LimeFx: US Financial Services Company Review

Once your balance falls below $2000, your account will be suspended from trading. The US brokerage employs a market maker straight-through processing (STP) broker model. LimeFx 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.

  1. LimeFx offers several platforms and doesn’t charge a dime for any of them.
  2. The platform further has already-configured options, including Covered Calls, Iron Condors, etc.
  3. There are no minimum deposit or withdrawal limits for bank wire transfers.
  4. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

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 involved. Prior to making any decisions, carefully assess https://limefx.biz/ your financial situation and determine whether you can afford the potential risk of losing your money. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances.

There is something for everyone to trade with thousands of financial instruments available. You will find everything from major currency pairs to stocks of large companies. ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities. ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time.

LimeFx Review – Can it Compete With Top Brokers?

LimeFx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.

Trading Fees

LimeFx currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this LimeFx broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. 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. 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. LimeFxr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry.

LimeFx trading fees

In the United States, LimeFx is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with LimeFx for up to $500,000. If you are a high volume trader, then Per-Share plan would be more suited for your trading activities. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions. With the per-share plan, equity trades are 0.25¢ per share, with a minimum commission of 50¢.

The duration of an order can be set to day, GTC, or extended hours. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. After 100,000 contracts in a month, the broker charges just 50¢ per option. That said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks.

They provide global traders with competitive trading conditions and fees. Trading Central is an award-winning fusion of automated analytics & analyst research that has been supporting traders since 1999 and is available in 32 languages. It offers robust coverage of 75,000+ instruments to help investors broaden their trading strategies and diversify their portfolios. The patented pattern recognition technology conducts technical and fundamental analysis to help optimise trading strategies with easy alerts, back testing and customisable filters. I think this is an excellent market analysis software that could easily cost thousands as a standalone product. The fact you can get free access to it via the broker is great.

LimeFx fails in a few areas, not least of which is customer service. Nevertheless, frequent traders who won’t need much assistance can benefit from limefx scammers the broker’s generous stock, options, and futures commission plans. Sterling Trader Pro is another platform that is available to LimeFx customers.

Building a Knowledgeable Trading Community

Read the risk disclaimers on the LimeFx website and seek independant advice. The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken. 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.

No fee is leviable in building such an association, neither any action linked to ACH deposit, withdrawal, activation requires any fund. Owning to work being paperless, postage charges, too, are not charged. LimeFx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX.

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