If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available.
Free Practice Account
LimeFX list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFX to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. LimeFX can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.
With its headquarters in London, Stratos Markets Limited (“LimeFX”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally. The range of products available to you will depend on which global entity under the LimeFX Group houses your trading account. In addition to a growing selection of over 300 CFDs that includes fractional shares and 43 forex pairs, LimeFX offers exchange-traded securities across 43 exchanges in Europe, North America, and the Asia-Pacific region. The following table summarizes the different investment products available to LimeFX clients. Our review of LimeFX found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms. 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).
Other trading platforms
We test all available trading platforms for each broker – whether they are proprietary or limefx official site come from third-party providers – and evaluate them based on a host of data-driven variables. The difference between the total trade value and the trader’s margin requirement is usually ‘borrowed’ from the forex broker. Traders can usually get more leverage on forex than other financial instruments, meaning they can control what is forex market a larger sum of money with a smaller deposit.
- No matter what your approach to forex trading may be, rest assured that LimeFX has your trading needs covered.
- If you are a high-volume investor, then the Active Trader account may be for you.
- Trading Station Desktop opens up a world of potential opportunities with custom indicators, strategy optimization, strategy backtesting, and robust charting for serious traders.
- This is LimeFXs offering to all clients who don’t qualify as an Active Trader.
- The range of markets available with LimeFX is quite broad however you can find other brokers that offer more choices for each financial instrument.
- It has a fresh modern look and a cleaner user interface, along with exciting new features that make this our best web-based platform yet.
Raw Account Spreads
Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an LimeFX subsidiary outside of the United Kingdom. The range of markets available with LimeFX is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put LimeFX at the lower end of the broker for currency choices.
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LimeFX is a global forex provider trading with various LimeFX entities in the UK, Europe, Australia and South Africa. We found that LimeFX has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Finally, some of LimeFX’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients.
In April 2019, trading in the United Kingdom accounted for 43.1% of the total, making it by far the most important center for foreign exchange trading in the world. Owing to London’s dominance in the market, a particular currency’s quoted price is usually the London market price. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN.
If you are a high-volume investor, then the Active Trader account may be for you. This account offers LimeFX’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier.
When comparing the spreads to other brokers, LimeFX at first glance appears to have only average spreads. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 limefx broker reviews trades placed during that time.