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. Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
- Support is available 24/7 which stands up well against competitors we have tested.
- Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips.
- The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs.
- For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts.
- CFDs can also be traded with leverage, which increases potential returns (and losses).
Available on Different Platforms
We will help to challenge your ideas, skills, and perceptions of the stock market. Every day people join our community and we welcome them with open arms. We are much more than just a place to learn how to trade stocks.
Customer support
The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads. That being said, there are sometimes desktop versions available for which a download would be required. For example, MT5 is protected using data encryption, server authentication and more.
Great company
This broker was established in 2007 and now operates in 130 countries with over 155,000 clients. Its registered address is in Limassol, Cyprus but with offices around the world in Europe and Asia, this is a global broker. LimeFx has also won multiple awards, including the worldfinance.com award for Best Customer Service 2022. They have mobile-optimized charts, multiple order types and facilitate one-click trading.
LimeFx Fees and Pricing Review
Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment.
ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time. Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace. 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.
If you leave your account unused over a long period, LimeFx will charge an inactivity fee. So, you want to keep your account active and engaged to https://limefx.biz/ avoid withdrawal restrictions. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
Using free market research of LimeFx’s experienced analyst team, clients get the opportunity to create their own investment strategies. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.
It’s no wonder, really – buying cryptocurrency with a credit or debit card is probably the simplest and most-straightforward way of going about it. It’s very quick, super-beginner-friendly, and you can also expect the crypto coins to reach your wallet in minutes. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA. This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions.
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. Yes – LimeFx is a legitimate brokerage registered with several respectable regulators and financial authorities, including the CySEC, NFA, FINRA, and Bank of Russia.
The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. LimeFx is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness.
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). Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. Besides, LimeFx limefx review 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. Transfers in from one account – say the IRA – to the account are free.
You can also search for the broker’s name in the respective regulator’s digital register. The web-based platform also has a clean and intuitive interface that displays total profit and loss, plus charting functionality. Note, all clients must be 18 years of age or older to open an account. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. Also, we provide you with free options courses that teach you how to implement our trades as well.
Traders placing a high volume of positions will also find the fees very reasonable. LimeFx is owned by Lime Trading (CY) Ltd, which is regulated by CySEC and ESMA. It is also a member of the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations.
This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere.
On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. 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. Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000.