LimeFx has partnered with two renowned VPS providers to bring this service to its clients. I have my own VPS from a third-party provider that I find to be an invaluable tool for running my automated systems around the clock on multiple instances of the MT4 platform. This way I can test how they perform on different brokers without needing my own computer constantly running. It is worth mentioning that you can get a free VPS from other brokers including IC Markets.
LimeFx offers hundreds of trading instruments on its platforms, covering various asset classes. I think there is more than enough financial instruments to create a diversified portfolio, with something for everyone to trade regardless of your interests. LimeFx provide CFD trading, which allows you to trade the price movements of currency, stock indices and commodities like gold and oil without buying the underlying product. When you trade CFDs (contracts for difference) with LimeFx, you can speculate on price between when you open and close the CFD. The difference in price is the profit or loss, minus any broker fees. I was impressed with the amount of free educational content that LimeFx has available.
- Readers are advised to note that the broker supports the trading of cryptocurrency as CFDs rather than actuals.
- LimeFx take care of the “little” traders as well as the Professional.
- You should consider whether you understand the risks involved.
- For the globally presented offices, each of them as a branch of Forex Capital Markets Limited follows the country’s financial authority and is licensed accordingly.
- These accounts are kept with top rated banks in Europe, Australia and other LimeFx country of operations.
BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Charting tools are of institutional grade quality, there is an extensive list of indicators available and traders with their own modelling ideas can use Ninja Trader to support automated trading.
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. Available for both Android and iOS, the copy-trading app enables you to access the markets and manage your account anytime, from anywhere. LimeFx offer many different platforms to suit your trading needs, including the popular MetaTrader 4 platform and their very own proprietary Trading Station.
LimeFx User Experience
The demo account and the lessons are great if you are a beginner at forex trading and you want to practice with virtual money. LimeFx users have access to a basic pack of tools plus a great selection of technical analysis tools. The charting tools are outstanding and very customizable with more than 50 available indicators. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.
- You can also open a demo account to test the broker’s services and platforms before committing any funds.
- Users can contact customer support via email, live chat, and phone.
- When investing in crypto CFDs with LimeFx, the trading fees are included in the spread and there are no commission fees when opening and closing positions.
- With more than 9 years of experience in financial trading, we know what a good online broker is.
- FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.
The free APIs are REST API, FIX API, Java API and a ForexConnect API. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. There are a lot of deposit options at LimeFx, including https://limefx.group/ electronic wallets such as Neteller, Skrill, Unionpay. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.
Refund of $1000 received from LimeFx…
LimeFx have done well to set up the link with one of the best-known social traders as this means clients have a choice of four, very different, but very special trading platforms. The index ratio tells you whether traders are net long or short a particular currency pair, and to what degree. And the Real Volume indicators which are exclusive to Trading Station and pre-loaded on the desktop version open up unique access, giving you strategy support with real market sentiment. The site contains features that are extremely useful for beginner traders, including an extensive educational resource. At the same time intermediate and advanced traders can position themselves to benefit from LimeFx’s experience of meeting the exacting demands of institutional grade clients.
In-house Trading Station Platform
It gives the latest news and happenings in the economic activities of different nations. This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions. NeuroShell Trader’s point-and-click interface allows you to easily create complex technical analysis indicators, trading systems and neural network market forecasts without coding of any kind. 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.
It is available as a windows desktop downloadable application and also as mobile app for iOS and Android devices. I prefer the desktop platform as it has the most functionality and supports automated trading. I think MT4 is an excellent choice of platform for anyone who wants to develop their own trading strategies for both manual and automated trading. It is very easy to use with limefx reviews a fully customisable user interface that makes trading online a breeze. Keep in mind, when you trade on LimeFx’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.
LimeFx and the Competition
Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx. Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced traders.
Professional traders are only compensated with an agreed amount of commission or salary. However, users can only trade a limited selection of forex and CFDs, and the mobile and desktop platforms are lacking in usability when compared to the competition. Spread pricing data is available on the spreads cost page on their website. There are no side-by-side comparisons to help users determine the real cost of the trade, though. This lack of data is a potential deterrent for traders, but it is by no means a huge concern.
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.
Besides all the benefits provided by this broker, we noticed that the range of instruments offered might be not enough for some traders, also the availability of certain assets depends on the entity. Based on our Expert finds, LimeFx provides great trading conditions for Forex and CFDs. They offer a global platform that is suitable to trade internationally, including European clients as well as beginning traders looking for technical solutions. The broker customer support is provided in various languages and available 24/5. They can be reached via many phone numbers listed on the website for different countries. I think they could improve by offering 24/7 support and I haven’t always had the quickest response via email.
The information provided on the LimeFx website is purely for information purposes and should not be regarded as an encouragement or recommendation to invest in financial instruments. LimeFx also provides negative balance protection to retail clients. After having completed the application you will be given your login credentials.