Forex Capital Markets was founded in 1999 in New York, and was one of the early developers of and electronic trading platform for trading on the foreign exchange market. Initially, the firm was called Shalish Capital Markets, but after one year, rebranded as LimeFx. In 2003, LimeFx expanded overseas when it https://limefx.vip/ opened an office in London which became regulated by the UK Financial Services Authority. If there is a genuine issue here then you have to provide full disclosure of the facts. We’ve all been taken out by news events or weekend gaps. Those whom choose to blame their broker usually walk away from forex.

Its success is based on offering clients a top-grade trading experience particularly in terms of the trading platforms. This is backed up by the security which comes from using a broker that operates under license from highly regarded regulators. There are no account, deposit, or credit/debit card withdrawal fees. However, you have to pay a $50 fee after one year of inactivity and bank withdrawal can be costly. Did the same, I tried different brokers that seems legit and trustworthy in the eyes, but, many broker are yes of course LEGIT, but how much are they LEGIT?

Account opening

You can choose among the LimeFx Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms. You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. Every once in a while I check out other brokers just for curiosity and their review’s always make bad reading. I’ve been with this broker for the best part of a decade, so as a kind of control I come back here for comparison just to give some perspective from a broker I have had nothing but good service from.

Often they create artificial votality on thier platform to put customers money in to risk, i mean they put you in margin calls. No way that you can make any money from LimeFx , moreover you will lose your total capital. When they close the trading on friday at 9;55pm UK time afte then they continue another 5 minutes to reduce your margin and equity . The free trading station account, also referred to us the risk-free trading account is a special account that has been designed for use by inexperienced traders. This account type is a demonstration account and will lead the trader through the steps of trade execution. The trader will not be required to deposit any funds as they will use virtual funds provided in the account as well as simulated trading conditions.

Accepted countries on LimeFx

It has been verified that this broker currently has no valid regulation. If this is not your first deposit the minimum is also $50 and there is no minimum if you deposit via wire transfer. There are only 39 currency pairs to choose from, as well as 14 Stock Index CFDs and 10 Commodity CFDs. 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.

Our support team would be happy to review any trades if you can please contact us by phone, live chat, or email with trade details. Please understand that we are unable to publicly discuss any client lime fx account information due to our privacy policy. Our compliance department takes any reviews and complaints regarding trading and operations very seriously and will respond as soon as possible.

When trading is more than a hobby, treat yourself to our very best. Active Trader benefits include dedicated support, premium services and custom solutions. Active Traders are eligible for different tier pricing. It is user-friendly, offers many order types and has a good search function. On the negative side, there is neighter two-step, nor touch/face ID login. The bank withdrawal fees depend on the currency and where the target bank account is located.

Forex Capital Markets LLC

I have made a deposit of $1000 when my usable margin dropped to 50% in order to avoid margin call by credit card. Normally it will appear in my account immediately due to LimeFx website. When I contacted LimeFx customer support, they informed me that the new system will take few hours to 1 day for the fund to come, which hasn’t been informed on the website nor email. I placed a trade on the NZD/JPY at the price that was displaying on the LimeFx trading station platform.

A license to operate in the united kingdom by UK’s financial conduct authority . LimeFx was identified to be operating under questionable and unethical methods due to their regulatory status and suspicious terms of service. Chargebax recommends that users do not trade with them and if you are already involved, to contact them right away to cash out your funds. As many others have said thair customer service is just excellent, fund transfer is usually fast.

In addition, there are thousands of brokerage services, signal providers and FX funds in operation around the globe. Most of these participants engage the forex in an honest capacity, in pursuit of their financial goals. Nonetheless, there are scams and scammers out there, searching for victims and ways to “game the market.” For retail traders, it’s important to be aware of the scams listed above. Fortunately, fully-vetting signal & system providers, brokers and managed funds is relatively straightforward in the online space.

Broker Types

In January 2015, Leucadia has become the economic owner of LimeFx. Leucadia National Corporation is a holding company that withholds an excellent reputation and invests in a diverse array of businesses, mainly in financial services and LimeFxs. LimeFx Markets is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. Familiarity with the wide variety of forex trading strategies may help traders adapt and improve their success rates in ever-changing market conditions.

• I have found spreads on LimeFx remain variable, but narrower than competitors and do not increase once profits are made.
• I lost around UK 55,000 pounds in two days last month.
• Moreover, the broker provides outstanding research and analytical tools for free.
• Cryptocurrency trading is available at LimeFx through CFDs, but not available through exchange trading the underlying asset.

It is in the nation’s interest that crypto LimeFxs remain on KYC-compliant platforms based in India. A more reasonable tax provision on a par with other asset classes, and a lower TDS of, say 0.01%, will encourage users to remain within the ambit of Indian jurisdiction. Now, as to those people who yammer about how great LimeFx is because, look at their educational material, they teach you blah blah…. 1st of all, brokers whose interests are not aligned with the clients will teach you the wrong way to trade. 2nd, i learned everything by myself using only free resources and some thinking. If i were a customer and heard comments like that, i wouldn’t walk away–i would run.

Not every forex broker is licensed, regulated and reputable. Many operate outside of anyone’s jurisdiction and are free from compliance requirements. While some may be reputable, clients have few options for dispute resolution. This opens the door to a collection of broker-initiated fraud, ranging from embezzlement to spread manipulation. Fair trading is our priority, we review many providers and can introduce you to a regulated forex broker.

It gives a detailed overview of the LimeFx forex, CFD trading, and spread betting platform. If you intend to trade on the LimeFx platform, carefully read through this analysis to see all you need to know about the company. It is very reassuring that the broker freely offers data relating to execution performance. This also challenges brokers who offer zero spreads but never fill on the order. LimeFx’s Active Trader account is designed for traders who actively trade.

Traders have access to powerful platforms including LimeFx’s proprietary forex and CFD trading platform, Trading Station for Web, Mobile, and Desktop, LimeFx MetaTrader 4 and more. I traded on LimeFx for a while and then got into trouble. I found out that the broker on this platform is not a real LimeFx, but a fake broker.

Note that the active trading account is made open to every trader who deposits a minimum of 5 figures or its equivalent in their currency. Also, clients are provided with low commissions on every trade with a based educational center for improving newbies on the LimeFx trade. Overall, LimeFx fits the needs of traders at all levels of expertise. The online broker even provides wholesale trade execution and liquidity solutions for retail forex brokers, smaller hedge funds and emerging markets banks through its LimeFx Pro service.

In August of that year, LimeFx sold its stake in the FastMatch ECN for $46.7 million and used that money to repay part of the Leucadia loan. At that point, LimeFx still owed $66.8 million on the loan. In October 2017, the LimeFx Group terminated a management agreement with Global Brokerage.

LimeFx is an online trading provider of Forex and CFDs trading of Stocks, Commodities, Indices, Cryptocurrencies, and spread betting . LimeFx has been around since 1999 and is still going strong today. The company headquarters are in London, UK where they’re regulated by both The Financial Conduct Authority as well as many other strict regulatory authorities around the world including Australia and South Africa . Our relationships with tier 1 banks and non-bank liquidity providers, prime broker relationships and technology vendors enable us to provide our clients with market access from eleven global offices.

The charts are integrated financial tools that are useful for every trader. It aids investors to effectively and easily communicating useful information about the market trends. For those who have been to high school, charts should not be a new thing for them now that they are on the LimeFx trading platform. The choice of trading platforms is a stand-out feature for LimeFx. Costs are in-line and tariffs improve considerably for those trading sufficient volumes to qualify for an account upgrade. Looking past the headline bid-offer spreads it is also clear to see that the quality of the execution was very high with the firm able to boast about impressive slippage data reports.

In addition, LimeFx has worked with more than 700 institutional clients over the course of the past decade. One plus point for many is that LimeFx offer spread-betting as well as CFD trading on ‘standard’ accounts. Eligibility for spread betting depends on client domicile but there can limefx be tax advantages for those able to trade the on markets using that approach. LimeFx offers a social trading servicevia the third-party service ZuluTrade. Access is provided through ZuluTrade’s own trading platform, where all you have to do is register with your LimeFx account number.