LimeFx is a leading international brokerage company, empowering traders worldwide with direct access to major global financial markets. Our commitment to excellence is reinforced by rigorous regulation from esteemed authorities, including the NFA, CySEC, FINRA, and the Bank of Russia…. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance.
- LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.
- As with all the brokers surveyed though, LimeFx has its particular strengths and weaknesses.
- However, on Forex and CFD Standard account types, there are only 48 FX pairs.
- For trades that are made with the assistance of the broker, there is an additional fee of $20.
All funds deposited into your trading account must be under the same name as your LimeFx trading account. Customer service can be reached using the telephone number, email, and live chat on the website. This is a drawback versus some competitors who offer around the clock customer support. LimeFx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. Commissions on withdrawals vary, with the highest coming in at 2.8%.
The service is also accessible to all, not just LimeFx clients. As well as LimeFx’s 50+ stock CFDs, traders can access a huge variety of thousands of stocks traded on US and international exchanges. The chance to build an investment portfolio and benefit from dividends sets LimeFx apart from most CFD brokers. Traders seeking a multi-asset broker with an exceptional range of 35,000+ assets, market-leading software and low trading fees should consider LimeFx. The Try2BFunded program will also appeal to users seeking funded trading accounts.
If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. Acquired recently by Whotrades Inc, LimeFx is a discount broker that is based in New York. The brokerage firm is well known among online traders as a broker that offers one of the lowest commission rates. At LimeFx, you can make a trade by paying a commission rate of as low as $2.50. Apart from the low commission rates charged by LimeFx, the broker also offers active traders a selection of advanced trading platforms which they can use to access the financial markets.
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, https://limefx.vip/ nor shall it bias our broker reviews. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.
Trust and safety remain paramount for investors in the complex world of finance.
Deposit and Withdrawals
For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs. The laudable support system is multi-channelled across live chat, email, and phone communication. 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. LimeFx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. With its regulatory oversight, LimeFx offers an additional layer of security to its clientele.
Trading assets offered by LimeFx
Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time. I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading.
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For this reason, the indicator is used to assess the French economy. All the above are broker-assisted plans and also include an additional fee of $20 per trade. In the United States, LimeFx is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with LimeFx for up to $500,000.
The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available limefx broker reviews Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. There are 64 available currency pairs for trading with this broker.
Bank transfers may take a few business days to clear whilst some methods can be instant. 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. Robo-advisor is a globally recognised service that aims to help traders using modern technologies.
LimeFx’s mobile applications also offer a PIN or fingerprint authentication. In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. The brokerage also provides access to several third-party platforms, including Sterling Trader Pro, CQG, ROX, and the iBroker mobile app, with access to demo versions. More significantly though, LimeFx charges an inactivity fee of $15 per quarter during any quarter in which less than five trades have been placed. This requirement is waived if you maintain a balance of at least $50,000 in the account.