LimeFx Review: Key Findings for 2023

About £6 million was also paid in restitution to LimeFx UK’s clients for a total of £10 million ($16.9 million) in fines. Global Brokerage filed for bankruptcy in November 2017, but officially reorganized in February 2018. Jefferies Financial Group remains the de facto parent company of the LimeFx Group. On February 6, 2017, the firm agreed to pay a $7 million penalty to settle a suit from the U.S.

Pick a jurisdiction where Forex activities are legal and regulated, that suits your budget, timeline, and tax optimization objectives. If you rush and pick the wrong jurisdiction, you can end up making some very costly mistakes. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

A Managing Director of Jefferies Financial Group, which before the bankruptcy held a 49.9% equity stake in the operating company, was appointed chairman of the LimeFx Group board. LimeFx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its YouTube Channel. Research and educational content are of good quality, but trails category leaders such as IG and Saxo Bank in terms of quantity and variety. LimeFx is a leader in algorithmic trading solutions, whether you’re a beginner using Capitalise.io or an advanced coder using Python.

Check if their platform is quick to respond, stable, and easy to use, as well as full of analysis features like charts, signals, and automated trading. 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.

Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies . One downside for American traders is that many top forex brokers are based in the U.K. And simply won’t accept them as clients because of their citizenship.

Trade More and Get Paid

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFx was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in LimeFx. In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but LimeFx Group is not involved. Other than the issues with former U.S. clients, LimeFx has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation.

The broker also provides an extensive range of charting capabilities across its platforms. Our research team conducts thorough testing on a wide range of features, products, services, and tools . 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. With its wide range of available platforms and deep offering of trading tools, LimeFx has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, LimeFx has plenty of options. In our 2023 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools.

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. So, whether you’re new to online trading or you’re an experienced investor, LimeFx has customisable account types and services for all levels of retail traders.

Read our full explanation and accounting of our research and testing process to learn more about how we test. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information limefx courses scam covering the majority of the enquiries you may have. The mobile application is as easy to use as the web version of LimeFx, which is complete with the option to bring dynamic charts to full screen for convenience. The only downside is a lack of customization in the applications, and there is no additional security, just the login password.

The company also named Jimmy Hallac, a managing director at Leucadia, the chairman. Although a wide variety of third-party platforms are supported for algorithmic trading, MetaTrader 5 is not available at LimeFx. Pricing with LimeFx is reasonable, although not the best you will find. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page. Keep in mind that these are averages, so the spread may be higher or lower at any given point.

Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals. In terms of education, LimeFx offers a live classroom, trading guides, speakers, and a video library. There are enough educational tools to give beginners a head start, particularly when combined with the demo account. The research tools and speakers can appeal to more experienced traders.

Чат менеджер, менеджер з продажу (гаряча база, tier

All clients affected by price slippage were compensated within 30 days as part of the terms of the NFA deal. In October of that year, the Commodity Futures Trading Commission ordered LimeFx to pay $14.2 million in restitution to clients who had not been awarded positive slippage gains. From 2005-January 2017, LimeFx faced a total of 13 CFTC reparations cases, 17 NFA arbitration decisions, and 8 other regulatory actions in the U.S.

• Pricing with LimeFx is reasonable, although not the best you will find.
• Upon completing the application you will be provided a username and password.
• Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday.
• LimeFx is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe.

Make sure you do your research on your target demographic to display content that will appeal to them in places they will see it. Being transparent is one of the most important parts of the business and is something your customers will judge you on. One would come across a dishonest broker quite often five or six years ago. Frauds ranged from manipulations with deposits to manipulations with price charts and client trades. Better your strategies and advisers, and familiarize yourself with the platform’s functions on a demo account. LimeFx offers a limited selection of CFDs, and its offering of exchange-traded securities was recently discontinued.

2014: Legal issues and initial public offering

LimeFx is one of the forex platforms with the longest histories, providing a reputation of reliability. It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms. Apart from all those options, there are numerous advanced tools available. Even just the proprietary platform, Trading Station, has advanced features that set it apart. LimeFx will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think LimeFx has sufficient instruments will find no shortage of tools to help them with analysis and charting.

The following table summarizes the different LimeFx products available to LimeFx clients. There are abundant support resources online and on the LimeFx website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for LimeFx’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom.

Pricing

There is no Zero or ECN account that charges a commission, so all account holders with LimeFx are charged spreads. At the beginning of the month , a fee equal to 30 units of the base currency will be debited from any of your LimeFx Account to cover the VPS cost for each subscription. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. On January 15, 2015 following a large increase in the price of Swiss francs, LimeFx lost $225 million and was in breach of regulatory capital requirements. The following day, the company received a $300-million bailout loan with a 10% interest rate from Leucadia in order to meet its capital requirements.

LimeFx dates back to 1999, making it one of the earliest forex brokers. Despite originally opening in the U.S., LimeFx is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale.

Forex Risk Disclaimer

LimeFx is a leading provider of online foreign exchange trading, CFD trading and related services. At ForexBrokers.com, we track where each forex and CFD broker is regulated https://limefx.club/ across over 23 international regulator databases. In our analysis of 23 international regulators across 50 brokers, LimeFx earned a higher Trust Score than LimeFx.

Overall, LimeFx’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. 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. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.

While you may be familiar with many of the brand-name online stock brokers, only some of them deal in forex trading. Instead, a plethora of more specialized niche brokers populate the space, and they may cater to high-volume currency traders looking for every possible edge. Since 1999, LimeFx, also known as Forex Capital Markets, has been limefx a pioneer in developing online forex offerings for retail traders. With its headquarters in London, 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.

Trade your opinion of the world’s largest markets with low spreads and enhanced execution. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.