LimeFx: US Financial Services Company Review

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This universal combination is designed to satisfy the demands of the majority of customers and make the broker stand out against the competition. Two-factor authentication is available, but not on all resources of the broker. By default, you can access your account using simplified login procedure without two-factor authentication. We estimated LimeFx commission on the Forex market as very low. Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto.

  • However, a positive point regarding the withdrawal functions of LimeFx is that there are no additional withdrawal charges which many other brokers apply.
  • Since there are few decisive indicators of an effective and competent online broker, each broker is measured and examined through this yardstick.
  • You may need to verify your account to remove limits on particular methods in some countries.
  • This means that if you want to buy specific shares that are not on the list, you can contact the broker and ask for it to be added to the list and for permission to perform a transaction with it.

The biggest disadvantage of CQG compared to Metaquotes products is a fee for use, although advanced traders will agree that quality software that provides an advantage in trader deserves to be paid for. Also, inside the personal account, customers can transfer funds from one trading account to limefx forex brokers reviews another. Therefore, customers can choose the best suitable way to fund the account, and then transfer the money to another account type. However, this idea is unlikely to work, because if the broker detects such ‘maneuver’, it can charge additional commission on transfers between accounts.

LimeFx review ( Review

This way I can discover what works for me and areas in which I can improve. Other brokers with managed accounts to consider include Key to Markets. LimeFx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries.

Explore meticulously crafted investment solutions, infused with customizable levels of profitability and protection to align with your unique financial goals and risk tolerance. Navigate your way through transparent, flexible, and diverse investment avenues designed to deliver substantial returns while safeguarding your capital. Our headquarters are strategically situated at the heart of Limassol’s bustling business district. Limassol, the second-largest town in Cyprus, stands as the island’s primary tourist and commercial hub, boasting the largest harbor. This prime location underscores our commitment to offering exceptional service in a thriving financial environment.

  • The exceptions
    to this are Skrill and PayPal, which fund within the same day, and credit card
    withdrawals, which post within 5-10 minutes.
  • It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company.
  • The Forex ECN and MT5 Global accounts have brokerage fees of USD 3 per lot operated and USD 2 per lot operated respectively, apart from the spread.
  • The holders of these accounts can receive signals on US stocks more regularly.
  • The two are different, and represent the different features mentioned above.

We would highly recommend starting out with
a demo account to become
familiar with the trading conditions at the broker. MetaTrader 5 – MetaTrader5 trading platform is
a perfect choice for an active trader. The platform enables trading in the
single-window mode on major stock and futures exchanges and the Forex market,
making transactions with stocks, currency, futures and CFDs. MetaTrader 5 is
offered with the MT5 Global account and can be used as a desktop, mobile, or
web app. Finally, for the most experienced traders there
is the MT5 Global account. This gives access to the MetaTrader 5 trading
platform, and offers spreads starting at 0 pips, along with a commission of $2
or less.

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These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker. LimeFx is a brokerage platform that is providing its services since the year 2007. With offerings of a wide range of trading instruments, LimeFx has made its name as a reputable broker in the financial market.

All the above are broker-assisted plans and also include an additional fee of $20 per trade. Overnight funding fees, alongside other potential transaction-related fees, require detailed exploration on the LimeFx platform to determine their precise nature and applicability. Maintaining an account with LimeFx is not burdened by additional account maintenance fees, enhancing overall affordability. Partnership program is another way to receive additional bonus from working with LimeFx.

Elevate Your Investment Experience with Lime Trading (CY) Ltd

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 transfer.

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However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. In forex trading, LimeFx is a great platform for traders as it offers ECN and STP accounts that are customized specifically for forex market requirements. The SterlingTrader Pro platform is
truly the platform for professional traders. Used by proprietary trading firms
and active traders all over the world, Sterling Trader® Pro gives traders the
performance and functionality they need to compete in today’s markets.

With that being said, LimeFx’s research offerings are very weak compared to the rest of the industry. LimeFx offers both iOS and Android versions of their mobile app. Both offer very basic functionality, but not any less than one would expect from a lower-end brokerage’s app. Actions like simple trade orders, simple charting and checking quotes are offered. LimeFx used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives. It’s important to account for other factors like platforms, tools, executions, etc.

Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. ROX trading platform provides traders with direct access to the stock markets of Canada, the USA, and other countries. The platform is also offered for partnership programs by LimeFx. LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Our review is nonetheless alive to the fact that the LimeFx platform doesn’t have an integrated mutual funds screener. Let’s review a specific example of how much a trader will have to pay for the execution of a standard lot of 100,000 units of base currency in popular trading pairs of different classes.

ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities. ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time.

Degiro does not provide access to digital assets, which is why we compared conditions with Swissquote. As an example, we used the purchase of Bitcoin for the amount of $2,000. Noteworthy, the minimum deposit for trading US options on LimeFx is $3,000. We estimated the broker’s conditions on the options market as average. LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies.

In this LimeFx review, we aim to provide all the relevant information regarding this brokerage firm so that it is easier for any trader or investor to choose this broker for their trading needs. Moreover, the broker also gives opportunities to traders to earn profits through STP and ECN accounts as well. Thus, overall we can say that LimeFx is a good option for any trader or investor who is looking for a reputable brokerage platform.

LimeFx is an online brokerage service, operated by lime financial trading Ltd, that is providing its services worldwide since 2007. After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests. LimeFx provides all the services that are needed by a trader or investor for successful trading in the financial markets. When it comes to reliability, legitimacy, security, profitability, and advanced technology all these elements are present in LimeFx trading services. Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days.