports C++, C#, Java, VB, VBA, compatible with .Net, Linux, iOS and Android, and it is free which is great. FIX API is FIX Protocol standard designed for real-time, custom institutional interface which push up to 250 price update per second (not available on other APIs). An LimeFx Trading Station account with a $5,000 minimum balance is required. REST (Representational State Transfer) API is a web-based API using a Websocket connection that was developed with algorithmic trading in mind.
Ripp off Spread
You can even develop your own if you have the programming skills to do so, or hire a freelancer to bring your strategy to life. That being said, it is great to see that LimeFx have also included a very generous range of additional tools to help support your day trading activities. I found them to be really helpful for market research and analysis. You certainly won’t be short of inspiration for trade ideas with this broker.
Indices
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. Also, there are multiple trading platforms available with advanced features. The marketplace offers apps for fundamental traders, trend traders, and range traders among other categories. In addition, beginners and experienced traders have access to high-quality educational materials and great research tools.
So, let’s take a look at the markets and products you can access when trading with LimeFx. Perhaps the most attractive feature of contracts for difference trading is that investors have access to leverage. Simply put, with leverage your purchasing power increases, as you are only required to deposit a percentage of the investment’s total margin to open positions. On the one hand, this lowers the overall cost of opening a position, but on the other hand, leverage comes with the inherent risk of maximizing potential losses. The LimeFx Trading Station platform is designed to appeal to many types of traders. Traders can deposit and withdraw funds for no fee charged by LimeFx.
Filippo specializes in the best Forex brokers for beginners and professionals. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. This includes a selection of major, minor, and exotic pairs with some forex futures also available.
We found LimeFx’s fee structure to be very competitive, especially with an average EUR/USD spread of 0.74, which is below the industry standard of 1.08. Combined with VIP discounts for active traders, LimeFx proves to be a cost-effective option. If you are unable to effectively take advantage of these active trader discounts, however, you’ll find pricing to be overall higher than average. LimeFx presents an exciting offering for advanced and algorithmic traders with its impressive range of platforms and tools. Since our last review, TradingView and Capitalize.ai have been added to the lineup.
- In particular, I would recommend Capitalise.ai for users interested in algorithmic trading but that don’t have coding skills.
- LimeFx is an internationally regulated broker, but you should make sure that it’s regulated in .
- The award-winning proprietary Trading Station is brimming with useful features for traders of all levels and sorts.
- LimeFx provides traders with its proprietary Trading Station, the MT4 trading platform and ZuluTrade.
- ✅After completing the application and sending it in for evaluation, you will get a username and password that will allow you to access the client site.
LimeFx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. However, some traders claim such a strategy might not be profitable. Even though the broker is highly trusted and has many years scammed by limefx of experience, you can check others as well. Understanding the benefits between the brokers can easily change your choice. Card withdrawal processing time is in 1 business day while wire transfers take up to 5 business days. Starting with Australia, South Africa, the EEA zone and everyone else.
Liquidity providers are often banks and large financial institutions. Prices come directly from a number of different liquidity providers and the LimeFx matching algorithm displays the best bid and offer prices available at any given time. https://limefx.club/ The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms. It does not have the most beautiful interface and requires some time and effort to learn, but that is typical of advanced platforms.
These products may not be suitable for everyone and you should ensure that you understand the risks involved. Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background.
However, depending on your residence country, you should trade with different entities. Listed below you can find all the countries where this company is registered. The actual amount depends on when the country where the account is based. Following a simple sign-up using their personal details and a handful of questions, traders have full access to the platform.
Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. LimeFx allows trading in 43 forex pairs and 440 tradeable symbols, which remains below the industry average of 3,623 tradeable symbols. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. LimeFx offers the MetaTrader 4 mobile app, which is available for Android and iOS.
The broker does well in providing you with the premium version of the service for one-year for free. The tradingview software is excellent for research and can help you very much in identifying market patterns. MT4 with LimeFx is available on mobile and smart devices as well as on desktop, though the webtrader is not provided. The platform will run on Android or iOS devices while the desktop variant works with Windows or Mac.
For example, in Australia, client funds are held in Citibank, Australia; which is an established international bank. For the European clients, their funds are further protected by the insurance provided by the ‘Financial Services Compensation Scheme’ (FSCS). If in the future LimeFx goes bankrupt, the FSCS can pay compensations to eligible clients. There is also a rebate program that allows cash rebates depending on the volume you trade, which is a perk for active traders. The analyst insights often include expert commentary, technical analysis, and fundamental insights on various financial instruments such as currencies, commodities, and indices.