LimeFx Review 2024 Expert View On Stocks & Options Broker

Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. Overnight funding fees and other transaction charges, require detailed understanding on the LimeFx platform. Doing so will help you know how the fees work and how to apply them. LimeFx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. Contact us directly for further inquiries about our products and services. LimeFx is also a member of theInvestor Compensation Fund.

Step 1: Open an account

The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the LimeFx network. https://limefx.biz/ Platform fees vary between $25 and $595, though CQG Desktop is free. Investing in futures and options costs $1.50 per contract per side (buy or sell).

Trading assets offered by LimeFx

• CQG gives direct access to over 40 global markets and products, including futures and options.
• Our watch lists and alert signals are great for your trading education and learning experience.
• 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).
• Personally, I would expect my broker to willingly accept phone calls.

I can enter several world exchanges from one account at the same time. I pay only 0.3% of transaction amount for transferring my assets to the next day. My application was approved immediately after all my trades were closed. 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.

Deposit and Withdrawals

So, before diving into LimeFx’s offerings, evaluate the platform based on your goals and preferences. LimeFx doesn’t charge withdrawal fees, but external payment providers may have their fee structures. Forex trading fees work using spreads to eliminate additional commissions or fees.

Forex Research

LimeFx offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. Their selection includes tens ofthousands of individual assets. For example, they offer over 30,000 stocks andmore than 90,000 option assets.

This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. For traders who require a more robust platform, LimeFx offers several options. The brokerage recommends the platforms according to the type of security traded.

However, customer support isn’t limited to regular work hours. They also extend their reach to cater to queries during extended hours. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. The Forex demo account at LimeFx isdesigned for traders who are new to forex markets.

LimeFx’s minimum initial deposit is somewhat for the industry at $2,500. Once an account is opened, clients must maintain a balance of at least $2,000 or else their capability to trade ceases until they deposit more money. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. LimeFx has a wide range of markets to invest in, including various securities and derivatives.

What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.

This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates. You will find that LimeFx have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader limefx scammers 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.

The firm boasts a wide range of assets, including stocks, forex, futures and cryptocurrencies, all of which can be found on the MetaTrader 4 and MetaTrader 5 platforms. This 2024 review will explore LimeFx’s services in more detail, including the price per trade, deposit and withdrawal options, and UK customer service quality. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.

LimeFx follows theEuropean Securities and Markets Authority’s (ESMA) regulatory framework andparticipates in the Investor Compensation Fund. These regulatory associationsprovide monitoring and potential protection for traders’ funds. Now, if you plan on trading cryptocurrencies long-term, that’s not an issue.

It was released in 2005 and quickly became popular amongtraders for market analysis and strategy development. MetaTrader 4, whichfocuses mostly on forex trading, is compatible with LimeFx’s Standard,Forex ECN, and Forex ECN Pro accounts. It is available in the desktop,smartphone, and web app formats. 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! The platform, however, does prove to be a great alternative for anyone who’s interested in purchasing some crypto coins for themselves. The two are different, and represent the different features mentioned above.

As for speed, most transfers are instant, with bank wire taking 2-5 business days. LimeFx offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. 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.

It offers all the basic features one would expect from a web-based broker platform, and then some. In addition to the staple features like candlestick charting, watch lists, and an option chain, the platform also features level 2 and time & sales. The advanced trader is likely to find a platform they feel at home using at LimeFx. Not only do they offer their own proprietary platforms, but they have access to industry standard platforms like MetaTrader 5. LimeFx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker.

Additionally, this trader should be good at troubleshooting platform issues, as the customer service is not as reliable as a larger broker either. If a trader can put up with these drawbacks, they enjoy reduced commission rates. For example, MT5 is protected using data encryption, server authentication and more. Personal account security on LimeFx is strengthened by two-factor authentication (2FA). The broker can also restrict account access if it believes security has been breached.