Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal. Yet given that LimeFx is aimed at higher-volume traders, it lacks some the traditional analysis tools and filters (stock/bond screeners) and conventional education resources that other brokers provide. Customer service can be reached using the telephone number, email, and live chat on the website.
Customer Service
Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders. LimeFx traders are given the edge they need to facilitate their trading activities regardless of their level of skills, knowledge, and experience. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted.
Banking
All personal information is secure and safeguarded when processed on the website. LimeFx’s mobile applications also offer a PIN or fingerprint authentication. In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest. The service is also accessible to all, not just LimeFx clients.
LimeFx Account Types
Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. J2T CryptoExchange proves to be a great place to start investing, in general, since it offers a wide range of different assets for you to tinker with and, evidently, purchase.
Your Gateway to Global Markets
On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. LimeFx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types.
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. This makes it attractive for using medium-term trading strategies. For long-term investment, many professional traders choose trading towards positive swaps. In this review, we will analyze the features and services the broker provides, outline its strong suits and weaknesses and also compare the broker with such strong competitors as Degiro and Swissquote. Competitive commissions and fees and a wide range of available markets are the key advantages of LimeFx. Embark on a journey to invest in a company’s first steps into the public market.
A futures contract is a financial instrument, a derivative of the cost of the base asset. Access to the exchanges of Asia and Oceania is average – only 4, albeit rather large, exchanges. On the one hand, the broker does not disclose information about owners, top managers, profit and other data. The level of transparency and availability of information about the company is average. We estimated the broker’s reliability as high, but not as high as possible.
- Those with uninvested crypto can also deposit this to earn interest payments through staking and lending.
- Most CDs require a minimum deposit to open a new account, typically ranging from $500 to $2,500.
- In this section we’ll show you how to open a live trading account with LimeFx.
- We teach day trading stocks, options or futures, as well as swing trading.
- We estimated the selection of investment products on LimeFx as excellent and the commissions as average in the market.
One of the common electronic payment networks in the United States. After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get https://limefx.club/ facilitated. This will depend on the method through which withdrawals are made along with the process involved and generally it can take between one and several business days.
While J2T doesn’t primarily deal in crypto assets, the brokerage has all of the necessary features that you would expect out of a high-end exchange, and should thus suit most users’ wants and needs. LimeFx fails in a few areas, not least of which is customer service. Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans. The per-trade schedule requires $2,500 to start trading, and if an account slips below $2,000, LimeFx will suspend the account’s trading capability. The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000.
LimeFx has one of the lowest commission rates in the trading industry. The generally accepted validity of the demo account is 30-days. Caters to experienced traders who would like to take advantage limefx reviews of the high execution speeds offered by LimeFx. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training.
Citizens of other countries can also open accounts on LimeFx provided that the broker complies with the laws and regulations of such countries. There is exhaustive information about the restrictions on the website of the Cyprus regulator, as the source. At the time when this review was being prepared, citizens of 30 European countries could open an account with the broker.
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. LimeFx does not charge inactivity fees – a levy we see at many forex brokers we review. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review.
This can be an excellent way to improve your knowledge of the markets and your trading strategy. Since the platforms of Metaquotes are widely known, we will review the CQG platform. This is a professional level software designed for trading futures on the American futures market. Just 2 Trade offers different methods of deposit, depending on the customer’s account type.
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. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings.