Therefore, this inactivity fee could be a factor for smaller investors who trade sporadically. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. As a financial services provider operating in the U.S, LimeFx comes under one of the most regulated sectors in the U.S economy.

There, however, are no ETF trade screeners on the LimeFx platform. The discount broker further provides limited ETF-related educational and research reports. Match any two of these requirements to qualify as a professional client. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release.

1. In our LimeFx.online review, we have covered how it works, alongside the pros and cons.
2. If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option.
3. LimeFx doesn’t charge withdrawal fees, but external payment providers may have their fee structures.
4. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers.

LimeFx is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees. You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity. https://limefx.name/ I like how they take an individual approach to each client regardless of your investment size and have 24/7 support. There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100.

If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. LimeFx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. Sterling Trader Pro is a direct-access platform for equities and options.

Trading Fees

This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. In a world full of trading possibilities, LimeFx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. On the other hand, traders are charged commissions starting from 3 USD per lot.

Cryptocurrency trading on LimeFx

Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months).

LimeFx Review: A Forex broker with numerous tradable instruments

Their commission and margin rates make LimeFx a competitive choice to consider for frequent, heavily-involved investors rather than for smaller customers looking to place an occasional trade. Another dimension to add to this profile of who is a good fit for LimeFx is the type of investment research resources they provide. On ordinary online stock trades, LimeFx offers a flat-rate commission of just $2.50. Only two of the nineteen brokers MoneyRates surveyed offered lower commission rates, and $2.50 represents of a substantial discount from the average online broker flat-rate commission of $6.05. It is just slightly over half of the $4.95 price point that several online brokerage firms have gravitated towards lately. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.

Seamless Financial Transactions

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. Overall then, LimeFx might not be the best fit for a small investor who is just getting started.

It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. Unlike the LimeFx +, the LimeFx Lite platform is designed to suit traders who are more into technical analysis.

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. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. LimeFx maintains up to 14 different types of user accounts on its platform. In this LimeFx scammed by limefx broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. If you are a high volume trader, then Per-Share plan would be more suited for your trading activities.

LimeFx also offers the Try2BFunded program for those looking to become professional traders. In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts. If investors successfully pass both steps, they  receive access to a funded real-money account and can trade on the firm’s capital (a monthly subscription fee applies). With trading platforms compatible with Windows and Mac desktops, LimeFx ensures non-mobile traders have a comprehensive trading experience in the desktop environment. For investors who want to trade on the go, LimeFx provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.