Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. With its regulatory oversight, LimeFx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
LimeFx Customer Service
One of them is -trade schedule with equity transactions costing $2.50. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada. They come with better functionality and are easy to use and access. LimeFx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders.
Overnight Funding Fee
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. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. Details regarding futures trading fees are subject to verification, and potential traders should consult LimeFx’s official platform for accurate, real-time information. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.
Demo Account
Clients must allocate a minimum of £100 to take advantage of this feature. There are also robo-advisor and individual investment portfolios, where traders can determine the profitability potential of each position and limit any losses on their investments. Online APIs, such as REST API, support the integration of additional features to the standard broker experience.
We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user LimeFx reviews that outline the best benefits and features of the platform. It’s worth noting that the MT5 accountprovides https://limefx.biz/ full access to all assets. The Standard and currency ECN accountsprimarily provide CFDs for currency, precious metals, andstocks/indices/energies. LimeFx offers a diverse range ofassets, such as currency, bonds, stocks, and futures.
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. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where LimeFx Pro charges $2.50 per trade but are commission-free on the LimeFx lite platform. LimeFx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs.
- Note, all clients must be 18 years of age or older to open an account.
- MetaTrader and CQG have intuitive mobile apps that LimeFx clients can access for free.
- These can be positive or negative, depending on the asset and whether it is a long or short position.
The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation. LimeFx is an online broker offering stocks, options, forex and bonds through professional platforms and apps. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique.
These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make LimeFx a perfect broker for an elevated trading experience. For those inclined toward commodities, LimeFx provides a diverse asset range, including agricultural and non-agricultural securities. Obviously, LimeFx isn’t your standard cryptocurrency exchange – it has a separate section for an asset and security brokerage, and also a cryptocurrency exchange part, too!
However, customer support isn’t limited to regular work hours. They also extend their reach to cater to queries during extended hours. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).
Although there are companies with lower minimum deposits, this is still a reasonable amount. LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms. To have access to trading accounts, LimeFx’s mobile applications, LimeFx+, and LimeFx pro offer pin and fingerprint protection.
For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs. 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. Transfer of funds through this account takes two to three dates (approximately). They require a holding period of five days before the availability of trading control is provided.
The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances.
It allows investors to have access to markets without actually trading on their own. This might lead to the potential generation of revenue through investment fund management. LimeFx’s Cyprus SEC- Registered company allows non-US limefx review traders to open an account with them and enable spot trading in cryptocurrencies, CDFs. The traders and clients of LimeFx can use the mobile platform. Quotes and real-time charts are available with technical studies.
The platform, however, does prove to be a great alternative for anyone who’s interested in purchasing some crypto coins for themselves. To be fair, that is likely because of the fact that J2T CryptoExchange isn’t primarily a cryptocurrency exchange, but rather a stock-and-other-asset brokerage. 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.
There is currently an MT5 Global special promotion on LimeFx that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC). This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm. The desktop trading platform makes use of images, pins, and phrases for better security of the user and its information.
Admittedly, the registration process for LimeFx is rather cumbersome. 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.
