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Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.
Other financial instruments
To start trading with LimeFx, you will have a choice to choose from GBP, EUR, USD, and more currencies, and select 20+ funding methods including Bank Wire, Credit/Debit cards, Skrill, Neteller, etc. Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Any stock that is hard-to-borrow must be requested through chat or over the phone.
- Hence, this LimeFx review gives direct access to the readers to each and every benefit and flaw of this trading platform.
- In addition to those two award-winning
platforms clients can also choose from the powerful CQG Trading Platform, the
ROX Premium platform, the Sterling Trader Pro, and the Lightspeed Trader
- Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.
- He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.
- Hence, LimeFx can be said to be a trustworthy name when it comes to legit online brokers.
But after that, you will be able to easily navigate your 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. It is green and can be found at the top of LimeFx.online website.
LimeFx+ is a browser-based platform that does not require any software to be downloaded. It has a user-friendly interface, access to US exchanges, delayed market data, market depth data, news, and extensive stock information. It lets you review all of your orders and displays your current portfolio and market performance. LimeFx offers demo versions of numerous third-party futures trading platforms https://limefx.biz/ (e.g., Sterling Trader Pro, CQG Trader, OEC Trader, and the iBroker app). In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know. It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research).
LimeFx Customer Reviews
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. LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK.
The security of a cryptocurrency exchange (or, in this case – brokerage) is, undoubtedly, the most important aspect to look into when trying to decide whether or not a particular platform suits you. 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. Crypto exchange fees are usually segmented into three different parts. Deposit fees are, admittedly, a very rare sight to see – most exchanges are void of them. Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too!
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 limefx forex broker 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. Also, traders always need to consider swap or rollover fees which may be charged for positions held open for longer than a day.
This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day. 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. LimeFx offers direct access to several dozen international stock markets. The approaches to charging commissions differ in different regions. In particular, there is a commission per share for the U.S. stock market, which we estimated as low.
LimeFx Broker Review
The rest of this review will go into greater
detail regarding the offerings, accounts, and conditions available from
LimeFx. Customer service is reported to be very
friendly and helpful, and we found that to be the case when we contacted them
to answer some basic questions regarding the accounts at LimeFx. We have scanned fees (minimal spreads) that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. LimeFx is most likely to attract independent day traders and active swing traders who are worried about costs and have certain requirements for trading and research. Traders must accomplish a profit target while avoiding particular drawdowns and daily loss amounts in the first two stages of the program.
They’ve figured out all of the security and certification details a long time ago, and thus, offering fiat-crypto support was likely not an issue. That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support. Yet again, though – while many user LimeFx reviews aren’t going to tell you this, the platform in question has support for this feature. LimeFx delivers on the promises made in their adverts/website about low commissions, no minimum deposit requirement for accounts, and a variety of available tools. LimeFx is a leading international brokerage company that provides its clients direct access to the major world financial markets.
Note that there is a commission on the ECN account, which is $3 per lot
or less. LimeFx is an
established market leading European online discount broker offering its
services to clients in more than 130 countries since 2016. Most high-volume traders and investors cannot recall how much they earned in commissions from the previous year. Investors who trade frequently and spend $5 or more per trade can easily rack up thousands of dollars in annual commissions (or even a month for active traders). HeraldSheets.com produces top quality content for crypto companies. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions.
EU Council Embraces New Directive Regarding Crypto Tax Data Sharing
Also, the broker allows the address registration stamp in a national passport as proof of residence. This is relevant for the citizens of the countries, where address registration is mandatory by the law. Robo-advisor service from LimeFx strongly resembles the one offered by Swissquote Bank, which we are using for comparison in this review. The selection is impressive and it makes LimeFx stand out among the competitors.
If you need to locate a hard-to-borrow stock, LimeFx will try to find it for you over the phone. The broker does not accept short orders for stocks priced under $3. Besides the default routing option, LimeFx + offers Nasdaq and Arca venues.