Thecompany provides a variety of tradable assets, including forex, stocks,futures, options, and bonds. The broker is headquartered in Cyprus and isregulated by the Cyprus Securities andExchange Commission (CySEC). However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders.
LimeFx has received Best Partnership Program 2021 award
Contact us directly for further inquiries about our products and services. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. If you leave your account unused over a long period, LimeFx will charge an inactivity fee.
Overnight Funding Fee
These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. LimeFx offers an unusually https://limefx.vip/ wideselection of trading platforms compared to many online brokers. This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms.
Varied Options for All Trading Styles
Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,LimeFx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. In a world full of trading possibilities, LimeFx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms.
Seamless Financial Transactions
They also ensure traders get a straightforward trading environment. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.
Versatility and Inclusivity in Account Offerings
Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. 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 limefx transfer. Overall, LimeFx is an appealingchoice for traders looking for a reputable broker with a diverse asset rangeand several platform options. Claim your profile to access Trustpilot’s free business tools and connect with customers. I have been trading with them for some time and can confidently recommend them.
So, you want to keep your account active and engaged to avoid withdrawal restrictions. Trust and safety remain paramount for investors in the complex world of finance. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Overnight funding fees and other transaction charges, require detailed understanding on the LimeFx platform. Doing so will help you know how the fees work and how to apply them.
MetaTrader 5 is offeredwith LimeFx’s MT5 Global account and can be used as a desktop, mobile, orweb app. LimeFx is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.
As with all the brokers surveyed though, LimeFx has its particular strengths and weaknesses. Understanding those strengths and weaknesses is a key to recognizing which type of investor might be the best fit for LimeFx. The rest of this review will explore theofferings, accounts, and trading conditions available from LimeFx ingreater detail. LimeFx doesn’t charge withdrawal fees, but external payment providers may have their fee structures. LimeFx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. LimeFx offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies.
- Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes.
- Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.
- In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
- The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies.
- It offers single-window trading,advanced charting tools, and a depth of market feature.
In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the LimeFx+, LimeFx pro, the commission-free LimeFx Lite, and LimeFx mobile apps. Some of their shared features include real-time access to the US exchange markets, access to real-time quotes, customizable interfaces, and the fact that they host several technical indicators. They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs.
With its regulatory oversight, LimeFx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency. More significantly though, LimeFx charges an inactivity fee of $15 per quarter during any quarter in which less than five trades have been placed. This requirement is waived if you maintain a balance of at least $50,000 in the account.
It gives traders access to more than 40global exchanges and the assets that are traded on them. While the base desktop version ofthe CQG platform is free, additional features or upgrades may incurcharges. To use the CQG platform,LimeFx requires at least a $3,000 account balance. MetaTrader 5 is the successor to theMetaTrader 4 platform, allowing traders to trade CFDs, stocks, and other assetsin addition to forex.
Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. 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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
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. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets.
Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms. Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. MetaTrader5 -MetaTrader 5 is a multi-asset trading platformsupporting stocks, futures, forex, and CFDs. It offers single-window trading,advanced charting tools, and a depth of market feature.
Transfers in from one account – say the IRA – to the account are free.
Lightspeed Trader is a platform designedfor professional traders who prioritize reliable market data, extremely lowlatency, and high performance. It’s worth noting that the MT5 accountprovides full access to all assets. The Standard and currency ECN accountsprimarily provide CFDs for currency, precious metals, andstocks/indices/energies. LimeFx supports various deposit andwithdrawal methods, including wire transfers, credit cards, PayPal, Skrill, andNeteller. Funding is immediate for most methods, with the exception of wiretransfers.
The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution. It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. Overall then, LimeFx might not be the best fit for a small investor who is just getting started. Besides offering competitive commissions, LimeFx offered one of the lowest margin rates MoneyRates found in its survey. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types.
