14 Mar LimeFx Review: Key Features, Pros and Cons
LimeFx fees spread and commissions start from US Dollar 2 per lot with spreads from 0.0 pips. The rest of this review will go into greater
detail regarding the offerings, accounts, and conditions available limefx company reviews from
LimeFx. Customer service is reported to be very
friendly and helpful, and we found that to be the case when we contacted them
to answer some basic questions regarding the accounts at LimeFx.
- Moreover, the broker also gives opportunities to traders to earn profits through STP and ECN accounts as well.
- Moreover, traders also have the option to connect to their own API while trading stocks with this broker.
- There are also many trading tools and educational resources available on the broker’s website for the convenience of the traders.
- It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research).
- Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
- The MetaTrader4 developers have used the
advanced technology of the IT industry.
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. Those assets range from the usual forex
offerings to stocks, futures, options, and even bonds. LimeFx is also waiting for you in the most rapidly developing markets of the world. Open Demo account to try your hand at trading in the financial markets. Contact us directly for further
inquiries about our products and services.
FX and MT5 Investments
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. On the one hand, the broker does not disclose information about owners, top managers, profit and other data. We estimated the broker’s reliability as high, but not as high as possible.
You will need to spend a little bit of time getting to know where everything is. Also, there is a good chance to get confused about the account, as one and the same account could have different names in different places. For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets.
Customer service is friendly and
professional, and having the ability to contact them on the weekends is a real
bonus for those who have general questions or basic concerns. With internet access, speakers and a microphone, you can receive responses from the managers of the support team within a minute on average after you click on the button with the phone receiver image. Technically, the call is supported by Zingaya, the call quality is good and the competence of the managers of the support team is high.
- They also offer the
powerful CQG Trading Platform, the ROX Premium platform, the Sterling Trader
Pro, and the Lightspeed Trader.
- LimeFx fees spread and commissions start from US Dollar 2 per lot with spreads from 0.0 pips.
- The broker decided to reorganize the account structure and now it is impossible to open a Single Trading Account, although open positions are still supported on them.
In addition to those two award-winning
platforms clients can also choose from the powerful CQG Trading Platform, the
ROX Premium platform, the Sterling Trader Pro, and the Lightspeed Trader
platform. Their website has a user-friendly
interface, making it easy to find https://limefx.group/ all the necessary information and details
regarding the broker, its offerings, and its terms and conditions. Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
LimeFx Reviews and Comments
The broker is based in Cyprus and is regulated by the Cyprus
Securities and Exchange Commission. In addition to having some of
the lowest fees and spreads in the business, LimeFx also has an immense
range of assets available to trade. Those who already have some trading experience
can opt for the Forex ECN account, which
delivers the greatest execution speed and extremely low spreads that begin at 0
pips. Note that there is a commission on the ECN account, which is $3 per lot
or less. Yes, LimeFx is a reliable and trusted broker that is serving over a million customers worldwide.
CQG Trading Platform
One of the most attractive offerings from LimeFx is the low margins and no hidden fees policy. You’re not likely to find as many trading
platforms offered by other online brokers. LimeFx has six different
platforms to choose from, including the always popular MetaTrader 4 and
MetaTrader 5 platforms. MetaTrader 4 – MetaTrader4 is designed for
trading operations and technical analysis in real-time while working in the
Forex, CFD, and Futures markets. The MetaTrader4 developers have used the
advanced technology of the IT industry. MetaTrader 4 is offered with the
Standard, Forex ECN, and Forex ECN Pro accounts and can be used as a desktop,
mobile, or web app.
In this LimeFx review, we aim to provide all the relevant information regarding this brokerage firm so that it is easier for any trader or investor to choose this broker for their trading needs. Conditions of LimeFx for holding marginal positions cannot be considered attractive for developed markets. The broker’s commission depends on the volume of trading – the higher the number of the contracts, the lower the commission. LimeFx presents a broad market area comprising of a plethora of trading instruments, which includes stocks, ETFs, futures options, futures, bonds, and mutual funds as well. Over the years, it has gained the trust of over 1 55,000 clients across the world. It provides a competitive price and a plethora of trading tools to its day traders and investors.
The education and research offered by
Trading Central are broad and deep, covering both fundamental and technical
research, along with economic and news-based indicators. It really does cover
all the bases and is a valuable addition to the LimeFx experience. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. There is no indication of whether LimeFx offers the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law. Yes, LimeFx is a regulated broker holding a trading license from the Cyprus Securities and Exchange Commission (CySEC).
Even though Alpari has maintained its name in the market as a reliable and regulated broker, it has not managed to reach the league of the best brokers in the industry. Each account has different specifications which are custom made keeping in mind the needs of each type of trader. Moreover, another positive aspect of LimeFx is that it is a regulated and licensed firm with EU authorization for the security of customers’ funds.
It usually takes five business days, along with an ACH activation form. One of the common electronic payment networks in the United States. After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get facilitated. Wire transfer, OFX transfer, ACH transfer help in the funding of a LimeFx account.
The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types. Noteworthy, compared to cryptocurrency exchanges, the brokers offer worse conditions. We estimated the selection of investment products on LimeFx as excellent and the commissions as average in the market. A number of brokers offers their customers from Muslim countries a swap free option.
LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers (IB). LimeFx is a regulated broker with good trading software and trading capabilities, suitable for robot or auto trading. We have a phone, an email and, a very interesting, online chat and a service that with a single button you access a live call via the web. We found this last service interesting and novel since almost no broker has it. We understand that they are the same methods as for making deposits and that the costs will be the usual ones.
With an MT5 Global account (this is the main type of account, which we will review in detail below), LimeFx customers can trade shares at 15 exchanges of different countries. For the Russian securities market, the rate is 0.044% per day (16.6% annual). A number of top Russian brokers are ready to provide financing for the purchase of shares at less than 10% annual interest. 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.
In another attempt to understand the services and standards of LimeFx as a brokerage service, it is important to do a comparative analysis of LimeFx with other trading platforms. This procedure will help readers to have a better insight into the pros and cons of LimeFx as a brokerage company in the financial markets. In addition, there are many other value-added features of this brokerage service. For instance, it provides STP and ECN account types for trading forex and cryptocurrencies with high liquidity and fast order executions.
The platform is also offered for partnership programs by LimeFx. This is a beginner’s account that features a lower
minimum deposit amount of $100, along with no brokerage commission and
protection against negative balance. After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests.