LimeFx Review

The broker assures that residents of nearly all countries can open accounts. The procedure of opening an account on LimeFx is classic and similar to other brokers with regulation in Europe. Also, the broker allows the address registration stamp in a national passport as proof of residence.

Trading Tools

  1. This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges.
  2. For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets.
  3. Technically, the call is supported by Zingaya, the call quality is good and the competence of the managers of the support team is high.
  4. The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the LimeFx network.
  5. LimeFx offer professional customer support 24/7 via online chat, telephone and email.
  6. At the time this review was being prepared, there was only one promo offer.

In addition to commission and spreads, swap rates may apply for positions held overnight. These can be positive or negative, depending on the asset and whether it is a long or short position. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

Lightspeed Trader

Besides offering competitive commissions, LimeFx offered one of the lowest margin rates MoneyRates found in its survey. The drawbacks that we discovered, specifically shortage of educational materials and broker’s ‘affection’ for Metatrader platforms, are fully compensated by its advantages. At the time this review was being prepared, there was only one promo offer. Within this promo, the new customers could get a bonus for topping up the account of Forex Standard type. The main email of customer support is It is an advanced source of financial and technical assistance. If you can’t find the information on the website and the managers of the call center cannot help you, you need to write an email.

REAL-TIME STOCK ALERTS SERVICE

Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions. Other platforms for trading include Sterling Trader Pro, which has option tools and shows real-time market data as well. FxPro Fees and Spreads Trading will involve fees from USD 3.50, spreads from 0.06 pips, and commission-free trading depending on the account traders select. Their commission and margin rates make LimeFx a competitive choice to consider for frequent, heavily-involved investors rather than for smaller customers looking to place an occasional trade.

How To Make A Deposit On LimeFx

The traders can do spot metals trading for precious metals via MT4 and MT5 trading platforms offered by LimeFx. Another direct access provider is CQG, which allows exposure to over 40 world exchanges limefx and combines futures and options trading. LimeFx’s resources seem to lean more towards basic market data and quantitative trading tools than towards detailed, qualitative research.

Personal account on LimeFx might not be considered to have the purest design or be as user friendly as possible, but its structure is quite intuitive. You will need to spend a little bit of time getting to know where everything is. But after that, you will be able to easily navigate your account.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered https://limefx.vip/ by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Type “LimeFx online LTD CySEC” into Google, and the broker’s accreditation will appear. You can also search for the broker’s name in the respective regulator’s digital register.

LimeFx says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls. Personally, I would expect my broker to willingly accept phone calls. There are several technical studies available, including Aroon Oscillator and ZeroLagMa.

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFx offers ultra-fast trade executions, low fees and powerful platforms, making it a good pick for day traders. LimeFx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds.

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. Finally, for experienced traders, there’sthe MT5 Global account. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less.

Just 2 Trade offers different methods of deposit, depending on the customer’s account type. All other important actions (such as changing password, withdrawing funds), will require additional confirmation (via SMS, for example). Noteworthy, compared to cryptocurrency exchanges, the brokers offer worse conditions. 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.

For trades that are made with the assistance of the broker, there is an additional fee of $20. Under this plan, the minimum fee and maximum fee per order is $2.50 and $5.50. It should be noted that you are required to maintain a minimum trading balance of $2500. Once your balance falls below $2000, your account will be suspended from trading. On the other hand, traders are charged commissions starting from 3 USD per lot.

Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week. Haynes & Company, which has been a registered broker-dealer since 1981 and has an almost-spotless regulatory disclosure record since then. What will stand out most to the typical investor though is that LimeFx represents a very low-cost trading platform. LimeFx is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. 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.

Both accounts can be used as a demo account and each accounthas its own commission, fees, margin calls, leverage, and minimum deposits. Under this plan, the trading fees start from as low as $2.50 for stocks, Futures and ADRs. With OTC securities and Exchange listed that are below $1.00, the applicable fees are $2.50 + $0.003 per share for entire order. For international stocks, the applicable fees are $2.50 plus $75 foreign stock transaction fee.

This approach is perfect for advanced investors who know what they’re doing and want to be rewarded for watching the markets, but beginner traders should beware the learning curve. Without a strong customer service base to help you, it’s easy to get lost. Also, inside the personal account, customers can transfer funds from one trading account to 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. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal.

In addition to the standard BTC, ETH, XRP and other coins, we’d also like to point to JT2X Dividend Token. A futures contract is a financial instrument, a derivative of the cost of the base asset. LimeFx has similar indicators as another discount broker Degiro.

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