This 2024 review will explore LimeFx’s services in more detail, including the price per trade, deposit and withdrawal options, and UK customer service quality. Each LimeFx trading account is assigned a base currency, which indicates the money that you deposit with the LimeFx trading platform will be held in that particular currency. Some online brokers provide trading accounts like LimeFx in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen). When moving money to LimeFx there may be a currency conversion fee for LimeFx clients if the base currency of your payment method differs from the base currency of you LimeFx account.
- LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types.
- The choice of trading services is also excellent, offering clients four competitive methods for portfolio management.
- If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.
- Transfers in from one account – say the IRA – to the LimeFx account are free.
- This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash.
- For those inclined toward commodities, LimeFx provides a diverse asset range, including agricultural and non-agricultural securities.
LimeFx does not levy internal deposit fees; accepted currencies are USD, EUR, RUB, COP, and MXN. Processing times are instant except for bank wires, which take two to three business days. Withdrawal fees and withdrawal processing times depend on the payment processor, which LimeFx transparently lists on its website and in the back office.
All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing. The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the spreads make short-term trading styles expensive. LimeFx US brokerage employs a market maker straight-through processing (STP) broker model.
You’ll see how other members are doing it, share charts, share ideas and gain knowledge. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs. In this LimeFx review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices. Withdrawal fees are charged depending on the method of withdrawal the trader uses.
They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. MetaTrader5 https://limefx.biz/ -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.
For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs. While LimeFx does not maintain a dedicated educational section, and beginners are not its core market, the blog features well-written educational content that I can recommend to first-time traders. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to the full range of trading psychology and can create unrealistic expectations. At the core of our offerings, lies a suite of distinctive advantages meticulously designed to elevate your trading experience to unprecedented heights.
While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. LimeFx requires a $3,000 account limefx minimum for trading withthis platform. LimeFx offers an unusually wideselection of trading platforms compared to many online brokers.
How To Open A LimeFx Account
It provides direct access to the market with your own programs. This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates. You will find that LimeFx have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.
So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Transfers in from one account – say the IRA – to the LimeFx account are free. Investing in IPOs allows you to tap into the potential of companies poised for growth, enabling you to be part of their success stories from the very beginning. By choosing to invest in IPOs, you are not just buying shares; you are securing a piece of the future, banking on innovation, vision, and the relentless pursuit of success. Join Lime Trading (CY) Ltd today, and unlock a world of investment opportunities with a trusted partner at your side.
The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with LimeFx for up to $500,000. Embark on your Forex trading journey with J2T Copy and discover a world of profitable opportunities, strategic insights, and reliable investment avenues. It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding experience for all. Trading hours with LimeFx depend on the market in question. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday. Crypto, on the other hand, is active 24/7 due to its decentralised nature.
Expansive Trading Horizons with LimeFx
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. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. Traders seeking a multi-asset broker with an exceptional range of 35,000+ assets, market-leading software and low trading fees should consider LimeFx. The Try2BFunded program will also appeal to users seeking funded trading accounts.
This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms. Additionally, theyoffer the CQG Trading Platform (often used for futures and options trading),ROX Premium, Sterling Trader Pro, and Lightspeed Trader. The Forex demo account at LimeFx isdesigned for traders who are new to forex markets.
LimeFx Broker Review 2024
The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the LimeFx website and seek independant advice. The Forex and CFD Standard account offers negative balance protection and commission-free trading, unlike the commission-based Forex ECN alternative, where negative balance protection does not apply. The commission-based MT5 Global account provides traders access to most trading instruments. I like that LimeFx offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy.
Is LimeFx regulated?
MT5 Global account is the successor of the one earlier called Single Trading Account. The broker decided to reorganize the account structure and now it is impossible to open a Single Trading Account, although open positions are still supported on them. In order to open a real account of Forex Standard type, USD 100 is enough. Robo-advisor service from LimeFx strongly resembles the one offered by Swissquote Bank, which we are using for comparison in this review. The list of coins available on J2t is on the screenshot below (also support of Stellar XLM was announced).