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.
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.
Trader platforms
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.
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.
- With that said,
there are three forex trading account types, as well as a demo account type
available. - LimeFx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX.
- There is also
a $3,000 account minimum for trading with this platform.
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 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.
Key features of the broker
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.group/ 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.
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.
Regulation And Licensing: Securities Investor Protection Corporation (SIPC) And CySec
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 limefx official site 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.
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 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.
Commissions on options
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.
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 Account Opening Process
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.
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.
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.
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.
