In our LimeFx.online review, we have covered how it works, alongside the pros and cons. The broker is most likely to appeal to independent day traders and active swing traders looking to keep costs down while accessing advanced technology and analysis tools. Algorithmic traders may also have an interest in LimeFx given the ease with which APIs and custom automated trading applications can be connected. 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.
How To Make A Deposit
These amounts can take up to 7 business days to reflect in your LimeFx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. 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. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. LimeFx offers both investment and market speculation opportunities to its clients. Lightspeed Trader is a platform designedfor professional traders who prioritize reliable market data, extremely lowlatency, and high performance.
Comparing LimeFx fees with other brokers
They also offer traders the chance to find out if the broker suits their strategy before committing funds. One of the best things about LimeFx in our opinion is the very big selection of trading instruments it offers. And unlike many other brokers, this includes not only CFDs and forex pairs, but also actual futures contracts, options, and stocks that can be https://limefx.club/ traded directly from the relevant exchange. LimeFx offers an unusually wideselection of trading platforms compared to many online brokers. 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.
Geography of markets
The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. On its website, claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience.
For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. 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 offers a diverse range ofassets, such as currency, bonds, stocks, and futures. They offer access to over30,000 stock assets and over 90,000 option assets.
Platform
Within this promo, the new customers could get a bonus for topping up the account of Forex Standard type. The advantages of CQG Desktop include DOM Trader, which is a rather advanced version for web platforms. With Internet access and a smartphone with a browser, any customer can use this module for intraday scalping in DOM (Depth Of Market). There are restrictions for some methods of withdrawal (for example, debit/credit cards). In particular, the customer can withdraw funds only to the same card that was used to fund the account.
The third step is Account Settings, where you specify the account type, security word, and set up leverage. Also, you need to specify the type of the account you want to open. Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary. 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.
Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries. The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades. LimeFx also offers many other trading instruments on their CQG, ROX and J2XT trading platforms. LimeFx offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours.
LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange. The two are different, and represent the different features mentioned above. All personal information is secure and safeguarded when processed on the website.
- Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for.
- We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user LimeFx reviews that outline the best benefits and features of the platform.
- If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.
- This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms.
- With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.
- The traders thus can build their own workplace that fits best with their strategy.
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 the broker’s reliability as high, but not as high as possible. According to our analysis, the majority of LimeFx customers come from Russia and its neighbor countries.
For this reason, the indicator is used to assess the French economy. On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make limefx scammers a profit. There is also the CQG platform with four different solutions that can be used to trade futures and options. Other fees to be aware of are the swap fees that are charged on positions held overnight.
There are also withdrawal fees with this account, reducing its appeal. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. The Forex ECN account offers ultra-tight spreads from 0.0 pips, although a low commission of up to $3 applies. Again, this fares well with many firms that charge a commission of $3.50+ on their ECN solutions.
The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope. The Forex demo account at LimeFx isdesigned for traders who are new to forex markets.
Additionally, LimeFx offers its proprietary platform, designed to cater to its customers’ specific needs. User LimeFx reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.