LimeFx Review: Should They Be Your Forex Broker?

You can also create a demo account if you’re not still sure about the entire process, which will give you a chance to try out the platform at your own pace. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA. This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions. Crypto exchange fees are usually segmented into three different parts. Deposit fees are, admittedly, a very rare sight to see – most exchanges are void of them. Yes – LimeFx is a legitimate brokerage registered with several respectable regulators and financial authorities, including the CySEC, NFA, FINRA, and Bank of Russia.

Demo account

You’ll see how other members are doing it, share charts, share ideas and gain knowledge. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs.

Account transfers:

It’s no wonder, really – buying cryptocurrency with a credit or debit card is probably the simplest and most-straightforward way of going about it. It’s very quick, super-beginner-friendly, and you can also expect the crypto coins to reach your wallet in minutes. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by LimeFx and its competitors.

Geography of broker’s customers

Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Let’s review a specific example of how much a trader will have to pay for the execution https://limefx.vip/ of a standard lot of 100,000 units of base currency in popular trading pairs of different classes. The final figures specified in the table include the spread and all commissions and fees charged by LimeFx and Swissquote. LimeFx offers a larger selection oftrading platforms than many other online brokers.

1. Individual portfolios is an offer to invest in one of five portfolios created by LimeFx.
2. If you can’t find the information on the website and the managers of the call center cannot help you, you need to write an email.
3. This universal combination is designed to satisfy the demands of the majority of customers and make the broker stand out against the competition.
4. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering.

CQG Desktop

While using LimeFx, we noted that some withdrawal methods are only available if you deposited using this method and/or are using the same card. Deposit times are instant apart from bank transfers, which typically take 2-3 business days. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

LimeFx Forex and CFD Standard Account

For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets. MT5 Global account is the successor of the one earlier called Single Trading Account. 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.

The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. This means the broker effectively acts as a middleman to give traders access to the forex market. On a more positive note, our limefx forex brokers reviews 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. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.

Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. LimeFx is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities.

In this LimeFx review, let’s look at their fees and commissions. Furthermore, stocks and options are priced according to two different plans. Investors on LimeFx can put money into investment funds that are managed by other users. Clients must allocate a minimum of £۱۰۰ 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.

For long-term investment, many professional traders choose trading towards positive swaps. Competitive commissions and fees and a wide range of available markets are the key advantages of LimeFx. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. We don’t care what your motivation is to get training in the stock market.