LimeFX Broker Review 2024: Pros, Cons and Pricing

The discount broker further provides limited ETF-related educational and research reports. They have mobile-optimized charts, multiple order types and facilitate one-click trading. We have been fairly impressed with the customer service provided. Support is available 24/7 which stands up well against competitors we have tested. We rank the broker down when it comes to educational resources. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library).

Pivotal to Client Peace of Mind

1. Our experts also factor in their hands-on testing experience into broker ratings.
2. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers.
3. Based on our tests, LimeFX is an excellent broker for active forex traders.

There are usually no deposit fees but banks may charge a third-party fee for wire transfers. Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFX account. 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. MetaTrader 4 is offered with LimeFX’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app.

It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. If you’re an experienced active day trader, you may find that LimeFX has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities limefx broker reviews offered, the initial investment required, etc.

Is LimeFX regulated?

They offer a few account types withdiffering market access, fees, and commissions. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports. In a world full of trading possibilities, LimeFX is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers.

Leverage

Copy traders can diversify via the proprietary J2T Copy service, which requires a low minimum capital requirement of $100. The Robo-Advisor limefx reviews presents an alternative for long-term investors. LimeFX also features in-house managed investment portfolios, available from a $250 minimum investment and a minimum investment period between three to twelve months. CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader. Individual traders must transact a monthly minimum of 250,000 shares to qualify. The LimeFX demo account has an overly high demo account balance of $100,000, but the registration is refreshingly swift.

Guardian Trading Review 2024

Again, this fares well with many firms that charge a commission of $3.50+ on their ECN solutions. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While LimeFX’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into LimeFX’s offerings, evaluate the platform based on your goals and preferences.

A CySEC-regulated broker with a choice of trading platforms and 30,000+ assets. The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days. Minimum withdrawal amounts also apply to certain processing methods. Importantly, these times and minimum requirements are in line with most of the industry. Although there are companies with lower minimum deposits, this is still a reasonable amount.

Crypto, on the other hand, is active 24/7 due to its decentralised nature. LimeFX provides access to a free demo account that facilitates risk-free investing practice. The sign-up process for the demo account is much faster than the live account registration. Note that, for credit card withdrawals from the MT5 Global account, a commission is not charged when refunding to the same card. 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.