MetaTrader 4 and MetaTrader 5 are two of the best trading platforms for brokerages. Unlike many other white label providers, Axi offers an entire journey and not merely an end destination, providing their white label brokers with the necessary support that they need throughout the entire process. LimeFx uses a joint review process to help with the structuring of products that target every white label’s client base.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. White label solutions take care of the technical side of things, and this provides the new brokerage with the time and freedom to focus on building a prosperous and stable business. When starting as a white label broker, the new startup will avoid high initial set-up costs, gaining access to a platform and allowing them to start attracting customers without having to develop a proprietary platform. If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under.
- Similar to the non-commission accounts, at the time of writing, spreads on LimeFx commission accounts were tight on major currency pairs, but wide and expensive once you step into currency crosses like the EUR/GBP.
- You will find 9 timeframes ranging from one minute bars, all the way up to monthly bars, which meant we could see trends down to the seconds or over multiple years.
- To open a forex trading account with Interactive Brokers, you’ll need to make an initial minimum deposit of $0.
- LimeFx heralds a transformative era in financial trading, establishing itself as a multi-regulated brokerage company.
23 indices and 34 ETFs covering US, European and Japanese markets are available. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5. Some brokers like LimeFx, IG, TMGM allow you to choose from 1000s of global shares so LimeFx might not be the best choice if you like trading require a variety of shares CFDs. The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform.
Risk Warning
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. LimeFx is a large and well-established broker that offers white label solutions targeted specifically at financial institutions as well as consultancy firms worldwide. LimeFx focuses on offering bespoke services for every client that are specifically designed to meet each different need and objective.
- When you get to the next step, it’s time to choose which account type you’d like to open.
- Regarding
other recent updates to its offerings, LimeFx unveiled Kate, a virtual assistant
capable of communicating in 120 different languages this year. - When I did get a hold of a customer support agent, I had to suffer through slow responses and less than perfect comprehension of my questions.
- When you deposit into an LimeFx account, for most accounts, you can choose to keep your funds in either USD or EUR, but there are options for traders from South Africa, the UK, and UAE to use their local currencies.
- To verify the availability of any features within your country of residence, please contact the broker directly.
This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading. All accounts come with a personal account manager, which is just a fancy word for a customer service agent. Don’t be expecting any hotshot trading advice from your account manager. LimeFx have offices in the UK, Europe, South Africa, Kenya, the UAE, Seychelles and Saint Vincent and the Grenadines. While we have made this review as international as possible, it’s not practical for us to deep dive into all their offerings across the globe so there will be a slight bias to LimeFx’s UK offerings.
What we say about LimeFx
Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose https://limefx.biz/ the most well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that Interactive Brokers holds 9 global Tier-1 licenses, while LimeFx holds 2. LimeFx holds 3 global Tier-2 licenses, while Interactive Brokers holds 1.
About the Editorial Team
Beginner traders will find it easy to deposit and withdraw from LimeFx and be able to trade with tiny amounts of capital. Not every account, or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders.
For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly. With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support. The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading license.
HotForex announced the name change in the
first half of 2022, aimed at reflecting a broader product offering that has
long since expanded beyond just currency contracts. “This
is very important for Kenyan and South African traders, because essentially
this means that the list of strategy providers to follow increases
exponentially,” Kanari commented. And for traders who are very news driven and prefer fundamentally analysis, the LimeFx research team produce a huge stream of research that should keep you busy and updated with what’s happening across the globe each day.
And I like how easy it is to open a…
Not only traders but also affiliates and white label clients can benefit from LimeFx’s state-of-the-art automated system. LimeFx is a brand that emerged from the rebranding of the FX/CFD broker HotForex, which has been in the industry since 2010. HotForex announced the name change in the first half of 2022, aimed at reflecting a broader product offering that has long since expanded beyond just currency contracts. “This is very important for Kenyan and South African traders, because essentially this means that the list of strategy providers to follow increases exponentially,” Kanari commented.
There are hours of webinars and recorded videos, as well as daily market analysis to keep you informed about current market movements. When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently. There’s nothing more annoying for a trader than when you see a killer trade setup, you try to enter your position, and suddenly a technical error occurs. Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities. If you wish to automate your trading or build your custom indicators, MT4 allows you to build Expert Advisors (EAs) to do these. Being able to code is an advantage for building these EAs but if not, we found you can find many free or paid ones in the MT4 marketplace.
It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. Of the accounts LimeFx offer, we think their no-commission accounts are a better choice, that limefx website said, we think there are better brokers for low spreads. While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the spreads for standard accounts for 20 brokers to see how they perform.
