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. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. However, traders should pay attention to potential charges by individual payment channels.
Is LimeFx regulated?
With this in mind, LimeFx isn’t the best forex broker for new traders in our view. We aren’t impressed with the additional trading features available. Based on our evaluation, there aren’t many forex tools to improve the trading experience. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. Our review shows LimeFx scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported.
Versatility and Inclusivity in Account Offerings
These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders. It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.).
Trading platforms of LimeFx reviewed
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFx offers ultra-fast trade executions, low fees and powerful platforms, making it a good pick for day traders. LimeFx offers access to bonds, commodities, futures, CFDs, stocks, forex, ETFs, cryptocurrency and options on its main proprietary platform, alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5). LimeFx offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes. Our experts tested and reviewed each trading platform in more detail below. LimeFx is a front-runner among the diverse online brokerages on the market.
In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know. It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research). In the last 10 years, MT4 has maintained its position as the main platform for traders, due to its stability, versatility, and ease of use. It has numerous options and functionalities and offers multiple technical analyses, graphics tools, as well as the possibility of algorithmic trading and automation of the operation. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. We have interwoven our advantages to create a seamless tapestry of trading excellence.
Futures Fees
Our evaluation of LimeFx shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank LimeFx down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. 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.
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. 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 avoid withdrawal restrictions. Contact us directly for further inquiries about our products and services.
- These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
- Such policies solidify LimeFx’s reputation in the financial trading space.
- Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports.
- 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.
- Traders have access to metals, oil, index CFDs and 47 forex instruments.
Explore meticulously crafted investment solutions, infused with customizable levels of profitability and protection to align with your unique financial goals and risk tolerance. Navigate your way through transparent, flexible, and diverse investment avenues designed to deliver substantial returns while safeguarding https://limefx.biz/ your capital. Embark on your Forex trading journey with J2T Copy and discover a world of profitable opportunities, strategic insights, and reliable investment avenues. It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding experience for all.
The minimum deposit amount of $100 when registering a live account is equivalent to ZAR1,758.83 at the current exchange rate between US Dollar and South African Rand on the day that this article was written. 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.
For this reason, the indicator is used to assess the French economy. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The limefx scammers material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
In this LimeFx review, let’s look at their fees and commissions. Furthermore, stocks and options are priced according to two different plans. Our testing shows that LimeFx offers lower fees than most forex brokers, especially in its premium accounts. Looking at the negatives, LimeFx scores poorly when it comes to education, reducing its suitability for beginners. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use.
The amount of the minimum deposit for brokers like LimeFx varies widely from one trading platform to the next and can range from $0 – $10,000 with some brokers and trading platforms. LimeFx has a minimum deposit requirement of USD and is aimed at more mainstream traders. 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.
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. These amounts can take up to 7 business days to reflect in your LimeFx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. Lightspeed Trader is a platform designedfor professional traders who prioritize reliable market data, extremely lowlatency, and high performance. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
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. All the above are broker-assisted plans and also include an additional fee of $20 per trade.