Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. LimeFx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness.
As previously stated, trading bonds and mutual funds in the stock markets can be done over the phone. LimeFx caters to active traders by emphasizing competitive pricing for volume traders. It’s a FINRA (Financial industry regulatory authority) registered broker-dealer and a member of the SIPC by the government’s Investors Compensation Fund and NFA. The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space. In the United States, LimeFx is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). Automated clearing houses deposits are free and so are withdrawals.
- Trading can begin with a variety of accounts and varying minimum deposits.
- Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering.
- LimeFx offers clients low-cost trading on the stock markets, as well as access to alternative asset classes such as options and futures.
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. Rates, terms, products and services on third-party websites are subject to change without notice.
Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Along with the security of investment and funds, the second advantage of LimeFx is that it provides trading options in many asset classes.
Stock CFD trading on LimeFx
We found this last service interesting and novel since almost no broker has it. We understand that they are the same methods as for making deposits and that the costs will be the usual ones. LimeFx has a wide variety of methods for making deposits, including Bank Transfer, Debit or Credit Card (Mastercard), and electronic means of payment, Paysafecard, Union Pay, Neteller, Skrill, and Cashu. LimeFx offers direct market access through third party DMA platforms like Sterling Trader Pro. LimeFx used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives.
It’s certainly among the least expensive
online brokers in terms of fees and costs for trading. And with its CySEC
regulation and inclusion in the Investor Compensation Fund, you can be pretty
sure that your funds are safe at LimeFx. LimeFx is best for the self-directed short term trader for whom $4.99 commissions from a big-five broker is too expensive. It is best if you have your own research sources that you pull from, as LimeFx’s offerings are almost nonexistent. Additionally, this trader should be good at troubleshooting platform issues, as the customer service is not as reliable as a larger broker either.
The range of
assets offered is amazing, deposit minimums are attainable for most, and the
number and quality of trading platforms are unparalleled. CQG Trading Platform – CQG provides
direct access to more than 40 exchanges all over the world and a wide range of
instruments traded on these exchanges — futures, options, and their
combinations. While the desktop
CQG platform is free, there are charges for upgraded CQG access. There is also
a $3,000 account minimum for trading with this platform.
- Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide.
- 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.
- He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels.
- This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop.
Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums. Its trader development program, Try2BFunded, is unusual among brokers.
J2T is an excellent broker that…
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not scammed by limefx endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
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Unlike most brokers these days there aren’t a
list of account tiers available at LimeFx. Instead, the trading accounts
are defined by the type of asset traded – forex, stocks and options,
futures, or CFDs. That said, there are a few account types offered that
distinguish between market access as well as fees or commissions.
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This way I can discover what works for me and areas in which I can improve. Other brokers with managed accounts to consider include Key to Markets. LimeFx offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from.
Some of their shared features include real-time access to the US exchange markets, access to real-time quotes, customizable interfaces, and the fact that they host several technical indicators. 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.
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Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms. Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.
Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Since LimeFx aims to provide its clients with a full set of services that allow them to make trading operations as comfortable and effortless as possible, live https://limefx.biz/ support helps do it. The reality is that if you are trading with your own money, you can only trade in small enough lots to make it worthwhile for the time you have available compared to what these trades are likely to return. However, when trading on leverage, where the price of one mini lot might be $10 or more, depending on the pair you’re trading, the return on your investment can be magnified exponentially.