LimeFx Review: Key Features, Pros and Cons

On its website, claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience. This account is for professional traders, trading through one of the most powerful and modern platforms limefx courses scam for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged. LimeFx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM.

They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs. Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.

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. Broker maintains up to 14 different types of user accounts on its platform.

Broker Types

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. 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. LimeFx is an
established market leading European online discount broker offering its
services to clients in more than 130 countries since 2016.

LimeFx would be a good choice for investors who place a lot of trades every month and want low commissions for these transactions. Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies. Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients.

  • Our LimeFxr broker review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade.
  • It should be noted that you are required to maintain a minimum trading balance of $2500.
  • The traders and clients of LimeFx can use the mobile platform.
  • User LimeFx reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned.
  • Namely, you have your LimeFx app for mobile devices (iOS and Android), your software for desktop, and a web-based interface.

ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time. Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace. The Forex demo account at LimeFx is meant
for beginning traders who are trying to understand how the currency market
works. It gives them the opportunity to try out trading without taking on any
financial risk.

LimeFx Commission or Brokerage or Fees

The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. LimeFx presents a broad market area comprising of a plethora of trading instruments, which includes stocks, ETFs, futures options, futures, bonds, and mutual funds as well. LimeFx fails in a few areas, not least of which is customer service.

Such accounts at LimeFx are not debit card / Paypal / credit card checks funded. Hence, protecting the consumer leverage ratio is way smaller than Forex offered before. Any stock that is hard-to-borrow must be requested through chat or over the phone.

LimeFx Account Type

In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. LimeFx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker. In this LimeFx review, we attempt to quantify the value it provides to various types of traders. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.

Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. You can keep track of current economic data using the provided Economic Calendar.

LimeFx directly

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.

LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC. Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. As discussed already, the minimum balance for keeping an account open is $100.

What is the difference between a crypto exchange and a brokerage?

Don’t get me wrong – the registration was definitely not “difficult”, in any sense of the word. However, if there was one thing I could change about it, it would have to be the one-page format. For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead. Namely, you have your LimeFx app for mobile devices (iOS and Android), your software for desktop, and a web-based interface. The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best.

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