Technically, the call is supported by Zingaya, the call quality is good and the competence of the managers of the support team is high. It seems that the broker rebroadcasts the news from a third-party source, but does it extremely ‘awkwardly’. We are hoping that the broker will soon eliminate this drawback.
Our review is nonetheless alive to the fact that the LimeFx platform doesn’t have an integrated mutual funds screener. 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. LimeFx currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this LimeFx broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia.
- According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process.
- The same instruments that may be traded on browser-based platforms can also be traded on mobile apps.
- However, because the broker is regulated by the CySec, there is a high chance that it is not a scam.
- To help understand LimeFx commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples.
- When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.
- With Internet access and a smartphone with a browser, any customer can use this module for intraday scalping in DOM (Depth Of Market).
FX and МТ5 Investments are essentially a copy trading service, or investment in the so-called PAMM accounts. The selection is impressive and it makes LimeFx stand out among the competitors. Degiro does not offer any similar products, while Swissquote only has Robo-Advisor (minimum 10,000 CHF) and Theme trading. The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types.
In essence, for the pragmatic trader seeking efficient simplicity, LimeFx is a commendable choice. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
Lastly, Sterling Trader Pro designed for Professional individual traders and Proprietary trading groups offers all the US equity and options exchanges, and more than 50 execution routes and venues. LimeFx deposits are free of charge, however, for withdrawals, there might be some commissions depending on the funding method the trader chooses. Withdrawal requests are processed within 1-5 days depending on issuing bank. LimeFx provides traders with competitive floating spreads starting from 0 pip. Based on our finds, the average spread for EUR USD is 0.5 pips with all costs included, and ECN account for active traders features raw spread plus $3 commission per lot.
- I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions.
- Completing this short overview of QTrader, let us say that CQG Incorporated, as a company producing software for trading at the exchange, was established in 1980.
- That being said, the platforms built-in tools should be more than enough for most traders.
- Its main goal is to promote efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection.
A manager called us within 20 minutes, we discussed all issues and questions and our account was verified in an hour. This is one of the best results in terms of quickness of account opening among the brokers with European regulation. 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. The low minimum deposit is the broker’s advantage over such competitors as Swissquote. The procedure of opening an account on https://limefx.vip/ is classic and similar to other brokers with regulation in Europe.
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To have access to trading accounts, LimeFx’s mobile applications, LimeFx+, and LimeFx pro offer pin and fingerprint protection. 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. One of them is -trade schedule with equity transactions costing $2.50. It provides market access instantly and allows operating and investing in assets, and control account status and withdrawal. This prevents the hassle of trading on the computer all the time.
The list includes all major pairs, cross rates and some exotic instruments, such as USDILS. Access to the exchanges of Asia and Oceania is average – only 4, albeit rather large, exchanges. We estimated the broker’s reliability as high, but not as high as possible. Too long verification, regular technical failures, problems with the execution of transactions – and these are not all the disadvantages of working with this broker.
The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000. It also charges a monthly fee of $333, although this rather uncomfortable charge is reduced by any commissions paid during the month. LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms.
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. In this LimeFx Review, we are going to take a look at the offer that this broker prepared for its traders. When it comes to trading platforms, the broker features MetaTrader 5 and MetaTrader 4. LimeFx offers its customers an impressive choice of trading instruments at several dozen exchanges of the U.S., Asia, Russia, and EU. We estimated the commissions and fees on the majority of markets as low or market average.
Overnight Funding Fee
I was also disappointed in the platform’s lack of research tools. In this limefx website review, we determine that they offer good value in the way of software offerings, good commission prices, and offerings that just about match the rest of the industry. As discussed already, the minimum balance for keeping an account open is $100. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working. The broker at LimeFx comes under the regulation of the CySEC – Cyprus Securities and Exchange Commission. The investor’s compensation fund has LimeFx as one of its members.
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. Transfers in from one account – say the IRA – to the LimeFx account are free. LimeFx aims to uplift its user base through a range of educational resources, striking a balance with some of the industry’s heavyweights. While they’ve taken commendable strides, there’s still a journey ahead to stand shoulder-to-shoulder with the best.
Admittedly, the registration process for LimeFx is rather cumbersome. This is browser-based, but nevertheless incorporates some powerful features. There is also a trade ticket, which offers market and limit orders on close.
Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms. Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. ROX trading platform provides traders with direct access to the stock markets of Canada, the USA, and other countries. The platform is also offered for partnership programs by LimeFx. LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.