That was until a few years ago when I discovered a way to make money online by actually helping real people. Any stock that is hard-to-borrow must be requested through chat or over the phone. If you need to locate a hard-to-borrow stock, LimeFx will try to find it for you over the phone. The broker does not accept short orders for stocks priced under $3. Strangely, I was not able to delete a stock after adding to a list. I was also disappointed in the platform’s lack of research tools.
The drawbacks that we discovered, specifically shortage of educational materials and broker’s ‘affection’ for Metatrader platforms, are fully compensated by its advantages. Partnership program is another way to receive additional bonus from working with LimeFx. If your friend opens an account with the broker upon your referral, the broker will give you a $6 bonus. And if your friend funds the account, you will get an additional bonus of $29. In fact, your bonus can be even higher, if your friend funds the account for a large amount. At the time this review was being prepared, there was only one promo offer.
For example, from the screenshot above, it is evident that PFE is extremely active. This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day. Overall, the family of CQG platforms presents a professional solution for working in the financial markets. Conditions of LimeFx for holding marginal positions cannot be considered attractive for developed markets. Noteworthy, the minimum deposit for trading US options on LimeFx is $3,000.
LimeFx Trading hours
LimeFx offers several platforms and doesn’t charge a dime for any of them. In this LimeFx review, we determine that they offer good value in the way of software offerings, good commission prices, and offerings that just about match the rest of the industry. Checking out their website we found it to be
well organized, with all the necessary information a prospective trader might
need easily found.
LimeFx deposits are free of charge, however, for withdrawals, there might be some commissions depending on the funding method the trader chooses. Withdrawal requests are processed within 1-5 days depending on issuing bank. Traders’ protection is provided by coverage through the compensation fund in case things go wrong with the broker, so traders may stay assured of their funds’ safety. We found that LimeFx also provides negative balance protection while trading Forex. If you want to test demo accounts of different types, you can create a demo of one account, receive access to your personal account and then create a demo of another account type from there. However, analysis, research and signals are three different things in the world of financial markets.
In particular, there is a commission per share for the U.S. stock market, which we estimated as low. In the majority of other markets, the broker charges commission as a percentage of the trade volume, while its size ranges from average to high. Users of LimeFx’s proprietary platform can trade stocks, FX, ETFs, cryptocurrencies, and options, among other financial instruments (MT5).
- We have not discovered any confirmed facts or scandals that blemish the broker’s reputation.
- The platform is also offered for partnership programs by LimeFx.
- Accounts with concentrated positions have different margin rules.
- LimeFx+ and Sterling Trader Pro demo accounts are available through LimeFx.
Degiro does not provide access to digital assets, which is why we compared conditions with Swissquote. As an example, we used the purchase of Bitcoin for the amount of $2,000. To start trading, a trader needs to have $3,000, while the brokerage commission is from 0.125% of the transaction volume, but no less than $10.
Also, traders always need to consider swap or rollover fees which may be charged for positions held open for longer than a day. LimeFx is also waiting for you in the most rapidly developing markets of the world. Open Demo account to try your hand at trading in the financial markets. Voice support in Chinese, Polish, Spanish operates regularly, during working hours on weekdays, taking into account the region’s time zone. The broker’s customers can download a plugin for MT4 to use this information right on the chart of the platform. The navigation panel (1) is on the left side of the interface.
Analytics and market news
The platform is also offered for partnership programs by LimeFx. The broker offers several account types, but the commissions on them are similar in general. On MT5 Global and Forex ECN account types, the broker charges $2 and $3 commission per standard lot of 100,000 units of base currency respectively. The traders also need to take into account the market spread, which is received from the liquidity suppliers. As a rule, the spreads on LimeFx are very low due to high liquidity received from large banks. On the Forex and CFD Standard accounts, the broker uses a small spread on top of the market spread as a commission.
LimeFx currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this LimeFx broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. 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. The minimum deposit is among the average in the industry, so the broker is a good option for beginner traders too. ROX trading platform provides traders with direct access to the stock markets of Canada, the USA, and other countries.
LimeFx Review Conclusion
Transfers in from one account – say the IRA – to the LimeFx account are free. For the Cons, there are some limitations in education, and sometimes will be required third-party software for certain research tools.
The commission increases to $4 if your balance falls below this level. The discount broker further provides limited ETF-related educational and research reports. Those who already have some trading experience
can opt for the Forex ECN account, which
delivers the greatest execution speed and extremely low spreads that begin at 0
pips. Note that https://limefx.biz/ there is a commission on the ECN account, which is $3 per lot
or less. From Monday to Thursday, 9-6 pm EST is the available time for customer support, and on Friday, the timing is 9 am to 5 pm EST. LimeFx’s Cyprus SEC- Registered company allows non-US traders to open an account with them and enable spot trading in cryptocurrencies, CDFs.
LimeFx Assets: Financial Markets Options, Mutual Funds, Etc.
LimeFx offers its clients access to trade Forex, Stocks, Futures, Bonds, Metals, Options, and CFDs on Shares, Energy, Indices, and Cryptos. Based on our findings, for Forex instruments the brokerage commission equals $2 per lot and the margins from 2% and lower. Forex and CFD Standard account is a good option for beginners or regular-size traders with all costs included in the spread.
It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Broker maintains up to 14 different types of user accounts on its platform. LimeFx offers all the usual deposit and
withdrawal methods you’d expect, such as wire transfers, credit cards, PayPal,
and online web wallets like Skrill and Neteller.
Regulation and deposit protection
Forex and CFD trading is a well-formed offer for the customers of LimeFx. This universal combination is designed to satisfy the demands of the majority of customers limefx company reviews and make the broker stand out against the competition. On the one hand, the broker does not disclose information about owners, top managers, profit and other data.
Other Platforms
Other platforms for trading include Sterling Trader Pro, which has option tools and shows real-time market data as well. Being used for more than thirty-five decades in the financial industry, it has gained an excellent reputation and stands at a standard place in the trading platforms. Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days. LimeFx maintains up to 14 different types of user accounts on its platform.
Customer service can be contacted
via an online chat function, through email, or via telephone. Lightspeed Trader – Delivers a
robust trading system to professional traders that demand highly established
market data with ultra-low latency and performance. It enables the customer to get a certain bonus and use it for multiple benefits. A demo account is available to people with the LimeFx+ and Sterling Trader Pro. LimeFx+ is a browser-based platform that has some powerful features which are similar to level II data. It takes one entire business day for domestic wire transfers, given that the information provided is legit.