When it comes to reliability, legitimacy, security, profitability, and advanced technology all these elements are present in LimeFx trading services. LimeFx, Inc. is an online brokerage company designed for traders to seamlessly trade on an intuitive interface https://limefx.club/ for $2.50 per trade plus an additional $0.50 per option contract. 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.
This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In the per-share plan, there has to be a minimum of $2500 in the trading account, and once the approval comes, the commission gets decided according to the trading volume per month. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada.
After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get facilitated. However, if your account balance falls below this limit, the commission sees an increase to $4. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process. LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC.
LimeFx Review: CONS
As discussed already, the minimum balance for keeping an account open is $100. All these accounts have certain area restrictions and are accessible anywhere, excluding a few countries. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working. The platform further has already-configured options, including Covered Calls, Iron Condors, etc. Transfer of funds through this account takes two to three dates (approximately).
- Traders’ protection is provided by coverage through the compensation fund in case things go wrong with the broker, so traders may stay assured of their funds’ safety.
- LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies.
- As narrow spreads minimize the difference between ask and bid prices, tight spreads are one thing major and minor any type of trader appreciates in any brokerage service.
- After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests.
For instance, it provides STP and ECN account types for trading forex and cryptocurrencies with high liquidity and fast order executions. There are also many trading tools and educational resources available on the broker’s website for the convenience of the traders. There are many differences between Avatrade and LimeFx as a brokerage firm.
Along with this the customers also valued the broker for providing multiple options of assets for trading including not just forex or stock markets but mutual funds and options trading as well. With these praises, there were also some flaws that were highlighted by the customers including slow and delayed withdrawal of funds and high minimum deposit payment. Our expert researchers and analysts study each brokerage firm and its services rigorously and then come to a conclusion through an in-depth review.
Overall, LimeFx is a reliable broker with competitive trading options to choose from. Apart from a choice between industry-powerful platforms, account types, and execution models, LimeFx maintains low-cost trading. The minimum deposit is among the average in the industry, so the broker is a good option for beginner traders too.
How To Open Your Account?
In this account, the users have the benefit of trading with the latest technology trading platform MT5. Moreover, through this account traders have the option of investing in different underlying assets including, futures, options, stocks, and even cryptocurrencies. The commission rate in this account type ranges from 0.006% to 2.5% depending on the trading instrument.
All in all, each and every requirement of a trader, investor, or financial institution is available through the LimeFx online brokerage service. Hence active traders who are looking for brokers with profitable trading opportunities can surely select LimeFx as a reliable trading partner. LimeFx is an online brokerage service, operated by lime financial trading Ltd, that is providing its services worldwide since 2007.
How to pick the best crypto exchange for yourself?
Over the years, it has gained the trust of over 1 55,000 clients across the world. It provides a competitive price and a plethora of trading tools to its day traders and investors. ROX trading platform provides traders with direct access to the stock markets of Canada, the USA, and other countries. Higher account types may require bigger amounts of funds, especially for those traders that are professionals and will be trading through tailored solutions.
This also facilitates re-earning the money in case the broker turns bankrupt. It is a regulated broker-dealer and is a part of FINRA, SIPC, NFA, as it’s a member. A demo account is available to people with the LimeFx+ and Sterling Trader Pro. LimeFx+ is a browser-based platform that has some powerful features which are similar to level II data. With customizable charts and real-time data streaming, it is browser-based.
The fees and commission policies are not clearly defined on the website. However, it is mentioned in the trading commissions section that all trading transactions will have a 2.5% commission rate per trade. Comparatively, we can say that the commission charged by LimeFx is relatively low compared to other brokers.
A Safe and Certified Brokerage
Such accounts at LimeFx are not debit card / Paypal / credit card checks funded. LimeFx provides an economic calendar, trading central, stock exchange forecasts, market analytics, trading signals, and other research materials. However, the broker does not provide comprehensive educational and learning materials, seminars, or webinars, which are crucial for beginner traders. There are three account types designed by LimeFx that are defined by the execution technology, or by the type of trader you may be.
A Sophisticated & High-End, Yet Simple to Use Trading Platform
In another attempt to understand the services and standards of LimeFx as a brokerage service, it is important to do a comparative analysis of LimeFx with other trading platforms. This procedure will help readers to have a better insight into the pros and cons of LimeFx as a brokerage company in the financial markets. There are multiple withdrawal options available on the LimeFx platform. From standard options of credit and debit cards to traditional bank transfers all these withdrawal methods are provided by this broker. Along with this, major e-wallets and online transaction applications such as Skrill Neteller, and CashU are also available on the LimeFx trading platform.
Is LimeFx a trusted broker?
The two are different, and represent the different features mentioned above. LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms. LimeFx presents a broad market area comprising of a plethora of trading instruments, which includes stocks, ETFs, futures options, futures, bonds, and mutual funds as well. In futures and options trading, LimeFx provides an easy and transparent fee structure of $ 1.50 per lot per side.
As an online broker LimeFx provides direct access to customers in multiple trading assets of the financial markets. From forex, stocks, futures, bonds, metals, and Cryptocurrencies, LimeFx offers numerous trading options to its potential clients. Through this account type, professional traders and investors can trade options and futures assets at a minimal less than a $ 3 commission rate. Moreover, traders limefx company reviews have the opportunity to reach financial exchanges worldwide with a minimum deposit of $ 200. With more than 9000 trading instruments users can register to this account type and get access to the advanced user interface of MT5 even through their mobile phones. Along with the security of investment and funds, the second advantage of LimeFx is that it provides trading options in many asset classes.
The platforms have the opportunity to customize needs and requirements through MAM or PAMM offerings. By entering the name, last name, email, and phone number of the account holder, the user can select the box which confirms that the customer is agreeing to the terms and conditions of the brokerage firm. A review of any broker is incomplete without the inclusion of customer feedback. The response of the clients is unbias and always gives a clear picture of any company. In this regard, it is very important to consider customer reviews while evaluating LimeFx as a competent brokerage service. Something that isn’t as commonly mentioned in user LimeFx reviews is the fact that you’ll be able to trade cryptocurrencies on multiple different platforms, if you do decide to use the exchange in question.