Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. Broker offers professional customer support around the clock. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. 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.
They both get used to their vast customer-supportive designs and excellent functionalities. It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices. Lime Fx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for.
Step 1: Open an account
Broker maintains up to 14 different types of user accounts on its platform. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. It enables the customer to get a certain bonus and use it for multiple benefits.
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. Sterling Trader Pro is another platform that is available to Lime Fx customers. Some broker-dealers charge for this, so free access is quite generous.
Lime Fx Payment Methods
Lime Fx offers several platforms and doesn’t charge a dime for any of them. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making.
Cryptocurrency trading on Lime Fx
One is a per-trade schedule where equity transactions cost $2.50. You need an account balance of at least $2,500 to qualify for this rate. The commission increases to $4 if your balance falls below this level. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks limefx review involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. The discount broker further provides limited ETF-related educational and research reports.
- After testing it out for a while, I thought this was the most sophisticated software in Lime Fx’s portfolio.
- Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform.
- OEC Trader is a desktop platform that is designed for futures trading.
- The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro.
- Wire transfer, OFX transfer, ACH transfer help in the funding of a Lime Fx account.
- Besides the default routing option, Lime Fx + offers Nasdaq and Arca venues.
Besides, Lime Fx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Transfers in from one account – say the IRA – to the account are free. Lime Fx says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls.
- It takes one entire business day for domestic wire transfers, given that the information provided is legit.
- One is a per-trade schedule where equity transactions cost $2.50.
- Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.
- Yes, Lime Fx offers demo accounts and setting it up is very simple and easy.
- They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs.
In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the Lime Fx+, Lime Fx pro, the commission-free Lime Fx Lite, and Lime Fx mobile apps. They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities.
The per-trade schedule requires $2,500 to start trading, and if an account slips below $2,000, Lime Fx will suspend the account’s trading capability. The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000. It also charges a monthly fee of $333, although this rather uncomfortable charge is reduced by any commissions paid during the month. Lime Fx ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support.
Trading Fees
Lime Fx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro.
Web Trading Apps
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. Asktraders is a free website that is supported by our advertising partners.
Inactivity Fee
They have a regulated fee that doesn’t exploit the registered https://limefx.club/ users. From Monday to Thursday, 9-6 pm EST is the available time for customer support, and on Friday, the timing is 9 am to 5 pm EST. A demo account is available to people with the Lime Fx+ and Sterling Trader Pro. Lime Fx+ is a browser-based platform that has some powerful features which are similar to level II data.
