A dedicated specialist from the customer support will be able to advise you on the instruments used for creation of these portfolios. Then, the system will copy trades based on the original strategy to the customer’s account, charging a percentage as a commission for the strategy manager. https://limefx.name/ FX and МТ5 Investments are essentially a copy trading service, or investment in the so-called PAMM accounts. The information about IPO is updated regularly on the website and the customers have access to purchase shares before they are in free circulation at the exchange.
- Just 2 Trade offers different methods of deposit, depending on the customer’s account type.
- We estimated the broker’s reliability as high, but not as high as possible.
- Deposits are processed within one business day while withdrawals can take up to 3 days.
- This gives access to the MetaTrader 5 trading
platform, and offers spreads starting at 0 pips, along with a commission of $2
or less. - There is also a trade ticket, which offers market and limit orders on close.
These amounts can take up to 7 business days to reflect in your LimeFx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. There, however, are no ETF trade screeners on the LimeFx platform. LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers (IB). LimeFx provides 24/7 customer support via Phone lines and Email. For customer support reasons, the broker has opened representative offices in almost all major locations covering most of Europe and Asia.
LimeFx Fees
LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC. LimeFx is a regulated broker with good trading software and trading capabilities, suitable for robot or auto trading. Technically, the call is supported by Zingaya, the call quality is good and the competence of the managers of the support team is high.
- However, LimeFx lacks traditional filters and tools since it caters more to traders who do higher-volume trading.
- Customer service is reported to be very
friendly and helpful, and we found that to be the case when we contacted them
to answer some basic questions regarding the accounts at LimeFx. - Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
The broker provides access to trading options on US exchanges. The broker’s commission depends on the volume of trading – the higher the number of the contracts, the lower the commission. To begin with, below is a table of the broker’s commissions on each market, excluding exchange and clearing fees. Then, we will use examples to see how beneficial they are compared to other brokers. To help understand LimeFx commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples.
A manager called us within 20 minutes, we discussed all issues and questions and our account was verified in an hour. This is one of the best results in terms of quickness of account opening among the brokers limefx company reviews with European regulation. During the second step, which is titled Economic Profile, you need to specify information about your employment, level of income, trading experience in the financial markets.
LimeFx Alternative Brokers
LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms. LimeFx offers 5 trading platforms including market-leading MetaTrader 4 and MetaTrader 5, CQG, Sterling Trader Pro, and ROX trading platform. MT4 and MT5 might be known to any trader, as they are the most used platforms in the industry especially loved for their great functionality and customer-friendly design. Also, they allow you to deploy a strategy of your choice, either manual or automatic through popular EAs.
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. It is available inside the personal account of a LimeFx customer and visually shows the map of ‘hot stocks’. The bigger the circle with the ticker, the more attention the stocks enjoy in the market.
Trading Instruments
With that said,
there are three forex trading account types, as well as a demo account type
available. LimeFx is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities.
Pros and cons
The broker decided to reorganize the account structure and now it is impossible to open a Single Trading Account, although open positions are still supported on them. In order to open a real account of Forex Standard type, USD 100 is enough. Robo-advisor service from LimeFx strongly resembles the one offered by Swissquote Bank, which we are using for comparison in this review. LimeFx has similar indicators as another discount broker Degiro. Be that as it may, it is not the quantity, but the quality that counts.
LimeFx clients can buy and sell futures contracts on a mobile platform called iBROKER. It is capable of integrating with Twitter and saving a watchlist. Real-time quotes are available, and so are charts with technical studies. I was disappointed in the lack of equity trading on this platform, however. One is a per-trade schedule where equity transactions cost $2.50. You need an account balance of at least $2,500 to qualify for this rate.
The company has also recently begun accepting cryptocurrency deposits, such as Bitcoin and Ethereum. PayPal, credit cards, checks, money orders, and Western Union cannot be used to fund accounts. LimeFx caters to active traders by emphasizing competitive pricing for volume traders. It’s a FINRA (Financial industry regulatory authority) registered broker-dealer and a member of the SIPC by the government’s Investors Compensation Fund and NFA. The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space. This review will go over LimeFx to see if it really is the best trading platform out there.
You should consider whether you can afford to take the risk of losing your money. LimeFx, Inc. is an online brokerage company designed for traders to seamlessly trade on an intuitive interface for $2.50 per trade plus an additional $0.50 per option contract. There are three account types designed by LimeFx that are defined by the execution technology, or by the type of trader you may be.
Brokers By Licenses
A more in-depth explanation of the Per-Trade plan can be found in the Spreads & Commissions subsection. With the per-share plan, equity trades are 0.25¢ per share, with a minimum commission of 50¢. The per-share commission drops to 0.15¢ per share for accounts that can trade more than a million shares per month. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
LimeFx Review ( : Is It A Legit Trading Platform?
Compared to other brokers, LimeFx is significantly behind in terms of available base currencies. Also, you need to specify the type of the account you want to open. Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary.
