LimeFx is most likely to attract independent day traders and active swing traders who are worried about costs and have certain requirements for trading and research. Traders must accomplish a profit target while avoiding particular drawdowns and daily loss amounts in the first two stages of the program. If they pass both, they’ll have a funded real-money account and can trade the firm’s capital (a monthly subscription fee applies). You’ll learn whether trading stocks is the right online business for you. This review will go over LimeFx to see if it really is the best trading platform out there.
- However, the user will not be in a position to trade with anyone before a live account is opened.
- Lastly, Sterling Trader Pro designed for Professional individual traders and Proprietary trading groups offers all the US equity and options exchanges, and more than 50 execution routes and venues.
- LimeFx + is their free advanced web-based trading platform, available to all clients.
- And I can guarantee you that’s a lot harder than a few clicks & a phone call.
The users can contact customer support service in many ways, however, physical interactions are not catered to by this firm. The clients can use phone, email, or website dropbox to get in touch with the customer support staff https://limefx.name/ of the broker. The fees and commission policies are not clearly defined on the website. However, it is mentioned in the trading commissions section that all trading transactions will have a 2.5% commission rate per trade.
Is LimeFx a trusted broker?
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 These amounts can take up to 7 business days to reflect in your LimeFx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. You can also access this new York-based broker’s customer support team by contacting them directly via their different social media handles, email or through the toll-free number on the website.
A live trading account will only be active when the trader would pay the initial deposit funds. The financial market is filled with tons of online brokerage companies that provide standard trading services to their customers. However, limefx it is time-consuming and exhausting to find one reliable, licensed, and legitimate brokerage firm for trading investments. Among these brokers, LimeFx fits the criteria of an online broker worthy of small or large investments.
Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Also, they allow you to deploy a strategy of your choice, either manual or automatic through popular EAs. There are many differences between Avatrade and LimeFx as a brokerage firm. Like any other brokerage firm, LimeFx also provides helpful customer services to clients. Hence, LimeFx users get professional consulting services as well.
Pros & cons of LimeFx
These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. Traders can feel secure knowing that LimeFx
has a long and proven track record of offering brokerage services and is licensed and regulated in
the European Union. 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
LimeFx Assets: Financial Markets Options, Mutual Funds, Etc.
There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio. MetaTrader is a famous trading platform developed by MetaQuotes (Russian Software Company) and used by many traders worldwide. MetaTrader is available for free on the desktop (Windows/Mac), online, and mobile (iPhone/iPad/Android/Tablet). Sterling Trader Pro is a direct-access trading services platform that allows you to trade stocks and options. Greeks and volatility are calculated using its options trading interface.
Hence, this LimeFx review gives direct access to the readers to each and every benefit and flaw of this trading platform. 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. Moreover, the broker also gives opportunities to traders to earn profits through STP and ECN accounts as well. Thus, overall we can say that LimeFx is a good option for any trader or investor who is looking for a reputable brokerage platform. The per-trade schedule requires $2,500 to start trading, and if an account slips below $2,000, LimeFx will suspend the account’s trading capability.
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. I was pleased to see that the broker gives you professional analytical assistance with high-quality research that covers most financial markets and instruments worldwide. This can be an excellent way to improve your knowledge of the markets and your trading strategy.
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Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. 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 this account, the users have the benefit of trading with the latest technology trading platform MT5. Moreover, through this account traders have the option of investing in different underlying assets including, futures, options, stocks, and even cryptocurrencies. The commission rate in this account type ranges from 0.006% to 2.5% depending on the trading instrument.
How to Use the Most Liquid Forex Pairs for High Frequency Trading
This makes LimeFx a better option for many traders compared to Alpari. Comparatively, Alpari is the most experienced brokerage company in the financial markets that was established in the year 1998. 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.
Along with this, a fee of $ 15 is also charged for inactive accounts per quarter. However, there are no added withdrawals or any other extra charges applied by this broker. In forex trading LimeFx claims to offer tight spreads from 0 pips just like any other reputable software. As narrow spreads minimize the difference between ask and bid prices, tight spreads are one thing major and minor any type of trader appreciates in any brokerage service. A review of any broker is incomplete without the inclusion of customer feedback. The response of the clients is unbias and always gives a clear picture of any company.