LimeFx Review A decent multi-asset broker with the widest range of assets
Portfolios can avoid ACAT fees by first liquidating (converting all positions to cash) and closing. The money can then be withdrawn and moved to another brokerage account. In addition, LimeFx offers an Every-Share trading plan for less than 1 million monthly shares transacted. For accounts trading at least 5 million shares per month, this lowers to $0.001.
I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts. If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option.
For the Cons, there are some limitations in education, and sometimes will be required third-party software for certain research tools. LimeFx says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls. Personally, I would expect my broker to willingly accept phone calls. There are several technical studies available, including Aroon Oscillator and ZeroLagMa. First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality.
The SterlingTrader Pro platform is
truly the platform for professional traders. Used by proprietary trading firms
and active traders all over the world, Sterling Trader® Pro gives traders the
performance and functionality they need to compete in today’s markets. Overall, LimeFx is a reliable broker with competitive trading options to choose from. Apart from a choice between industry-powerful platforms, account types, and execution models, LimeFx maintains low-cost trading.
- Hence active traders who are looking for brokers with profitable trading opportunities can surely select LimeFx as a reliable trading partner.
- We consider this a rather limited variety when compared to other brokers.
- What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance.
- Moreover, according to the official website customer service is available 24 hours a day for the users to ask questions, seek advice or adhere to any technical support that they require.
- The first step is to open the official website of the broker and on the very first page either click the tab “apply” for live trading and “demo” for opening a demo account.
If you’re wondering is LimeFx safe, however, I do have good news for you – both the exchange, and the interfaces that it utilizes are completely safe to use. Namely, you have your LimeFx app for mobile devices (iOS and Android), your software for desktop, and a web-based interface. Check the analysis report on Top-rated Crypto Wallets that are safest for your funds. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
MT5 also offers an expanded range of tools for trade management, including several types of pending orders (Stop Loss, Take Profit, Stop Loss Limit and Take Profit Limit). There is also an opportunity to set a condition for closing all positions if the account has a low balance. Therefore, they have much flexible trading platform for their customers to give them the best trading experiences. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal.
MetaTrader 5 Global Account
The discount broker further provides limited ETF-related educational and research reports. LimeFx is registered and regulated in the United States by the Commodity Futures Trading Commission and the National Futures Association (NFA). LimeFx is also a member of the Securities Investor Protection Corporation (SIPC), covering investor funds deposited with the discount broker for up to $500,000. Its options chain emphasizes in-the-money options for quicker decision-making. Furthermore, the platform offers eleven predefined options trade structures, such as Butterflies, Calendar Spreads, Covered Calls, Iron Condors, and Straddles.
- It achieves this by fusing together
analyst research with automated analytics such as pattern recognition trading
software on a wide variety of markets and in multiple languages. - In addition to the real-money accounts,
you can also take advantage of a Forex demo account at LimeFx. - LimeFx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM.
- Bank wire, credit card and debit card, and online payment platforms such as Neteller and Skrill are all acceptable payment methods.
In that case, the maintenance margin requirement for that investment is 50%. If you trade more than 10 options contracts per month, LimeFx is likely your best bet. Clients of LimeFx who trade larger shares per transaction (500 or more) limefx scam will outperform Interactive Brokers, which charge $0.005 per share. Several settings are available, including watching multiple charts concurrently and auto-trading. WhoTrades, Inc., a company concerned with social trading, bought it in 2015.
Forex ECN Account
That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support. Yet again, though – while many user LimeFx reviews aren’t going to tell you this, the platform in question has support for this feature. LimeFx delivers on the promises made in their adverts/website about low commissions, no minimum deposit requirement for accounts, and a variety of available tools. HeraldSheets.com produces top quality content for crypto companies. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website.
Anyone who wants to do live trading with this broker or wants to try the services through a demo account can do so quite conveniently. Each account has different specifications which are custom made keeping in mind the needs of each type of trader. All in all, we can say that the customer reviews reveal that LimeFx is a moderate trading platform for any active trader. There are many benefits of investing with LimeFx however, the trader also needs to be patient when it comes to funds withdrawal.
How LimeFx Fees Compare to other Brokers
Once verified by the LimeFx account team, you can then fund your account and commence trading. This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance.
Trading Platforms
Nevertheless, many customer reviews have complained about the slow customer service of this broker. When we talk about LimeFx as an online broker there are many benefits https://limefx.vip/ of this firm for both day traders as well as experienced investors. The first and foremost concern of any investor is to affiliate with a broker that is genuine and legit.
Regulation And Licensing: Securities Investor Protection Corporation (SIPC) And CySec
In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know. It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research). You’re not likely to find as many trading
platforms offered by other online brokers.
Basic information from this LimeFx Review
LimeFx is considered a reliable broker with good trading solutions. The broker offers a range of trading instruments to trade with competitive spreads and fees. LimeFx is a Cyprus-based company that offers its trading services since 2007 and has gained the trust of over 155,000 clients from 130 countries. One of the most attractive offerings from LimeFx is the low margins and no hidden fees policy.
All the above are broker-assisted plans and also include an additional fee of $20 per trade. Their website has a user-friendly
interface, making it easy to find all the necessary information and details
regarding the broker, its offerings, and its terms and conditions. LimeFx is a regulated broker with good trading software and trading capabilities, suitable for robot or auto trading. Yes, LimeFx is a regulated broker holding a trading license from the Cyprus Securities and Exchange Commission (CySEC). OEC Trader is a desktop platform that is designed for futures trading.