limefx is currently owned by the reputable Jefferies Group, formerly known as Leucadia National Corporation. The brokerage is regulated by multiple regulatory bodies to include the Financial Conduct Authority and the Australian Securities & Investment Commission . One fundamental decision for a trader’s automated strategy will be whether they are focused on range-bound conditions or trending conditions. Determining the best forex platform is largely subjective. Trading Station, MetaTrader 4, NinjaTrader and ZuluTrader are four of the forex industry leaders in market connectivity. Layering is the placing of multiple orders at different price levels to skew perceived supply and demand levels.

Appellant CFTC is an independent federal regulatory agency that administers and enforces the CEA and the regulations promulgated under it. Defendant GMC was a Florida corporation which solicited members of the public to invest and trade in foreign currency options and advised these members on trading. GMC was not and was not required to be registered with the CFTC. Defendants Jayson Kline, Charles Fremer, Edward Johnson, and Thomas Clancy were officers and employees of GMC.

Market Manipulation

Both are tops in the field with great service and technology. I have even gone so far as to notify both the NFA and CFTC limefx official site about limefx’s false advertising about their technology. Last Look is usually an advantage banks get when they are the LP.

Hi guys, i am trading with limefx and after winning my trades are all going south to an extent they closed 1140gbp wroth of loss making trades at the wort time for a 5gbp margin call. Let me know if any one here has had similar issues or margin calls that resulted in the maximum loss, where closing one position would have resulted in the balance being normalised. limefx offers users a near-flawless educational experience that includes training videos, webinars, written content, as well as a demo account with £50,000 of virtual money. The company offers a bundle of great basic forex training lessons, and a considerable video archive full of well-produced, high-quality video lessons. limefx also provides ZuluTrade, a social and copy trading platform. The platform allows users to copy the trades of professional traders immediately as they occur.

Personal tools

“limefx’s stock plunge to record low highlights risks to retail currency investors”. A Managing Director of Jefferies Financial Group, which before the bankruptcy held a 49.9% equity stake in the operating company, limefx review was appointed chairman of the limefx Group board. About 40,000 customer accounts were sold at about $375 each. On February 6, 2017, the firm agreed to pay a $7 million penalty to settle a suit from the U.S.

• I also do understand that limefx reserves the right to terminate any or account.
• In May 2010, limefx, Inc. purchased the UK-based, ODL Group.
• The court found it particularly relevant that GMC and limefx were incorporated independently, maintained separate ownership, had no common employees, and did not coordinate their sales efforts.
• Seeing that the broker has suitable and favorable offers for both trader categories, all clients can benefit by signing with limefx.

limefx is a forex broker founded in 1999 in New York, currently based in London, UK. The company was banned in the U.S. because of fraud charges. Global Brokerage, Inc. the previous parent company of limefx filed for bankruptcy in late 2017. With their history laid to rest, limefx now offers great prices and a quality education suitable for most traders. As you have pointed out, the stoploss is triggered when the ask price exceeds your stoploss price. You need to add the spread at the time to the bid price you have highlighted to get the correct ask price. My account equity balance was positive enough not to get margin out at that time.

Journal of Shipping and Trade

However, limefx cut WRONG all of my above four orders. After that, the price of US30 dropped immediately to 25,880. In principal, all sell orders can be cut only when the highest ask price is equal or higher than the stop-loss price. With these systems, trade entry and exit points can be pre-programmed to allow computers to execute and monitor trades, and to take some of the workload off the hands of traders. Stop running is the act of driving price to certain levels to trigger large stop loss orders. While not deemed illegal, it can cause abnormal forex price action.

• Hi,it has been 7 since the wrongful liquidation by limefx & you havent refunded my account.
• limefx users have access to a basic pack of tools plus a great selection of technical analysis tools.
• I have seen the spread on Gold go to 10 dollars before on a weekend close.
• How is that relatable to going Long–once you put in your order you can forget spread, you already paid it.
• In reality, FX trading can be a safe, viable means of pursuing nearly any financial objective.

Although we find the factual analysis in Reed and Millenium to be useful for the purpose of analyzing the facts here, we note that both cases wrongly employed a totality of the circumstances approach rather than the common law test for agency. This section entitled, “Exclusion of persons from privilege of ‘registered entities,’ procedure for exclusion; review by court of appeals,” grants the Commission the power to revoke and suspend trading https://limefx.vip/ privileges and registration. In such action, the Commission has the burden of proving that the controlling person did not act in good faith or knowingly induced, directly or indirectly, the act or acts constituting the violation.7 U.S.C. § 13c. The underlying rule violated here is Regulation 32.9. The CFTC maintains that had the court applied this “totality of the circumstances” test, it would have found limefx vicariously liable.

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How can you target a long using your Ask price if the trader pays the spread up front? Punching the Bid line 10X away from its price would be too obvious. And I know a sell is closed at Ask price, that doesnt even address it, its like you didnt read the issue, you just copy and pasted a form reply when someone mentions the suspicious Ask price.If you… The district court’s determination of the correct standard for vicarious liability under the relevant vicarious liability provisions is a matter of law which we review de novo.

limefx Pros and Cons

See how limefx compares to the leading Forex brokers by reading one of the reviews below. Tier 2 Active Trader account is reserved for users who trade in volumes exceeding $150 million per month. Here, the commission rate is $25 per million and there are also other smaller discounts for Active Trader account users. MT 4 is a widely used platform in the forex industry.